Past several years have been tremendously interesting and informative in regards to technology, especially in the artificial intelligence (AI) field. What was initially only residing in human imagination and theoretical techniques has now evolved and entered core businesses across industry verticals to transform the digital world currently known to humankind. From sectors such as retail, manufacturing, and healthcare to services such as customer engagement and marketing, AI has penetrated every possible business aspect and is positively bringing drastic transformation in each of those.
Today, in the age of big data, predictive analytics is the most adopted and utilized AI technique. Be it insurance, healthcare, retail, or entertainment, predictive analytics applications and software have carved out a unique niche in every business sector. In retail, predictive analytics software address various business elements; be it the need to mine data to extract valuable insights from them and predict business growth or offer lucrative deals and discounts to customers according to their purchase history and other behavioural patterns. The surge in data is also expected to act as a catalyst in increasing the usage of cloud-based AI software. As such large amount of data would require additional attention for structuring, which is no longer possible with manual or current traditional methods, which are time and cost consuming.
At the top is the adoption of deep learning by modelling the functions and structure of human in an endeavour to develop algorithms that mimic the artificial neural networks. Practical applications powered by such algorithms prove highly beneficial in computer vision, autonomous vehicles, automatic text generation, and more. These applications can further be employed in healthcare for diagnosing and monitoring illness accurately, in the automotive sector to power self-driving vehicles, and in banking to detect and authenticate documents such as passports, ID cards, driver’s licenses, and checks.
Facial recognition is yet another AI trend that has gained immense popularity in the last few years. Face recognition has replaced traditional security methods such as passwords to become a dominant biometric authentication technique in smart phones and other digital devices.
Recently, internet of things (IoT), cloud, and hybrid integration are also being included in the realms of AI to further innovate the AI-powered applications and software, and this edition of CIOReview brings some of those and more solutions of AI in the forefront. A distinguished panel comprising of CEOs, CIOs, VCs, and analysts along with the editorial panel of CIOReview has selected the top 10 Most Promising AI Solution Providers of 2019 in the UK to help retailers associate with a reliable AI solution provider. The companies featured in the current edition have been hand-picked based on their capability to drive higher customer engagement for firms and provide unparalleled support and guidance to their clients. Their offerings range from incorporating and leveraging AI for data analytics and predictive analytics to identity and access management and security purposes.
We present to you CIOReview’s ‘Top 10 Most Promising AI Solution Providers of 2019 in the UK’