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Innovation of Chatbots

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New advances in technology have opened the doors to an easier, faster and conversational solution: Chatbots . According to Gartner, by 2020, around 85% of our interactions will be handled by bots instead of humans. With its presence in diverse areas, including households, workplaces, industries, and even in our vehicles, the importance of Chatbots is growing day by day. Chatbots have become the latest addition to every marketer’s bag of strategies to run business in a more efficient manner. The major advantage of using Chatbot here is, they can be used from customer support to lead generation. Let’s understand what really are Chatbots? Chatbots are applications that can mimic human talks using Natural Language Processing and Machine Learning algorithms. For the simplest of reference, our Alexa and Google Home - our virtual family members, are all Chatbots! They can distribute the huge data they receive, rapidly orchestrate the issues found inside, and disclose it to t...
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Artificial Intelligence and 4th Industrial Revolution

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We see the fourth industrial revolution altering the digital, physical, and organic universe. It is crafting novel possibilities and promises of an innovative future, accelerating the social aids of machine learning and AI while safeguarding value, confidentiality, transparency, responsibility and social influence. According to Daniel Riedel, CEO of New Context , a consulting business focused on lean security: “The true wonder of the fourth industrial revolution won’t be the data produced; it will be intelligent machines’ capacity to analyse those data and communicate their findings within a network of similarly intelligent machines. Then, each connected machine will act, altering its processes to be more efficient and communicating those changes back to its network.” Therefore, we can say, the Fourth Industrial Revolution is not just a forecast of the future, but also a source of inspiration. From Microsoft and Google to Amazon and Facebook, pioneers of the world's ...
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History of Industrial Revolution - 1.0 to 4.0

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You might remember studying about the Industrial Revolution in history classes, and discussing how steam motors and production lines changed the scene of European and American financial matters and society. Yet, hasn’t that just happened once? The progression into creation innovation, which was completely not quite the same as the past, is likewise called the mechanical unrest . The new generation’s innovations in a general sense changed the working conditions and the way people used to live. Below is the brief history about modern revolutions and where do we get ourselves now: 1 st Industrial Revolution - Mechanical Production The First Industrial Revolution was started in the 18 th century using steam force and mechanisation of production . In the beginning of 1760, through the introduction of steam machine, steam was controlling everything from agribusiness to material assembling. Society to a great extent used to be agrarian or can say, life was based on c...
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Future of Artificial Intelligence in Education Sector

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Artificial Intelligence is gradually becoming a part of our ordinary lives. We are enclosed by this innovation everywhere including automatic parking systems, keen sensors for taking amazing pictures, or an individual help. Being beneficial in diverse areas, the necessity of Artificial Intelligence in education is being felt, transforming the traditional methods of learning drastically. From letting teachers focus on building the psyches of students instead of checking copies, to fitting the learning procedure for every individual student, Artificial Intelligence is absolutely revolutionising the teaching and learning process in education. A study states that by 2021, the utilisation of AI in education and learning will increase by 47.5%. Past scholastics, it can likewise streamline students’ career decisions. As per the Industrial Revolution 4.0 , education should not just meet the needs of industry, but also ensures the best possible student experience, use of staff ti...
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The Rise of the Gig Economy

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Gig Economy is a kind of work culture which is going to trend this decade! This is a terminology which reconstructs the distorted notion of the word ‘JOB’, assuming to take control over work very soon! Let us understand what actually Gig Economy is. It is a  free market framework wherein impermanent positions are regular and experts from all over the world collaborate with each other on project basis, for short-term engagements. For a few, the Gig Economy is essentially an approach to get additional money. And for others, however, it's a method to escape from the corporate world for good. Gig Economy, in this case, provides an opportunity and pleasure that working for themselves can give. Independent work sounds incredible in principle: not anymore irrational supervisor, futile gatherings, or working your life away to satisfy another person's vision. But outsourcing is also not effortless. Finding out the relevant reso...
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Dive Deep into Artificial Intelligence

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Concept of Artificial Intelligence is coming up as the biggest innovation in the next few years. As per Ray Kurzweil, “Artificial Intelligence will reach human levels by around 2029. Follow that out further to, say, 2045, we will have multiplied the intelligence, the human biological machine intelligence of our civilization a billion-fold”. In the early 20 th century, it began with the “heartless” Tin man from the  Wizard of Oz, who familiarized the world with the concept of artificially intelligent robots through science fiction and continued with the humanoid robot that impersonated Maria in  Metropolis . By the 1950s, we had scientists, philosophers, and mathematicians who came up with the concept of Artificial Intelligence a ssimilated in their minds. One such young enthusiast was Alan Turing, a young British polymath. He explored and analyzed the mathematical possibility of Artificial Intelligence and suggested that humans use available information in order t...
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