9 top trends for digital transformation in 2018

Check out the importance and possibilities of Aritifical Intelligence in this #DigitalWorld !

It might be an understatement to say that today’s business environment has become hyper-competitive, and the companies that aren’t continuously reinventing their business -- with data at the core -- will end up watching from the sidelines while their market is disrupted.

In fact, IDC predicted that global spending on digital transformation technologies and services was expected to increase by nearly 20% in 2018 to more than $1.1 trillion.At the foundation of the radical rethinking vital to digital transformation is intelligent management of the proliferation of data throughout the enterprise.

In addition, the harmonized and cleansed data must be able to be easily migrated into new systems error-free to accommodate the reinvention of the business.

Gartner measures the average financial impact of poor data on businesses at $9.7 million per year.”Keeping Data In CheckGetting the governance piece right is key as well, particularly in complex data landscapes.

Information governance uses a set of defined roles, processes and policies to help manage data assets and ensure their integrity, accuracy and security.

Without effective information governance, no one can be certain about what data assets an organization has, who controls them, what information they can provide and how they should be used.Good governance also increases the utility of data from new sources -- both inside and outside the organization -- and supports compliance efforts with regulations such as HIPAA and the General Data Protection Regulation (GDPR).But beyond business and compliance requirements, data trust and understanding driven by established policies and rules form the basis for effective use of the algorithms used in machine learning or artificial intelligence (AI).

Automating mundane activities & facilitating collaboration through digital transformation with Business Process Automation and Business Intelligence from AllianceTek.

It can be used to modify existing systems within a business or create new and transformative ones.

It helps a business provide value efficiently to their customers.

It helps businesses to create an environment that allows employees to focus more on results driven functions while the artificial intelligence learns the customer and captures data.

It takes businesses from posting billboards to advertising on social media.

Businesses must maintain their social media content and keep it current, which may require hiring.

Most people look at the phones or computers multiple times throughout the day.

Semantic Search Engines With Added Precision

AI will continue to contribute to the new norm of an eCommerce website, i.e., the Semantic search engines.

Instead of displaying results merely based on keyword inputs, NLP (Natural Language Processing), and AI together will be able to help in understanding synonyms of the searched text.

Furthermore, NLP & AI enabled semantic search engines can quickly identify typos, suggest auto-correction, provide a dynamic display of targeted merchandising; enabling the customers to choose from more relevant search results.

Thanks to the modern AI-based solutions, real-time tracking of fleet and workforce from the first mile to last mile to the long haul is made possible.

Using heat maps and trend lines, businesses can now analyze the entire supply chain operations and also compare the planned vs. actual SLA’s.

In this age of modern customers who’s preferential to go on travel begins from reading a variety of plans and similarly, the access to AI in the travel industry is also fast evolving simply to improve the customer experience enjoyable.

This results in a lot of other tourists making use of AI-based Travel apps from their smartphones for quickly arranging a holiday trip.

It often includes activities like booking flights, accommodation and acquaintance of holiday trip’s itinerary right in the form of receiving push notification messages.The travel industry is experiencing a big demand among the day-to-day customers once investing with Artificial Intelligence and thereafter reducing the customers travel stress immensely.

These AI Trends are bound to severely impact the Travel Brands and engage customers with the powerfully upgraded travel app features.Learn more at AI Trends in Travel Industry.

Simpliv, the learning platform, is organizing the AI Summit India on 18th November at Taj Vivanta, Bangalore.

This two-day summit will be an ideal opportunity to explore critical areas of AI such as digital transformation, AI and deep learning, AI and cybercrime, AI as a tool for enforcing accountability, the various industries that could get impacted by AI, enterprise and process automation using AI, AI and costumer experience, AI’s role in messaging in the advertising, marketing and healthcare and other sectors, AI for the Cognitive Enterprise, and much more.This AI Summit will evaluate the nature and scale of changes that AI could bring about in various sectors such as retail, enterprise, consumer and commerce.

It will scrutinize the opportunities and transformation that AI could bring about in the development and digital platforms.Simpliv will offer the opportunity for a vivid and thoughtful exchange of viewpoints among panel members, who will be a bright mix of:Those who are pioneering path breaking innovations in the field of AILeading brands that are at the forefront of AIWell-established leadersTech evangelistsUnicorns, andKeenly watched startups.Visitors at the AI Summit will include AI managers, angel investors, decision makers, innovators, startups, designers, developers, Data Analysts, Managers and Scientists, and brand managers.