Tag: Artificial Intelligence

AI and AIOps have been transforming the future of the workplace and IT operations, which accelerates digital transformations. The AIOps stands out as it uses machine learning (ML) and big data tracking, such as root cause analysis, event correlations, and outlier detection. According to the survey, large organizations have been solely relying on AIOps to track their performance. Thus, it is an exciting time for implementing AIOps that can help software engineers, DevOps teams, and other IT professionals to serve quality software and improve the effectiveness of IT operations for their companies.

Adoption of AIOps

Most companies are in the early stages of adopting AIOps to analyze applications and machine learning to automate and improve their IT operations. AIOps have been adopted amongst diverse industries, and more enterprises are adopting it to digitally transform their businesses and simplify complex ecosystems with the help of interconnected apps, services, and devices. AIOps have the potential to tackle complexities that are often unnoticed by IT professionals or other departments in a company. Therefore, AIOps solutions enhance operational efficiency and prevent downtime, which makes work easier.

Numerous opportunities can change the way AIOps has been incorporated into the company. To do so, businesses and IT professionals should be aware of appropriate trends and best practices to embrace AIOps technologies. Let’s take a closer look at these topics:

Best Practices of AIOps

To get the most out of AIOps, DevOps engineers and other IT professionals can implement the following practices:

Suitable Data Management

DevOps engineers must be aware that ill-managed data often gives undesired output and affects decision-making. Thus, for a suitable outcome, you should ensure that the gathered data is properly sorted, clean, and classified for seamless data monitoring and browse data through a large database for your enterprise.

Right Data Security

The security of user data is essential for your company, as it is under the guidance of data protection regulation agencies that can impose fines if the data is misused. The DevOps and IT engineers can ensure that the data is properly safeguarded and used within their control to avoid data breaches.

Appropriate Use of Available AI APIs

AIOps’s main aim is to improve the productivity of IT operations with the help of artificial intelligence. Therefore, the IT teams should look for great AI-enabled APIs that improve the tasks they have to accomplish.

To Know More, Read Full Article @ https://ai-techpark.com/future-of-aiops/ 

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Importance of AI Ethics

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Digital transformation benefits your small business or large organization by increasing productivity with scalability in IT infrastructure, expanding data storage and resources, and accelerating application delivery. However, the large-scale expansion of web services like cloud environments has created challenges for IT professionals and engineers, affecting their security and operational efficiency. To curb these challenges, here are some of the most effective solutions that will enhance your company’s use of artificial intelligence for IT operations (AIOps) by making complex automated decisions and managing large-scale data.

Use Cases for AIOps for Large-scale Data and Workload Management

AIOps can provide several benefits to your business to streamline and automate their IT operations and management processes. Here are a few use cases:

Detecting And Fixing Issues More Rapidly

AIOps offers full insight into the private, hybrid, and public cloud resources that identify and fix problems with large-scale data swiftly. AIOps platforms may combine this insight on the event and problem data to analyze the data to identify the issue before it arises.

How to Strengthen AIOps in Data Management

AIOps platforms are designed to handle large-scale data with the help of tools that offer various data collection methods and visual analytical intelligence. Here are a few strategies to strengthen AIOps in data management to handle the operations more effectively:

Define Goals and Objectives

Identifying the goals and objectives for implementation of AIOps helps your IT team identify the specific areas where IT operations are needed from AIOps technologies. The most important AIOps technologies that companies might need are performance optimization, capacity planning, and incident management.

Evaluate Data Sources and Infrastructure

Identifying relevant data sources can give better insights for AIOps, like metrics, log monitoring tools, events for evaluating existing infrastructure, and DevOps services that ensure data collection, processing, and storage requirements for AIOps.

Conclusion

AIOps is a big deal in the IT industry because it has the potential to transform your business, and it is no no-brainer to go with it. To make things easy to use, we have made a list of the best AIOps solutions that have features, tools, and use cases that will help you find the perfect platform for your business.

To Know More, Read Full Article @ https://ai-techpark.com/aiops-for-large-data/ 

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In the realm of technology, few terms evoke as much excitement and apprehension as Artificial Intelligence (AI). As the CEO of Neurons, a company at the forefront of predicting consumer behavior using neuroscience and AI, I’ve witnessed this dichotomy firsthand.

A meeting with a leader of a large social media channel, a traditionalist in the world of research and insights. The skepticism in the room was palpable as we introduced our AI-driven solutions. The journey from apprehension to understanding to acceptance was not a sprint, but a marathon. But as they say, the longest journey begins with a single step.

Enhancing Efficiency

In this blog, we'll explore the compelling reasons why taking that leap is not only worth it but also essential for personal growth, business success, and societal advancement.

AI can significantly enhance efficiency across various sectors. Whether it's automating routine tasks, optimizing supply chains, or streamlining customer service, AI systems can handle mundane workloads with unparalleled accuracy and speed. By offloading repetitive tasks to machines, individuals and organizations can focus their time and resources on more meaningful and strategic endeavors.

Enabling Innovation

One of AI's most remarkable attributes is its ability to foster innovation. With machine learning algorithms, AI can identify patterns, analyze data, and generate insights that humans might overlook. This can lead to groundbreaking discoveries in fields like medicine, where AI is aiding in drug discovery and disease diagnosis, and in science, where AI is accelerating research across various disciplines.

Personalization and Customer Experience

AI is at the forefront of delivering personalized experiences. Businesses are using AI to tailor products and services to individual preferences, providing customers with exactly what they need. From personalized product recommendations in e-commerce to personalized content on streaming platforms, AI is making the customer experience more engaging and satisfying.

Data-Driven Decision Making

AI's data analytics capabilities empower organizations to make data-driven decisions. With access to vast datasets and advanced analytics tools, decision-makers can obtain valuable insights that inform strategy, planning, and problem-solving. This, in turn, can lead to more successful outcomes and a competitive edge in today's fast-paced world.

Embracing AI is a leap of faith worth taking. The potential benefits span across personal, business, and societal dimensions. It has the power to enhance efficiency, foster innovation, personalize experiences, enable data-driven decision making, and address complex global challenges. AI can augment the workforce and improve job satisfaction. However, it's essential to approach AI with ethical considerations in mind. By embracing AI today, we prepare ourselves for a future where AI will play an even more central role in our lives.

To Know More, Read Full Article @ https://ai-techpark.com/embracing-ai-a-leap-of-faith-worth-taking/

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Transforming Creativity with AI

In the last few years, artificial intelligence for IT operations (AIOps) and observability have been hot topics in the IT operations sector. Organizations are looking for improvements in development and operation processes as these technologies have become more accessible, with various benefits and challenges. With the power of artificial intelligence (AI), machine learning (ML), and natural language processing, IT professionals such as engineers, DevOps, SRE (Site Reliability Engineering) teams, and CIOs can detect and resolve incidents, drive operations, and optimize system performance.

Today, we will understand how AIOps and observability have benefited most enterprises and why they are important for your business.

The Challenges and Solutions of Observability and AIOps

AIOps and observability have been critical tools in modern IT operations that have changed the traditional way of managing data. However, IT professionals need help with certain challenges and limitations that can bottleneck the use of these tools properly. Let’s explore some key challenges and their solutions:

Complexity of Implementation

Implementing observability and AIOps involves a lot of complexity, as these technologies require investment in infrastructure and expertise to implement and maintain. Moreover, a shift in mindset from traditional IT operations, where monitoring and responding to issues are done manually, is also crucial.

Solution: The only way to overcome these challenges is by investing in proper training and infrastructure that supports AIOps and observability, along with continuous organizational improvement and learning. The IT teams should also embrace new technologies and methods to stay updated and competitive in the AI industry.

AIOps’s Limitation

Even though AIOps is a powerful tool, it has certain limitations as it can partially replace human expertise. On the other hand, ML can recognize trends and patterns, but it struggles with the underlying cause of an issue.

Solution: To solve these complex issues, human expertise is still needed, as small organizations may not require the complexity of AIOps. The IT teams have to intervene to identify patterns and trends with the help of the ML algorithm.

Organizations today are under pressure to keep their IT solutions and infrastructure up and running with minimal downtime. While it is a tough job and has become harder to achieve with modern architecture, AIOPs and observability coming together can help your company enjoy cost-effective solutions to data and IT issues.

To Know More, Read Full Article @ https://ai-techpark.com/observability-and-aiops/

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Artificial intelligence (AI) has revolutionized data management, empowering organizations to leverage data for informed decision-making.This article explores the transformative impact of AI in data management, presenting three key ways it enhances insights.

First, how AI automates critical processes, optimizing workflows and resource allocation. Second, how AI algorithms improve data quality by detecting and rectifying errors, ensuring reliable insights. Last, how AI enables businesses to make informed decisions by uncovering patterns and making accurate predictions.

Embracing AI in data management provides a competitive advantage, driving sophisticated decision-making and valuable insights across industries. This article will highlight the transformative potential of AI in data management, informing data decision-makers why it is essential to seize this opportunity for growth and success.

About the writer: With more than 20 years of experience in software engineering, Jay Mishra is an expert in product vision and development. Jay is the Chief Operating Officer for Astera Software, where he focuses on product development and strategic planning. Jay holds a Master of Science degree in Computer Science from Virginia Tech and a Bachelor of Science in Mathematics and Computing from the Indian Institute of Technology.

Data: it is the backbone of businesses, enabling informed decision-making, enhanced customer service, and innovation. However, effectively managing data presents challenges, from collection to storage and analysis.

Integrating unstructured data is a challenging task due to its diverse formats and lack of structure. Managing this type of data has historically required extensive manual labor and complex systems to ensure the data is properly extracted. Even with a team of experts, there is still a risk of human error, from missing fields to duplications and inconsistencies.

The rise of artificial intelligence (AI) is revolutionizing data management practices, ushering in a new era of efficiency and efficacy. Large language models such as ChatGPT, Bing, and Google Bard are transforming both the speed at which we can process data, and the way we can use and understand that data.

Just as the advent of Excel revolutionized data processing and analysis, AI represents a new frontier in data management capabilities. While Excel brought the power of spreadsheets to the masses, large language models harness the capabilities of advanced language models to process and analyze data in a conversational manner. Unlike Excel’s structured and formula-based approach, AI’s natural language processing abilities enable users to interact with data in a more intuitive and conversational manner.

Using AI, businesses can now query, explore, and gain insights from their data using everyday language, eliminating the need for complex formulas and technical expertise. This opens up new possibilities for users of all backgrounds to effortlessly leverage data in their decision-making processes.

To Know More, Read Full Article @ https://ai-techpark.com/unlocking-the-power-of-ai/ 

Mental Health Apps for 2023

What is ACI

In the dynamic environment of IT operations, the emergence of AIOps (artificial intelligence for IT operations) has changed how IT professionals manage and optimize their systems. AIOps represent a radical shift in the integration of artificial intelligence (AI) and machine learning (ML) into conventional IT operations to enhance productivity, identify issues, and automate responses. The role of AIOps platforms is to serve as the control center for IT professionals like IT Ops and SRE teams by offering suite tools and functions to utilize the power of AI in their day-to-day activities.

In this article, we will examine the key features, the top six trending AIOpS platforms, and how these platforms will help your organization with the help of some interesting real-life case studies.

Understanding the Essence of AIOps Solutions

AIOps has evolved analytics in IT operations and benefited numerous businesses by helping them make informed decisions. Here are two essential key features that will help in improving IT efficiency and system development. Let’s take a look:

Automation in IT Operations

AIOps has a lot to offer, like improving key metrics and helping businesses survive and develop in an increasingly digitized environment. Thus, AIOps solutions help your business by offering solutions like desk automation, anomaly detection, predictive maintenance, and other functionalities.

Data Ingestion and Enrichment Capability

AIOps solutions are needed to break down and ingest the information from different sources, like networks, clouds, applications, etc., to understand the current landscape of the IT structure. These solutions need to be analyzed to streamline a wide range of data from different timelines. Moreover, the AIOps platforms enrich logs or events with tags and metadata that provide contexts for generating time series.

The key features of AIOps have helped in fetching good results in your business if the correct platforms are used which gives better insights, from collecting data to spotting real-time issues. Let’s take a look at how the AIOps platform or tool transforms medium and large companies.

Implementation of Best AIOps Practice

To achieve good results, your company must not just concentrate on understanding how and which AIOps platforms will benefit your team but also focus on the best practices that help in achieving outstanding results in present and future scenarios. Here are some of the practices:

Investing in the Correct AIOps Platform

AIOps is a combination of AI and IT processes to make work simple; however, it is only possible if the integrated tools have most of the features like data sources, business applications, and understanding of the resources. The AIOps platforms make your IT ecosystem better and fine-tune your requirements according to your needs.

To Know More, Read Full Article @ https://ai-techpark.com/aiops-top-6/ 

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Diversity and Inclusivity in AI

Safeguarding Business Assets

Can you provide an overview of AvaSure’s current use of AI technology in your organization?

Absolutely. AvaSure’s TeleSitter® solution enables acute virtual care and remote safety monitoring. Our platform enables virtual team care by combining remote patient sitters, virtual nurses, and other providers in a single enterprise technology solution to enhance clinical care, improve safety, and boost productivity.

Recently we unveiled artificial intelligence (AI) capabilities to our virtual care platform. AI augmentation will enable health system partners to enhance efficiency and time-savings while also improving the quality of care they deliver. Our initial applications will enhance a virtual safety attendant’s capacity for reducing elopement – which is when a hospital patient leaves a facility without any caregiver’s knowledge – and preventing falls.

How do you ensure the ethical use of AI in your organization, particularly in terms of privacy and security of patient data?

To reiterate, we’re not recording any of the data. We’re just building models that don’t include patient-identifiable information. What’s important is that we have a large enough sample size for computer vision that the models perform on different demographics and we are able to fill in race, age groups, gender, and similar variables.

How do you see AI technology evolving in the healthcare industry in the next few years, and what role does AvaSure plan to play in this evolution?

Given the structural staffing shortages, the aging population, the need for the healthcare system to care for more patients more efficiently, there’s going to be an even bigger demand for healthcare. At the same time, we don’t have enough nurses and physicians. AI can play a key role in helping to leverage experts most effectively and where needed by automating tasks and augmenting the expertise of clinicians.

I think computer vision is going to be a very powerful tool in the clinical environment in terms of reducing harm and minimizing errors. Have you ever been in a hospital where you’ve had the nurse come into your room to take your blood pressure every four hours while you’re trying to sleep? Something like that can be automated so that it’s less disruptive to a patient.

In terms of AI adoption, what advice would you give to other healthcare organizations looking to incorporate AI into their operations?

I have several pieces of advice to offer: Use AI to augment people, not replace them. Keep a human in the loop so trust can be established. Most importantly, partner with a company that has deep experience gained from thousands of implementations and who is coming at it from a clinical expertise perspective, and not from an IT perspective. This means a partner that has its own clinical resources, understands your environment, can safely and effectively drive adoption and change management, and can ensure compliance. At AvaSure, 15% of our staff are experienced nurses.

To Know More, Read Full Interview @ https://ai-techpark.com/aitech-interview-with-adam-mcmullin/ 

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Cloud Computing Frameworks

In AI-Tech Park’s commitment to uncovering the path toward realizing enterprise AI, we recently sat down with Chris Lynch, an esteemed figure in the industry and accomplished Executive Chairman and CEO of AtScale. With a remarkable track record of raising over $150 million in capital and delivering more than $7 billion in returns to investors, Chris possesses invaluable knowledge about what it takes to achieve remarkable results in the fields of AI, data, and cybersecurity.

Please give us a brief overview of AtScale and its origin story. What makes AtScale stand apart from its competitors?

AtScale was founded in 2013 as a highly scalable alternative to traditional OLAP analytics technologies like Microsoft SSAS, Business Objects, Microstrategy, or SAP BW.  However, our true breakthrough came with the enterprise’s shifting data infrastructure to modern cloud data platforms.  AtScale uniquely lets analytics teams deliver “speed of thought” access to key business metrics while fully leveraging the power of modern, elastic cloud data platforms.  Further, what sets AtScale apart is its highly flexible semantic layer.  This layer serves as a centralized hub for governance and management, empowering organizations to maintain control while avoiding overly constraining decentralized analytics work groups.

How do AtScale’s progressive products and solutions further the growth of its clients?

AtScale offers the industry’s only universal semantic layer, allowing our clients to effectively manage all the data that is important and relevant for making critical business decisions within the enterprise. This is so they can drive mission-critical processes off of what matters the most – the data!

To achieve this, AtScale provides a suite of products that enable our end clients to harness the power of their enterprise data to fuel both business intelligence (BI) and artificial intelligence (AI) workloads. We simplify the process of building a logical view of the most significant data by seamlessly connecting to commonly used consumption tools like PowerBI, Tableau, and Excel and cloud data warehouses like Google BigQuery, Databricks, and Snowflake.  

What potential do you think AI and ML hold to transform SMEs and large enterprises? How can companies leverage these modern technologies and streamline their processes?

AI and ML are going to have a profound impact on how we live, conduct our day-to-day business, and shape the global economy. It is imperative for every organization to leverage AI to streamline their operations and processes, improve their costs, and more importantly build and sustain competitive differentiation in the market. But without proper data, AI becomes inefficient and uneventful. The power of those AI models and their predictions rests in the organizational data and needs a universal semantic layer to create AI-ready data.

To Know More, Read Full Interview @ https://ai-techpark.com/aitech-interview-with-chris-lynch/ 

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Data Analytics Trends in 2023

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In today’s rapidly evolving business landscape, the Banking, Financial Services, and Insurance (BFSI) sector is at the forefront of digital transformation. To succeed in this dynamic environment, industry leaders, executives, and decision-makers must not only recognize the challenges but also harness the opportunities presented by technology. This article is a comprehensive exploration of how Robotic Process Automation (RPA) and Artificial Intelligence (AI) provide strategic solutions to address these challenges, foster innovation, and drive growth within the BFSI sector.

Before delving into their applications, let’s establish a clear understanding of RPA and AI. RPA utilizes software robots to automate repetitive tasks, while AI leverages machine learning and data analytics to replicate human intelligence. In BFSI, these technologies have the potential to reshape the way business is conducted.

Navigating Contemporary Challenges in BFSI

Before embarking on the journey of RPA and AI implementation, it’s crucial to acknowledge the pre-implementation challenges. Data security and regulatory compliance are critical in the financial services industry. Protecting sensitive customer data while adhering to strict industry regulations presents a complex puzzle. Furthermore, upskilling the workforce to adapt to these transformative technologies is a challenge that cannot be underestimated by CFOs, COOs, and industry professionals.

Potential of RPA and AI in BFSI:

RPA holds the power to streamline BFSI operations by automating laborious tasks such as data entry, transaction processing, and report generation. This not only reduces errors but also significantly improves operational efficiency. In parallel, AI ushers in a new era of data-driven decision-making within the sector. AI can predict market trends, detect fraudulent activities in real-time, and offer highly personalized product recommendations to customers. These capabilities lead to better customer experiences and more informed strategic decisions.

Solutions for Post-Implementation Challenges:

BFSI is an industry where every decision counts, embracing technology has become synonymous with staying competitive and relevant. As seasoned COOs, CFOs, banking professionals, and industry leaders, it is important to understand that the transformative power of Robotic Process Automation (RPA) and Artificial Intelligence (AI) can’t be ignored. While the potential of RPA and AI in BFSI is clear, the path to realizing these benefits can be laden with challenges. In this context, we present a strategic roadmap, tailored to your discerning vision, to address solutions to post-implementation challenges.

To Know More, Read Full Article @ https://ai-techpark.com/bsfi-rpa-and-ai/ 

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Importance of AI Ethics

Artificial intelligence (AI) has improved the outcomes for hundreds of thousands of businesses by automating and speeding up their processes. Yet, it has also helped the criminals too, making it easier for them to commit fraud and steal money.

Nowhere has this been more keenly felt than in the banking and finance industry, where the technology has been successfully deployed in the fight against fraud, tackling everything from credit card fraud to money laundering. But one of the key areas where it is proving most effective is in detecting business lending fraud.

There’s no doubt that business lending fraud has been on the rise in recent years, increasing at an average of 14.5% year-over-year for small and mid-sized businesses in 2022, as per a LexisNexis report. But that’s just the tip of the iceberg, with many of these types of fraud going undetected or unreported.

The problem was exacerbated during the Covid-19 pandemic as businesses became increasingly stretched, with employees forced to work remotely. As a result, they have become obvious targets for scammers looking to exploit them.

Types of business lending fraud

As technology continues to evolve, so the criminals’ methods have too. There are four key areas where they are now focusing their efforts: application fraud, impersonating another business, providing incorrect information and hiding data.

Application fraud is fast becoming one of the most prevalent forms of deception. It involves a business or individual using their own details to apply for a financial product such as a loan, but when they complete the application they use false information or counterfeit documents, often to try and get a larger amount of money.

Another common tactic among fraudsters is impersonation. By using fake documentation to trick the lender into believing that they are another business, they can dupe them into lending them big sums of money.

Knowingly providing the wrong information is fraud too. This typically includes but is not limited to, the submission of misstated management information and fudged bank statements, which are hard to verify without the correct records.

But perhaps the hardest fraud to uncover of all is hiding data. By withholding key information that can be used to determine a lending decision, scammers can secure a bigger loan.

Given the complexity of these kinds of fraud and the fact that they can be committed by individuals and companies themselves or others who have stolen their identity by posing as them, it makes it even harder to identify and prevent them from happening in the first place. And so deceptive are they that the victim may never know they have been targeted or only find out when they are turned down for a loan after the fraud was perpetrated without them being aware of it.

To Know More, Read Full Article @ https://ai-techpark.com/the-rise-of-business-lending-fraud-and-ai/ 

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