Is Spatial Computing The Future of Technology?

In the digital era, spatial computing (SC) is a rapidly evolving field as we have started to interact with humans and machines in three-dimensional spaces. Technologies under this umbrella, including augmented reality (AR) and virtual reality (VR), can redefine the enterprise’s interaction with these gadgets and unlock a new realm of possibilities and opportunities.

Today, spatial computing is no longer a vision but a reality for finding the correct applications in numerous fields, especially in the business world.

In this AI Tech Park article, we will take a closer look at how spatial computing is the new solution for IT professionals who are looking to improve their data analysis and process optimization.

The Technology Behind Spatial Computing

Spatial computing has emerged as an interactive technology that can merge the digital and physical worlds, allowing users to interact with computers in an immersive and seamless manner.

With the help of a wide range of technologies, such as artificial intelligence (AI), camera sensors, computer vision, the Internet of Things (IoT), AR, VR, and mixed reality (MR), IT professionals can develop new technologies, a seamless business process, and better data analysis to optimize the process.

This technology employs numerous devices and hardware components to provide an interactive customer experience. A few well-known devices in the business world are smart glasses such as Apple Vision Pro and Meta Quest 3, which interface virtual objects with the real world.

Another interactive spatial computing technology is the depth camera by Microsoft Azure Kinect and the Intel RealSense D400 series, which captures the depth of the physical world and creates virtual objects that will fit into the real world.

Spatial computing leverages numerous technologies, such as machine learning (ML), advanced sensors, and computer vision, to understand and interact with the physical world.

Computer vision, also a subset of AI, enables computers to process and understand visual information by tracking users’ movements and understanding the environment. This allows IT professionals to create a digital representation of the physical world, which can be further used to overlay digital content onto the real world.

ML is another key technology in spatial computing that IT professionals use to train computers to understand and predict user behavior. For instance, if the user reaches to touch a digital object, the computer needs to understand this information and take action to respond accordingly and further predict the user’s future actions.

Sensors are also an essential component of spatial technology as they provide the data that the computer needs in the physical world, which includes the user’s behavior, environment, and interaction with digital content.

Spatial computing is indeed considered the future of technology, as it has the potential to revolutionize any industry by enabling human interaction with machines and the environment. This innovative blend of the virtual and physical worlds provides immersive experiences and boosts productivity. At its core, spatial computing integrates MR, VR, and AR to bridge the gap between the real world and the digital realm, which helps shape the future of technology.

To Know More, Read Full Article @ https://ai-techpark.com/spatial-computing-in-business/ 

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Beyond Numbers: Unveiling the Power of Data Literacy in the Digital Age

As we have entered the digital era, data and analytics strategies (D&A) have become important, as these technologies can transform any business during a massive data spike. According to global research, it was observed that around 2.5 quintillion bytes of data are produced by IT companies every day; therefore, to understand the importance of data, every employee must be data literate.

For a better understanding of data, the Chief Data Officers (CDOs) play an important role in making every employee data literate, i.e., able to understand, share, and have meaningful insight into data.  

With this mindset, organizations can seamlessly adopt emerging and existing technologies and transform their business outcomes across all departments while fostering quality decision-making, innovation, and a better customer experience. The CDOs

In this exclusive AI TechPark article, we will discuss the evolution of data literacy and how it can transform any organization into a data-literate one.

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The Evolution of Data Literacy in the Technological Era

In the past few decades, data literacy has experienced a significant transformation with the introduction of new technologies and the explosion of data. This shift has ignited from traditional data analysis to a modern era of big data that has redefined the way organizations can make data-driven decisions.

To analyze data, data scientists and analysts were confined to basic statistics and simple datasets. Even to analyze the data, data professionals needed more tools, narrow, small-scale datasets, and internal data sources. However, in the late 20th century, there were a lot of technological advancements, such as the introduction of data storage, big data, and cloud computing. This helped data scientists collect and process massive amounts of data from complex, unstructured datasets that could be further analyzed for deeper insight.

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As a result of these technological advancements, the power of data has become a center point for developing strategic planning and seamlessly operating business efficiency in the IT industry. Thus, data literacy becomes equally important to developing a data-literate workforce and ensuring that professionals harness the full potential of data for competitive advantage in the data-driven landscape.

Data is necessary, empowering at both individual and organizational levels by creating a pathway to harness real-world data-driven decision-making and data-driven organizational strategy.

In an era where artificial intelligence, data analysis, machine learning, and big data are driving critical business decisions and the ability to steer through complex datasets and extract business insights, data literacy is the epitome of enhancing employability, making informed business decisions, driving innovation, and gaining a competitive edge.

To Know More, Read Full Article @ https://ai-techpark.com/understanding-data-literacy-in-the-digital-age/ 

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AITech Interview with Neda Nia, Chief Product Officer at Stibo Systems

Neda, please share some key milestones and experiences from your professional journey that have shaped your perspective and approach as Chief Product Officer at Stibo Systems.

I have the honor of mentoring a couple of young leaders, and they ask this question a lot. The answer I always give is that I approach each day as an opportunity to learn, so it’s difficult to pinpoint a specific milestone. However, there have been some crucible moments where I made radical decisions, and I think those moments have influenced my journey. One of them was my shift towards computer science. Despite having a background in linguistics and initially aspiring to be a teacher, I took a complete shift and decided to explore computer science. Programming was initially intimidating for me, and I had always tried to avoid math throughout my student life. I saw myself more as an art and literature person, and that gutsy shift turned out to be a great decision in the long term. The decision was made by me, but it wouldn’t have turned into a success without support from my mentors and leaders – it’s super important to have champions around you to guide you, especially early in your career.

Another significant moment was when I accepted a consulting job that involved phasing out legacy systems. This required negotiating with users who would lose functionalities they had been using for years. These conversations were often challenging, and I was tempted to quit. However, I made the decision to stay and tackle the problem with a more compassionate approach towards the application users. It was during this time that I truly understood the nature of change management in the product development process. People find it difficult to let go of their routines and what has made them successful. The more successful users are with their apps, the less likely they are to embrace change. However, sometimes solutions become outdated and need to be replaced – plain and simple. The challenge is how to build a changing product while ensuring that users come along. This story applies to Stibo Systems. We have been around for over 100 years and have managed to transform our business. Stibo Systems is a perfect example of how to build lasting products, be open to change and transformation and make sure you aren’t leaving any customers behind.

Could you provide an overview of Stibo Systems’ mission and how it aligns with the concept of “better data, better business, better world”?

Our heritage extends far back, but we are a cutting-edge technology company. We specialize in delivering data management products that empower companies to make informed decisions, resulting in remarkable outcomes. This approach not only contributes to our sustainable growth but also supports our profitability, allowing us to reinvest and expand.

Our mission statement encapsulates our business ethos – one with a strong sense of conscientiousness. Our primary focus revolves around doing what’s right for our customers, employees and the environment. Customer satisfaction is at the forefront of our priorities, evident in our high software license renewal rates, a testament to our commitment to delivering top-notch products and services.

Moreover, we hold a unique position in the market as one of the few major companies headquartered in Europe. Europe is facing increasing pressure to embrace sustainable practices, and we are actively engaged in leading this transformation.

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

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Shaping the Future: Women Leaders Spearheading Generative AI and Marketing Innovation for International Women’s Day

Celebrating Women Leaders Shaping the Future of Marketing with Gen AI

“Inspire change” sets the tone for this year’s International Women’s Day theme. It’s a fitting reflection of the ever-evolving nature of marketing, where change is the only constant. The last third-party cookie has finally crumbled, privacy laws are tightening, and now, Generative AI is quickly ushering in a new era of innovation and adaptation.

With mounting research demonstrating that gender-diverse teams outperform their peers time and time again, we turned the conversation over to the exceptional women thought leaders who are at the forefront of shaping the narrative surrounding Gen AI and marketing.

Let’s dive into their insights and experiences:

Julie Shainock, Managing Director Travel, Transport & Logistics (TTL) at Microsoft

Shainock is responsible for developing Microsoft’s point of view and future strategy for our WW Travel and Transport Industry. She is focused on leading the airlines, hospitality companies, cruise and freight logistics and rail companies to driving innovation that will enhance the customer and employee journey, while driving increased productivity and cost reduction with the use of Microsoft’s technology and its ecosystem of solution partners.

Generative AI is set to revolutionize the Travel, Transport, and Logistics industries by delivering unprecedented levels of personalization, efficiency, and innovation. It’s not just about automation; it’s about creating intuitive, seamless customer experiences and unlocking new levels of operational efficiency. For organizations to tackle the full potential of GenAI effectively, establishing a clean data foundation and a clear strategic vision for desired outcomes is critical.”

Heather Roth, Director of Digital Strategy, Slalom

Roth has over a decade of experience in digital strategy and analytics, marketing technology, AdTech and marketing transformation for a variety of clients in all key industries, both midmarket and enterprise.

“The promise of Generative AI in marketing has brought forward the importance of data quality and having a strong data strategy. For years, marketers have operated around data owned by publishers, often piecemealed together in different platforms and spreadsheets. The ability to execute on Generative AI tactics is only as good as the data you put into it, which is really driving companies to focus on understanding what data is needed across the business to execute on AI-driven experiences and making investments in owning their data and building out higher quality data inputs. The investment in data maturity has accelerated by years in a matter of months.”

To Know More, Read Full Article @ https://ai-techpark.com/women-leaders-in-marketing-gen-ai/ 

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Navigating the Data Maze in Mergers and Acquisitions: A Guide to Seamless Data Integration

In the business world, when major companies decide to combine, it’s a big deal. These moves shake up the norm and can turn not only the organizations, but the entire industry on its head. But as the dust settles on the agreement, a new challenge looms large on the horizon: how to bring together two different sets of data into one without jeopardizing customer experience.

As a developer of a customer data platform (CDP), I’ve observed first-hand the challenges and opportunities that arise during these transitions where data is involved. In this article, I’ll share insights on why effective data integration is critical in M&A scenarios and outline best practices to ensure a smooth, efficient, and value-generating process.

The Dance of Data: A Merger’s Make-or-Break Moment

Mergers bring together not just the businesses themselves on paper, but also diverse customer groups and distinct corporate cultures. Combining these elements successfully requires well-orchestrated data integration. It’s this integration that allows businesses to grasp the complete landscape of a newly combined customer base. Understanding this landscape is essential—it empowers them to serve customers more effectively and unlocks the potential for strategic cross-selling opportunities.

As Bill Gates once wrote, “The most meaningful way to differentiate your company from your competition, the best way to put distance between you and the crowd, is to do an outstanding job with information. How you gather, manage, and use information will determine whether you win or lose.” That’s never more true than in the world of M&A, where data integration is the key to accessing operational synergies, amplifying strategies, and deepening customer engagement.

When Amazon bought Whole Foods for $13.7 billion back in 2017, it wasn’t just about absorbing a national grocery chain. It was a masterclass in merging worlds. Amazon, with its tech dominance and data expertise, brought Whole Foods into the future. They tuned into customer preferences with precision, streamlined store operations, and expanded Whole Foods’ customer base.

Once the merger was complete, the grocery chain began using data for targeted promotions and discounts to Amazon Prime members. It also shifted to a centralized model to better manage local and national products, and stores adopted a just-in-time approach for stocking perishable food, streamlining inventory, and ensuring freshness.

This example highlights the potential for data integration to accelerate business wins and tap into new audiences. But to make the most of the opportunity, there are several important steps involved.

Finally, by pinpointing potential risks, from compliance issues to data security, you’re not just planning for a smooth merger—you’re building a resilient, long-term data infrastructure. This is the path to successful data integration, one where clear goals, the right tools, impeccable data, open communication, and empowered people come together to create a whole that’s greater than the sum of its parts.

Data integration in the context of M&A is more than a technical challenge; it’s a strategic initiative that can significantly influence the merged entity’s future trajectory. A methodical, goal-oriented approach that prioritizes data quality, stakeholder engagement, and the use of sophisticated integration tools will serve as a foundation for success.

To Know More, Read Full Article @ https://ai-techpark.com/a-guide-to-mastering-ma-data-integration/ 

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Three Innovative Ways for CIOs to Enhance the Customer Experience in Modern Business

Over the last few decades, innovative technologies have changed the future of business dynamics. Therefore, every industry uses the latest technologies to move forward, and CIOs are responsible for driving such technological changes within organizations. According to Globe Research, it has been witnessed that more than 27.7% of digital transformation for better customer experience (CX) initiates are sponsored or owned by CIOs, which indicates the rapid change in customer expectations.

For a better understanding and deployment of innovative digital transformation, CIOs need to work closely with other C-suites and department managers to enhance the customer experience and gain a competitive advantage in this digitized world.

Innovate the Customer Journey

With the recent development of technologies, companies are accelerating their business to attract innovative services and retain customers looking for a better-personalized experience, fast and secure applications, or software. Further, the new applications enable dynamic online ordering operations, such as same-day delivery or pickup, which helps customers interact with the organizations instantly.

For a better understanding of the applications or software, CIOs and business leaders can come up with an entire customer journey strategy involving the front end and the back end, making sure the circle is completely connected. Let’s consider the example of Zara, a multinational fashion company that announced that they are closing their 1200 stores across the USA and will start investing in developing an integrated omnichannel journey that will cost more than $3.1 million. This revolutionary change will help e-commerce, the supply chain industry, software development companies, and inventory management companies take innovative steps and make proactive approaches to problems and opportunities to identify resolutions.

Digital transformation, especially to upgrade the customer experience, is a journey; therefore, CIOs must be ready to restructure their strategies numerous times so that they fit their business objectives and goals. However, to embrace such change, CIOs are required to collaborate with every business leader and employee in the organization to increase the speed of executing data strategies, improve the customer experience, and conduct continuous reassessment of the change management process.

To Know More, Read Full Article @ https://ai-techpark.com/3-innovative-cio-strategies-for-enhanced-customer-experiences/ 

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RobotLAB’s, Founder and CEO, Elad Inbar – AITech Interview

What is your vision for the future of robotics and its potential to further transform industries, education, and society as a whole?

Robotics has significant transformative potential. They will make industries more efficient and adaptable, introducing new business models and changing how sectors like healthcare and manufacturing operate. Robots can address challenges like elder care and urban efficiency.

They can also offer students hands-on learning, making education more tailored and effective. It’s not just about learning robotics; it’s about learning with them.

My vision for the future of robotics includes machines working alongside us, specifically in a more inclusive, equitable, and innovative world where technology amplifies the best of human capabilities.

Can you please provide a brief overview of RobotLAB and its significance in the field of robotics?

Since its founding in 2007, RobotLAB has provided turnkey robotics solutions to companies of all sizes in industries including foodservice, hospitality, banking, education, assisted-living, education, cleaning, delivery and hospitals. Our talented team of roboticists has effectively deployed thousands of robots that have provided businesses with a clear path to the successful and highly specialized integration of robotics solutions.

As labor becomes increasingly expensive and scarce, we help businesses harness the power of robotics to improve bottom-line and employee retention by reallocating routine tasks to automated technologies. Our team oversees all aspects of the robotics integration process – from sales, tailored programming, on-site integration and repairs – to ensure businesses can access and understand solutions that will dramatically improve their performance. To improve the availability of robotics access nationwide, we recently launched a first-of-its-kind robotics integration franchise opportunity in 40 U.S. states, with the remainder set to clear before the end of 2023.

How do you see the relationship between humans and robots evolving as technology continues to advance?

As technology advances, the relationship between humans and robots will become more collaborative. Robots are tools, designed to enhance human capabilities. As they become more integrated into our daily lives, they’ll be seen less as distant machines and more as extensions of our own capacities.

In education, for instance, robots will serve as learning aids, making educational experiences more personalized and interactive. In industries, they will work alongside humans, taking on repetitive tasks and allowing us to focus on more value-added activities.

Elad Inbar is the founder and CEO of RobotLAB, a unique company dedicated to making robots smart and useful in multiple industries, including education, hospitality, restaurants, hotels, assisted living facilities, etc. His current ventures in robotics and education have received wide publication and recognition in Time Magazine, The New Yorker, Tech Crunch, IEEE, NBC, Financial Times, Fast Company, CNET, San Francisco Chronicle and other media outlets. He shares his experience as a keynote speaker in many events such as SxSW, National Restaurant Association, Florida Lodging and Restaurant Association, and TCEA, ACTE, FETC and many others. Elad also sits on the Forbes Technology Council.

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How Chatbots Supercharge Business Efficiency

Chatbots, powered by artificial intelligence (AI), are fundamentally changing how businesses operate and enhancing productivity and efficiency. Chatbots are computer programs designed to simulate conversation with human users via text or voice. From simple FAQ bots to complex virtual agents, chatbots are automating business processes and transforming how companies interact with customers and employees. The industry is still at the nascent stage but holds great promise and potential for the future.

In this post, we’ll explore the key ways chatbots are improving business productivity and efficiency.

Driving Business Efficiency

As AI systems, chatbots continuously improve through machine learning. They utilize data from past interactions to deliver ever more accurate responses and perform tasks more efficiently over time. Natural language interfaces allow chatbots to understand context and intent, engage in complex dialogue, and complete tasks just as a human assistant would. Companies are leveraging the technology to come up with optimal marketing strategies with AI and chatbots.

From customer service agents to sales reps and administrative staff, chatbots are taking on roles humans performed in the past at lower cost and with higher consistency. They don’t need holidays, sick days, or coffee breaks.  For many routine, repetitive tasks, chatbots simply offer a more efficient alternative. Intelligent chatbots are providing tremendous ROI through increased productivity and cost savings. But there are still domains where chatbots can’t function properly. Human touch and help are required in the form of on-demand tech support for various things like cybersecurity, cloud, office printer setup, computers, and network help.

Transforming Customer Experience

Today’s customers expect ultra fast, personalized, and seamless experiences. Intelligent chatbots provide a superior level of convenience by serving customers anytime, anywhere at the pace they expect. With NLP and machine learning, chatbots analyze customer data and past interactions to make recommendations and tailor experiences to individual needs and preferences.

Chatbots are revolutionizing industries from e-commerce retail to banking and travel. They minimize wait times, reduce human errors, and allow staff to focus on higher value functions like complex problem solving and building customer relationships. By streamlining the customer journey, chatbots drive satisfaction, loyalty, and revenues.

From large enterprises to smaller businesses, chatbots are fundamentally changing how companies operate; enhancing productivity, efficiency, and the customer experience. By automating repetitive tasks and processes, chatbots enable staff to focus on more meaningful, revenue-driving work. With intelligent self-learning capabilities, chatbots will only expand their capabilities and business value over time. Its clear conversational AI is transforming engagement across industries, delivering tangible returns on investment, and driving competitive advantage.
To Know More, Read Full Article @ https://ai-techpark.com/impact-of-chatbots-on-business-productivity-and-efficiency/

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Interactive and Unified Holiday Customer Service Technology

In the ever-evolving world of retail, the holiday season presents unique challenges and opportunities for retailers. As consumer exertion surges, retailers have to be interactive with their customers, both online and in-store. To meet such demands effectively, embracing interactive and unified technology solutions is a strategic imperative for retailers to meet customers’ expectations and generate more sales. This article delves into the crucial aspects of interactive and unified technology in holiday customer service for retailers.

Proactive Message

Proactive order updates, delivery notifications, and personalized recommendations can be sent to customers via SMS, online messaging apps, or push notifications to keep them in the loop. This proactive approach builds trust and reduces unnecessary interactions, freeing up human agents for more complex issues.

Connect the Dots for a Seamless Journey for Unified Technology

Implementing a unified solution in retail streamlines operations enhances the customer experience, and optimizes resource utilization effectively. This section will delve into the practical steps for seamlessly integrating unified technology this holiday season:

Omnichannel Integration

Embracing an omnichannel integration strategy ensures a consistent customer experience across mobile applications, websites, and physical stores. A unified interface allows customers to seamlessly transition between channels.

Feedback Mechanism

Establishing a feedback mechanism to gather insight from customers helps in observing and experimenting with a unified solution to further refine it. With an adaptive approach based on the real world, this feedback is important for continuous improvement.

After learning about the types of interactive and unified technology solutions retailers can implement in their businesses, let’s further dive into how these technologies will help retailers this holiday season.

As retailers gear up for the holiday rush, embracing interactive customer support platforms and unified data management can change the customer service landscape. Investing in these solutions will ease the holiday rush and build long-lasting customer loyalty. So, as the holiday season approaches, these potential technologies will make your customers happy and orchestrate better sales and higher revenue.

To Know More, Read Full Article @ https://ai-techpark.com/interactive-and-unified-in-technology/

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AI Delivers Personalized Gift Recommendations for Retail Holiday Success

The holiday shopping experience has come a long way, from customers battling crowds of shoppers in a busy mall or market to the convenience of browsing online. Today, artificial intelligence (AI)-powered shopping solutions have changed the game entirely. Even retailers have embraced the competitive advantage of AI shopping, with the expectation that AI will drive their sales in the holiday season of 2023.

This article will discuss how retailers can excel in holiday sales with AI-powered gift choices.

Why Are Retailers Embracing AI Shopping?

According to a global survey, around 71% of retailers have embraced AI this holiday season with the belief that it will enhance the shopping experience for their customers, with 69% expecting AI to boost seasonal revenue and increase customer satisfaction. This optimization fueled the belief that customers will purchase more when AI is embraced by retailers. Let’s see why in-store or online retailers are embracing AI shopping with some examples:

AI Helps Enhance the Customer Experience

Thanks to AI, retailers can make the customer journey much more convenient and engaging. Customers no longer have to wait in long lines when they adopt the buy-online and pick-up-in-store concepts.

A great example is Zara’s AI robot, which elevates the in-store shopping experience. Zara introduced AI robots, which help customers avoid long lines and reduce their waiting time; rather, customers can buy the product online and visit the shop to pick it up. The robot further fetches the product from the back of the automated retail store and speeds up the in-store collection process.

AI Driving Sustainability in Retail

According to the IBM Institute of Business Value, around 84% of customers prefer sustainable brands, and AI has the potential to achieve zero-waste initiatives. This is a good example of on-demand manufacturing, where it not only solves the problem of personalization for customers but also leads to fewer returns and a decrease in CO2 emissions.

One of the best examples is that H&M Group has harnessed the power of AI to make fast fashion sustainable. In 2021, H&M launched the Body Scan Jeans pilot project, where customers could have their bodies 3D scanned in-store, enabling them to try different denim colors and styles virtually.  

To Know More, Read Full Article @ https://ai-techpark.com/retailers-excel-with-ai-in-holiday-sales/

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