The fundamental elements of Artificial Intelligence, NLP and NLU are capturing industry hype these days. Since AI-powered bots can handle customer inquiries faster than any human representative, NLP shows great promise to the customer services industry. Over the last few years, businesses keep making attempts to jump on the bandwagon of AI innovation. Unfortunately, many of them […]
Today, more and more retail companies understand that, to stay ahead of the curve, they need to reshape their businesses, implementing tech-forward approaches and solutions. Data mining and analysis is a key for making a shift. According to McKinsey, data savvy retailers have the potential to increase operating margin by more than 60 percent. Companies […]
The success of a project-based business largely depends on the visibility the company has over its projects, the current level of their performance and, of course, the factors influencing their health and success. That is why the ability to have an extensive picture of the way these factors interact with one another is totally essential. […]
Today, businesses need to be able to predict demand and trends to stay in line with any sudden market changes and economy swings. This is exactly where forecasting tools, powered by Data Science, come into play, enabling organizations to successfully deal with strategic and capacity planning. Smart forecasting techniques can be used to reduce any […]
One of the things that excites us most about the predictive analytics of today is how quickly and bluntly it surpasses the existing benchmarks. Moreover, it penetrates the industries and activities where human creativity has traditionally dominated, adding a futuristic touch to music, fine arts, fashion or architecture. Following the popular trend, we, at ELEKS, […]
The last couple of years have seen a dramatic increase in the popularity of deep learning, an approach to artificial intelligence inspired by a human brain’s activity. To this day, deep learning models have introduced advanced solutions in the areas of computer vision, pattern recognition, natural language processing and other. According to Gartner, deep learning […]
Why Data Science? More and more companies today understand that human capital is one of the key factors influencing an organization’s ability to function efficiently in the long run. Objectively, identifying and assessing an individual’s ability to succeed or fail with future professional challenges is not an easy task. There are different ways that companies […]
The scope of data science solutions grows exponentially each day. It is not surprising if you think of them as tools designed to meet your specific business needs and optimize particular business processes. Data science helps companies make better decisions, and recommender systems help data scientists succeed in it. Recommender systems are tools designed for […]
Online advertising industry is bigger than you think The past decade has seen a huge growth in online advertising. It is an enormous industry with brands expected to pour over 30 billion of dollars in 2014. Online advertising provides companies with instant feedback and publishers more knowledge about their users. Advertisers are very interested in […]
