AI-enabled tools that will change the workspace in 2023

AI-enabled tools that will change the workspace in 2023

Artificial intelligence is here to stay and will redefine the way we work. 2023 might be a watershed year for the adoption of AI. By implementing AI systems, companies can save money and improve productivity. Some experts believe that artificial intelligence will increase global GDP by $15.7 trillion by 2030. But only if AI is implemented, integrated, and monitored correctly. Let’s look at some AI-enabled tools that can change the future of the workspace.


Implementing Intelligent Process Automation (IPA) for business operations

Intelligent Process Automation (IPA) technology uses artificial intelligence (AI) and machine learning (ML) to automate business processes. It focuses on improving the efficiency and effectiveness of business operations by automating repetitive tasks, analyzing data, and making data-driven decisions.  

Read More…

Budget 2023: Artificial Intelligence Can Propel Indian Economy To Greater Heights

Budget 2023: Artificial Intelligence Can Propel Indian Economy To Greater Heights

India is in the sixth position in the Global AI Vibrancy ranking and among the top 10 countries in technological advancements and funding in AI (Artificial Intelligence). This will be a year of advanced technology and artificial intelligence, and the industry is expected to reach $7.8 billion by 2025.

This growth and transformation are driven by the hard work of numerous technology enthusiasts who wish to see India in the top 3 ranks in the segment globally. The Aatmanirbhar Bharat campaign inspires them to innovate and experiment. AI can propel the Indian economy to greater heights. However, this growth trajectory needs a further push and the upcoming Union Budget is critical for defining the road map for the industry.

Below are a few crucial points that the Union Budget should focus on.

Create R&D incubators

Technology is built only by doing extensive research and development. We need national-level R&D centers that will promote research and academia jointly in the subject. It is important that the government pushes extensive research into disruptive technologies and provides them with guidance, funds, and facilities required to upscale the innovation level in the country.

 

Read More…

5 AI-powered tactics for navigating the recession

5 AI-powered tactics for navigating the recession

Companies can unlock the power of AI to navigate market challenges and drive productivity, accuracy, and growth while reducing costs

Here are some strategies that can help businesses survive a recession and sustain tough economic situation.

Real-time customer surveillance

The first requirement for any business is to build a loyal relationship with its customers and retain them, thereby avoiding customer acquisition costs. A study by Invesp found that increasing customer retention rates by only 5% can lead to a 25-95% boost in profitability.

To successfully measure customer sentiment, businesses need to find out a way for every customer-facing professional to see how often key accounts are being engaged with and by whom. 

Read More…

L&T technology services uses greneOS to deliver a zero touch innovation ecosystem.

L&T technology services uses greneOS to deliver a zero touch innovation ecosystem.

L&T Technology Services (LTTS) is one of the foremost engineering companies and part of the prestigious L&T group. Like any great engineering company, innovation is fundamental to LTTS. 

That’s why, we’re proud to announce that LTTS has chosen Grene Robotics to lead hyper-automation of their innovation platform. greneOS will power the entire innovation lifecycle by unifying all 22,000 stakeholders and resources into one single hyperautomation platform. These include LTTS employees, R&D labs, academic institutes, and partners. All processes in the innovation lifecycle, from validating the innovation idea to realizing the innovation, will happen through greneOS.