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Is No-Code AI Really Worth The Effort?

By Walter Paliska

No-code, low-code & automation The idea of “no-code” software has become increasingly popular in a variety of fields. The world of AI and Machine Learning (ML) development is no different. Platforms that attempt to make the process of developing AI and ML models more intuitive, less “code-heavy,” and more ubiquitous are gaining in popularity. The challenge of developing AI and ML models is one that screams for no-code or low-code solutions. AI failure rates are notorious – whether it’s VentureBeat reporting 87% failure rates for data science projects in 2019 or Gartner reporting in 2021 that only 53% of AI projects make it into production – even in AI-experienced organizations. While there are many challenges to successfully moving from “experiments” to “ROI” in the world of AI and ML, one of the biggest obstacles is the sheer complexity of the development process. In the world of AI and ML development, “No-Code” and “Low-Code” solutions…

Top Industries Where AI Applications Are Creating Value (Part 2)

By Sachin Andhare

According to a recent Adweek survey, two-thirds of business executives say COVID-19 hasn’t slowed AI projects. Some 40% said that the pandemic even accelerated their efforts. While the economic activity and business sentiment has deteriorated over the past couple of months, the scope of AI has expanded, the biggest impetus being decreasing costs, improving performance, and increasing efficiencies. So which industry verticals are embracing AI and what are the top applications? In the previous post of this two-part blog series, we discussed how AI is transforming industries, enhancing performance across a wide range of applications in Banking, Fintech, Healthcare, and Industry 4.0. In this final part, we look at the remaining industry verticals along with top enterprise applications:Insurance: Mckinsey’s latest research report on the Insurance industry noted that in the wake of the global pandemic, the insurers should invest in digital and analytics capabilities to make them more customer-centric, simple,…