More than 2.14 billion global consumers are expected to buy goods and services online in 2021, according to Statista. That is up 29% from 1.66 billion digital customers just six years ago. This rapid change in shopping habits is driving retailers’ digital transformations and ever more advanced technologies. Many retailers have begun automating back office functions like claims processing, accounting and inventory management.
Though we’re living through a time of extraordinary innovation in GPU-accelerated machine learning, the latest research papers frequently (and prominently) feature algorithms that are decades, in certain cases 70 years old. Some might contend that many of these older methods fall into the camp of ‘statistical analysis’ rather than machine learning, and prefer to date the advent of the sector back only so far as 1957, with the invention of the Perceptron.
A few stories have emerged lately about how companies are having difficulty hiring enough people to fill key positions. These articles allege that automated talent acquisition (TA) or Applicant Tracking Systems (ATS) reject millions of candidates solely due to minor flaws in their applications such as gaps in their work histories, failing to meet a long list of exacting job requirements, or failing to use the language of the job description on their resume.
For many traditional, labor-intensive industries, the rapid digitalization of the world and the professional sphere is a situation that is difficult to embrace but one we must face. Digital transformation is usually a long and tough process. It requires a clear strategic vision, open-minded employees who are ready for change and sufficient digital-savvy workers in the company.
This article predominantly talks about testing as a distinct career option in data science and machine learning (ML). It gives a brief on testing workflows and process. It also depicts the expertise and top-level skills a tester needs to possess in order to test a ML application.
In today’s digital realm, businesses are in a race to compete with each other to improve their customer experience. Now the traditional financial system is replaced with an online banking system where all types of financial transactions are performed online. With technological improvements, a growing number of fintech platforms are turning to data analytics to better understand customer behavior and industry trends.
Compared to the previous generation, today’s generation of startups are increasingly cloud-centric. The previous generation of dotcoms had to suffer the economics and complexities of deploying, managing, and scaling their own servers, networks, and data centers. In contrast, today’s generation grew up in the just-in-time, pay-for-what-you-need, and scale-up-on-demand world that is cloud native.
The rapid growth of the marketplace and increasing competition require companies to make significant changes in the way they offer services and products. Companies that wish to remain competitive must keep an eye on technology development and adapt to any new technology if it becomes available. Each new cloud service provider in cloud computing contributes fundamentally to promoting growth and competition at the same time.
To start, DevOps is exactly what it sounds like — a combination of software development and IT operations that shortens the product lifecycle and delivers a higher quality operational performance, benefiting the company and customer alike.
Machine learning and artificial intelligence (AI) systems have long been touted as the future of medicine. A patient can walk into a doctors office, and after a quick scan discover their risk for a variety of diseases, and be given information on how to prevent them from occurring. Patients suffering from diseases like cancer can have treatment decisions made by an AI that can optimize care and maximize likelihood of survival.
