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Predictive maintenance (PdM) is quickly becoming a must-have for industries looking to avoid the headaches of unexpected equipment failures. Imagine a manufacturing plant where a critical machine breaks down suddenly, halting production and costing thousands of dollars per hour in lost output. PdM helps prevent these costly surprises by predicting when equipment might fail, reducing downtime, and keeping operations running smoothly. As more businesses realize the benefits of catching problems be

LLMs are enabling computers to understand and generate human-like text, making them indispensable in industries ranging from customer service to content creation. The global market for LLMs is expected to skyrocket from $1.59 billion%20market%20size%20in%20terms%20of,79.80%25%20during%202024%2D2030.) in 2023 to $259.8 billion by 2030, with North America alone projected to hit $105.545 million by 2030. The dominance of the top five LLM developers, who currently hold 88.22% of the market revenue,

Ever wonder why so many machine learning (ML) models never see the light of day? Despite their huge potential, only 32% of data scientists say their models usually get deployed. Even more shocking, 43% report that 80% or more of their models never make it into production. This means many businesses miss out on the full value of their AI projects. Imagine a retail company spending months developing a sophisticated customer recommendation system, only for it to never be implemented—losing out on p

Predictive analytics uses historical data and techniques like statistical modeling and machine learning to predict future outcomes. It provides accurate forecasts, helping organizations predict trends and behaviors from milliseconds to years ahead. The global predictive analytics market was valued at 14.71 billion U.S. dollars in 2023 and is projected to grow from 18.02 billion U.S. dollars in 2024 to 95.30 billion U.S. dollars by 2032, with a compound annual growth rate (CAGR) of 23.1% during

According to WEKA's 2023 Global Trends in AI Report, 69% of organizations now have AI projects up and running, and 28% are using AI across their whole business. This shows a big move from just trying out AI to making it a key part of how companies operate and succeed. However, this is just the beginning as the major point is not to have only AI but to have it work to your benefit. Organizations have to address various challenges such as the collection of data, hiring the right skills, and fittin

Computer vision (CV) is a part of artificial intelligence that enables computers to analyze and understand visual information, both images and videos. It goes beyond plain “seeing” an image, but teaches computers to make decisions based on what they see. The AI-driven computer vision market is experiencing rapid growth, rising from $22 billion in 2023 to an expected $50 billion by 2030, with a 21.4% CAGR from 2024 to 2030. This technology imitates human vision but works faster using sophisticate

Imagine a classroom where each lesson seems tailor-made for you, the course curriculum adapts to your pace, the materials are selected according to your interests, and even your questions! Sounds futuristic? With the integration of AI power into traditional learning management systems (LMS), it’s already becoming a reality. With AI, an LMS becomes a full-fledged learning tool, offering exceptional learning experiences that even underachievers would be amazed by. Learn more about smart and incred

In San Francisco, a city known for tech innovation, the OpenAI Developer Conference was a major event for the AI world. This conference brought together experts, developers, and technology leaders. Leading the event were Sam Altman, the CEO of OpenAI known for pushing boundaries in AI research, and Satya Nadella, the CEO of Microsoft, whose company has been a key player in advancing AI technology. OpenAI, under Altman's leadership, has been at the forefront of AI development, sparking curiosity