Dynamic pricing algorithms – justified or questionable The aim of dynamic pricing is to take advantage of the readiness of customers to make payments in certain situations for gaining increased profits and for applying discounts in other situations to generate growth.

Today’s reality is that pricing for almost all products and services has become real-time and dynamic. Dynamic pricing algorithms help in maximizing revenue from products and services as it correctly…

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Can AI be racist, sexist like humans? AI is built by humans and they learn to be racist, sexist and prejudiced just like a human baby does. Racism in AI and sexism in AI has been justified by the researchers at Princeton University and Britain’s University of Bath who have found out that machine learning acquires stereotype biases while acquiring information from the internet.

Artificial Intelligence converts words used in any language across the world into their equivalent mathematical form which sometimes creates bias. Racism in AI can be spotted from the fact that…

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How to efficiently use AI to become an industry leader Companies in the recent past have not only been using AI to become industry leaders for consumer centricity but also for increasing productivity and reducing labour intensive operations. Hence, the importance of AI for industry leadership has increased tremendously.

In today’s world, companies have been using AI to become an industry leader by replacing human employees with machines that can learn and correct themselves as they gain experience. AI…

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Our experiences with IoT in the O&G sector High functional costs, declining oil prices, and complex operations and services make the oil and gas industry a perfect case in the need of some breakthrough innovation. And IoT is doing just that!

As the global demand for energy rises, the oil and gas industry faces a wide range of challenges and opportunities, across the upstream, midstream, downstream, and oilfield services sector. The…

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