Understanding How Data Monetization Works Reimagining your data as a monetary tool has numerous benefits, such as increased competitive advantage, streamlined operations, the creation of newer revenue streams, amongst others. The practical examples of data monetization being used in various industries can be an eye-opener for many businesses that are currently not monetizing their data.

Data monetization is the process of using company-generated data as a monetary tool. In today’s day and age, data is a valuable instrument of power for organizations and governments worldwide,…

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How To Measure The ROI Of AI In Accounting AI possesses the qualities that make it a perfect fit for automation in financial accounting. It is important to quantify the results achieved by these qualities to get an accurate ROI estimate for AI in accounting.

Accounting is a function that demands extreme diligence, accuracy and analytical ability, all of which AI possesses in spades. While AI’s massive data processing capability has always been an asset…

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The Potential Of Chatbots In The Education Sector The ongoing pandemic has made remote lectures and assessments nearly unavoidable for professors and learners globally. While that may have introduced a few issues in the teaching process, specialized AI chatbots for education can quell many of them easily. Conversational AI promises to solve many administrative and teaching-related problems in the educational sector.

Online learning was always seen as an off-kilter, future alternative to regular, face-to-face lectures between students and teachers in schools and colleges. Then the pandemic arrived and flipped everything that…

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Are You Investing Or Wasting On AI In Marketing? Like most other business functions, marketing is an area that is no stranger to AI. However, with every business using AI for marketing, only those that use the technology purposefully to create meaningful outcomes will be considered winners in the race of tech adoption.

More often than not, the use of AI in marketing is limited to the mention of the term ‘AI’ itself as a buzzword to attract awe and attention. Beyond this,…

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How To Charge Variable Parking Rates To Boost ROI From Smart Parking Technologies such as AI and IoT play a key role in transforming your regular parking facility into a smart parking lot. The hardware and software tools powered by them also enable the strategy of variable pricing to be implemented in your smart parking facility without hassles.

Smart parking allows businesses and facility owners to increase their revenue streams in various ways. By installing AI, IoT and computer vision-powered tools in their facilities, owners can automate and…

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The Business Case For Using Computer Vision In Your Parking Facility Managing a parking facility can be headache-inducing for its owners for various reasons. To optimize things, AI, IoT and computer vision-powered tools can be used to transform a regular parking lot into a smart parking facility. The involvement of computer vision especially makes good business sense for facility owners.

The incorporation of tools such as AI and computer vision may seem like an unnecessary expenditure for parking facility owners. However, such owners must understand that AI will take over…

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