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  Fiction has created an awe-inspiring image of what  artificial intelligence  (AI)  is supposed to look like — sentient robotic beings, Asimovian creatures perpetually on the brink of rebellion. Through much of the 20th century, after the fundamentals of computational  technology  had already been established, the developer community struggled with what was then called fifth generation computers. And then, just as paragraphs on the fifth generation and AI were being purged from 90s’ textbooks, the plates shifted. In 1998, NVIDIA brought the GPU into the market and soon after, cloud computing followed. Torrents of data pouring in from the newly opened channels overwhelmed traditional data handling tools — refusing to be categorized, analyzed and utilized, thus giving birth to Big Data. Fast forward to 2006 and Google’s Geoffrey Henton, known for his work on artificial neuron networks, is talking about a big break which allows him to accelerate data analysis...

  With all the buzz surrounding the price rise of branded pharmaceutical drugs, the potential of biosimilars to offer the patients with reasonably priced choices has been widely discussed. Contentious views have been aired, supporting the fact that these drugs do hold promise, but that has not wavered the skeptics from being in a quandary. It’s been almost eleven years since the first guideline on biosimilars came into effect in Europe. Over the years, new regulatory norms have developed globally and biosimilars have garnered investments. On the other hand, commercial success has still remained elusive. There remain several questions around these bio-pharmaceutical drugs that continue to baffle the global healthcare industry- Can the stakeholders create the necessary conditions to drive future commercial success? Will these drugs really curb the runaway drug costs? The Paradox Biosimilars now stand at a critical inflection point, decked with both promises and questions. While the E...

  The  global manufacturing industry  is presently undergoing a transformational phase. A decade ago, product development used to be a discipline that required painstaking hours of designing, blueprinting and working collaboratively with people. Today, disruptive  technology  is facilitating faster turn-around times and fostering a culture of innovation. In recent times, major industrial sectors have visibly become more involved with how technology impacts the overall workflow. However, unlike other functions, manufacturing has seemingly struggled to keep up with the pace of this changing trend. Against this backdrop of transition, following are some of the impactful technology trends that are set to shape the industry going forward: Virtual-reality  for advanced simulation 3D simulation, which is already being employed at the engineering level is not a flight of fancy for the manufacturing sector. The transition, however, is its involvement in full-fledged...

With the 2016 Summer Rio Olympics opening ceremony having just taken place, it is indeed an opportune time to learn how athletes are increasingly using technology to up their game and performance! Sports technology, particularly — data analytics — has taken great strides recently and is making an impact on all kinds of sports. Technology is being used in several aspects of sports — from training, performance and fan engagement to  marketing  and broadcast — in various forms that include analytics, smart equipment and decision-making technologies. Technology not only enables in-depth analysis of the game and athlete’s performance, but it also helps decision-making by capturing exhaustive athlete, equipment, and game-related data, and produce detailed metrics that augment such analysis. While adoption of analytics in sports is among the top priorities, trends such as sensor-based tracking of player performance, fan engagement, digital marketing, and decision-making technologies ...

  We have all come across flashy headlines depicting the success stories of  e-commerce  companies- but that, is just one side of the story! Amidst all the fortunes, there lies the sting of returns, which has always kept the global  e-commerce industry  at its toes. Online shopping continues to expand, with revenues from the global e-commerce industry expected to reach USD 3.02 tn by 2018. But, with this surge in online purchases, comes the risk of increased returns. Key industry players estimate that almost 40% of apparels and 8% of electronic items purchased online during the last holiday season resulted in returns. Quite evidently, that accounts for almost 40–60% of the year’s overall returns. The story behind ‘Returns Guaranteed’ In the e-commerce industry, the priority is to deliver merchandise to customers as fast as possible. Thus, to successfully achieve same day or next day shipment objectives, the majority of the retailers are teaming up with express d...

  The  global automotive industry  is in a state of flux with markets like India and China driving growth. The annual sales figures in more mature markets are now at pre-recession levels, signaling a new beginning for this sector. However, this transformational phase is also laden with subtle uncertainties. The biggest challenge that the industry needs to overcome this year is the unevenness of the  global markets  resulting from turmoil in stock market levels, license restrictions on new vehicles, stringent emission controls and so on. A brief look back In 2015, the sector witnessed positive numbers from the mature markets, though the performance of the emerging markets marred the overall figures. While Brazil, the seventh largest automotive market in light vehicle sales was all smeared up with serious economic recessions, Russia was suffering from the impact of sanctions levied by the international community after it invaded Ukraine and Crimea. The picture was...

  When browsing a library for a book it becomes convenient if they are arranged alphabetically and categorized per genre. The same convenience is a requisite when showcasing your products across various e-commerce platforms. With an array of similar products available on e-commerce websites, it is pivotal to display your brand perfectly to steal your prospective customer’s attention and convert them. Here’s where product catalog optimization comes into play. According to data gathered on customer engagement, a potential customer visits 20 web pages before conversion. However, the overall session time per webpage has dropped to  -7.5%  over the years. Therefore, it is necessary to accurately sort and label your products with the right images and error-free descriptions to ensure quality product catalog optimization. An optimized catalog helps customers find the product they are looking for quickly, thus improving customer satisfaction. Intelligent content audit platfo...

  Insurtech revolution in the US has been phenomenal over the past few years and the technology has been able to meet the evolving customer requirements. The insurance market across the globe is huge, with the US insurance space being one of the largest as far as premium contribution is concerned. The intersection of insurance and technology has helped in simplifying claims processing, lead conversions, and much more and has overhauled traditional processes as well as legacy systems. It is noteworthy to mention that the COVID-19 pandemic has also contributed to the growth of the insurance tech space, emphasizing the significance of innovative solutions that emerged relatively late in the sector.  As of 2021, the U.S. insurance industry was valued at USD1.4 Tn (in written net premiums), with life and annuity insurers accounting for 52%, while property and casualty accounted for the remaining 48%. Case in point, the global insurtech market size was valued at USD5.45 Bn in 2022 a...