SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Importance of Proper data analysis and usage

Data is like an untapped stream of gold. If used properly, it can help any business to start climbing of the stairs of success real fast. History has plenty of examples like Hershey’s, Caterpillar, Vermont Electric Power Company and many more. These companies began to store, segregate and analyse their data. The data includes their operational activities, sales, purchases, monitoring employees, data about competitors and many more. Proper usage of this data can bring a digital transformation in the organisation. Data analysis often results in cut in operational cost. But its benefits doesn’t just limit till the cost cut. Data analysis can also show a path for revenue generation.

Read more at https://www.informationweek.com/strategic-cio/digital-transformation-turning-data-into-dollars/a/d-id/1332319

 

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Artificial Intelligence and Revolutions

Technical revolution is always an unbiased phenomenon but the human makes that positive or negative. After the mechanical revolution of the 19th century, AI is considered the next revolutionary phenomenon in human civilisation which will make a significant impact on technology and global socio-economic condition. AI’s decision making capability is still not highly advanced so AI can’t replace humans now. AI will kill some jobs and create some exciting jobs also. Technical innovation creates new opportunities and friends also. Read more at:https://www.entrepreneur.com/article/288956

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AI And Retail Shopping Experience

Retail stores has thousands of choices for fashion and the salesperson may influence you in your decision but with the help of AI and Machine learning your experience is going to more simpler and engaging.AI monitors the browsing patterns of any customer and give product recommendation according to that.AI powered chatbots can work more smarter and intuitively than humans. Machine learning in AI is improving product search capabilities on e-commerce sites.With the tremendous potential of AI, it can revolutionize the retail and e-commerce sector.Read more at: https://www.entrepreneur.com/article/296657

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The Importance of Bots

Bots are the update of apps and websites. Bots will improve the way we use mobiles and computers. Bots will make it easier and faster to get things done. Bots also solves the download problem caused by apps. For developers and businesses, bots dramatically reduce the cost, time of developing and marketing their services. Read more at: https://www.entrepreneur.com/article/278001

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