Published inILLUMINATION’S MIRROR·Nov 21What Is Text Mining, and How Does It Enable Businesses to Benefit from Unstructured Data?Unstructured data accounts for 80% — 90% of all new data generated by enterprises, and text mining is the technique that will help you put it to use. Many businesses can already manage their structured data, but what about the insights hiding in free-format text? Unstructured data is the data…Text Mining10 min readText Mining10 min read
Published inILLUMINATION’S MIRROR·Nov 17The Pros and Cons of Generative AILet’s be fair: generative AI is no longer just a buzzword. It’s a game-changer that enterprise executives and entrepreneurs cannot overlook. Not even a year has passed since many of the famous Gen AI tools debuted, but work environments have already undergone a substantial change. Back in August 2023, McKinsey…9 min read9 min read
Published inILLUMINATION’S MIRROR·Nov 13Generative AI vs. AI: Choosing the Right Technology for Your BusinessArtificial intelligence (AI) is a broad term that encompasses machine learning, natural language processing, computer vision, robotic systems, and, since recently, generative AI. As generative AI is evolving fast, businesses are trying to understand which benefits they can gain from the technology, what the difference between AI and generative AI…Generative Ai11 min readGenerative Ai11 min read
Published inILLUMINATION’S MIRROR·Oct 31Top 5 Generative AI Use Cases in BusinessThe term “generative AI” (Gen AI) refers to a type of artificial intelligence that is capable of creating content at a level comparable to humans. To accomplish this, Gen AI solutions learn to identify patterns, structures, and features in the vast amount of data they have been trained on. …Generative Ai Use Cases10 min readGenerative Ai Use Cases10 min read
Published inILLUMINATION’S MIRROR·Oct 11Generative AI for Supply ChainJust recently, a complaint was filed against Volkswagen, BMW, and Mercedes Benz with the German Federal Office for Economic Affairs and Export Control, as the companies failed to spot unethical practices in their supply chain. …Genai10 min readGenai10 min read
Published inILLUMINATION’S MIRROR·Oct 115 Ways to Use Generative AI in RetailIf you’re thinking about what industries will benefit from adopting generative AI solutions the most, retail might not be the first sector to cross your mind. However, a new report from Salesforce states that 17% of buyers have already used generative AI for shopping inspiration! Specifically, users turn to large…Generative Ai7 min readGenerative Ai7 min read
Published inILLUMINATION’S MIRROR·Sep 26What Businesses Should Know about Large Language ModelsFrom shaping stories to simplifying complex articles to engaging in conversations that feel genuinely human, large language models (LLMs) are driving a new era of AI. In this article, we share our decade-long experience as an AI software development firm and dive into the world of LLMs, unraveling their innards…ML8 min readML8 min read
Published inILLUMINATION’S MIRROR·Sep 21Machine Learning Costs: Price Factors and Real-World EstimatesRecently, we published an article shedding light on the costs of developing an AI solution. In this blog post, we will focus on one of AI subsets, machine learning, and estimate how much it costs to train, deploy, and maintain intelligent algorithms. To keep it practical, we sat down with…ML10 min readML10 min read
Sep 21How Much Does an MVP Cost in 2023?MVP pricing depends on many factors, including MVP’s audience, target industry, intended platforms, technologies applied, team composition, and more. Drawing on examples from our portfolio, we can say that developing an MVP can cost anything from $50,000 for a web app with an open-source AI engine to $100,000 and more…MVP11 min readMVP11 min read
Published inILLUMINATION’S MIRROR·Sep 6Top Generative AI in Healthcare Use CasesPwC predicts that healthcare costs will go up by 7% in 2024. This increase is primarily attributed to healthcare workers experiencing burnout, the subsequent workforce shortage, disputes between payers and providers, and inflation. …Generative Ai Use Cases9 min readGenerative Ai Use Cases9 min read
