AI

What’s the Difference Between Accounts Payable vs Accounts Receivable

What’s the Difference Between Accounts Payable vs Accounts Receivable

When it comes to a company’s financial health, the accounts payable and accounts receivable are two of the most important aspects to look at. Accounts payable is what a company owes to its suppliers, while accounts receivable is what the company expects to receive from customers. Both are important in order to maintain a healthy…

How AI in contract management can increase revenue

How AI in contract management can increase revenue

Contract management tools can help businesses keep track of their contracts and improve efficiency. As a business grows, the number of contracts it has with customers and suppliers also grows. This can lead to administrative problems if not handled correctly. Contract management is the process of overseeing all of these agreements in an efficient manner….

What is Cognitive Automation? How It Can Transform Your Business

What is Cognitive Automation? How It Can Transform Your Business

The digital transformation of the workplace is upon us. What does this mean for your business? It means that the way we work is changing, and businesses need to adapt in order to stay competitive. One of the most important aspects of this digital transformation is cognitive automation. Cognitive automation plays a pivotal role in…

The Future of Finance Depends on AI and Unstructured Data – Here’s Why

The Future of Finance Depends on AI and Unstructured Data – Here’s Why

AI and unstructured data go hand-in-hand because AI is uniquely suited to help us make sense of unstructured data. Unstructured data is information that doesn’t have a predefined structure or format, making it difficult for traditional software programs to process and extract value from it. This includes things like text, images, audio, and video. On…

Machine Learning and Artificial Intelligence: How They’re Changing Our World

Machine Learning and Artificial Intelligence: How They’re Changing Our World

Machine learning and artificial intelligence (ML/AI) are terms that get tossed around a lot lately, sometimes interchangeably. They both deal with computers’ ability to learn from data without being explicitly programmed. But there is a big distinction: machine learning is mainly about analyzing past data to make predictions about future events, while artificial intelligence involves…

How Artificial Intelligence Can Improve Customer Experience

How Artificial Intelligence Can Improve Customer Experience

In a world where businesses are constantly competing for the attention of modern consumers, it’s more important than ever to focus on delivering a satisfying customer experience. And if you’re looking for ways to improve your customer experience (CX), artificial intelligence (AI) is your best bet. AI technology is growing more and more sophisticated every…

How RPA and AI are Changing the Financial Services Industry

How RPA and AI are Changing the Financial Services Industry

RPA and AI are changing the Financial Services Industry by automating finance processes. This is done by using software bots to automate tasks such as data entry, finance report generation, and invoice processing. Finance teams have used robotic process automation (RPA) for years to automate finance processes and improve the speed, efficiency, and accuracy of…

What Is Human In The Loop in Machine Learning? How Does It Work?

What Is Human In The Loop in Machine Learning? How Does It Work?

In the world of machine learning and artificial intelligence, human-in-the-loop (HITL) systems are becoming increasingly important. HITL is the process of combining the power of a machine or computer system and human intelligence to develop human-aware machine learning (ML) models. The HITL process creates a continuous feedback loop between human and machine, enabling the trained…