How Businesses Leverage Artificial Intelligence to Succeed

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Even the every small change that artificial intelligence is making today is becoming a buzz word in the business world. Investment in AI is growing, but the surprise is most of them are coming from organizations outside the tech space. Amazon yields operational efficiencies leveraging its AI-powered Kiva warehouse robots, which looks absolutely fantastic. General Electric uses the same technology to reap more productive performance from its industrial equipment, where GE’s main focus is on predictive maintenance.

This path-breaking happenings have been efficient enough to penetrate the C-suites of organizations across the world. But what the makes the things tough is its effective and profitable implementation that is holding companies back from starting to work on pilot projects. The survey conducted by McKinsey & Company that brought in 3,073 C-level executives from various industries revealed that how they have tasted AI success, what were their strategies and what are their future initiatives on AI. The survey made 160 case studies across 14 sectors and 10 countries part of it. With a separate digital research program, along with the survey, M & C identified 10 key insights that CEOs need to know to venture out on a successful AI journey. Here we’ve made them into 4 to keep the things short.

4 Key Insights Extracted from the Survey that can Help AI-aspirant CEOs

  1. AI has just begun – so there is a huge scope for achieving first-mover advantage

It’s true that corporate adoption of AI technologies is still crawling. The total investment in AI reached $39 billion in 2016. Despite this level of investment, AI adoption is still in nurturing stage. Only 20% of survey respondents are using one or more AI technologies in their core business area and half of them are using three or more technologies. The major technologies that were part of their AI initiatives are robotics and autonomous vehicles, computer vision, language, virtual agents, and machine learning.

But this is good news for companies (41%) who are still on pilot projects. But the most dominant technologies among the adopted technologies are neural-based machine learning and natural language processing. They are now getting mature and proving their value, which is leading them to become centerpieces of AI technology suites among adopters. The study predicts that a majority of current AI piloters would fully integrate AI in the near term, regardless of sectors and domains. Telecom and financial services would continue to lead the way, with respondents in the survey who belonged to telecom and finance expected to add 15% more investment to their existing spending for every coming year, which is 7% higher than the cross-industry average.

  1. They achieved revenue increases

30% of respondents were able to achieve revenue increases with AI adoption. They used AI in an effort to gain market share or expand their products and services. Furthermore, they expect to increase their profit margin by up to five points more than industry peers. A separate analysis made on the same respondents’ efforts uncovered the facts that AI is already directly improving profits, providing the nearly same percentage of ROI that other trending technologies like big data and advanced analytics are bringing out.

  1. AI transformation happens only when there is a support from leadership

AI transformation happens only when there is a support from leadership

The companies (part of the survey) who have tasted AI success were being backed by strong executive leadership with support for the new technology. They said AI success is not possible without the support of C-level officers and the board of directors.

  1. You don’t have to go alone – get the help of experts in the field

Yes, this is absolutely right. This is where AI-aspirant companies need to think more and more about. With still researches are going on and the AI has just started to pick up, there is a lack of right skills. Even tech giants like Google and Amazon are looking beyond their premise to find the right venture that have got expertise in AI, instead of building their own team. Google’s acquisition of DeepMind well justifies this statement. DeepMind helps Google optimize its search engine capabilities with its machine learning capability.

Coming back to the survey, a majority of respondents bought the right fit-for-purpose technology solutions and only a minority of respondents built their own team.

Conclusion:

It’s the time think out-of-the-box. The next digital frontier is here, and it’s AI. While some firms are still being driven by previous digital disruptions, forward-thinking businesses are keen to adopt trending technologies like AI that offer a sheer competitive edge. But make sure while you’re not developing and implementing AI solutions in-house, collaborate with right AI partner who has the vision of future.

Looking for an AI partner?

Let FuGenX help you. FuGenX Technologies is a Deloitte award-winning technology services company, with proven expertise in building solutions on AI, machine learning and deep learning, with expert data scientists, machine learning and AI experts.

Please reach us at info@fugenx.com or fill up the form now.

How Artificial Intelligence Can Help Retailers? Interesting!

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There is no doubt that Artificial Intelligence (AI) has been making game-changing impacts in the business world. Today businesses, especially retailers, regardless of size and vertical, are increasingly ardent to build AI solutions. In fact, they need it requisitely as competition is skyrocketing and consumers are more attracted towards online offers.

A few weeks back, when FuGenX decided to add more services to its AI service portfolio, it conducted a series of deep researches across industry verticals to find which industries have more pain points that can be solved by our cutting-edge AI solutions. Expectedly, the retail was in the top of the list. Since they are a consumer-centric business, today retailers need to build more linear customer experiences that are mainly possible through personalized offerings.

How all these things can be achieved? Yes, artificial intelligence today has solutions for all the pain points of retailers, including solutions to improve in-store operations and workforce productivity.

6 Ways Artificial Intelligence Can Transform Retailers

 

  1. Personal Shopping Assistants

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Big data along with natural language interfaces and machine learning have been creating mammoth opportunities for retailers to understand what exactly customers are looking for, what works and what doesn’t. Personal shopping assistants powered by these technologies are used to create a near human interaction. They can be much quicker and accurate when it comes to assisting shoppers.

The fashion retailer North Face uses a platform and bot that helps customers on mobile find their preferred products when they are in the store. Other known bots in the retail industry today that are bringing huge benefits to their owners are Sephoras Chabot and the personal shopping assistant developed by Spring, an e-commerce company that connects retailers and shoppers. When needed to build such kind of apps, large firms always prefer the best mobile app development company or chatbot development company or AI development company who has a sound understanding of trending technologies.

  1. Staff Optimization

Physical retailing is heavily staff-driven. Poor staff can be a reason to reduced sales and damaged brand image. AI-powered predictive modelling helps retailers eliminate this hassle. This gives them an ability to access historical data like footfalls, customer interactions, and approach shown towards the customers, so they can use this measure to optimize staff. The optimized staff can help gain greater sales, deliver improved customer experience and achieve higher customer retention rate.

  1. Store Foot Print Optimization

Most retailers fall into ambiguity when they need to open a new store in a particular location, being unable to understand opportunities and challenges hidden in the location. But in the recent years, AI powered algorithms have been heavily used in this area to have a better understanding of the location. Algorithms give retailers an idea on which is the best location for their products or brand, or should that be opened or not in the intended area. This intelligence is gained from analyzing the historical data like demographics, the local market, distance from competitors, nearby events and current data like weather patterns. So retailers can easily measure the viability of their expansion planning in the desired location.

  1. Optimization of Supply Chain

Supply chain management is one of the most important areas of retail that has a direct impact on the performance of any retail business. It is a well-known fact that excess inventory causes cost burden and stock outs can stimulate customers to look towards competitors. This is where AI-powered prescriptive demand models help retailers eliminate this pain point. In order to predict accurate demand and supply forecasting, prescriptive demand models regard past sales of different products, events, marketing campaigns, and seasonality etc. So retailers can easily optimize logistics and enable an effective use of operational funds.

Conclusion:

Yes, AI has begun to change the face of the retail irrevocably throughout the retail value chain. So forward-thinking retailers are finding enormous opportunities to achieve a competitive edge, by transforming customer experience and in-store operations.

Need Help to Build AI Solutions for Your Retail Venture?

Collaborate with the world’s leading AI company FuGenX. FuGenX possesses expert and experienced data scientists, AI and machine learning experts to build cutting-edge retail AI solutions.

Please reach us at info@fugenx.com.

How Artificial Intelligence is Enabling Mobile App Personalization

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How Artificial Intelligence is Enabling Mobile App Personalization

How AI is Enabling Mobile App Personalization?

A few months back, when we decided to add more services to our AI service portfolio, we conducted a series of deep researches across industry verticals like retail, e-commerce, and healthcare. Our goal was mainly to discover the pain points of businesses in the respective industries that can be cured by AI. When we studied the already defined AI solutions in the market developed by some AI companies, what we realized was most of the solutions were mobile-centric, from chatbot to personal assistant. Yes, mobile is still the center of the solution building of many AI initiatives.

On the other hand, artificial intelligence has evolved from being a nice-to-have solution to business critical solution. In fact, it has been one of the hottest topics in both business and science since Google (Google Home), Amazon (Echo and Alexa), Apple (Siri) and other tech giants unveiled cutting-edge AI products.

This post will provide you ideas on how artificial intelligence is enhancing the mobile experience and how businesses can leverage it to take customer experience to the next level.

The Basics: What is Artificial Intelligence?

Artificial intelligence (AI) is an area of computer science that focuses on to create intelligent machines that work and react like humans. Artificial intelligence solution is a method of adding intelligence to machines, so they can get done the tasks on their own, more quickly and more accurately. The real meaning of artificial intelligence is justified when the machines are able to perceive information and hold it as knowledge to be applied towards adaptive behaviors within a context.

In case of human, he uses natural intelligence, but in case of machines, they use artificial intelligence created by humans.

AI is a combined form of capabilities such as machine learning, natural language processing, knowledge management, and machine vision.

What’s the difference between AI, Machine Learning, and Deep Learning?

Machine learning is a subset of AI that enables machines to learn without being explicitly programmed and makes them adapt when exposed to new data.

Deep learning is a branch of machine learning, associated with algorithms that are inspired by the structure and function of the brain called artificial neural networks. The algorithms can understand concepts more deeply and act more intelligently. Many recently conducted AI experiments are based on deep learning and that were used to mimic the layers of neurons in the brain, forming an artificial neural network. You may have heard of Google’s acquisition of DeepMind, a British artificial intelligence company founded in September 2010 and that works on the same principles.

Artificial Intelligence in Mobile

Artificial Intelligence in Mobile

AI is broad in its market and applications. We can compare it to ocean. When it comes to the context of mobile, it can be embedded into chatbots, personal assistants, and business assistants. So, many companies are adopting artificial intelligence to deeply engage and retain their customers.

Last year, the research and advisory firm Gartner predicted that intelligent apps will be one of the top ten strategic trends for 2017. In fact, it has been possible as well, with the reputed travel companies like Kayak and Skyscanner, the real estate companies like Apartment Ocean and Nowy Adres S.A. and many e-commerce companies developed their own chatbots to enrich customer experience.

Intelligence apps are also increasingly developed for every category of enterprise mobile apps. Gartner predicts that 200 of the world’s largest companies will have developed intelligent apps within the next year.

Artificial Intelligence for App Personalization

Consumer-centric businesses today are developing mainly two types of AI-powered applications: chatbots and AI-powered mobile app. The American coffeehouse chain Starbucks announced a new AI-powered mobile app called “My Starbucks Barista.” Users can just tell what they want through voice search and the app itself places the order. The fast food chain Taco Bell’s TacoBot doesn’t just place the orders, it also answers questions and recommends menu items.

Compared to any other gadgets, smartphone appears as the more relevant platform for AI, with varying array of personalization capabilities. Since smartphones are aware of user location, offer anytime, anywhere accessibility convenience, and being a close companion of humans that helps in learning users’ behavioral patterns, integrating AI into apps makes it even more relevant and personalized.

How Will Mobile AI Impact Businesses?

The retail giants such as Amazon and Flipkart have already reaped the benefits of AI mobile apps to some extent. Just think about Amazon’s product recommendations that you see while accessing their app. Yes, that’s AI. AI has been making businesses smarter from many years.

With the increasing business competition and skyrocketing consumer demands, AI mobile app development is becoming the next big thing in retail, e-commerce, and telecommunication. AI helps them deeply engage users, providing more incentive to use their services. Amazon has already been successful in this area, bringing Amazon’s Prime delivery service and Echo together.

AI and machine learning-driven apps are able to collect data through point-of-sale machines, online traffic, mobile devices, and more. Forward-thinking businesses are more eager to develop such apps to redefine their personalized offerings.

The growth of artificial intelligence is offering a whole new range of possibilities for companies who want to develop app for their business. From intelligent apps that enhance customer experience, to chatbots that assist customers in every step of buying cycle from choosing product to making payment, AI is promising first-mover advantage for retail and e-commerce businesses.

Conclusion:

The innovations that tech giants are bringing out are creating a new set of opportunities for businesses, where AI-driven mobile app development is the easiest one to achieve a competitive edge. Decide your AI partner today and redefine your digital strategy.

Looking for AI partner?

Let FuGenX help you. FuGenX is among the fastest-growing artificial intelligence companies on the planet, offering cutting-edge AI services and solutions, from chatbot development to the development of custom-built, industry-specific AI solutions.

Connect with FuGenX at info@fugenx.com now.

Mobility to Improve Patient Care and Productivity. How It Works?

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These are the Best App Strategies to Leverage Mobility to Improve Patient Care and Productivity in Healthcare!

Health is wealth, there is no doubt in that. So everyone wants their health be steady to enjoy the increased life span. Technology is a revolutionary term that helped multiple industries and million people improve their health and do better. Healthcare is not exception of that, which in reality is one of the most benefited industries of technology.

We have been seeing getting a doctor appointment through the app since this habit started in the 21st decade. But now mobile apps usage in healthcare went beyond the appointment. There are plethora of opportunities created by mobility that hundreds of healthcare organizations leveraged to improve patient care and productivity. Let’s what are those opportunities and how healthcare organizations can make use of them:

Apps for monitoring patient health

With the monitoring app, doctor can keep an eye on the symptoms or varying behaviour of a patient remotely. For example, a patient can use app to take an ECG and share that results with the doctor. And also doctors can use monitoring apps to have telehealth capacities, one of the most popular options in healthcare today. A recent study shows more than a fifth of all doctors use health apps to monitor patients remotely.

Apps for clinical assistance

Clinical assistance apps have multiple advantages. This app allows doctors to check EHRs or access lab results during the appointment. The doctors can also use this app to illustrate the health condition of the patient with the diagrams of key organs and the nervous system, which helps them make patients well understand the disease level.

Reminder apps

This app helps to remind patients about appointments or when to take the medicine. It even helps to remind patients about vaccinations that they need to take in a timely manner. Reminder app is generally a part of larger app or EHR package. It can also be developed as an independent app to provide better patient care.

Database/reference Apps:

It has been in the industry from many years. This app allows doctors to look up drug dosages for symptoms that they prescribed before. It avoids patients bringing a set of prescriptions, and also helps the doctors screen the current and previous condition easily.

Health tip apps:

Health tip apps are focused on patients. This app provides them with regular fitness and diet tips that can help them keep the health in condition by avoiding pestiferous food habits and other bad health habits. Indirectly, health tip apps help hospitals achieve patients’ trust.

Communication apps:

Communication apps allows doctors to communicate between the departments, facilities, and for interoperability, which finally results in better patient care. With this app, a doctor can securely send information about a patient to a specialist at another facility. This helps to achieve more efficient workflow in the medical practice, building a collaboration between doctors and doctors, nurse and doctors, and departments and departments.

Hospital information apps:

This app is patient focused. With this app, patients and their family members can get general information about the hospital facility, lists of available doctors, hospital services and amenities. This app also helps patients find the location of the hospital with integrated map.

Super Apps:

As its name suggests, super apps are super in their functionality. These apps could access and analyse information from multiple connected health devices at the same time. This app concept is nearly similar to Google Fit and Apple HealthKit.

Patient portal apps:

Patient portal apps give patients mobile access to their own electronic medical records (EMR). This helps patients analyse overall treatments they took for a particular disease in different hospitals or from different doctors.

Which age group patients prefer health apps more?

From 2014, health and fitness apps usage has seen 62% growth. People above 25 are more interested to use apps for multiple health purposes, especially for connecting with doctors, and getting health and fitness tips. And, Medicare and military patients have also shown increased interest in health apps. For senior citizens, health apps have become a close companion.

Challenges in adopting Health Apps:

According to a recent statistics, two thirds of physicians are still hesitant to suggest their patients using apps. The reason can be their lack of knowledge in using the apps that are built with different technologies. Also they might be worry about the influx of patient data that they think difficult to manage. So to avoid this, it is hospital’s IT department’s responsibility to train the doctors to understand the apps’ functionality.

Surprisingly, a large number of physicians in US and UK hospitals have already been using mobile capability included EHR systems. And, half of doctors in USA use either patient portals or other secure messaging systems to communicate with patients. A recent study on apps usage in healthcare has shown that 80% of nurses, doctors, and physicians assistants prefer to use smartphone app for patient education. On the other hand, half of clinical workers prefer to use tablets professionally.

Do mHealth apps really create a positive effect on patients’ health?

In a global healthcare report, it was found that some individual doctors saw a significant positive effects in their own practices and patients health by using mHealth apps. Dr. Mark Granick at Rutgers New Jersey Medical School was one such among them who got 100% accuracy in telehealth consultations about plastic surgery emergencies using the iPad app. Granick concluded the app is greatly helpful for communication in emergency consultations and also it can be used for research as well. The app facility also allowed Granick to observe how mHealth apps ease the communication between doctors and facilities.

Being a one-stop place for patients to keep certain health data and for their doctors to access that anytime, mHealth apps are allowing doctors to take quick and better decisions, which is directly making difference in productivity.

How you should be careful about inaccurate or fake apps?

It is wrong if you believe all the mHealth apps in the market are providing genuine health information. Some companies develop apps just for advertisement profit. So before suggesting any app to their patients, doctors should well check the apps’ information quality. Better, hospitals should develop their own apps for effective healthcare, with increased efficiency and genuine patient education.

Future of mHealth Apps?

mHealth apps are already prevalent in all major hospitals of the world. The upcoming year will see the introduction of super apps that would take the healthcare system completely to the new level. Now, adopting the Mobility in healthcare has been a requisite for healthcare organizations to achieve better patient care and workforce productivity. And even it is important to stay competitive in the industry. If you’re a healthcare professional, now it is your time to adopt mobility if you’ve not already done so. Your competitors may already have done so!

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Want to develop mHealth apps to take your Healthcare to the next level?

If yes, FuGenX will help you how you want it, exceeding your expectation. FuGenX is a Deloitte award-winning healthcare app development company in USA, UK, and India. We at FuGenX develop apps with the assistance of respective administrative health departments and health industry experts. Multinational pharmaceutical company AstraZeneca, ONGLYZA, KOMBIGLYZE XR, and BRILINTA are prominent healthcare companies who got benefited from our disruptive Healthcare Mobility Solutions.

Vitamin D Calculator is a health education app developed by FuGenX, which assists parents of young children in estimating their child’s daily intake of vitamin D from foods, multivitamins and casual sun exposure, and many other highly successful health apps. We can help you develop a dedicated app for each objective that are mentioned above or app solution to integrate all apps in one system to reduce costs and for better accessibility.

Let us help you leverage Mobility to improve your patient care and productivity by reaching us at info@fugenx.com or filling up the form.

Why Increased Demand for Mobile Game Development Companies in India?

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Why Increased Demand for Mobile Game Development Companies in India?

You might get surprised. According to the mobile app store marketing intelligence firm Sensor Tower, out of 48,231 new apps released last May, 20,958 apps were games. Its successor (education, 2472) not even reached to the 12% of it.

growth of game strategy

In fact, gaming today has turned a mainstream source of entertainment for families, regardless of gender and age. This paradigm shift is mainly due to smartphone revolution. We can agree this undeniably.

Any successful game is an ultimate outcome of a highly effective GDLC (game development life cycle) that encompasses diverse steps such as game concepts development, scripting, programming, character design and creation, animation, level creation and testing. The cycle is further divided into 3 different stages, pre-production, production, and testing.

Pre-production covers all the artistic activities, such as concept art creation, game design and prototyping. But the real yet challenging work comes in Production phase, which includes the creation of actual game assets, level creation and programming. Even Testing is also a big challenge for game developers, where they have to test game for a wide range of formats, platforms, carriers and handsets. Some companies would have separate teams for porting and testing.

Games today are also so exciting, with scintillating graphics, top-notch quality, presentation and realism. However, this increase in quality and variability often leads to higher development costs.

The increasing cost of mobile game development and the need of talented developers is pushing companies to routinely outsource their game development requirements to countries like India where there is a highly talented workforce but relatively low costs as compared to the west.

Apart from cost and talent conveniences, outsourcing mobile game development to Indian companies allows to get quality games. India has some of the best creative talents in the world who are capable enough to meet international standards.

Most of the game development companies in India have their own state-of-the-art game studios. Among them, many hire mentors in the US to guide art teams in India for better outcomes and developing special proprietary games that are able to meet the expectations of global user base.

The biggest indicator that shows the growth of the Indian gaming industry is NASSCOM’s report. According to it, the Indian gaming industry is close to $ 890 million. I

In fact, the global gaming market is led by the emerging markets in the Asia Pacific region that is estimated to occupy a leading 37.9% market share in 2016, where the Indian gaming industry claims more than 50% of the market share with talented developers.

The Indian gaming industry has been strengthened by some serious game training institutes that offer specialized courses in game design and 3D art. There are more than 100 such institutes offering game designing and 3D art courses from basic to expert levels.

Conclusion:

Talented Indian game developers, affordability, and high quality have increase demand for mobile game development companies in India. As a result, most of the world’s most popular online games have been developed in India.

Need Help to Develop Game?

FuGenX can help you. FuGenX is a three-time Deloitte award-winning global technology services company, specialized in game and mobile application development. Many top 10 downloaded and revenue-generating games on iOS, Android, and Windows platforms. This is what FuGenX’s contribution to the game world. Including Unity and Cocos, FuGenX holds proven expertise in all contemporary game engines, tools, technologies and resources to develop game-changing games.

Please reach us at info@fugenx.com or fill up the form.

The Future of Robotics: What Does it hold for 2017 and Beyond

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What would be the future of robotics? It’s miscellaneous. Powered by dynamic innovations in the field and trending technologies such as machine learning and artificial intelligence, robotics has been a mainstream topic in all industry verticals. Robotics is expected to differentiate operations and activities in both business and day-to-day life.

Research firm International Data Corp (IDC) predicts that 35 percent of leading organizations in logistics, health, utilities, and resources will automate operations by 2019 by leveraging robots.

Research director of worldwide robotics at IDC Asia/Pacific, Jing Bing Zhang said “technological development in artificial intelligence, computer vision, navigation, MEMS sensor, and semiconductor technologies continue to drive innovation in the capability, performance, autonomy, ease of use, and cost-effectiveness of industrial and service robots. Robotics will continue to accelerate innovation, thus disrupting and changing the paradigm of business operations in many industries”.

IDC’s Manufacturing Insights Worldwide Commercial Robotics program recently brought out the list that unveils 10 predictions for worldwide robotics for 2017 and beyond. The list holds some interesting forecasts, if they become possible, we will be able to see a considerable impact on business and society. The list overlooks on both opportunities and challenges.

1. Evolution of robot “as a service”:

By 2019, around 30 percent of commercial service robotic applications will be turned as a robot-as-a-service (RaaS) business model. This benefits organizations in cutting down the cost for robot deployment.

2. Upsurge in chief robotics officers:

By 2019, 30 percent of large organizations will have chief robotics officers or they will define a robotics-specific function in their business strategy.

3. Rise in robotics deployment vendors

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There will be a more choice of robotics deployment vendors by 2020.

4. Robotics-related job streams:

By 2020, robotics will create around 35 percent new job streams, and the average salary is expected to see 60 percent hike.

5. Robotics-specific regulations:

By 2019, there would be robotics-specific regulations to protect jobs and to handle security, safety, and privacy concerns imposed by government entities.

6. Increase of the software-defined robots:

By 2020, 60 percent of robots will be driven by cloud-based software which helps in defining new skills, cognitive capabilities, and application programs. This could be a stepping stone to form the robotics cloud marketplace. And that may also create a new market for mobile app development companies and other software-specific firms.

7. Hike in collaborative robots:

It is predicated that around 30 percent of all new robotic deployments will be smart collaborative robots in 2018. They perform three times faster and better than today’s robots and are human friendly.

8. Introduction of Intelligent RoboNet:

By 2020, around 40 percent of commercial robots will see 200 percent improvement in their overall operational efficiency as they will be connected to a network of shared intelligence.

9. Increased appliance of robots in industry sectors:

By 2019, 35 percent of leading organizations in logistics, health, utilities, and resources will automate operations by harnessing the power of robots.

E-commerce robots:

By 2018, the order fulfilment warehousing and delivery operations of around 45 percent of the 200 multinational ecommerce and omni-channel commerce companies will be managed by robotics systems.

Conclusion:

Robotics is already a power agent for many leading global organizations to improve quality, increase operational productivity and agility, and enhance stakeholders’ experience, but it will be augmented in coming years. It is interesting to see who will be a real gain getter.

Need help to develop a mobile app?

Reach us at info@fugenx.com or fill up the form. We are a Deloitte award-winning global iOS and Android app development company.

Artificial Intelligence for Automotive Industry

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Artificial Intelligence - A Game-Changer for the Automotive Industry!

The automotive industry is among the early adopters of AI, not just for autonomous driving, but a wide range of other personalization needs. Toyota, the world’s second-largest automotive manufacturer behind German Volkswagen Group, unveiled ‘Yui’, the AI agent for a car, at the Consumer Electronics Show held in the US in the first week of this year.

Yui won’t just (expected to be operative by 2020) understand driving habits and the roads that the car has run, it also acts like Jarvis-like assistant (similar to a concept in the Iron Man movies), providing you information and insights about the drive.

On the other hand, according to the market intelligence firm Tractica, automotive artificial intelligence sales is expected to hit $14 billion by 2025, from the current $400 million (approximately). This will include the sales of artificial intelligence (AI) hardware, software and services. As I mentioned in the first line, AI’s applications won’t just be limited to autonomous driving, in fact, it might enable personalized services, predictive maintenance, localization and mapping, and numerous other automotive use cases.

Just take Chris as an example. Chris, developed by a Berlin-based technology startup, German Autolabs, is a digital assistant at drive that listens and talks to you like a friend. The company calls it as the world’s first digital co-driver. This circle-shaped device, built with an aluminium casing with display, microphones and sensors, can recognize your voice and gestures and talk to you if there are any new navigation updates, or messages, emails, and calls on your phone without having to turn your head or look down for your phone.

Let’s see more practical yet transformational benefits that AI can bring to your automotive business:

Top 3 Benefits of AI for Automotive Industry

  1. Driverless cars

    Driverless cars

We all know more or less about the driverless cars being developed by Waymo (formerly Google self-driving car project, now an independent company), Tesla, Audi and other leading car manufacturers. Indeed, AI is a driving force behind all driverless cars being developed today. Here AI is applied to train cars on human behavior and to understand how to react to driving conditions like sensing how other cars behave and how to gauge weather conditions, road issues, and other driving and environmental changes and behaviors. The benefits of this could extend to from taxis and Uber vehicles to delivery companies and public transportation.

  1. Assisted features

Leading vehicle manufacturers are increasingly ardent to adopt AI to help people avoid those human errors that cause accidents, like safety features that make automatic braking system more sensible, and enable alert systems about safety, more particularly collision avoidance systems.

Here we can more deeply understand the benefits of Chris and similar devices that work as an assistant to the human driver.

  1. Cognitive predictive maintenance

Cognitive predictive maintenance can bring tangible benefits to manufacturers and consumers alike. Primarily, it provides manufacturers actionable insights that help to have data-driven service intelligence. For instance, after selling vehicles, manufacturers can harness AI to identify patterns in performance data that expose potentially dangerous situations. If AI is trained to understand that a particular part or feature fails after a certain period of time (depending on environmental and road conditions), manufacturers can proactively intimate customers about the same and ensure consumers remain safe and the company stays at forefront in enriching the customer experience and stays profitable too.

What FuGenX Does?

At FuGenX, we build cutting-edge AI services and solutions for the automotive industry, with a deep understanding of the following technologies:

  • Machine learning
  • Deep learning & neural networks
  • Natural language processing
  • Predictive modeling
  • Anomaly detection
  • Reinforcement learning

Our team has deep knowledge and experience in designing, implementing and integrating Artificial Intelligence solutions.

           Get in Touch with Us to Know How Our AI Solutions Can Help You Achieve Competitive Edge

Why Increased Demand for Mobile App Development Companies in Mumbai?

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Mumbai, the commercial, fashion, and entertainment capital of India, has a GDP of more than $400 billion. This makes it the 17th largest city in the world in terms of GDP, where it is five position ahead of the country’s capital Delhi (22nd position), according to a survey by the real estate consultancy Jones Lang LaSalle (JLL).

When it comes to Asia, Mumbai stands at the 5th positon after Tokyo, Shanghai, Seoul and Jakarta. It is home to the corporate headquarters of 24 firms listed in the Forbes 2000. It is also home to BookMyShow, Housing.com, and many other game-changing startups.

Today online adoption is achieving a big buzz even among established businesses in Mumbai, due to the increased competition posed by new-age, app-driven startups. Financial services companies, restaurants, real estate firms and manufacturing companies are increasingly ardent to have some sort of mobile presence. Their goal is aimed at enhancing the customer experience and augmenting the revenue. In fact, Mumbai city now has the highest number of Internet users in India, accounting more than 16.4 million. A majority of them make the purchase of products and services through mobile apps only. This has produced an amplified demand for top mobile app development companies in Mumbai.

BPCL, the country’s leading state-controlled oil and gas company based in Mumbai, recently brought out a location-based fleet management app called FleetGenie developed by FuGenX Technologies, which is an on-demand goods transfer service connecting shippers with fleet owners.

Including HDFC and ICICI, all leading banks in the country are replacing their legacy systems with mobile apps for customers’ convenience. Following the trends, every small and medium sized financial firm based in Mumbai are trying to have some sort of mobile presence to achieve a competitive advantage. This has not just skyrocketed demand for the existing mobile app development companies, even it made hundreds of new companies to dive into mobile app development. More and more companies are expected to have their own mobile apps in coming days to leverage the lucrative mobile trend.

Some Innovative App-driven Startups in Mumbai

Some Innovative App-driven Startups in Mumbai

Cleartrip, flights, hotels, trains, and travel package booking company

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Purplle, personal care and beauty products platform

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Crowdfire, social media engagement tool

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Haptik, personal assistant app helping in travel, movie ticket and restaurant suggestions

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Pricebaba, price comparison platform that helps to choose between electronic gadgets

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Taskbob, home service startup helping to find home service professionals

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Grabhouse, broker-free house-renting platform

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Looking for Mobile App Developers in Mumbai?

If you are looking to develop a mobile app by a reliable mobile app development company in Mumbai, let FuGenX help you. We at FuGenX are a partner in the success stories of many innovative startups, including Big Basket and Byju’s. Bharat Petroleum is our premier customer in Mumbai.

To get an instant Quote for your app idea, please reach us at info@fugenx.com

How Analytics Can Become a Competitive Edge?

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How-Analytics-Can-Become-a-Competitive-Edge

Business analytics has evolved from being a “nice-to-have” to business-critical solution. It offers an unmatchable competitive edge for enterprises at an unprecedented rate, by being supportive for strategic planning and delivering tactical value.

The use of analytics that leverages statistics is getting a mainstream value due to its capability to significantly reduce decision error. Enterprises’ inability to handle the disparate data that is accumulated from various sources across the organization is forcing them to adopt Big Data.

On the other hand, the need to gain insights and inferences from the segregated data made Business Analytics a requisite for enterprises today. Some unparalleled benefits that Analytics offers include deeper insights into customer behaviour, markets, and processes. Considering this, today all sorts of enterprises, regardless of vertical and size, who are drowning in data but starving for information are adopting business analytics to gain insights. Their this initiative is mainly focused at achieving a competitive edge.

Some organizations are continuing to store data in a digital format. On the other hand, many business people (out of IT) don’t possess the minimum understanding of predictive modeling, forecasting, design of experiments or mathematical optimization.

There is always a risk when decisions are made based on perception, gut feel, wrong and misleading data. This is where analytics helps to make the decisions effective and fruitful.

What Babson College Professor Tom Davenport Says!

Competing on Analytics: The New Science of Winning (2), a popular book by Babson College Professor Tom Davenport, says “the first source of achieving a competitive edge will be an enterprise’s ability in mastering all types of analytics”. “Analytics is undoubtedly the next wave for enterprises to prolifically compete and optimize their teams, assets and partners. If your organization is not yet ready to adopt analytics, your organization is at risk”, Tom says.

How to Gain a Competitive Edge?

If an organization is able to measure, closely monitor, and predict the key factors that drive its success, it is in a much better condition to adapt to the situations and mitigate risks. If the organization has deep insights into nonfinancial performance variables that directly impact financial results, then it has an upper hand over its competitors.

With the insightful data that provides the ability to forecast the future on opportunities and risks inside and outside the enterprise and across the markets, organizations can make decisions faster than its competitors and achieve a truly competitive edge.

BI helps businesses deeply understand where money is being spent and the specific value they are getting as return. Further it enables them to work out the most prolific way to reduce costs and more accurately target reinvestment strategies. While others are being busy in finding the ways, you can move ahead with the already executed ways.

Analytics doesn’t provide this opportunity just for people at the management level, even people at the managerial level, and front line staff can be empowered to make decisions that create and sustain competitive advantage. When Business Intelligence and Analytics are perfectly blended, this can be feasible for organizations.

Analytics delivers the following business benefits to achieve a competitive edge by:

  • Reducing overall costs
  • Improving the quality, accuracy and insightfulness of your internal data
  • Enabling you to gain deeper insights into markets

Conclusion:

Analytics is still widely open for businesses to adopt and gain a competitive edge. But it is viable only when you have an experienced and expert Analytics services provider. Reach FuGenX to see how Analytics will work for you.

USM Business Systems Acquires FuGenX Technologies

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FuGenX-Becomes-a-Part-of-USM-Business-Systems-Inc

USA based USM Business Systems Acquires FuGenX Technologies, Bangalore based Leading Mobile App Development Company

USM Business Systems, $65 million US based software and IT consulting firm acquires major stakes in FuGenX Technologies, a leading mobile and cloud app Development Company in India for an undisclosed amount.

May 25, 2017, Chantilly and Bangalore – USM Business Systems Inc. an Enterprise Solutions Data Management Services Company today announced the acquisition of Bangalore based FuGenX Technologies Pvt. Ltd., an industry leader of Social, Mobile and Cloud App Development in India. FuGenX is the well-known brand in the region for developing breakthrough Applications for BigBasket, Byju’s Learning App, Future Group’s T24 Mobile & Bharat Petroleum’s Fleet Genie App.

FuGenX will become the Technology Service Wing of USM. Along with USM’s vast industry experience, Solid customer base, Strong Presence in US and FuGenX’s deep expertise in Service industry specially on Digital and Mobility Space, USM-FuGenX is ready to Serve global Customers, drive growth and innovation, and create new opportunities for Employees and Customers.

“FuGenX’s mobility solutions and IT services portfolio was captivating, which was what persuaded us to choose FuGenX as our Technology Service wing. I hope FuGenX’s supreme capabilities around mobility solutions, innovation and trending digital technologies, coupled with our market reach, customer base and experience, will enhance our competency to deliver more sought-after IT services to our existing and potential customers. Especially, I was impressed by FuGenX’s dedication and commitment to work in having many big brands as their clients and serving them with world-class IT services and solutions,” Madan Kalakuntla, the CEO at USM Business Systems and the Managing Partner at Analytix DS, said in a statement.

“Today everything is data and we have world-class products in the data world. With this acquisition, FuGenX’s employees will get access to data analytics, data mapping and our many other cutting-edge data-oriented products, tools and technologies. USM’s global presence will enable FuGenX to work with more enterprise clients, which will further enable them to drive innovation, develop insights and to well adapt to the Western work culture, while enhancing USM-FuGenX’s capability in mobility. We are looking towards long-term results where we create more stable, secure and futuristic IT services and solutions for our clients,” Said Madan.

About USM Business Systems

Established in 1999, USM Business Systems is an industry-leading talent management firm, specializing in providing unique IT turnkey solutions, IT staffing solutions, and Talent management insights, enabling its clients to sustain a truly competitive advantage in this fast-moving environment. It is a project-driven firm that consistently meets the IT needs of its clients through innovation and business acumen. USM is a CMMi Level 3 Organization and has a wide client portfolio in America’s public administration.

USM is a US certified Minority Business Enterprise (MBE) and is recognized as one of the fastest growing IT Systems Integrators in the Washington, DC area with offices throughout the US and offshore delivery centers in India. USM has 1200+ Employees globally. Its key IT services spans from enterprise solution & data management to ERP and CRM consulting, and data warehousing/business intelligence. For more information on USM, visit www.usmsystems.com

About FuGenX Technologies

FuGenX Technologies is a three time Deloitte award-winning mobility company. FuGenX serves businesses of all verticals from start-ups to global enterprises on trending technological services and solutions. FuGenX has developed successful 1000+ consumer and enterprise apps on iOS, Android, and Windows platforms. FuGenX has client base majorly from North America and Asia Pacific, including Bharat Petroleum, Disney, Praxair, Atlas Copco, Reliance Jio, Al Ansari Exchange, Future Group, BigBasket, Byju’s and XSEED.

FuGenX, founded in 2008, by Debashis Behera and Bhabani Sankar Jena, has 200+ Employees globally and has been operating from offices in Bangalore and Dubai. FuGenX is an ISO 9001:2008 certified company and is the winner of Deloitte Technology Fast50 India and Fast500 APAC for the consecutive years 2012, 2013, and 2016. For more information, visit www.fugenx.com

Media Contact:

USM Business Systems Inc

14175 Sullyfield Circle, Suite # 400
Chantilly, VA 20151, USA
E-Mail : info@usmsystems.com