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AI Archives | Page 3 of 7 | GoodWorkLabs: Big Data | AI | Outsourced Product Development Company

Optimizing Development Costs Without Sacrificing Quality: Expert Tips for Tech Companies

In the fast-paced, cutthroat world of technology, companies must balance development costs while providing high-quality goods and services. Finding this precise balance can be the secret to a successful and long-lasting company. This blog will explore expert tips that tech companies can use to optimize costs without sacrificing quality.

 

  • Careful Planning and Requirement Analysis 

For tech companies, careful planning and requirements analysis are essential elements in optimizing development costs without sacrificing quality. The followings steps can be followed to optimize development costs:

 

  • Involve  all stakeholders from the beginning of a project to establish precise goals and expectations.  
  • By carefully examining the project requirements and producing user stories, wireframes, and prototypes you can cut down on uncertainty and speed up the development process.
  • Companies can prevent expensive adjustments and delays later on in the development process by devoting attention to the planning and requirements phase.
  • Having clear objectives helps development teams stay concentrated on crucial activities, lowering the possibility of scope creep and unneeded costs.
  • Thorough planning and requirements analysis help to make the development process more effective and efficient, guaranteeing that the final product fulfills the specified quality standards while keeping development expenses under control.

 

  • Embrace an Agile Methodology 

Adopting the Agile methodology is an important strategy for tech companies  to reduce development costs without compromising quality. Agile methodology helps optimize development costs in the following ways:

 

  •  Agile encourages gradual and iterative development, enabling regular testing and feedback over the course of a project. 
  • Development teams can swiftly find and fix problems early on by splitting the project down into smaller, manageable jobs, decreasing the likelihood of costly fixes in later stages.
  • It promotes cooperation and communication between team members and stakeholders, ensuring that everyone is in agreement with the goals and specifications of the project. 
  • Better decision-making is a result of this transparency, which lowers the possibility of rework and cost overruns.
  • Agile’s adaptive planning enables businesses to react quickly to shifting consumer preferences or developing project specifications, resulting in effective resource management. 
  • Companies may verify progress and make knowledgeable decisions about upcoming development steps by regularly delivering working software increments, which ultimately results in a high-quality, cost-effective end product.

 

  • Outsourcing Non-Core Activities 

Tech companies can employ the strategic approach of outsourcing non-core functions to reduce development expenses while focusing on essential work and assuring quality. 

 

  • If done internally, non-core tasks like infrastructure management, testing or customer service may take a lot of time and resources. By delegating these tasks to specialist service providers, businesses may access knowledgeable experts without having to worry about keeping up with dedicated teams.
  • Outsourcing delivers financial benefits by eliminating the need for new infrastructure, equipment and training expenses.
  • Outsourcing partners frequently have established procedures and best practices, improving efficiency and producing results of a higher caliber.
  • When non-core duties are performed by outside professionals, the internal development team can focus on innovation and important projects, leading to faster time to market and competitive advantage.

Optimizing Development Costs without Sacrificing Quality: Expert Tips for Tech Companies

  • Automation and DevOps 

Tech companies can reduce development expenses while maintaining product quality by utilizing automation and DevOps approaches. 

 

  • Automating repetitive operations like testing, deployment, and code integration entails using tools and scripts. 
  • The development cycle becomes more effective by automating these procedures, lowering the requirement for manual intervention and lowering the possibility of human error.
  • Contrarily, DevOps emphasizes cooperation and synergy between the development and operations teams. 
  • It encourages a continuous integration and deployment (CI/CD) culture, allowing for rapid upgrades and releases. 
  • This strategy guarantees that code is extensively tested and immediately deployed, enabling speedy feedback and bug corrections.
  • Companies can achieve quicker software development cycles, more dependable software releases and better resource utilization through automation and managed DevOps.
  • Lower costs and higher-quality products result from less manual effort and deployment-related concerns since development teams can concentrate on adding value and innovation rather than getting bogged down by manual chores.

 

  • Prioritize Quality Assurance 

Tech companies must prioritize Quality Assurance (QA) if they want to reduce development expenses without compromising on quality. 

 

  • The possibility of expensive post-release problems and customer unhappiness is decreased by assurance that the product complies with specifications and functions as planned. 
  • Early emphasis on quality assurance allows for the early detection and correction of any flaws and faults, reducing the need for subsequent labor-intensive rework and costly bug fixes.
  • Technology companies may produce a solid and trustworthy product by investing in thorough testing techniques, such as unit testing, integration testing, system testing, and user acceptability testing. In turn, this lowers the possibility of poor user experiences, client complaints, and product recalls—all of which can result in high expenses.
  • Making QA a priority also helps to establish a track record for producing high-quality goods, which can foster customer loyalty, good word-of-mouth, and enhanced market competition. 
  • By lowering the need for frequent updates, maintenance, and customer assistance related to product concerns, the investment in QA ultimately results in cost savings.

 

  • Monitor and Analyze Metrics 

For tech companies looking to reduce development expenses without sacrificing quality, tracking and evaluating metrics is an essential discipline.

 

  •  Metrics give useful information on the effectiveness and efficiency of the development process, assisting businesses in making data-driven decisions and allocating resources wisely.
  • Companies can spot possible bottlenecks, inefficiencies, and areas for improvement by tracking key performance indicators (KPIs) relating to development timeframes, defect rates, resource utilization and customer satisfaction. 
  • Monitoring the length of time required to complete various development stages, for instance, can point out areas where procedures can be reduced, resulting in cost savings.
  • Companies can identify recurring problems and focus on quality assurance activities by analyzing defect rates and customer input, which lowers the likelihood of expensive post-release defects and customer support costs.
  • Metrics can also be used to evaluate the effects of process modifications and technological advancements, allowing businesses to optimize development workflows and manage expenses based on solid data.

 

In conclusion, for tech companies , maintaining a balance between development costs and quality is a constant issue. However, companies can reduce development costs while providing high-quality goods and services by adopting careful planning, embracing Agile methodologies, utilizing open-source tools, outsourcing non-core tasks, investing in automation and DevOps and giving QA and monitoring metrics top priority. Pursuing this balance will put tech companies in a position to maintain their competitiveness, adjust to market demands, and prosper in an ever evolving technological world.

 

A software development and technology consulting company GoodWorkLabs is renowned for providing its customers with cutting-edge solutions. We have experience in a number of fields, including blockchain, artificial intelligence, machine learning and mobile app development. With the help of cutting-edge technology and agile development processes, GoodWorkLabs has a reputation for offering high-quality tech solutions that are both impactful and scalable. We are well-known in the technology industry thanks to our knowledge and dedication to providing value to our customers. To know more please visit our website.

ChatGPT Vs Bard Vs Bing; the age of AI in business

Artificial intelligence (AI) is gaining popularity in businesses. AI has emerged as a game-changer as businesses continue to extend their use of technology. The use of AI in business has resulted in a number of advantages, including enhanced efficiency, lower costs, and better decision-making. This article will look at three of the most popular artificial intelligence platforms on the market today: ChatGPT, Bard, and Bing. It will present an overview of each platform, outlining its strengths and drawbacks, as well as assessing its impact on the business world.

 

ChatGPT

Built on the GPT-3.5 architecture, which is well-known for its ability to properly handle natural language, ChatGPT is a language model developed by OpenAI. ChatGPT is a robust platform that has been utilised for a wide range of applications, including chatbots, language translation, and content production. Its strength is its capacity to recognise context and deliver meaningful and useful responses. Businesses have utilised ChatGPT to automate customer service and deliver personalised recommendations to clients.

 

One of ChatGPT’s advantages is its capacity to learn from massive amounts of data. It can mine enormous amounts of text for insights that can be used to improve business processes. ChatGPT can also be tailored to a company’s specific requirements. It may be programmed to recognise industry-specific terms and jargon, making it a great tool for organisations operating in specialised areas.

 

ChatGPT does, however, have significant restrictions. One of the most difficult issues is its inability to comprehend emotions. It can generate grammatically correct and relevant responses, but it may not understand the emotional context of a dialogue. This might be an issue when dealing with consumers that require empathy and understanding.

 

BARD

BARD (Business Analysis Research and Development) is an artificial intelligence-powered analytics platform that assists businesses in making data-driven decisions. It can analyse massive volumes of data, including financial and customer data, as well as market data, to generate insights that may be used to optimise corporate operations and increase profitability.

 

BARD can be utilised by enterprises of all sizes and in a wide range of industries, including retail, e-commerce, healthcare, and finance. It can assist businesses in identifying areas for improvement, such as inefficiencies in supply chains, product development potential, and client preferences. It can also assist firms in staying ahead of the competition by detecting upcoming trends and market opportunities. One of the most significant benefits of BARD is its ability to automate data analysis and reporting, saving enterprises time and money. It can also provide real-time insights, enabling organisations to make swift, educated decisions. BARD can be tailored to an organisation’s specific requirements, making it a useful tool for companies in a variety of industries. To create a unified user experience, it can be connected with other company programmes such as CRM and ERP systems.

 

One of its main disadvantages is the inability to develop truly original material. To develop content, Bard largely relies on current data and information. This may result in content that is identical to what is currently available on the internet. Another difficulty is a lack of emotional intelligence similar to ChatGPT which may result in difficulties in understanding the emotional context of the situation or data.

 

BING

Bing is a Microsoft-developed search engine. It employs artificial intelligence to give users appropriate search results. For businesses trying to boost their online presence and drive traffic to their website, Bing can be a beneficial tool.

 

Businesses can benefit from Bing’s search algorithm by ranking higher in search engine results pages (SERPs), improving their online visibility and attracting more potential consumers. Bing Webmaster Tools also offer organisations information and analytics on the performance of their website, including traffic sources, search queries, and user behaviour. This data can assist firms in optimising their websites and improving their internet presence. Businesses can also use Bing Ads to develop tailored advertising campaigns based on demographics, location, and other factors. This can assist businesses in reaching the appropriate audience and driving more relevant traffic to their website.

 

Bing also places a major emphasis on local search optimisation, making it an excellent tool for firms with physical locations. Businesses may use Bing Places for Business to manage their web presence and appear in local search results. With the increasing popularity of voice assistants, Bing’s voice search optimisation tools can aid businesses in optimising their websites for voice search inquiries, allowing them to capture a larger piece of this rising market.

 

Bing, has gradually gained traction in the search engine market. While Google continues to dominate the market, Bing has made steady progress in recent years. According to recent sources, Bing is expected to grab a considerable portion of Google’s search traffic, with some estimates claiming up to 30% market share. Bing’s ability to give accurate and relevant search results is one of the reasons for its success. Bing has made significant investments in its search algorithms, which use AI and machine learning to provide personalised search results to users. Bing’s UI is also more user-friendly than Google’s, with a cleaner, more intuitive structure.

 

Bing’s collaboration with other companies has also contributed to its success. Bing has entered into partnerships with Yahoo! and AOL to provide search results for their respective platforms. This has aided Bing in reaching a larger audience and increasing its market share. Bing has also been able to profit from Google’s mistakes. In recent years, Google has faced various privacy and data security concerns, eroding faith in the platform. Bing, on the other hand, has managed to establish itself as a more reliable option.

 

ChatGPT, Bard, and Bing are three advanced artificial intelligence (AI) applications that can benefit organisations in a variety of ways. ChatGPT can automate customer support and deliver personalised recommendations, while Bard can assist organisations in making data-driven decisions and improving operations, and Bing can increase online exposure and drive more relevant traffic to a business website. These technologies demonstrate AI’s expanding significance in business and how it could potentially revolutionise the way businesses run. As businesses continue to harness the power of AI, it is critical to examine which tools are most suited to their specific needs and objectives.

 

If you want your business to optimise its operations, improve customer experience, and drive development and success in the age of AI, contact GoodWorkLabs here, who along with their incredibly talented team will analyse and help come up with the right AI tools and solutions for your business.

Future of AR and VR in Businesses

Technology has taken centre stage in our daily lives and is making us more connected, efficient and smart. Augmented Reality (AR) and Virtual Reality (VR) are 2 of the biggest technological boons that are bringing a revolution to how we live, interact and basically every other thing that we, as human beings, do. AR & VR have brought forth self-driving cars, gaming headsets, and other commodities that are transforming human lives in a faster and better way. 

“I do think that a significant portion of the population of developed countries, and eventually all countries, will have AR experiences every day, almost like eating three meals a day. It will become that much a part of you.”- Tim Cook, CEO of Apple Inc. 

What are Augmented Reality and Virtual Reality? 

Augmented Reality (AR) implies augmenting or adding something extra to your existing environment like an overlay. On the other hand, Virtual Reality (VR) means creating an artificial environment with software that the user believes is a real environment. 

In addition to changing or transforming our lives, AR and VR are changing the modus operandi of businesses.

AR and VR in Businesses:

Let’s take you through a few industries and show you how AR and VR are transforming them: 

  • Fashion: 

AR & VR can help brands provide enhanced customer experience with augmented reality and virtual reality. Customers can shop from virtual stores and go for a 3D try-on. This experience can be enjoyed from anywhere anytime in the world and gives a lot of free hand to enterprises to experiment without bearing the risk of fixed capital cost. 

  • Healthcare:

AR and VR will turn out to be a boon for the healthcare industry with apps, software and devices that will expedite the treatment process and provide faster treatment. AR Apps are already in this game and are allowing doctors to diagnose the human body easily and view affected areas without incisions. 

The concept of virtual hospitals is also doing the rounds with the help of game technology and medical imaging processes. It will lead to hassle-free operative procedures. 

  • Tourism:

AR will hugely impact the tourism industry by transforming the tours and sightseeing, local experiences, and others. The best example is how Google helps us with navigation and spots when you scan the street. 

Tourists can translate street signs, get sightseeing advice, indoor navigation, and others through AR. 

  • Gaming:

Pokemon, Star Wars, Tetris, Minecraft, and the list goes on are the products of the booming gaming industry infused with VR. Gaming companies are coming up with ideas to make games interesting and help gamers to be “in the game”. AR/VR arcades are booming and provide a huge opportunity to be a billion-dollar industry. 

Conclusion

It’s not just these industries, but there are many which will reap the benefits of AR and VR. It will not only make businesses more accessible and competitive but also allow brands to explore new territories to provide a wholesome experience for their customers. 

 

The global AR is set to hit a record high valuation of more than USD 60 Billion, and on the other hand, the VR market will achieve more than USD 20 Billion during a couple of years. Businesses are looking to transform, and customers are gearing up for a better and smarter experience. AR and VR are bringing forth a revolution to how business should be done and making it an interesting space to watch out for. 

GoodWorkLabs is a leader in implementing cutting-edge AR and VR experiences for your business.

Reach out to us for a free consultation on your AR/VR strategy here

 

How Will AI Impact Businesses In The Coming Future?

Artificial Intelligence isn’t a new word anymore and is here to stay. In the endless debate of whether AI will take over for good or worse, it is now more than important to understand AI’s evolving form, dynamics, functionality, and the way it’s redefining business across sectors. AI is now one of the biggest business avenues and will add more to global GDP by 2030 than the current output of China and India—combined. Companies like Google, Apple, IBM, etc. have spent more than $20 billion collective dollars on AI products and services annually. Here are a few ways how AI will make an impact in the near future:

  • Transportation

With Tesla’s Autopilot cars and Hyundai’s world’s first AI-based partial autonomous driving technology, it is clear that the smart machines will be driving us. It is estimated by Statista report that by 2030, the global automotive industry is projected to reach $9 trillion and therefore, companies are actively participating in providing a better customer experience, backed by AI. With more countries running automatic gear cars, AI will be the added enhancement.

  • Employment

AI isn’t replacing manpower anytime soon, for sure. However, it is and will continue helping the employment processes and the way industries work. As per an article in Financial Times, “it is clear that redistribution of labour is inevitable. To deal with the shift in skills that this implies, retraining the workforce is critical. The WEF notes that on average about half of the workforce across all sectors will require some retraining to accommodate changes in working patterns brought about by AI.”

  • Education

AI’s effects on the education industry are multifold. According to eLearning Industry, 47% of learning tools will be AI-enabled by 2024. Its role increased even more in the pandemic, where schools were identifying ways to make learning interactive, intuitive and interesting at the same time. AI will eventually become a very important pedagogical tool, assisting teachers in making learning accessible at all times.

  • Healthcare

AI has been heavily useful in the healthcare industry and the research on its benefits is an ongoing process. The medical industry thrives on insights and case studies with more than 2.5 million terabytes of data generated daily. With the use of AI, the world can be connected globally, thereby providing access to even rare pieces of information across professionals. In the present, AI has proven to be of great assistance to physicians in early diagnosis and treatment. 

  • Big Data Culmination

The majority of industries in the world now rely on data. With humans depending more and more on electronics and the internet, data insights are now an industry in itself, with the global industry worth approximately reaching $685 billion by 2030. Data gathered in the present are from multiple platforms and are highly unorganized. With the help of AI, data categorization is a seamless task. It has now become a huge library of information. The more the data, the more are your company assets. AI is built with the help of Big Data and AI will now lead the future of Big Data.

 

Conclusion

Artificial Intelligence, when used efficiently and in a planned way, will do wonders for companies. Businesses can enforce the use of AI in various verticals and thereby, smoothen processes for their employees and customers.

GoodWorkLabs has been at the forefront, helping companies adapt to AI services and get them acquainted with its advantages. Our latest technological services and tools including digital transformation, AI, game development, platform strategy, and more, have been proven helpful to not only supply for the current demands but also prepare for the smart future. 

Check out all our services: https://goodworklabs.com/ 

Top 5 Ways AI Is Transforming The Healthcare Industry

AI or Artificial Intelligence has changed the world in ways that we couldn’t have even imagined. Such unpredictable and quick growth of AI in various sectors has led to the usage of innovative technology on a greater level. However, the one sector that seems to have benefited the most is healthcare. Did you know that the global revenue for AI in the healthcare industry is expected to cross USD 45.2 billion by the year 2026? 

Different ways AI is changing the healthcare market

With the assistance of AI, both patients and doctors have gained a wide array of benefits. Check out the five different ways that AI is transforming the healthcare industry as we know it. 

  • Medical diagnostics

Infusing AI in diagnostic machinery has improved the chances of getting accurate results to a great extent. It has essentially eliminated all the shortcomings. It has also made it easier for doctors to come up with a suitable treatment plan. With deep learning codes and algorithms, it is now easy to differentiate between clots and tumors. Moreover, this has led to the reduction of medical diagnostic errors by almost 50%. Furthermore, with smart diagnosis, healthcare is expected to improve even more. 

  • EHR or Electronic Health Records

The manual handling of patient health records is a tedious and time-consuming task. With a comprehensive volume of paperwork and the effort needed to ensure there are no errors, EHR has surely changed the scenario completely. Electronic Health Records or EHR automates the recording process with ease. With AI, it is now easy to identify the voice and interpret different languages. It leads to the saving of time and effort. Now, it is easy to gain access to information such as allergy details, medical history, etc. 

  • Digital assistants

Following up on appointments is not difficult anymore. It is understandable that doctors work round the clock tirelessly to offer healthcare services. With virtual nursing assistants, you can now ensure that you get the basic check-up. The AI-based systems will ask necessary health questions and then make a diagnosis depending on the symptoms you describe. Moreover, nowadays the chatbots can even assess handwritten images and texts without any issue. 

  • Surgical robots

AI-based robots have aided surgeons in operations successfully. Now, robots can ensure that there is exceptional precision while conducting surgeries. With these robots, patients can now expect better outcomes due to the availability of data. Fewer errors and increased efficiency make it easy for surgeons to treat patients. Moreover, it also offers real-time data to healthcare professionals during complex surgeries. Now, doctors don’t have to worry about trembling hands. 

  • Virtual consultation

With AI, digital consultation is easy and simple. Now, patients can interact with doctors without any hassle. Deep learning ensures that the user can make accurate decisions. Moreover, with the natural learning process, AI can help in answering the various queries of the patients. With the understanding of complicated sentences and other information, the virtual system can offer a genuine medical suggestion. 

Conclusion

It is without a doubt that AI has changed the healthcare industry massively. Now, medical professionals can opt for suitable treatment plans with the assistance of advanced diagnosis. Moreover, patients no longer have to wait in hospitals just to make appointments. With Chatbots and other technological innovations, patients can easily interact with healthcare professionals in times of need. Want to know more details about how AI can help your business to grow? Get in touch with our in-house AI experts at GoodWorkLabs, who will guide you through the benefits AI can bring when incorporated into your business processes. Contact here!

AI Trends in 2021 – Read Details

Well, the last decade has given us a fair idea of what Artificial Intelligence can do and how unknowingly we have made it an integral part of our everyday lives. From smartphones to computing systems and the various gadgets we use in our day-to-day lives, AI has given mankind technological comforts that were unknown before. Even during the ongoing pandemic and its challenges, AI plays an important role in the medical diagnostic systems with robots assisting in medical procedures.

 

As per the market researcher IDC, the revenue from AI hardware, software, and services was expected to reach $156.5 billion worldwide in 2020, hence in 2021, we can expect the numbers to surge even further. Well, this revenue growth is bound to happen, as more and more businesses are leveraging AI’s benefit to improve customer experience and increase productivity!

 

So, what does one expect that AI will bring to the table in the next half of the year? The last decade saw Artificial Intelligence being introduced in the industry at numerous segments at a rapid pace. In this article, we will discuss the emerging AI trends that will impact the market in 2021 and in the coming years. Let’s delve further into it –

 

Upcoming AI Trends in 2021

 

Businesses are to undergo ‘Digital Transformation’ by accepting AI

While the pandemic has already accelerated the adoption of technology, AI tools are in place to help businesses understand their consumers better. With concepts such as behavioral analytics and personalization, the businesses will seek to establish themselves further. Tools providing organizations with self-service access to this technology will become increasingly prevalent throughout 2021, as small and medium-sized enterprises are seeking to establish their competitive edge.

 

AI will be pushed to the edge by organizations


Over the years, consumers are readily adapting to the IoT devices and now it has become a part of life along with increased use of 5G adoption. This will further give a push to edge computing and AI will be better utilized at the edge. The combination of AI, IoT along with edge computing, will bring further fruitful insights from a large amount of data that will help the enterprises to make learned decisions.

 

 ModelOps will play a major role in AI deployment


Organizations have come to know that developing the right AI engineering process is essential. Ai engineering consists of DataOps, ModelOps and DevOps. In it, ModelOps helps businesses to operationalize their AI models efficiently and deploy them via the Cloud. This year will see more organizations focusing on effectively moving their AI models up with ModelOps to strike that right balance.

 

AI will find its way into Cybersecurity Processes


Merging AI and Machine Learning with cybersecurity systems will be dominant in the coming times. With the increase in the number of internet users, upscaling the cybersecurity game is the need of the hour. AI and ML technology can help to identify current as well as future threats. The AI embedded cybersecurity tools can collect data from a company’s internal systems, as well as from external sources, and thereby identify threatening activities. Ai is also being largely used in home security systems nowadays.

 

Workplace AI will boost automation and augmentation needs


As per Forrester’s predictions, more companies will look to AI to help with workplace disruption for employees working from home. This will also include applying AI for document extraction, customer service agent augmentation, etc. Organizations need to apply AI in both short-term and long-term goals in the years to come to leverage full benefits.

 

AI-powered chatbots will become dominant


Researches say that AI-based chatbots provide communication that is similar to humans by using natural language processing (NLP) and Machine Learning.  AI-powered chatbots are already being used, but this year will see huge upgrades and improvements in its responsiveness and personalization of the customer experience.

 

Organizations will move towards AR-driven automated decision-making


This year will see an increase in the availability of real-world simulations. As technology and mechanisms in the digital domain have improved, accurate data has become increasingly available. Simulations have leveled where huge data can be accessed in your system without any change in location. This leads to huge reductions in cost along with an increase in the quality of data that can be gathered.

 

Wrapping Up


This pandemic has created a sudden surge in the use of technology and further as reports suggest, AI will be one of the most important technology in 2021. It will also adjacently have a sound impact on automation, robotics, and machine learning. So when are you leveraging the benefits of AI? Consult our team at GoodWorkLabs for AI solutions. We will introduce AI into your business systems! Contact now, here.

How AI & MI Is Helping To Build Next-Gen Applications?

The popularity of artificial intelligence and machine learning has made most of us aware of these technological jargons. We are in a world where we come across these technologies on a daily basis, and they have become a part of our lives. But little do we know the details about it and unknowingly we have made it a part of our lives. From tech to voice to face enabled devices, we all have witnessed a dramatic evolution of technology in the last decade. It did not only contribute towards the transformation of the internet and software industry, but also the lives of individuals. Technologies related to AI and ML are expected to grow in the years to come. Even many social media platforms are today investing an ample amount of money in the development of AI techniques to keep their audiences hooked to the platform. Over-viewing the mobile app industry, it is not a hidden fact that today most mobile applications are built on AI and ML technologies. As the mobile applications do the works of a mini-computer in our hands, it is necessary that it has all the functions that are needed for all our activities – shopping to dating, food to fashion, traveling to surfing, etc.

As per the report by Statista, the global artificial intelligence market is expected to grow greatly by generating 118.6 billion in revenue in 2025. Viewing that, the future of AI and ML technology looks very promising. Therefore, it is a great time to incorporate some AL and ML techniques in your mobile application. This will not only enhance the functionality of your application but also make it feasible for your audience. GoodWorkLabs, the renowned software development company will incorporate AI and ML into your business process to take your business to the next level. Let us look at how two of the leading AI and ML techniques can help build a trending mobile application:

 

Predict User Behaviour 

With AI technology your customers get the suggestions, recommendations, and notifications of the products they have engaged with on the application.  This is the ideal tool for ecommerce companies as it helps in boosting sales. So what exactly does this? The application knows what the customers are looking for, what they like and what they don’t, what excites them, and what makes them add the items to the cart. Well, you must have got it by now, it is AI and ML.

AI and ML mobile applications developed by top AI and ML app developers help businesses and their marketing teams to understand customer behavior and psychology. The insights drawn provide information on customer choices, preferences, buying patterns, and budgets by capturing data such as age, location, gender, buying frequency, spending capacity, etc. It is the perfect integration of in-depth data learning and observing the user behavior across all devices that help create a 360o view of customers. The data so collected enables the brands to approach each customer group and deliver products that perfectly fit their individual needs.

 

Virtual Assistants 

Hey Siri! “Play a song for me” 

That is how we connect with our smartphones these days, don’t we? Siri, Alexa, and Google, all are changing the digital way of communication with our phones and mobile applications. The technology helps you use your phone or a mobile application while you are performing some other task. It has made the user experience much seamless and fruitful.

This technology has further strengthened the trend of online shopping. Today, 95% of online shopping in the world is made through voice commands and that shouldn’t be a surprise. Industry to industry, virtual assistants are greatly impacting and disrupting the way consumers purchase and retailers sell/market.

Are you still wondering how can you invest in AI and ML? Lets us connect to build your brand image by incorporating AI and ML in your applications. Our expert team at GoodWorkLabs will understand your requirements to help you with an AI and ML-based mobile application. Connect with us at contact@goodworklabs.com.

Why Should Your Business Embrace AI? Read Details

Artificial intelligence (AI) is the most revolutionary technology in today’s world and has the ability of machines to interpret data and act intelligently. AI can carry out tasks, based on data, similar to how a human does it.  We use AI in our daily lives, such as asking Alexa for the weather report and even social media platforms rely highly on AI. buying something that Amazon recommends, and unknowingly we have made it a part of our lives.

 

Large corporations have already leveraged AI but the major challenges come for the small and medium-sized enterprises. In the coming days, AI is bound to play a dominant role in our lives. Many artificial intelligence companies have understood AI’s potential, and have incorporated it.  GoodWorkLabs, an artificial intelligence company in Bangalore has a team of experts who are skilled to incorporate AI into your business systems.

 

You must be thinking, why should your business embrace AI, and how it will help you?

 

Here are the top five benefits of AI that makes it beneficial for businesses around the world – 

 

1. Automates Customer Interactions

AI enables companies to automate any repetitive tasks many customer interactions that require human intervention. Artificial intelligence companies leverage AI to program the computer so that it responds to customers by using previous details accurately. This includes communicating via email, social media conversations, telephone calls, and online chat. Furthermore, by combining AI with machine learning, the platforms interact even better. Thus the regular tasks that can take up a lot of time and workforce are simplified by leveraging AI in the business process. 

 

2. Gives personalized solutions

AI helps in personalized marketing and gives preference to each customer.  A personalized approach to consumers increases engagement, customer loyalty and results in brand promotion and improving sales. AI also helps to identify patterns in customers’ buying habits and behavior. This further allows companies to craft specific offers for individual customers. Cloud-based AI apps can even find out relevant pieces of information while processing big data. 

 

3. Stay ahead of the competition

With AI becoming a part of our daily lives, every business in the coming days will implement it and AI will become a more affordable and common technology. So now is the right time for your business to implement AI It will not only give you immense benefits but also will attract customers to your business and build your brand.

 

4.AI will help in conducting market research

As AI has the ability to predict outcomes based on data, it will help in both the present day and for future needs. By implementing an AI strategy in your market research, businesses can benefit from the data procured of the market trends. If you want your business to stay ahead of the competition, you must implement them and use AI to grow.

 

5.AI fuels other technology trends

AI is the base on which various other technology trends are built, such as virtual reality, chatbots, facial recognition, autonomous vehicles, etc. Without AI, all these advances were not possible. AI, along with machine learning, has brought about a significant change in the technology industry. 

 

Now Use AI In Your Business Process. Contact GoodWorkLabs

Whether you are in the eCommerce business or any other product or service-related work, you must know how AI can help you succeed further.  Talk to our experts and understand how artificial intelligence can help you grow. GoodWorkLabs, a renowned artificial intelligence company in Bangalore, will help you figure out where to apply AI. Shoot us an email at – contact@goodworklabs.com to discuss further.

 

 

GoodWorkLabs Fighting COVID-19 

Hit by a pandemic, we all have changed the way we have been working and prioritising work. Almost all the businesses in the world have changed their work approach and business model to fit in the new normal in the past few months. Understanding the gravity of the situation, many corporates are now providing a helping hand to the government, health-care institutes, and the public at large by helping them fight COVID-19 in one way or the other.

GoodWorkLabs, a world-leading technology organisation based in Bangalore, India and San Francisco Bay Area, USA has always been committed to helping businesses solve complex problems using technology. During these unprecedented times, we have pledged to help create sustainable and affordable tech solutions to fight the COVID-19 crisis. Being a futuristic tech company, we are looking forward to partnering with businesses/ startups to create effectively-designed tech solutions to combat the COVID-19 problems that the world is facing today.

We believe that even if the technology cannot prevent the onset of the pandemics, it can, however, help prevent the spread of infection, educate, empower, and warn people around. We can help businesses and start-ups optimise the trending technologies to fight COVID-19 – application development, cloud, IoT, big-data, AI/ML, etc.

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Mobile Application Development: 

GoodWorkLabs is one of the leading app development company in India. We are known for developing cutting-edge mobile applications and games on all major platforms – iPhone, Android, and Windows. With the hands-on experience in the app development industry, we have helped businesses and start-ups leverage their presence in the app store markets.

During the pandemic, the developers at GoodWorkLabs are highly motivated to use their talents and ideas in building an innovate mobile application that can help end-users be aware and safe during this pandemic.

Artificial Intelligence and Machine Learning

GoodWorkLabs comes with a vast experience of setting up an advanced centre of big data, AI, and ML technologies. We have worked with clients ranging from Start-ups to Fortune 500 companies to develop unique and helpful solutions using these technologies. We believe that big data, AI, and ML can transform business and its operations in the near future. Understanding the nuances of AI, ML, deep learning, language processing, and big data, we ensure to create solutions that are powerful and reliable backed by minutely detailed data.

Cloud and Internet of Things

At GoodWorkLabs, we have a dedicated and most skilled IoT app development team which is committed to delivering products and applications that bring change in the current times. Over the years, we have supported clients from India, the USA, and Europe in the optimization and automation of the IoT products. Seamlessly delivering the effective and ahead of time IoT products and applications is our key focus area at this moment.

Observing the current world crisis closely, we believe that the world has now truly understood the importance of digital readiness. The acceptance and usage of these digital technologies will help us be aware, ready, and fight the current and future pandemics. It is essential for the companies, corporates, and start-ups to focus on building necessary digital infrastructure and help the community and people stay safe and aware. We are in the times when we should take an approach where technology is used for people-centred problems.

In this regard, we are looking forward to partnering with businesses/start-ups to create effectively-designed tech solutions that combat the COVID-19 problems the world is facing today. Let us together make a difference and enable a COVID free world! Connect with us at contact@goodworklabs.com or call +91- 9863077000 and read about our service offerings in detail here.

 

How AI can Help with Internship Placements

This new AI-based Internship Recommendation System can be a Game Changer

 

Technology has become synonymous to simplification. There is no denying that all the gadgets and tech have made our day to day life easy and simple. It keeps getting better, as technology is advancing and evolving in leaps and bounds. The world has very much entered the age of Artificial Intelligence with voice-controlled smart assistants like SIRI, Google Assistant, Alexa, Bixby, Cortana, and the likes. These allow us to enjoy the perks of a personal assistant without having to keep one on the payroll.

There is still a lot of work going on AI. Techies are trying to implement it in all the sectors and a new idea has emerged that speaks of an AI-based internship recommendation system. It has been developed by the researchers at Universitas Pendidikan Ganesha, Indonesia, and the tech world is already buzzing with excitement.

This AI based recommendation system can assign or get the best internship placements for the students matching their knowledge, skills, and goals.

 

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The Internship Dilemma

 

Students spend years studying and acquiring degrees, all the while building their resume step by step for the ultimate goal of getting the dream job. Many take up different courses to forge their skills. All these add up to a strong resume to woo the recruiters. Now, we all know that the rite of passage from being a student to a full-time employee is getting an internship.

An internship is where you learn the tricks of the trade from your predecessors in the field. It is a great way to get into the groove of a working individual leaving the student life behind. That’s why every student aims to land a good internship in the final stages of their education. The experience not only helps them to build a career but it also gives a boost to the resume.

Besides that, it also helps in understanding whether a certain line of work will suit one well or not. It often happens to people who get a job without first doing an internship. After a few days, they might feel that the sector or work is not suitable for them. It is easy to leave an internship but not when it comes to resigning from a job. Hence, the end result is a bad start to the career, which can either slow a person’s growth or derail them from their initial goal eventually. So, the career chart should have three stages i.e. student then intern and finally a professional or employee.

Though an internship is very important, getting one becomes a hassling process. Not all universities guide their students or provide them with internship placements. For average students, it takes a lot of net searching, going to job fairs, etc to finally land a good internship. Even then one might find the place not suitable for him/her. In such a scenario the AI tech developed by Universitas Pendidikan Ganesha can be of a blessing to students to land the perfect internship that matches their profile.

 

Let AI get You an Internship Placement

 

The researchers from this University in Indonesia came up with a brilliant idea to solve the internship dilemma of students. They started to work on a recommendation system that will help the students in their graduation year to find the best-suited internship placement for them. It is totally AI based that makes it all the more interesting.

The system developed by them utilizes a recurring artificial neural network (ANN). It is called the Elman neural network. Their system’s job is to assess the student test results and use it to choose the internship placement which is the best match for their skills.
The students are required to give two tests. In the first one, they have to give sufficient information about their grades, knowledge, skills, goals, and likes. The second test is known as the Inventory Personal Survey. Here they have to answer a few questions that will reveal their behavior and overall attitude.

The researchers explained that the students need only to take the test and answer the questions. After that, the results of the test gets processed and analyzed by the artificial neural network or ANN.

 

The Development Phase

 

In the development phase, the university researchers ran many tests on the system. Sample information was collected from graduate students who wanted to apply for an internship after studies were over. The system was trained and tested in various ways with the help of the data collected from the students.

After running the assessments they were able to come up with great results. The system developed was able to achieve a 95 percent accuracy level. In all those cases the students have suggested internship placements that were ultimately given to the particular students by the University using the usual manual methods.

According to the researchers, the AI based recommendation system can identify both training and the testing data. This observation was based on the results of all the tests run by them in the development phase. They further clarified that the system can recommend internships like administration jobs, networking, software, etc to students who already in the lookout for internships based on their education and skills.

 

It is Just the Beginning

 

This AI based recommendation system can have great use to the management and staff of Universitas Pendidikan Ganesha. It can help them provide internships to students who are seeking it in a faster and more efficient way. It is also highly beneficial to the students as they will get the best places to learn the job from.

To see whether the system works with the same efficiency for a larger population of diverse students, the researchers will have to run more tests and study it further. For that, they will need a huge training dataset.
As of now, they have only used the system to get placements for students who are in the field of informatics. However, they believe that the technology can be further extended to other streams as well.

Nonetheless, this new AI-based internship recommendation system can be a game changer in the field of education and placements. That will be beneficial to both the institutions as well as the students.

If you have any unique idea as such that needs AI based recommendation system, please reach out to us. GoodWorkLabs has a dedicated team of experts to deliver such power-packed solutions for all kind of businesses.

Ready to start building your next technology project?