The Evolution of Cloud Computing

Cloud computing has come a long way since first emerging in the 1950s. At first, it was a way for people to store data and programs on the internet instead of their computer’s hard drive. This idea has grown since then, allowing businesses to use online services for everything from storing data to running complex programs. 

“78% of executives stated their companies use cloud computing in most or all aspects of their operations.” 

As cloud computing advances, more companies adopt it for its benefits. Cloud providers offer scalable and flexible services at an economical price. Because of these advantages, 78% of executives stated their companies use cloud computing in most or all operations. 

However, there are challenges. As more enterprises utilize cloud computing, managing and analyzing data takes longer to interpret and understand. Keeping data safe and ensuring easy access and rapid analysis are tremendous tasks. 

As such, businesses must find innovative ways to handle issues and make informed decisions based on data. With AI, you can solve all your problems in the cloud to make data-driven decision-making easier.

The Role of AI in Cloud Computing

AI mimics human intelligence to perform tasks and improve itself based on the information it collects. Its capabilities range from understanding natural language to recognizing patterns and making predictions.

“AI systems can gather and log information continuously better than humans.” 

Integrating AI into cloud computing has revolutionized how businesses manage and analyze data. It enhances cloud services by automating routine tasks, optimizing data storage and improving security measures. 

One stand-out feature is its superiority in data collection and recording. AI systems gather and log information continuously better than humans. This allows for more comprehensive analysis and insights, enabling businesses to make informed decisions faster and more efficiently.

Moreover, AI-driven cloud computing can predict demand spikes, allowing you to allocate resources more effectively and learn of potential security threats early on. This integration paves the way for more intelligent and responsive cloud services that adapt to real-time user needs.

Enhancing Data-Driven Decision-Making With AI-Driven Cloud Structures

AI has enhanced data-driven decision-making within cloud structures by making it easier for you to interpret big data. By leveraging the power of AI, you can uncover insights faster, predict outcomes more accurately and automate complex decision-making processes. Here is how each structure makes a difference:

• Real-time data analysis: AI algorithms analyze data as it is collected, providing real-time insights. This immediacy allows you to respond to changes and opportunities faster. 
• Improved prediction accuracy: AI can accurately predict trends and behaviours through machine learning. These predictions enable you to anticipate market changes, customer needs and potential risks.
• Automated decision processes: AI automates routine decision-making tasks, from sorting emails to managing inventory, freeing human resources for more strategic work requiring human insight.

Challenges to Consider

“AI introduces ethical challenges, including bias in decision-making processes and the potential for misuse.” 

Integrating AI into cloud structures offers tremendous benefits, yet it has challenges. Understanding these hurdles is crucial to getting the most out of AI in the cloud:

• Data privacy and security: As AI systems process data, ensuring the confidentiality and security of this information is crucial. You must implement strong security measures to protect sensitive data against breaches.
• Need for skilled professionals: AI and cloud technologies are complex, requiring a workforce with specialized skills. There is a need for professionals who can design, implement and manage AI-integrated cloud systems. Therefore, you may need to invest in training and education to manage AI-powered cloud structures effectively.
• Ethical considerations: AI introduces ethical challenges, including bias in decision-making processes and potential misuse. Companies must establish ethical guidelines for AI use to ensure fairness, accountability and transparency.
• Cost implications: Integrating AI into cloud structures can be expensive. Costs include the technology itself and ongoing maintenance, training and, potentially, hiring specialized staff. Carefully consider your budget and return on investment when investing in AI technologies.

Getting Started With AI Analytics in Cloud Computing

Because cloud analytics has undergone such a transformation with AI, businesses should create a strategy to help them use it more smoothly. First, define a clear objective for what you want to achieve with AI and analytics within the cloud — this will help you choose the right tools and technologies aligning with your business needs. 

Also, keep in mind that 65% of businesses purchase AI as a product or service rather than building it in-house. This is because buying AI gives them the setup needed to scale as they train and advance their systems. 

The next step is to assess your data infrastructure to ensure it can handle AI integrations and cloud computing. The process may involve upgrading fragmented systems and consolidating data silos to understand what occurs within your organization. 

Once you have your data in one place, you can compile the information into a cloud-based system and analyze insights. However, it is imperative to start small by implementing pilot projects. This allows you to test AI and analytics solutions on a smaller scale and evaluate their effectiveness. As a result, you can better understand their impact on your operations.

Based on the outcomes, you can then scale these solutions across your organization. However, transitioning to AI-enhanced cloud computing is an ongoing learning process, so stay informed about the latest trends and technologies.

Navigating the Future With AI, Analytics and Cloud Computing

As you integrate AI into cloud computing for data analytics, focus on building a solid foundation through education, strategic planning and testing. The steps are key to gaining the full potential of these technologies. As long as you update your systems and skills, you can make traversing the complexities of today’s digital landscape easier.

Also Read How Generative AI is Set to Revolutionize Automotive Industry

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The Role of Cloud Computing in Data Science

Data scientists use cloud computing for several reasons. First and foremost, data scientists use cloud computing for storage. This field often deals with massive datasets, and cloud platforms provide scalable storage solutions. In turn, data scientists can house their data remotely instead of on local servers or hard drives.

“Cloud computing lets you decrease or increase your resources without overhauling existing infrastructure.” 

Data analysts also require significant computational power. With cloud services, you get on-demand processing capabilities. This enables data scientists to run complex algorithms without owning powerful machinery.

Additionally, many data science tools and software platforms are now cloud-based. This means data scientists can access the latest tools without installing heavy software onto their devices. Therefore, they always have the most up-to-date resources with cloud computing. 

Lastly, as data science projects grow, the need for resources fluctuates. That’s where cloud computing assists. It allows for easy scaling, increasing or decreasing your resources as needed. Plus, you can do so without overhauling existing infrastructure.

Why Cloud Computing Is Crucial in Data Science

Businesses use cloud computing in data science because of its immense benefits.

“Cloud computing provides scalable solutions for data science.” 

Enhances Business Performance

The importance of cloud computing in data science is similar to how the world uses STEAM for education. Like STEAM programs fuse different disciplines to nurture students for real-world issues, cloud computing does the same with data science. It confronts complex business and scientific problems. 

A study by the University of Florida found that STEAM programs enhanced students’ learning and academic performance. Like so, cloud solutions boost business performance through operational efficiencies and quick decision-making. 

Because cloud computing provides scalable solutions for data science, businesses process datasets more efficiently and derive insights faster. Therefore, data scientists may optimize their decision-making process and improve operational performance. 

Improves Security

Another reason cloud computing is highly important is the security measures it provides. Cloud providers invest heavily in cybersecurity, offering advanced protection against data breaches. With the amount of data businesses use today, security is a crucial aspect when storing and handling it. Therefore, data analyzed in a company is safe from potential threats with cloud computing.

Unfortunately, in-house security may be expensive or not an option for some data scientists. Therefore, cloud services offer an affordable and accessible solution for those needing a secure way to back up their data.

Cost-Effectiveness

Businesses dodge hefty upfront investments in infrastructure using cloud services. Instead, they can opt for pay-as-you-go models, which align costs more closely with actual usage. 

Additionally, you can save more money without buying or maintaining equipment. Modern data science requires much processing power, so you can keep more money in your pocket when using cloud services.

“Global data volumes may exceed 180 zettabytes by 2025.” 

Expands Data Capacity

Cloud computing significantly boosts data capacity. It does this by storing and processing large datasets beyond what traditional on-premises solutions can handle. Global data volumes are expected to exceed 180 zettabytes by 2025. 

As this amount continues to soar, the cloud offers an efficient and cost-effective way to use and analyze information. The cloud makes this amount of storage and analysis possible where it would be more cumbersome and costly with in-house systems.

Key Cloud Platforms for Data Science

As a data scientist looking for a cloud service provider, consider the following platforms most popular in the field.

Amazon Web Services

AWS (Amazon Web Services) is a top platform in cloud computing. AWS offers a large suite of tools for data science, including Amazon Sagemaker for machine learning, Redshift for data warehousing and EMR for big data processing. Its global network of data centers ensures fast data access and scalability. Therefore, it’s best for you, whether you’re a beginner or an experienced professional.

Google Cloud Platform

Google Cloud stands out for its AI and machine learning capabilities. It has tools like BigQuery for real-time analytics and AutoML for users without deep learning expertise. Its seamless integration with other Google services — along with its variety of open-source tools — make it excellent for collaboration. You and your team of data scientists can work on projects together, no matter the location.

Microsoft Azure

Microsoft’s Azure is an excellent platform for its blend of solutions made for data science.

“Azure Machine Learning offers a simplified process for building, training and deploying machine learning models.” 

With Azure Databricks for big data analytics and Data Factory for data integration, it provides a well-made ecosystem for data-driven initiatives.

Making Leaps in Data Science With Cloud Computing

Cloud computing is an excellent tool for handling large volumes of data. It helps you store, manage and understand it simply and effectively. With the various platforms available, it’s possible to use it more efficiently and productively. As you keep making and using more data daily, the teamwork between data science and cloud computing will play a big part in the future. Using it to understand data will help you make smarter choices ahead.

Also Read Tips for Choosing the Right Machine Learning Examples

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1. Pick an Appropriate Cloud Provider and Plan

Start by investigating your current cloud provider or choose a new one if necessary. How well-equipped is the service provider to meet your AI needs? Fortunately, many leading cloud companies have artificial intelligence offerings to help customers succeed with their projects. 

Consider your current and future needs while evaluating cloud providers to accommodate your AI platform. For example, does the cloud company support scalability by allowing you to select new capabilities as needed? Does the provider have a history of supporting clients like you with similar AI projects? Answering questions like those can increase your confidence in the early stages of making an AI cloud platform for a business.

2. Decide Whether to Build From Scratch or Use a Service Provider

Market analysis suggests global AI market revenues will reach $500 billion by 2023. One advantage of that growth is it gives people plenty of choices for meeting their business needs with AI and the cloud. A primary consideration is whether it’s better to invest in a custom-built solution or a standardized offering from a service provider. 

If you’re new to AI and have a limited budget, consider the emerging AI-as-a-service (AIaaS) sector. It gives people more control over their AI spending and implementation by enabling them to only pay for what they need and allow a service provider to handle most or all of the installation and upkeep for the product. 

However, companies make AIaaS products to appeal to the masses, so you may find they lack the desired customization or capabilities to suit your AI cloud project. Make a list of must-haves and nice-to-have features. Then, compare it to AIaaS offerings to see if any are a good fit. 

“Global AI market revenues will reach $500 billion by 2023” 

3. Assess How Your AI Cloud Platform Connects to Business Value

Some business leaders initially feel compelled to adopt AI because they believe most of their competitors already have. That assumption isn’t necessarily off-base. Consider how a 2022 worldwide study by IBM indicated 35% of businesses currently use AI and 42% are exploring the technology. 

The adoption rates are even higher in certain industries and countries. For example, 60% of IT professionals in China and India say their organizations use the technology. However, you should not merely decide to build an AI cloud platform to join the trend. 

Instead, figure out how AI usage directly translates to more value for your business. It could help you drive sales, find more customers or improve quality control. A chatbot could be a good first use case, especially if you run an e-commerce business. Chatbots provide immediate answers to consumers’ questions. Those prompt responses could increase the chances of eventual purchases. Whatever the case, make sure to iron out your intended goals before deploying AI. 

“35% of businesses currently use AI and 42% are exploring the technology” 

4. Create a Thorough Implementation Plan

Deploying your cloud-based business AI platform requires a thoughtful process. A Gartner survey showed 54% of AI projects reach production after pilot phases. Even though that finding indicates people are most likely to succeed, they should put the odds further in their favor by creating a step-by-step plan for planning, creating, testing, and deploying the AI cloud platform.

One possibility is to appoint a person or build a team to oversee those stages and troubleshoot problems that arise during them. Another takeaway from the Gartner study was that 80% of executives believe they can automate any business decision. However, many leaders want assurances that AI algorithms are reliable and free from bias. 

It’s impossible to steer clear of all unexpected issues when building and using an AI platform. However, people can reduce risks, delays, and other unwanted outcomes by improving oversight. Taking that step is also highly advisable if your AI cloud platform handles sensitive data or makes potentially life or business-altering decisions. 

“54% of AI projects reach production after successful pilot phases.” 

5. Select Metrics to Track 

Building an AI cloud platform for a business is a major undertaking. However, people usually agree on the payoffs if they can see positive results. Platform-related metrics help individuals working on the AI project see if things are moving in the right direction. If not, they have the evidence needed to justify making changes. 

Selecting key performance indicators (KPIs) is a great way to get started with AI metrics. The mean time to repair (MTTR) is a commonly chosen metric that illustrates the time required to fix problems. Keep in mind that timeframes will most likely be longer in the early stages of using an AI cloud platform. Expect them to get shorter as people become accustomed to working with the platform.

Another way to identify and measure metrics is to focus on those specifically linked to the AI business case. Maybe you built an AI cloud platform that identifies the most promising sales leads. Has that tool resulted in more people buying the product or taking other desirable actions? Monitoring goals is an excellent way to ensure your AI deployment stays on track and brings the expected results. 

Make AI Work for Your Business in the Cloud 

You have virtually endless opportunities to use AI and the cloud to improve your company’s competitiveness, resilience, and marketplace success. Apply these five tips to help your project finish on time and boost the likelihood it performs as expected. 

Also, Read Future of Cloud-Based Software in the Retail Industry

The post 5 Tips for Building a Business AI Platform on Cloud appeared first on AiiotTalk - Artificial Intelligence | Robotics | Technology.

“Cloud computing is a robust technology that will help to revolutionize the retail industry in every aspect. Also it will help simplify the data flow and centralize the operations on a single platform” 

Retailers generate a large volume of data, and cloud computing helps to manage big data with ease.  Irrespective of your business type, size, or location, cloud-based solutions like POS software and others will help transform your business.   

In this blog, we will look at the future of cloud-based software in the retail sector and how it benefits the industry.  

Facts, figures and benefits of cloud computing in the retail industry: 

The retail sector contributed a market share of USD 11.89 billion in 2018 globally. The research experts predict that the market share will increase up to USD 39.63 billion by the end of 2026. This industry will exhibit a compound annual growth rate (CAGR) of 16.3%.  

Artificial Intelligence

The retail industry should analyze its artificial intelligence engineering strategies to avoid failure. Because without efficient AI engineering, the retail sector will not be able to full-scale production from concepts and prototypes.

Implementation of AI in the retail industry will help to make strategic data-driven decisions. Additionally, it will help the retail business with transparency, interpret ability, safety, and compliance. The best point of sale software for retail will have artificial intelligence to make data-driven strategic decisions. 

Save Expenditures

The retail business has a very less profit margin than any other industry, but they sell products in bulk.  Cloud computing will be the future of the retail industry; because the vendors take care of the maintenance and upgradation of the system.

As a result, the retailers do not have to invest in a huge; IT infrastructure and team, which saves them money. This technology not only helps the organization to save expenditure cost but also, they can manage the entire operations in a single platform.

The could software vendors provide flexible payment options like pay as peruse, and you can increase and decrease the capacity as per business needs. As the vendor looks after everything, retailers do not have to pay the license fees as well. As this technology saves money for your organization it will take over the retail industry in the future.  

Enhance Connectivity

Retail businesses have to operate through multiple channels and stores; additionally, they also have to handle various teams. The traditional systems had the limitations that the teams couldn’t connect because this business operates across various locations.

One of the crucial demands of the 21st century is well connected, and if you can fulfill this demand your business will succeed. The retailers have to ensure that all your team including the suppliers, vendors, and also the customers should be connected for business expansion.

The cloud software helps to connect your teams and customers with ease irrespective of their physical location. Furthermore, this technology will not only help to deliver the best customer experience but also improves the transparency and connectivity; in internal communication. 

Flexible and Scalable solution

Retail businesses have great potential to expand and penetrate through new markets. As they grow their market it is crucial to have software; that is flexible and scalable that supports the expansion. The retail business has a bigger audience; they need the best scalable solution for efficiency. The cloud-based software is reliable, scalable, and flexible solutions that help adapt to the expansion pace without any limitations to overcome. The point of sale software is a flexible and scalable solution that supports business expansion. 

Quicker Transaction Processes

Technology is evolving, and the consumer today demands everything to be processed quickly. The quick transaction process; will help enrich the customer experience, which will later result in a referral and repetitive business.

The cloud-based software will help the retail business to simplify operations and perform the task seamlessly. Simplified and seamless operations help to reduce the task time substantially, which helps to increase productivity.  

Efficient Data Management

Data is the new gold, and it is crucial to managing this asset efficiently because it helps to personalize your services. Big data technology is advancing and proving to be a boon for the retail industry.

Because now retailers can track, store, and analyze customer data to make accurate predictions and understand the customer base. The retail team can explore cloud computing opportunities to understand customer preferences through tracking their social footprint. Cloud computing will help the retail business owners; to enrich the customer shopping experience, which will result in increased revenue.  

Digitalization and Automation

Cloud-based software will help the retail industry; to digitally transform their process and automate most of their tasks. All businesses are transforming their processes digitally to increase efficiency and productivity. Automation will help the retail team to reduce the work burden so that they can focus; on another valuable task.  

Better Data Security 

As discussed earlier, the retailers generate a large volume of sensitive data regarding their business and clients. With the increasing volume of sensitive data, it is crucial to keep it secure to avoid misuse. The cloud-based software integrates the best cyber security in place to keep your sensitive data secure.

This technology is capable to; track digital footprints and also enables firewalls and high-level encryption to keep your data secure.  The best retail point of sale will have the best cyber security in place to keep your data secure.  

Increased Profits

As discussed earlier, the retail business has a less profit margin; but they sell a large number of quantities so it balances the operations. There is very high competition in the retail industry; that is why they need to keep the prices competitive.

The cloud-based software helps the retail industry; to track competitor pricing and market trends to set the best prices and make a profit. Additionally, as it is a cost-effective solution it helps to make a profit out of your revenue.  

Conclusion

Retail business owners are implementing cloud-based software, and this trend will prevail more in the future. The future of the retail business lies in cloud solutions because of the in-numerous benefits.  

Also Read How Cloud Technology Transforming Health Care Industry

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Such types of innovations may impact the ways healthcare industries have constantly been operating for ages. 

With the changing times, the experts of healthcare tend to analyze the loopholes in the existing norms of treatment and propose solutions necessary for their patients that can be purchased in a much cost-effective and streamlined manner.

Furthermore, there could be some mistakes while setting up hosting from the existing cloud service providers. But all those must be addressed well in the stipulated time. 

This is because if the service providers fail to estimate the bandwidth required for operating the healthcare sectors or levelling up the security standards, this can create a nuisance – for sure. 

Henceforth, such mistakes must be avoided so that the ten different ways of exploring the latest inventions for the healthcare industry via existing cloud computing resources and the updates related to any of the cloud types can shape the future of healthcare management at low-stakes.

 The perspective of healthcare experts and other professionals towards cloud

A successful cloud system – if implemented well within the necessary storage and computational standards – can offer a robust and scalable platform for storing the records of patients in a much-encrypted manner.

Besides, the economic feasibility and flexibility offered by the existing cloud technology (or technologies) have been able to accelerate the healthcare industry with a commendable reduction in operational costs and therapeutic strategies.

“BCC researchers have announced that cloud technology and the necessary add-ons to run the computational resources will capture the healthcare market till $35 billion in 2022.” 

Now you might be curious to know about those 10 ways of transforming healthcare. Without analyzing more trends for computing resources we may begin with the first one.

#1. SaaS business models for healthcare

The business models used by SaaS (Software As a Service) have offered a way of dealing with the highly-sensitive transitions depending on the key variables of the 2020 healthcare industry. From analyzing the healthcare market based on bookings made quarterly to converting them into successful conversions, the technology supports the necessary applications like PACS, EHR, etc. 

Each of the applications stores information about the patients – like age, blood group, disease type, and so on. 

Also, for accessing more data about the admitted persons the experts working for the hospitality can use non-clinical tools (using SaaS). The tools are RCM, supply chain, etc. 

The benefit of using them is that obtaining copies for cross-examining the charges applicable to each patient can now be done via invoices not prone to unexpected costs incurred in purchasing a license.

#2. Securing the infrastructure via IaaS

One may use IaaS of the cloud technology for strengthening the infrastructure so that the healthcare providers who wish to ditch the outdated ways of securing the infrastructure of the hospitality sector can achieve the same – accessing the digital benefits of the cloud in a much-encrypted manner.

All this can be achieved by outsourcing the IT infrastructure of such healthcare so that the trained individuals can robustly access the patient’s details and send the required data to the authorities primarily responsible for all the activities occurring inside the healthcare sectors.

To achieve this, IaaS has been able to strengthen the infrastructure via tools like CapEx (for estimating capital expenses), CFEngine (for scaling billions of compliance checks), SaltStack, Ansible, etc.

#3. Acquiring additional control over the staff 

PaaS has successfully been able to simplify serverless computing. This is because the operating systems and development tools required to manage clients via middleware can now comply with the mandatory requirements of security and compliance.

Such control can reduce the costs hospitality sectors need to bear for managing staff because vendors take care of the necessary amendments required to keep the workforce in a running state.

It includes meeting the SLAs, supporting the hospitals technically round the clock, and rebuilding the pricing models that may require databases matching the security encryption standards.

“88% of the organizations dealing with healthcare have successfully been able to reduce 20 per cent (%) of their expenses as they used ERP software for accessing the patients’ records.” 

All the tools using the PaaS mechanisms can be named as Microsoft Azure, Salesforce, AWS Lambda, and so on.

#4. A sudden hike in the use of cloud-based services

Since data breaching is prevailing nowadays, many of the companies offering services to healthcare organizations have started using the necessary plugins. They can either be for SaaS, Paas, or any other service somewhere accessing cloud technology.

Moreover, all these services are solely capable of mastering the methodologies used by the hospitality sectors in estimating the records and delivering the necessary updates regarding medicines, treatment analysis, etc.

For instance, if the patient is eager to know the status of his/her medical conditions, the person may use the i-Patient Portal. In case the reimbursements are still pending from the department’s end, U2Doc is there to assist you with the necessary intimidations that invite a sense of trust and reliability. 

#5. Upcoming generations believe home care for medical purposes

Homecare includes a set of comforts one can enjoy at any stage. From achieving a high-quality life to accessing rehabilitation facilities (either in the short or long-term), it is much feasible to adopt them for recovering well.

“17 Million hospital admissions have shown interest in Home Care without compromising the quality of care as there was a 75 per cent hike of satisfaction in hospitalization in 2019” 

Moreover, in the age of COVID 19, respondents whole-heartedly believe the fact that unplanned hospitalizations can be lowered down to 63% if the significance of caregiving attitude can be understood well by (both patients and doctors) contributing a token of impact in the emergency response systems.

#6. Collaborating for case studies involving extensive researches

Big Data that somewhere uses cloud technology to analyze the current situation of patients can predict the unexpected fluctuations well.

Such fluctuations are solely capable of worsening the existing condition of the person admitted. With the ways of collaborating in crucial times, doctors can understand the previous case studies and conclude whether to diagnose the current case further or not.  

All this is possible with the existing cloud infrastructure that somehow implants flexibility in communication so that stakeholders may adapt as per the changing demands and requirements of the patient and respond quickly and efficiently.

#7. Many datasets with virtual drives

Patients come from diversified demographics. This automatically includes a statistical examination based on blood groups, hormonal classification, and response to the existing environmental conditions.

With the benefits of cloud technology, senior doctors may access the information stored at the virtual drives. These drives can collectively analyze the datasets – depending upon the demographics.

Henceforth, organizations offering healthcare services can effectively manage the records and resources better so that the information can be delivered well in different green-computing environments. 

#8. Optimizing healthcare budgets

Healthcare organizations – that followed traditional ways of accessing records – have now been able to strengthen the pillars of treating their patients.

Just to maintain the systems (IT) accessing records of the current or previous year patients can now operate in a much scalable and precise manner. 

This is because the outsourced IT departments need to pay nominal subscription charges for retrieving the data probabilistically and analyzing the emergency for the admitted persons.

Furthermore, they may use the records so that the medical products can be availed at cheaper prices. 

#9. Renaming the medical industries with IoT

The IoT healthcare market is well-versed with the trends and restraints offered by the current generation. Hence, the market has decided to rename the 2020 healthcare industry with the Internet of Things (IoT).

Moreover, they understand the significance of categorizing the patients as per the type of disease and timestamps they keep on visiting the hospitals. With applications like Cycore, CGM, Indigestible sensors, etc it has now become possible to sense a worn and recommending the correct injection of insulin to patients.

Also, relevant insights like daily checkups, blood levels, and response towards the changing treatments can be estimated and analyzed so that patients need not hassle the hospitals unnecessarily for the reports.

#10. Blockchain management for better consultation

With the increase in deployment of software using the fundamentals of blockchain, hospitals need not worry about the cyber-attacks happening in an unbiased manner.

The reason for using the blockchain protocols that can assertively improvise cloud technology is that it is possible to integrate the infrastructure well with medical claims, drug supplies, and ways of processing invoices containing a detailed examination of medicines as per the disease. 

Also, the IT systems accessing the fundamentals for different types of blockchains are much confident in offering ownership to patients for exchanging data with other departments of healthcare with the streamlined methodologies used by the encryption standards of the available cloud versions.

Should I rely on conventional ways of healthcare industries?

For accessing your medical reports by taking out precious time from the daily hustle, you need not go to the healthcare organizations offering the services.

Instead, it is feasible to retrieve the information online via portals confidently using cloud technology. The benefit is that it will change your perception towards IoT and Big Data that work collectively towards helping patients keep a track of their health status.

Such status includes a detailed examination of blood pressure, heartbeat, cholesterol level, etc. All this will improve their lifestyle so that the ways adopted by the healthcare industries in treating their patients and maintaining their estimates gives a competitive edge to keeping you free from diseases and travelling long-routed destinations without any worry.

The post 10 Ways Cloud Technology is Transforming the Healthcare Industry appeared first on AiiotTalk - Artificial Intelligence | Robotics | Technology.

The years to follow will see an inevitable shift to virtual working spaces. This article will help you understand that shift and how you can optimise it.

However, before we discuss post-COVID-19 scenarios, it is essential to understand the current landscape. According to Cognizant,

“During the initial work-from-home phase, several of our contact centre clients experienced up to 40% absenteeism as employees struggled to integrate work and home life.”

One can easily assume that for the contact centres employees or with customer engagement agents, the shift has been a lot more difficult. After all, in order to work efficiently, they depend on factors like connectivity and protocol to function. 

There is no denying the direct correlation between successful businesses and thriving contact centres. Keeping this in mind, companies strived to make virtual setups more convenient for their agents. 

Rigorous training, deploying cloud telephony systems and ensuring strong Internet connectivity are some of the ways this was achieved. 

Here’s how contact centres especially for small and medium-sized businesses—can stay afloat and be an asset: 

1. Switching to Cloud Telephony

Many companies have switched to cloud telephony as it supplements work from home setup. At the same time, it is cost-effective. Here are some specific cloud-based features that have made the process smoother: 

• Less wait time – Gone are the days when a customer had to wait for hours on a service helpline. Cloud telephony has enabled call diversion to idle employees operating from any location or time zone. This eliminates the risk of missing calls. If in case you do miss a call, the customer can leave a message that agents can respond to at the earliest. 

• Easier conflict resolution – With the IVR in cloud telephony, not only can first level conflict be resolved by the system itself, but it can also provide context and vital customer information beforehand. This makes the customer experience smoother and more solution-oriented. It also saves time and energy, as well as caters to more customers. 

2. Company Culture

Apart from business processes, there has also been a shift in the company culture. There is the responsibility of working from home while balancing housework, financial stresses, changes in routine and, for many, home-schooling their kids. Studies indicate that the pandemic has resulted in mass grief and increased mental health issues.

This is an important time to be present for your employees, motivate them to keep going and make remote working convenient. A happy and invested employee is more likely to work harder, achieve targets and bring profit to the company. 

3. Mapping Digital Engagement

Now, when the whole world is available on the internet, is a good time to set up digital communication with customers. Building real-time channel dashboards, which can be monitored can help you understand the general requirements of customers.

Using cloud telephony solutions, you can divide departments and assign separate numbers to them; for better call analysis, marketing campaigns and customer experience. 

4. Adopting Flexibility

The biggest lesson that COVID-19 has taught us is that flexibility and adaptability are essential skills for any business to survive. Executive coach Marcia Reynolds says that

“Adaptability in the face of uncertainty, and is important because it allows us to see the possibilities in unanticipated change.”

Nobody can predict what the future brings, which makes it imperative to try different strategies and better understand consumer behaviour. The current situation projects that strong customer engagement on a digital platform will boost relationships. 

5. Using Physical Space Smartly

Since people are hesitant to step out of their homes unless needed, the outlook towards office spaces has been altered. A physical space not only demands infrastructural and maintenance costs but also miscellaneous charges. The shift to work-from-home can be made, but a hybrid model has also recently become popular.

The model enables certain teams to work on-premise, while others telecommute. Many of these models also involve co-working spaces, as one-time cost saves a lot of effort and logistical hassle.

6. Listen to Feedback

The customer feels valued when listened to, especially when things are uncertain. They want their grievances and feedback to be taken into consideration.

Many companies have great feedback structures, but because of the lack of action, it becomes irrelevant. If a company implements changes based on the feedback received, it can be relayed to the customer who will definitely notice the shift. Only then will they believe that their feedback is valued. 

7. Active Communication

In a world where customers see multiple companies offering similar services, it is important to make sure that your company stands out. Active engagement with your consumers will contribute to the same. Emails talking about progress, a newsletter every few months or even personalised holiday greetings can help businesses retain loyalty.

In conclusion, it is important to understand that in any business, regardless of industry, product or service, customer engagement is an important parameter for success. Having excellent contact centres is essential as it shows that as a company, you care about your customers. 

COVID-19 may have hit your company hard financially. But there is a way for all businesses, new or small, to battle the consequences of the pandemic.

Also, Read How Artificial Intelligence Transforming Workplaces

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“LIKE A FITBIT IN YOUR SKULL.” 

Such advancements are a constant feature for technologies like Machine Learning (ML), the Internet of Things (IoT), Artificial Intelligence (AI), Big Data, and hybrid cloud platforms. All these have transformed the digital space into a dynamic playing field. 

Be it marketing, agriculture, healthcare, or accounting, every industry in the market is adopting these technologies into their work process. The essential processes like audit, customer management, and invoicing are being automated and optimized. 

So, let’s dig deep into the two major players in achieving digital transformation – AI and hybrid cloud and their real-time applications into the digital world. 

The Impact of AI 

AI is an interactive technology that focuses on providing machines with human-like intelligence through a set of algorithms and predictive analysis. The prominence of AI has scaled to great heights over the years, and knowingly or not, all of us are constantly using AI-based products in our houses. 

Take, for instance, Alexa or Siri, which have become an integral part of our lives. These devices are based on AI that function by observing your past choices and taking actions accordingly. 

According to the Gartner CIO survey 2019, AI was chosen as the top technology for adoption, with 37 per cent of votes.    

Let’s look at some of the areas in which AI is accelerating digital transformation.

Cybersecurity

Cybersecurity has been the most challenging task process for most CIOs around the world. According to Accenture, the average cost incurred by an organization due to cybercrimes skyrocketed to $13 Million In 2019. 

“AI offers companies with advanced tools, enabling them to predict attacks before they occur. As per a report by Capgemini, by 2020, 63 per cent of organizations will deploy AI to strengthen their cybersecurity” 

With the help of AI’s Machine Learning and Big Data, the network can be monitored round the clock, and any anomalies in the traffic patterns can be identified. Moreover, AI can also protect against phishing attacks by identifying unusual URLs and attachments. All this can be achieved without any human intervention. However, it is essential to note that while AI is helping organizations to counter cyberattacks, it is also a preferred tool of hackers.      

Social Media

The exponential growth of social media has made it the largest community in the world where individuals can interact with others, share personal stuff, and gain knowledge from professionals around the world.  Social media is also the largest potential market for businesses where they can showcase their products and services. 

However, you must have realized whether it is Facebook, YouTube, or any other platform, there is always some recommended videos or products for you. This is all due to the integration of AI-based tools and big data—the combination of these help in storing, analyzing, and predicting user behaviour. Hence, based on your pat like or dislikes, AI recommends which videos you should watch or what products you should buy.    

Chatbots

A chatbot is an AI-based interactive platform that helps customers get a resolution to their basic queries without any human intervention. It offers pre-defined answers to a series of questions based on past-user experiences and questions. Chatbots are believed to be the new cornerstone of customer engagement as they do not have to wait in queue for their answers. 

Chatbots functions on AI-based algorithms that set a trajectory for the conversation with the customers based on the answers he chooses. Due to the AI’s machine learning, as more customers use the chatbot, it keeps on recording customer interactions and analyzing the action taken.   

The Impact of Hybrid Cloud 

Hybrid cloud is one of the most flexible cloud environments offering companies with an agile IT infrastructure. It a combination of private and public clouds, wherein different applications can be deployed on different cloud environments depending on the requirement. 

A public cloud is a shared cloud environment that follows a multi-tenant approach. You can choose public cloud services from a third-party provider. Private cloud, on the other hand, can be an on-premise solution deployed by the organization, or you can choose it as a service from the provider. 

One of the perks of the hybrid cloud is that you can eliminate the complexities and bottlenecks of both private and public cloud, and build a foolproof solution. The data between the private ad public cloud can be synchronized within a virtual private network or VPN gateway. 

A hybrid cloud allows you to choose the applications and data to host on different cloud solutions. The public cloud is more affordable than the private cloud. However, the private cloud offers a dedicated environment and is more secure. 

Hence, you can mix and match the applications according to their function. For instance, the critical data can be hosted in the private cloud, whereas the applications that are used occasionally can be hosted on the public cloud (because it deploys a pay-as-you-go pricing model).   

Application of Hybrid Cloud 

One of the noteworthy applications of the hybrid cloud that is transforming the digital workspace is in the field of application development. The applications built these days need a flexible IT infrastructure that can be modified with the development requirements. This type of flexibility is not possible in traditional IT infra.

As a hybrid cloud is highly scalable, it can adapt almost instantly with the resource requirements of the latest application releases.    

Wrapping Up

Digital transformation is a perpetual process that has been going on for decades. However, with new-age tools based on AI, machine learning, and big data, the digital transformation has accelerated rapidly. To optimize the capabilities of these tools, agile platforms like the hybrid cloud have evolved, giving them the necessary processing power and resources. 

With a tech-savvy culture and constant advancements in the field of technology, the digital world is expected to see unprecedented growth in the coming years.  

                                                         — Sharad Acharya is a technical content writer at Ace Cloud Hosting, a renowned accounting, and business application hosting provider.

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“Currently, we can’t even imagine spending a single day without technology as technology has made us Effective, Efficient, Quick, Accurate and Advanced.”

Although there are various technological innovations which have completely changed the way we used to live and work, there are few technological marvels which revolutionalized the whole world and one such technological wonder is known as cloud computing. 

Cloud computing is not a new concept but it took this amazing technology several years to become a new normal for businesses. The amazing cloud computing technology has now become an integral part of most of the business and its wide implementation has made it a popular choice. There are various ways in which businesses are using cloud computing technology and one of the best things about this technological innovation is that it can be easily afforded by even small and medium-sized businesses. For example, small businesses are now using Cloud accounting solutions like QuickBooks hosting and capitalizing on its wide range of benefits. So, in this blog post, we will be taking a look at the long list of perks of using cloud computing for small businesses. 

Anywhere, Anytime Access

One of the best things about cloud computing is anywhere, anytime access. You should know that whether you use the cloud for storage or for hosting, you will get global accessibility through it as the data and the software are stored on the cloud server which can be accessed from any corner of the world and at any time. In the modern-day world, office hours are not enough for any business owner for getting the expected growth and that’s why businesses need access to their data from any location, even after the office hours. 

The cloud computing technology is one of those amazing technological solutions which offer global accessibility on any device. So, when using a cloud computing solution like QuickBooks hosting, you will not be bound to accessing your software from your office desktop only as you can easily access both the data and the software from any device which has internet access. So, it doesn’t matter whether you are on the go, relaxing on a beach or sitting in your living room, you will have access to your business data round the clock. 

Advanced Security 

Another big advantage of the amazing cloud computing solution is advanced security. Small businesses think that most of the hackers attack big enterprises as they have only big fishes on their radar but that’s not true as hackers just need sensitive business data, regardless of how big or small the business is. In such situations, choosing the cloud computing technology can prove to be a blessing for small business as it comes with advanced security layers which makes it almost impossible for hackers to breach. 

The first layer of security on the cloud computing platform comes in the form of encrypted data. Encrypted data is nothing more than a piece of trash for hackers as it can only be read with the right credentials and authorization. The next layer of security on the cloud platform comes in the form of two-factor authentication in which the user has to enter a code sent on their mobile after entering the credentials. This makes sure that even if a hacker gets his hand on your credentials, he still won’t be able to get access to your data. Along with these advanced security layers, the amazing cloud computing platform comes intact with anti-virus, anti-malware and firewall protection. So, if you are going to choose cloud computing for your business then you can work in a 360 degree protected environment. 

Affordability 

There are many small businesses who are aware of the long list of benefits offered by the cloud computing platform but they still put this amazing technology in their to-do list because they think that it is not an affordable solution but that’s not true. You should know that one of the main advantages of the cloud computing platform is its affordability and that’s why it has become a popular choice for among small and mediums sized businesses. Whether you are choosing the amazing cloud computing technology for hosting or for storage, all the cloud options can easily fit your limited budget like a glove. 

Scalability 

The most used cloud computing solution by small businesses is cloud hosting because it offers them multiple benefits and the most advantageous benefits out of all them is scalability. Change is part of nature and that’s why with changing business needs and market, you need to tune your business solution also otherwise you will not be able to match the balance between need and supply.

“The cloud hosting solution is quite scalable and you can easily scale up or scale down your cloud needs without worrying about switching cloud providers.”

You can also opt-out of the cloud hosting solution at any point of time and all this is possible because of the scalability offered by cloud hosting solution. 

So, if you are running a small business and looking forward to streamlining your business solution then you should make cloud computing an integral part of your firm as it will offer you multiple advantages at an affordable price.

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Whether it was artificial intelligence or machine learning, all the technological marvels have helped us to improve and do what was once considered impossible by the human race.

” A robot answering daily life questions of human and solving Rubik cube in 0.38 seconds would have been considered near to impossible in the past but all this is happening in the current age and it has become very normal for most of the people. “

The benefits of these technological innovations have not only helped in improving our day to day life but it has also helped us to make business functions more effective and efficient. Most of the business solutions have now moved from pen and paper and shifted to software solutions and one such technology which has completely changed how businesses work is cloud computing. 

Nowadays, the amazing cloud computing technology has become a new normal for most of the business and because of the wide range of advantages offered by this amazing solution, it has become a new normal for most of the businesses and our daily life. According to the reports of IDS, by the end of 2019, 9 out of 10 companies will be using cloud computing solution in one form or another.

The use of cloud computing technology is very vast and that’s why it has been able to see dramatic growth in the industry. So, in this blog post, we will be looking at the different uses of cloud computing so that you can understand how vast and versatile this technological miracle is. 

Cloud Hosting 

 Although there are various uses of the amazing cloud computing technology, cloud hosting is the most prominent one. During the initial phase of cloud introduction in the industry, only giant companies were able to capitalize on the advantages of cloud as it required a huge investment in terms of IT infrastructure and IT team in order to use the cloud in business solutions. But cloud hosting opened the door for small businesses as well as it became an affordable solution for small businesses. 

The introduction of 3rd party hosting provider played an important role in making cloud hosting available for small businesses as well because in such a solution, small businesses didn’t need to build an IT infrastructure or hire an IT team. In the 3rd party cloud hosting solution, all the software and the data of the firm is hosted on the cloud server of the hosting provider and even round the clock customer support is provided. One of the best examples of cloud hosting is QuickBooks hosting in which the QuickBooks accounting software is hosted on the cloud sever of the QuickBooks hosting provider. 

Now, a small business has to just choose the best hosting provider in the market, pay the nominal fee and start capitalizing on the benefits of the cloud by making it an integral part of the organization system. 

Cloud Storage

The safety of data should be one of the most important concerns for any business. Each and every type of business data like marketing data, financial data contains sensitive information about the business and it such data lands in the hand of a wrong person, it could trigger a chain reaction of disasters for the company.

Earlier, most of the business owners considered their local hard disk to the be the safest place to store their sensitive business data but those days are long gone when your local computer was an ultra-safe location for storing data and that’s where the second most used form of cloud (cloud storage) comes into play. 

The highly secured cloud storage solution has been acting as an ultra-secure platform for storing business data from almost a decade. The cloud storage offers a 360-degree secure environment for businesses because it comes with different security layers like two-factor authentication, encrypted data, anti-virus, firewall protection, and anti-malware.

There are various cloud storage solutions available at an affordable price like Google Drive, iDrive, Dropbox, etc. Most of these cloud storage solutions are available for free but if you need more space and advanced feature then you can buy a package on these solutions and capitalize on the advantages of the cloud. 

App Development 

App development on the cloud platform offers a wide range of advantages for developers and that’s why most of the developers are now using the amazing cloud platform.

” According to the survey of Evans data cloud development, the average time for developing an app was reduced by 11.6 per cent while using the cloud platform.”

The amazing cloud platform offers a tailor-made for app developers which allows the developers to focus on their core job rather than spending time building a platform for their work. 

Along with the tailor-made platform, the cloud solution also allows the developers to add multiple users on the project which enhances collaboration. With the help of cloud platform, developers are now able to get their app in the production stage and scale the application according to their requirement in minimal possible time. 

Cloud computing solution has proved to be one of the biggest benchmarks in the world and it has streamlined every part of our life and business process. If a business wants to gain competitive advantage and get expected growth then using cloud computing is the best choice. There is no doubt in the fact that cloud computing needs improvement in various fields but looking at the current rate of technological advancement, we will soon see a perfect form of the cloud. 

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