Natural Language Generation: The Latest Trends and Business Use Cases

Think about all the content that surrounds us daily. People and their devices create an enormous data infrastructure that is growing exponentially over the years. Where will it take us, and how do we derive value from the information flow?   The biggest complication is that data can’t explain itself. It is basically useless without an expert who understands it. At the same time, the number of interconnected devices is already ...

Fintech and AI: How Companies Can Benefit from Machine Learning and Artificial Intelligence

“Ignoring technological change in a financial system based upon technology is like a mouse starving to death because someone moved their cheese.” – Chris Skinner, fintech expert and author of Digital Bank and its sequel, ValueWeb.  It’s no secret that fintech is a pioneer in adopting innovative technologies. While artificial intelligence is something alien for many industries, the market for AI in fintech is expected to grow at a 23.17 percent compound annual growth rate ...

What Is Regtech in Banking, and How Does It Help Mitigate Financial Risks?

Regulatory compliance is a challenge for financial institutions nowadays. If you’re reading this article, you probably agree, just like thousands of entrepreneurs all over the world.   Where is that compliance lifeline everyone is looking for? It lies within financial RegTech. Now we know that the RegTech market is booming: with a market size of 6.3 billion USD in 2020, it will reach 16 billion USD in 2025 (Markets And Markets). What a huge leap!  The increasing number ...

Artificial Intelligence and Decision-Making: Use Cases, Integration, and Our Advice

Not so long ago, artificial intelligence was a tricky invention from fiction books and movies. Today, things have taken a different turn, becoming a part of business reality. We at CHI Software are exploring AI from various perspectives, applying it in numerous domains. In this article, we look closely at AI-based decision-making. In a Gartner survey, 65 percent of respondents agreed that their decisions now are more complex (involving more ...

Artificial Intelligence in the Retail Industry: Improving Shopping Experience

Retail has been using traditional methods in analytics and customer relations for decades. But it won’t last forever. What retailers (including your business) do need now is deep insights, allowing them to compete and grow their loyal audience. The best way to get it is to deploy innovative technologies, such as artificial intelligence (AI) and machine learning (ML). And it’s not just a random opinion. With 35% CAGR – this ...

Unstructured Data Management: Our Advice

Have you ever thought about the amount of data that surrounds you daily? How about the volume of data in your business life? Here are some staggering stats. Every second of 2020, Facebook users sent 150,000 messages, YouTube users uploaded 500 hours of videos, and Instagram users posted 347,222 stories (according to the Data Never Sleeps report). The question is, how is it possible to handle information you can’t control ...