The artificial intelligence in retail market allows retailers to incorporate AI technologies like machine learning, natural language processing, computer vision and predictive analytics to enhance customer experience, optimize operations and drive business growth. AI helps retailers to deeply understand consumer behavior and preferences through analysis of purchasing patterns, browsing history...
The artificial intelligence in ultrasound imaging market involves the integration of artificial intelligence capabilities into ultrasound imaging devices and platforms. Ultrasound imaging devices make use of high-frequency sound waves to capture live images of organs, tissues, and other internal structures inside the human body in real-time. The incorporation of artificial intelligence helps...
The Conversational AI Market is estimated to be valued at USD 10.65 Bn in 2024 and is expected to reach USD 44.38 Bn by 2031, growing at a compound annual growth rate (CAGR) of 22.6% from 2024 to 2031.
Key TakeawaysKey players operating in the Conversational AI are Google, Microsoft, Amazon Web Services, Inc., IBM, Oracle, Nuance Communications, Inc., FIS, SAP SE, Artificial...
What is Conversational AI?
It refers to artificial intelligence technologies that aim to converse with humans in a natural way by understanding intent and context. With conversational AI, humans no longer need to adapt their communication style to interact with computers - instead, computers adapt their capabilities to communicate with humans in a more natural language. Some key capabilities of...
Generative AI refers to a type of AI that can learn patterns in data and generate new data that is similar to but not exactly the same as the input it was trained on. Generative AI applications include text generation, image generation, video generation, music generation, and more. The ability of generative AI to autonomously produce never-before-seen images, videos, text and other content has...
In today's digital age, data is abundant, but extracting valuable insights from it can be challenging, especially when dealing with unstructured textual data. This is where Natural Language Processing (NLP) comes into play, revolutionizing the way businesses analyze and interpret language-based data. The NLP market is witnessing significant growth as organizations across various industries...
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