Tag: AI4business

How Often Should You Retrain Machine Learning Models?

A common question in the domain of AI and machine learning is: how often should you retrain machine learning models? The answer isn’t as straightforward as you might think. It’s not a one-size-fits-all solution, but rather a process that requires careful consideration and strategic planning. In this article, we’ll explore three strategies for deciding when […]

Written by on Mar 23, 2024

Reject Option: Your AI Model Has the Right to Remain Silent

When it comes to AI models, we often expect them always to provide an answer. But what if we could trust them more when they choose to remain silent? This concept, known as the ‘Reject option‘, allows AI models to abstain from answering when they are not confident, opening up many applications in your business […]

Written by on Mar 16, 2024

Kelwin Fernandes at the leacture the 3 tribes of AI. UPdate2024

Empowering Future Leaders with AI: NILG.AI at UPdate 2024

At NILG.AI, we were recently proud sponsors at UPdate 2024. We lead both a workshop and a lecture by our CEO, Kelwin Fernandes, who has over 15 years of experience in AI. Our goal? To empower future leaders and professionals to navigate the complex yet rewarding terrain of AI with confidence and safety. UPdate 2024, […]

Written by on Mar 8, 2024

what does AI mean for your business

What Does Artificial Intelligence Mean For Your Business?

Artificial Intelligence (AI) is a term on everyone’s lips these days. But it’s not just a buzzword to attract investors and new clients. It’s a transformative technology that can revolutionize your business. But what exactly is AI, and how can it transform your business? Let’s dive in. What is Artificial Intelligence? Artificial Intelligence consists of […]

Written by on Mar 7, 2024

AI in the waste management industry

NILG.AI has scored yet another impressive victory in open innovation, the Re-Source challenge, organized by Sociedade Ponto Verde and Beta-i. The program aims to build strategic partnerships with innovative startups and established industry leaders through impactful pilot projects. This time, our proposal focuses on applying AI in the waste management industry to find more sustainable […]

Written by on Mar 6, 2024

7 Reasons Why People Resist AI Models and How to Overcome Them

AI models can potentially revolutionize businesses, but they often face resistance from the very people they’re designed to help. In this article, we’ll explore the seven most common reasons why people resist AI models and provide practical solutions to overcome these challenges. 7 Reasons Why People Resist AI Models In this section, we’ll explain the […]

Written by on Mar 3, 2024

Business-centric AI: A New Perspective for Your Company

Coping with the challenge of integrating AI into your business? You’re not alone. Many companies struggle to find the right approach to AI, often getting lost in technical details or data management issues. However, there’s a solution that transcends these common pitfalls: Business-centric AI. This transformative strategy is the perfect way to align your core […]

Written by on Feb 10, 2024

Long-term vs. Short-term Predictions in Machine Learning

When building a machine learning model, one of the most common questions is whether to opt for long-term or short-term predictions. In other words, should you build a model that forecasts an event tomorrow or a month from now? Our article will demystify this critical decision-making process. We’ll walk you through a strategic approach that […]

Written by on Jan 27, 2024

Ditch the Crystal Ball: Reverse-Engineering with Machine Learning

  Machine Learning models are estimators – which means they can be used not only to predict unknowns in your business but also to reverse-engineer complex business processes. As part of this blog post, you will learn how to identify these potential points of improvement, prioritize them, and create models to estimate them. Identification How […]

Written by on Dec 27, 2023

Unlocking Business Success with Langchain: The Power of Smart Document Summarization

Imagine a bustling corporate boardroom where executives, armed with stacks of reports and documents, gather for a high-stakes decision-making meeting. The clock is ticking, and the pressure is palpable. In the midst of this chaos, there’s an untapped opportunity—a way to transform this situation from a time-consuming ordeal into a seamless, efficient process. Welcome to […]

Written by on Dec 2, 2023