A recent article on Torch.AI as featured in Entreprenuer Magazine, provides insight on how a straightforward approach to machine augmented decision making can boost a company’s revenues and protect them from fraud. According to the article, advancement in technology has made correlation and data the most precious resources and has changed the basis of competition in addition to the creation of new paths for companies across all industries (“How a Straightforward Approach to Machine Augmented Decisioning Will Protect Companies From Fraud and Boost Revenue,” 2018). Companies are losing potential revenue from advances in technology due to lack of skills to extract sustainable and meaningful value from small sets of data. Also, companies lack the needed infrastructure to incorporate, organize, and collect data insights. Therefore, companies such as Torch.AI has developed enterprise augmented intelligence solutions to assist firms that struggle with data management (“Home – Torch.AI: Home,” 2018). Adoption of technologies, such as machine and blockchain technology, innovative and new avenues are explored to solve the issues.

 

 

Torch.AI has created a collaborative team of business analysts, solution architects, and advanced technologists to develop advanced software applications that make data more relevant, intelligent, and usable to people and provide solutions to problems addressed in the article (“Home – Torch.AI: Home,” 2018). Machine learning and artificial intelligence are being used in the current world to power simple things. Gmail, for example, uses artificial intelligence to filter most of the spam emails. Artificial intelligence can convert unstructured data into network-centric structured information that can be used to solve complex problems faced by firms in various industries. According to the SV Advisory Group, hard issues facing clients can be addressed using complex technologies presented in a simplified form. Notably, strategic use of technology has the chance of boosting a company’s revenue (“How a Straightforward Approach to Machine Augmented Decisioning Will Protect Companies From Fraud and Boost Revenue,” 2018). The high cost of labor is the primary challenge for many firms, but through artificial intelligence and machine learning, cost-effective physical robots are developed, and they increase productivity, improve accuracy and predictions, and expand discovery of solutions to complex problems. Machine learning can mitigate fraud by using network-centric intelligence to eliminate insider threats and reduce payment errors. Torch.AI has partnered with technology consulting firms and commercial enterprise customers to enhance service delivery through the incorporation of artificial intelligence and machine learning (“How a Straightforward Approach to Machine Augmented Decisioning Will Protect Companies From Fraud and Boost Revenue,” 2018). The company has adopted AI implementation by appreciating its ability and using it to make appropriate use of information through various machine learning applications and complex neutral network analysis.