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Off the Shelf vs Custom Software: Making the Right Choice for Your Business

Trigent

Here’s all that you need to make an informed choice on off the shelf vs custom software. While doing so, they have two choices – to buy a ready-made off-the-shelf solution created for the mass market or get a custom software designed and developed to serve their specific needs and requirements.

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Gather AI secures new cash to scan inventory in warehouses using drones

TechCrunch

The proceeds bring the company’s total raised to $17 million, which CEO Sankalp Arora says is being put toward expanding Gather’s deployment capacity and go-to-market plans as well as hiring new machine learning engineers. ” Gather isn’t the first to market with a drone-based inventory monitoring system.

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5 questions CIOs must ask after Southwest Airlines’ failure

CIO

In 2017, Fast Company wrote that Southwest Airlines’ digital transformation “takes off” with an $800 million technology overhaul, but only $300 million was dedicated to new technology for operations. The investment seems minuscule given that Southwest Airlines was a $33-$38 billion market capitalization airline in 2017.

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Propensity Model: How to Predict Customer Behavior Using Machine Learning

Altexsoft

It’s a common practice for companies and their marketing teams to try guessing how likely certain groups of customers are going to act under certain circumstances. To help companies unlock the full potential of personalized marketing, propensity models should use the power of machine learning technologies.

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Molecule.one grows its drug synthesis AI platform with a $4.6M seed round

TechCrunch

Its machine learning systems predict the best ways to synthesize potentially valuable molecules, a crucial part of creating new drugs and treatments. The company leverages machine learning and a large body of knowledge about chemical reactions to create these processes, though as CSO Stanis? . odarczyk-Pruszy?ski

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10 things keeping IT leaders up at night

CIO

That’s not to say they’re looking to ditch their roles or smash machines, as the real Luddites had. The Society for Information Management (SIM) recently conducted its annual trends study and found that nearly a quarter of the IT leaders polled listed AI and machine learning as an area of concern, says SIM CEO Mark Taylor.

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The Process Automation Map

Bernd Rucker

In this case, the decision is not too hard: as thousands of companies have the exact same requirements you have, you can simply buy a standard HR software or leverage an off-the-shelf cloud service around payroll. As a first project, you need to automate the payroll run, which is a manual and tedious process at your company currently.