“It’s Cyber Monday and Amazon has one deal for its customers that’s a little unexpected. The company just announced that it has made available, for free, the same machine learning courses that it uses to train its own engineers. It’s a lot of information to digest — from a programming standpoint. According to a newly…
Month: November 2018
In The Age Of Algorithms, Will Banks Ever Graduate To True AI? – PYMNTS.com
“Data mining is not true AI (more about that in just a bit), but how it is used illustrates another important trend involving AI and ML: the correlation between a bank’s size and the sophistication of its learning systems, with larger banks typically using more sophisticated systems than smaller ones. When it comes to data…
7.6% – average yearly financial expense attributed to fraud
According to a 2016 report, the average yearly financial expense attributed to fraud for retailers was 7.6 percent of annual revenue across all channels, including online and offline sales. And that is on a business-as-usual day. On peak-retail days, clients operating on Amazon have reportedly seen an increase of 150 percent in fraud attempts. But…
Amazon and aieCommerce to impact 7M jobs and 25% of malls (Dr. Tu-Lam Pham)
Overview: How to compete with Amazon Win through direct to consumer model: Casper Mattress, Warby Parker glasses Keys: 1) Good Value 2) Easy Returns 3) Utilize data – “Data is the new oil” 4) Simple Marketing – Mobile First, Social, Content; “Don’t buy media, create media” 5) Adopt New Tech Early – Messaging apps are…
3%-18% conversion rate improvement in Reflektion case studies
This afternoon I was checking out vendors leveraging AdWords to reach eCommerce professionals. I combed through the Reflektion site, and was impressed by their case studies with some well known brands. Conversion Rate Improvement: Toms – 3.3% Marmot – 13% Cafe Britt – 18% Check out the full details: http://reflektion.com/category/case-study/ Also, an interesting visual to…