Image Credit: Frost & Sullivan “The likelihood of in-car ads converting to purchases of products and services is especially high in automated vehicles, which makes marketplace a scalable model,” said Suhas Gurumurthy, “Connected car makers will be eager to build strategic partnerships with telecom providers and communication module makers to augment on-road safety and offer…
Month: May 2019
AI is Accelerating the Growth of FinTech Companies
“FinTechs are capable of offering quality services to their customers at a comparatively lesser cost because AI enables them to control costs at each stage. They are working aggressively towards creating a more customer-friendly financial environment by removing the complexities in documentation and product delivery.” https://www.google.com/amp/s/www.entrepreneur.com/amphtml/333278
The state of the chatbot market in 2019
The global chatbot market is expected to surpass $994 million by 2024, a compound annual growth rate of 27%. In 2016, Gartner predicted that chatbots would power 85% of all customer service interactions by 2020. A HubSpot survey found that 40% of consumers don’t care if they’re being helped by a person or an AI…
8 factors shaping the future of big data, machine learning and AI
“The Strata conference provides a good barometer…Eight key points emerged for me from the event. 1. 5G will stimulate the growth of ML and result in new applications and services 2. Changing skillsets for data scientists 3. The online and offline worlds are merging 4. Internal data platforms are becoming essential for growth and innovation…
Artificial Intelligence in Retail Banking – Current Applications
“One AI company offering fraud detection to retail banks is Threatmetrix, a subsidiary of LexisNexis. Their Dynamic Decision Platform purportedly improves account authentication and identity verification. SAS offers a predictive analytics software called Credit Scoring for SAS Enterprise Miner. The solution is an added capability of their larger Enterprise Miner solution. The software’s machine learning…