“According to Gartner, there are two distinct ways in which business leaders can monetize data. Direct Monetization. The way to realize value from this avenue involves directly adding AI as a feature to existing offerings. Indirect Monetization involves embedding AI into traditional business processes with a focus on driving increased revenue. A popular example of this…
Month: May 2019
A vendor stepping up with ai for business banking
Personetics brings AI to small business banking “As many as 90% of small business owners would like to conduct their banking activities digitally, but only 41% do it today. Two-thirds of the respondents want online cashflow management, forecasting, and budgeting tools from their bank. Only 14% are currently getting financial guidance from their bank. ‘Small…
22 year old CEO changing the food industry
“Last year, Halla released an “Intelligent Ordering,” program that uses food data and purchases to build a consumer profile and curate recommended products. A report from the Food Marketing Institute and Nielsen estimate by 2022 online shopping will bring in $100 billion in annual sales. Nearly half of all grocery shoppers already buy some consumer…
AI Banking: Differentiate and Key to Success
AI Innovation: A Differentiator for Banking “Prema Varadhan, VP of AI Centre of Excellence, Temenos, speaks at The Temenos Community Forum 2019 in The Hague about the priority banks place on the value of AI to their institutions, which business functions are likely to gain the most value from the use of AI and the…
All Retail eCommerce vs Amazon, Walmart and Alibaba
Winning retailers pick their battles: “Amazon spend over $20bn annually on technology. Walmart spend over $5bn in capex on ecommerce and technology. It is just not possible for many to play this game. Being at the frontier of speed is not always necessary: 40% of ecommerce delivery in the UK, which is one of the…