‘With new technology, retailers can do business in a place where they have no operations office and rely solely on remote monitoring, resulting in significant savings in money and time.’ ‘E-commerce is hardly affected [by the trade friction] because any order below US$800 is tax-exempted. This has encouraged some traditional businesses to start an e-commerce…
Month: June 2019
Banking Brands Can’t Keep Pace With Digital Giants Without AI
“According to an MIT Sloan report cited by IBM, 81% of all enterprises do not understand what data is required for AI Many smaller banks and credit unions do not have the core capabilities or budget to create AI solutions internally, nor do they have to. The reality is that AI solutions will in most…
Consortium of Tech Firms Sets AI Benchmarks
“Andrew Ng, founder of Landing AI, speaking at a conference in Las Vegas in June. Landing AI is part of MLPerf, the consortium behind the new standards. PHOTO: MARK RALSTON/AGENCE FRANCE-PRESSE/GETTY IMAGES David Schubmehl, research director for AI systems at IDC, said benchmarks can help companies better address the complexities around AI adoption, allowing them…
Use of Artificial Intelligence to detect fraud set to triple by 2021: Survey
“While only 13 percent of organizations use AI and ML to detect and deter fraud, another 25 percent plan to adopt such technologies in the next year or two Similarly, about half of organizations anticipate employing predictive analytics/modeling (52 percent and up from 30 percent as of today) and data visualization (47 percent from current…
What it really takes to scale artificial intelligence
“To scale up AI, companies must make three shifts. First, they must transition from siloed work to interdisciplinary collaboration Second, they must switch from experience-based, leader-driven decision making to data-driven decision making, Finally, they must move from rigid and risk averse to agile, experimental, and adaptable, To ensure the adoption of AI, companies need to…