“To put data into perspective, according to the Salesforce Global Shopping Index, between Q1 2019 and Q1 2020, retailers experienced a spike of 16% in digital traffic growth. Additionally, the average spending per visit grew by 4%. As per the report, the number of unique digital shoppers rose 40% year-over-year (YoY) compared to 12% in…
Month: June 2020
‘SPECIAL SAUCE’ GETS AI TO COPE WITH CHAOS
“‘The Hamiltonian is really the ‘special sauce’ that gives neural networks the ability to learn order and chaos,’ says corresponding author John Lindner, a visiting researcher at North Carolina State University’s Nonlinear Artificial Intelligence Laboratory (NAIL) and professor of physics at the College of Wooster. ‘With the Hamiltonian, the neural network understands underlying dynamics in…
Digital transformation: What can banks learn from other sectors?
“The best customer experience comes when the model is able to explain its decision to a customer service agent, who can then act as an intermediary to break the good or bad news to the customer. This is assistive AI in action Take Monzo, for example, which is one of the UK’s biggest success stories…
WEBINAR OVERVIEW AI to survive and thrive in ecommerce with Coveo and Accenture
“For those who do engage with a search box, about 50% are more likely to convert.” Findings include 39% of sites evaluated did not have searchable categories – and of those that did, only 19% implemented it well https://internetretailing.net/webinars/webinar-overview–ai-to-survive-and-thrive-in-ecommerce-with-coveo-and-accenture
How machine learning combats financial cybercrime
“One of the challenges with anomaly detection, especially when using deep learning techniques, is that it’s sometimes difficult to understand why certain transactions or companies were singled out as suspicious. Strictly speaking, the machine simply yields groupings and anomalies, hence requiring a human specialist to interpret the results. But what if an AI could tell…