“When we asked how adept financial institutions were in using AI to determine next best action/offer for customers or prospects, more than 75% of all banks and credit unions said they were “Not Adept.” While it was not surprising that 78% of the largest organizations thought they were either “Adept” or “Moderately Adept” at determining…
Month: July 2020
Utilizing Visual Artificial Intelligence for Ecommerce Monetization
“Through the power of machine learning, the first step in the process of utilizing your product catalog is to vectorize the item images. This is the process of converting image files into a format that is usable by machine learning algorithms. The next step is to perform multi-label classification and build a taxonomy around your…
8 Ways AI is Revolutionizing the eCommerce Market
“1. Voice-based Assistants 2. Automated Warehouse Operations 3. Personalized Searches 4. Effective Chatbot Support 5. AI-driven Advertising 6. Image Recognition Technique 7. Cybersecurity 8. Accurate Sales Forecasting” https://www.promotionworld.com/articles/ecommerce-sales/200727-8-ways-ai-revolutionizing-ecommerce-market
The US Department Of Energy Is A Surprising Powerhouse In AI: An Interview With Cheryl Ingstad, Director, AI And Technology Office At U.S. Department Of Energy (DOE)
“How important is AI to the DOE’s vision of the future? Cheryl: I am convinced that AI will prove to be every bit as transformative to our daily lives as the onset of electricity was more than a century ago. The DOE has been using AI and ML in some very advanced ways. Can you…
CB Insights: AI venture deals in Q2 2020 slump to lowest since 2017
“According to a new report from CB Insights, AI-related startups raised $7.22 billion in 458 deals during the three months ending June 30. Both figures were down from the $8.4 billion invested in 516 deals during the first quarter of 2020. Heading into 2020, AI had become one of venture capital’s hottest sectors. AI startups…