“The question is, how should companies focus their resources in 2021 to prepare for this changed reality and the new technologies on the horizon? Here are three trends that I predict will see massive attention in 2021 and beyond. AI must become practical Solutions become more autonomous with deep learning Promise of curing future pandemics…
Month: January 2021
Retailers No Longer Compete Against Each Other, But Against Amazon Marketplace
“Mastercard’s Spending Pulse data for holiday 2020 found that while department stores’ overall sales fell 10.2 percent during the season, their eCommerce sales only rose 3.3 percent. Amazon enjoyed a 14.3 percent market share for all clothing and apparel sales during 2020’s third quarter versus just 9.5 percent a year earlier. By contrast, Walmart’s share…
Model Behavior: Banks See AI As A Customer Experience Tool
“It can help banks reduce tens of millions of dollars in losses, which will get the attention of every financial services company on the planet. But AI, he said, can provide a lot more than that in terms of protecting FIs from risk. It can also make it possible to preserve a delightful consumer experience…
AI Innovation in Banking Is on the Threshold of Significant Advances
“The Economist Intelligence Unit found that only 15% of banks and insurance companies utilized AI, but almost 90% planned on increasing AI-related investments in fintech over the next five years. Asked why, they said AI was unlocking new growth and shrinking costs. Half said AI would drive new products and open up new markets.” https://thefinancialbrand.com/103604/ai-innovation-banking-fintech-agile/
Microservices-based applications rely on key-value or NoSQL databases – study
“Nearly half (47%) of microservices applications rely on a database according to study conducted by IDC, with an overwhelming majority of 84% respondents using a Key-value or NoSQL database for their microservices-based applications. According to IDC’s research, 24% of microservice applications are considered to be business-critical, of which, 42% would directly result in revenue loss…