“There is a high demand for AI and ML in almost all industries, and it’s not going to reduce. Currently, AI technology holds a global market value of over $30 billion US. It’s forecasted that the global AI market will grow rapidly in the coming years, reaching up to $126 billion US by 2025. In…
Month: January 2021
Google launches suite of AI-powered solutions for retailers
“Google today announced the launch of Product Discovery Solutions for Retail, a suite of services deigned to enhance retailers’ ecommerce capabilities and help them deliver personalized customer experiences. Product Discovery Solutions for Retail brings together AI algorithms and a search service, Cloud Search for Retail, that leverages Google Search technology to power retailers’ product-finding tools….
The 5 Hottest Technologies In Banking For 2021
“In Cornerstone’s What’s Going On in Banking 2021 study, the top five technologies for 2021 are: 1) Digital account opening; 2) Application programming interfaces (APIs); 3) Video collaboration; 4) P2P payments; and 5) Cloud computing. Nearly half—44%—of banks and a quarter of credit unions expect to add a new or replacement consumer digital account opening…
From artificial intelligence to drone delivery and more ecommerce – retailing is changing, like it or not
“Cyber-buying was almost non-existent a decade ago, accounting for only 4.5 percent of retail sales. The latest data for 2020 show it now accounts for 16.5 percent of retail sales in 2020. That’s an amazing almost four-fold increase within a decade. there will be three big enhancements to cyber-buying that will be applauded by some,…
AI banks, next big thing in SA market
“One hindrance in the adoption of AI could be the perceived complexity and expenses of the exercise. A requirement to have data clean and in central point, employing data scientists to undertake analysis, build and test models, then having the flexibility to react to a model’s outcome sounds like a difficult and expensive journey. Winjit’s…