How To Succeed With Enterprise AI: Buy Vs. Build

Buy vs. Build

“Today (according to the TalentSeer 2020 AI Talent Report), if you want to hire AI engineers, you must be willing to pay north of $350K in total compensation to win against Amazon, Google, Microsoft, Facebook, and many growing start-ups.

Examples of other solutions that can provide AI PaaS solutions include:

●     TensorFlow – open-source, 

●     Petuum – ease-of-use, 

●     NeuralDesigner – neural networks, and

DataRobot – visual interface.”

Young people have a popular pandemic pastime: Filling, then abandoning, e-commerce shopping carts

Dinendra Haria | SOPA Images | LightRocket | Getty Images

“Last June, Jordan Elkind, who, at the time, served as the VP of retail insights for customer data and identity platform Amperity, told Today that data from the onset of the pandemic showed a 94.4% cart abandonment rate, compared to 85.1% in the comparable period last year. That would equate to billions of dollars in forgone e-commerce revenue, he said.”

Haptik Announces Launch of Buzzo: Voice Assistant for eCommerce

– “In the post pandemic era, according to Forrester Research, e-commerce sales have grown by 20% in the US and digital is now the default way of shopping for most millennials.

– One of the world’s largest conversational AI companies announces new product to serve e-commerce brands globally

– Buzzo is a multilingual voice assistant enabling better search, discovery and purchase for e-commerce websites and apps

– First implementation is for JioMart – one of India’s largest grocery platforms with more than 3 million orders a month” Expands Personalization Capabilities Pushing New Boundaries to Support Grocers

  • “, the end-to-end digital commerce solution for grocers, today announced the launch of its Smart Basket, in addition to other personalization tools to meet the shifting industry.
  • Customers will benefit from intuitive experiences including product promotions, option to repurchase a “one-click” basket, reminders based on previous purchase history and recommendations for alternative or complimentary products.
  • ‘For most shoppers, digital grocery shopping is all about the convenience it offers. By creating personalized experiences, customers are more engaged with brands and are encouraged to repeat purchases, which is key for grocers to grow and maintain operations.’”

Why McDonald’s might sell part of this AI startup

  • “When the chain paid $300 million for Dynamic Yield two years ago, it was central to the company’s digital strategy and one of its largest acquisitions in decades.
  • The company works with other clients besides McDonald’s, and that business has grown since the acquisition and now works with 300 other brands globally.
  • It facedpressure from franchisees and Wall Street to show better results after from its technology investments — part of a push by former Chief Executive Officer Steve Easterbrook, who was ousted in 2019.”