Chick-fil-A tests autonomous delivery in Austin, Texas

“Chick-fil-A, the fast food restaurant chain specializing in chicken sandwiches with a side of god, said on Tuesday that it enlisted Refraction AI to deploy a fleet of the startup’s self-driving vehicles to two of its restaurants in downtown Austin — at 6th & Congress, where the companies held initial testing, and on Martin Luther King boulevard. The commercial pilot will begin in late June, Refraction said in a statement.”

https://techcrunch.com/2022/05/31/chick-fil-a-taps-refraction-ai-for-autonomous-delivery-pilot/

Transforming Financial Services with Data-Driven Insights

  • “Banks and financial services institutions face increased competition not only from peer organizations within the industry, but also now from FinTech startups, Neobanks, and others. The way to compete is to deliver highly personalized services and innovative offerings. And increasingly, the way to do that is using AI/ML to derive data-driven insights upon which those services and offerings can be based.
  • The potential for industry disruption is enormous. Open banking enables the exposure of customer financial data via APIs, extending an organization’s reach far beyond traditional financial services institutions. The open banking market is expected to reach $43.15 billion by 2026, growing at a compound annual growth rate (CAGR) of 24.4% through 2026, according to Allied Market Research.”

https://www.hpcwire.com/solution_content/microsoft-nvidia/transforming-financial-services-with-data-driven-insights/

Scotiabank Is Leading The Way With Advanced Analytics And AI

  • “We’ve had some aborted attempts to bring analytics and data to the Bank in a meaningful way. And through this journey, we have learned from our mistakes to enable us to move from siloed analytics, data, and AI professionals into a unified centre of excellence where we have integrated teams across the various business lines and functions.
  • Simply having AI, analytics, and data as capabilities does not mean that we are driving value, and if we don’t drive value, we don’t have a place in the Bank. So, one of the things we said we must do differently is, rather than put the function in technology, in operations, or in marketing where these teams often live, we will have data and analytics report directly to the business lines. We had to ensure that the value was from the business users using the solutions and driving tangible value
  • We learned that by bringing data and analytics tightly together, aligned with technology, and by having priorities and shared goals set by the business, it’s less about the sophistication of the model and it’s more about the meaningfulness of the outcome.”

https://www.forbes.com/sites/cindygordon/2022/05/28/scotiabank-is-leading-the-way-with-advanced-analytics/?sh=47e70d5a5092

How Is Retail Evolving: Implementing AI in Brick-and-Mortar Stores

  • “Google has highlighted 75 use cases for Artificial Intelligence in retail, ranging from personalized promotional offers to consumer trends analysis and digital shelf space management.
  • According to a study by Accenture, AI can improve productivity by more than 40%.
  • AI is expected to grow from less than $5 billion to more than $31 billion in the global retail market by 2028.
  • With numerous benefits for productivity and efficiency within retail, here are four primary pros for Brick-and-Mortar physical stores:
  1. Attracting more Customers
  2. Offering Engaging Experiences
  3. Employing Practical Promotion and Merchandising
  4. Improving Operational Efficiency

AI can help You Address 3 Significant Retail Trends in 2022

  1. Virtual Assistance to Hybrid Consumers
  2. Tackling Supply Chain Difficulties
  3. Easier Returns and Smooth Pickup Experience”

https://readwrite.com/how-is-retail-evolving-implementing-ai-in-brick-and-mortar-stores/

Lakeland credit union partners with AI lending platform

  • “MidFlorida Credit Union is partnering with Zest AI, an artificial intelligence-powered lending platform that automates the loan approval process.
  • The partnership will expand lending opportunities for the credit union’s 434,000 members throughout the state
  • State-chartered MidFlorida is the second-largest credit union in Tampa Bay, with around $6.05 billion in assets in 2021, 65 branches, and 1,250 employees across the state”

https://www.bizjournals.com/tampabay/news/2022/05/24/midflorida-credit-union-zest.html