“Maximizing AI starts with connecting all aspects of the business – from point-of-sale to digital to tech – in order to make the technology smarter. Integrated channels will allow brands to progress, rather than continuing to operate in silos with too much human interference and a lack of holistic tech solutions.”
“The average new-account attrition rate after six to 12 months is 28%, he says, and can be as high as 35%. Further, 65% of acquired deposit customers turn out to be single-service households, on average. “All these things can be attacked with a good strategic plan supported by analytics and artificial intelligence,” Henkel states.”
“In today’s so-called smart era when everything is getting virtual, the implementation of Artificial Intelligence in e-Commerce is a remarkable movement towards progress. By adopting the AI technology, e-commerce businesses are creating a boom in the market.
Artificial Intelligence is somewhat a challenge to the creative power of a human being. It aims to achieve something which at times becomes tedious for human employees. With the right coding, it learns faster and better than compared to humans.”
“It began using Kasisto’s conversational AI platform to communicate with customers in 2017 and a year later bought AI technology startup Layer 6. It also started working with Flybits to use AI to personalize its mobile banking offering.”