Amazon Ad Revenue Estimated To Reach $40 Billion By 2023, As AI Increases Ad Prices

  • “Juniper research forecasts Amazon’s advertising revenue will reach $40 billion by 2023 — up 470% since 2018, driven by artificial intelligence and machine learning.
  • Overall, Juniper forecasts total ad spend on digital advertising will reach $520 billion by 2023, up from $294 billion this year
  • Amazon already dominates the U.S. ecommerce marketplace, which will surpass $129 billion this year, according to eMarketer. That means Amazon will take 20% of all U.S. retail ecommerce sales in 2019.”

AI in Banking – Vendor Scorecard by Emerj

I was excited to see the announcement of this new report titled “AI in Banking Vendor Scorecard” from Emerj earlier today. The price has caused me to pause on the purchase (see below).

However, I’m supposed to receive an executive summary by email. I’ll let you know if I move forward the purchase.

“Two points among the dozens of insights within the report jumped out at us immediately:

1 – Chatbots are Overhyped: Conversational interfaces are the focus of over 35% of the AI-related press releases from top 100 banks, but they represent only 8% of the total funding received by AI vendors selling into banking.

2 – Banks are Focused on Risk, Not Efficiencies: Of the nearly $3 billion raised by AI vendors selling into banking, well over 50% was raised by vendors selling products for fraud and cybersecurity, compliance, risk management, and lending.”

Access the full report here, but note it’s not cheap (image below).

On a separate but related note, I looked through the table of contents, and there’s a segment that doesn’t appeared to be covered. I’m really looking for AI vendors that are experts in the financial services space; plus, are specifically focused on delivering personalized content and recommendations or “nudges” as I heard them referenced at the ABA conference last week.

I’m not ready to recommend any of these vendors quite yet, but here are a few that I’m researching:

Finally, I noticed in the table of contents that Emerj recognized Cognitive Scale for the “Wealth Management” segment.

This is a company that I also recognized as a “Gold” app winner in my 2019 Spotlight Awards earlier this year. See the full list at the link below.

E-Commerce Search Is On The Verge Of A New Era

  • “When test subjects were assigned product-finding tasks on various sites, they were unable to locate the item almost one-third (31%) of the time.
  • Amazon has a legion of software developers immersed in artificial intelligence (AI), machine learning and deep learning, as well as…almost 200 million visitors each month.
  • The beauty of production-ready AI, as the term implies, is that it gives e-Commerce companies access to state-of-the art AI tools that they can deploy immediately.”

Lucidworks –

We saw a 50-60% increase in conversions just from turning on Fusion.”

Jacob Wagner

Director of IT – Content, Bluestem Brands

IBM’s Bluewolf Announces Availability of Its AI for Connected Commerce

“’The combined intelligence of IBM and Salesforce can help transform the retail experience by harnessing insights across the entire enterprise, customer journey, and supply chain to deliver on customer expectations with scale, speed, and return,’ said Sandeep Singh, VP and Retail Industry Leader at IBM. ‘Through the strategic vision and partnership of both companies, we have developed a specific industry approach that can help transform the way our retail and consumer products clients engage with their customers through agile, cross-channel retailing and operational agility.'”