Dataiku, Rabobank extend partnership for AI innovation in banking

“Enterprise AI platform Dataiku has extended its partnership with Rabobank.
Dataiku’s platform supports Rabobank’s Intelligence Lab in deploying AI projects across the organisation for hundreds of users. More than 100 AI initiatives have been successfully completed in less than two years.

Rabobank started transforming into a data-driven organisation in 2011. During this time, the bank has been using Dataiku to support its AI projects. The bank has gone from just a few users and use cases to 150+ Dataiku users and broad adoption of AI across various departments such as marketing, sales, finance, risk management, and audit.”–1250536

Apple is reportedly working on a pay later feature for Apple Pay

Image credit: Apple

“According to Bloomberg, the company is working with Goldman Sachs on a service called ‘Apple Pay Later’ that will allow those with its devices to settle purchases over time, including ones they make at physical shops.

When using the service, the outlet says you’ll have two ways of paying for your purchase. If you pick the ‘Apple Pay in 4’ option, you’ll need to make four interest-free payments across two months.”

How Levi Strauss is upskilling its workforce to embrace data and AI

Image Credit: Dean Takahashi
  • “Levi’s deploys AI to build better relationships with its customers and optimize its profit margins. While most companies bring in engineers to scale up machine learning operations, Hendrickson said, Levi’s deviates from the norm by teaching its existing workforce how to work with data and new technology through a boot camp”

AI is trying to prevent online shoppers from ditching their carts

  • “35% of shoppers will just simply go elsewhere. And so, it’s obviously a big problem for retailers, but we tend to see it as a big opportunity. And it’s an opportunity where artificial intelligence is playing a really big role in helping narrow that gap of those abandoned carts.
  • We’ve seen this abandonment issue. We’ve seen average order values go flat, and the injection of artificial intelligence, the objectives of things like semantic vectors, has allowed us to almost eliminate those problems for customers. We work with a top five retailer that eliminated 90% of zero result searches, resulting in a nine-figure return.”

Transform 2021: Retail’s key topics

Image Credit: Getty Images
  • “Join retail leaders at the industry’s premier AI digital event, Transform 2021, hosted July 12-16.
  • Hear from top retail industry experts on strategy and technology in the main application areas of AI/ML Automation Technology, RPA, data analytics, conversational AI, intelligent AI assistants, AI at the edge, IoT, computer vision, AR/VR, & robotics.”