“In early 2020, news emerged that Facebook had acquired London-based computer vision startup Scape Technologies Though this acquisition was actually finalized in December 2019, it wasn’t until February that Facebook confirmed it had quietly bought London-based deep learning research startup Atlas ML. In November, Facebook confirmed it was buying New York-based customer relationship management (CRM)…
Tag: AI
How digital transformation and AI can help businesses navigate volatility
“According to our COVID-19 B2B Buying Trends Report, 37% of businesses have been primarily purchasing through digital channels since the start of the pandemic, a 29% increase compared to before. That figure is expected to rise to 40% post-pandemic.” https://www.google.com/amp/s/www.globalbankingandfinance.com/v/s/www.globalbankingandfinance.com/how-digital-transformation-and-ai-can-help-businesses-navigate-volatility/%3famp_js_v=0.1&usqp=mq331AQHKAFQArABIA%253D%253D#ampf=
U.S. holiday retail sales rise 3% as online shopping booms- Mastercard report
“U.S. retail sales rose 3% during this year’s expanded holiday shopping season from Oct. 11 to Dec. 24 U.S. ecommerce sales jumped 49% in this year’s holiday shopping season, Holiday e-commerce sales made up 19.7% of total retail sales this year, the data showed, noting that options such as buy online and pick-up-in-store, contactless technologies…
Skyrocket Your Year-End Ecommerce Festive Sales With AI
“The eCommerce major recommends personalized categories based on your previous purchases, onsite searching, and browsing history. Such a level of personalization – despite having scope for improvement – is estimated to increase sales by 10% according to a report. Studies show that returning customers account for 40% of eCommerce revenue while being only 8% of…
How Data and AI Will Keep Your Customers Happy and Engaged
“Thanks to advances in social media, customer engagement is at its highest point. However, as businesses scaled up, they started to realize that there was simply no way they could deal with fielding hundreds or even thousands of relevant comments, questions, and feedback from consumers. Some businesses try to hire staff to cope with this…