“Arguably, Black Friday is one of the biggest days for banks, and this is only possible because of their digital offering. It was estimated last year by one bank that the total number of transactions processed through its payment system over the course of the Black Friday weekend was 10 million on Friday, eight million…
Tag: AI
Here’s why machine learning is critical to success for banks of the future
“’We have 608 million transactions every month. Hence, with AI and machine learning we are able to identify a good transaction done by an innocent person versus transaction conducted by criminals,’ Prior to the advent of ML, decisions were made on a rule-based system, where the same criteria are applied across a broad customer segment,…
5 Fixes for Common AI Challenges
“A survey from SAS and the Global Association of Risk Professionals showed that 81% of FinServ risk professionals are already seeing benefits from AI technologies The challenge: Model interpretability. The fix: Create explainable AI. The challenge: Data availability and quality. The fix: Feed a steady supply of healthy data. The challenge: Cost and time to…
Record Black Friday Sales: 14% Growth To $7.2B In Digital Revenue
“Thanksgiving sales were up as well, passing $4.4 billion. 2019 Black Friday saw $7.2 billion in digital sales in the U.S. alone. That’s up 14% over last year. Mobile accounted for almost half of all e-commerce on Thanksgiving Day itself, and on Black Friday mobile surpassed the 50% mark.” https://www.forbes.com/sites/johnkoetsier/2019/11/30/record-black-friday-sales-14-growth-to-72b-in-digital-revenue/#39ae720b6aff
Lego Will Use AI and Motion Tracking To Turn Guests Into Minifigures at Its New York Theme Park
“Lego will harness the same AI and deep learning approaches that make deepfake videos a reality, but to turn riders into minifigure versions of themselves that mirror not only their movements, but their appearance too.” https://www.google.com/amp/s/gizmodo.com/lego-will-use-ai-and-motion-tracking-to-turn-guests-int-1840083938/amp