“Walmart this morning unveiled a new “store of the future” and test grounds for emerging technologies, including AI-enabled cameras and interactive displays. The store, a working concept called the Intelligent Retail Lab — or “IRL” for short — operates out of a Walmart Neighborhood Market in Levittown, N.Y. Similar to Amazon Go’s convenience stores, the…
Tag: artificial intelligence
TD Bank moves to Microsoft Azure cloud
“TD Bank Group (TD) will use Microsoft Azure as the cloud foundation to provide its technology and design teams with tools designed for efficient access to data and artificial intelligence (AI) resources. “Every financial services company today has an incredible opportunity to apply advances in cloud and AI to redefine every aspect of their business,”…
Interview: How Fashion E-Tailer And Recommendation Platform Suggesty Is Enabling Next-Generation International Commerce
“The second trend that I see with fashion ecommerce in the U.S. is that the customers are still more hesitant to make online purchases for more than $200. However, in Asia, consumers are more used to having a higher-priced digital transaction. We did experiment with AI, but at the end of the day, AI and…
Regions Bank Partners with IBM to Help with AI
“Watson has helped Regions answer over 1.5 million customer calls and 1.4 million banker questions Data suggest that it only takes two bad experiences with customers for 62% of banking consumers to switch services. Regions Bank is using Watson, IBM’s product, in its contact centers focused on customer services in order to provide answers faster…
Why Personalization is the Natural Evolution of eCommerce
“Another fun fact: nearly half of US consumers say they’re more likely to make purchases with companies that personalize experiences, according to Accenture. It’s estimated that by 2020, eCommerce businesses who use a smart personalization software will see as much as a 15% increase in their profits, according to Gartner. Following a recent 3-month long…