“Accounting for 70% of all navigational traffic and a big chunk of sales – due to the scale of the product offering – search was unwieldy and delivering a patchy customer experience. “The search we had in place simply couldn’t cope with our 50,000 product, multi-category catalogue,” explained Craig Elwell, Head of Digital Transformation. “…
Tag: Brandon McGee
CognitiveScale: Purchase to Pay Case Study
IMPACT “Providing relevant contributing factors to the processor, the AI solution increased the automation of invoice processing by ~30%, from 60% to 90%. • Estimated cost elimination per exception $6 • Savings opportunity per month $250,000 • Projected annual cost reduction $3,000,000” https://www.cognitivescale.com/wp-content/uploads/2018/03/amplify-purchase-to-pay.pdf
AI & Data: Avoiding The Gotchas
Image:Getty “When it comes to an AI (Artificial Intelligence) project, there is usually lots of excitement. But in this process, something often gets lost: The importance of establishing the right plan for the data. Keep in mind that 80% of the time of an AI project can be spent on identifying, storing, processing and cleansing…
Envestnet Yodlee Acquires Conversational Banking Startup Abe AI
“Envestnet | Yodlee, the data aggregator and analytics provider, announced last week that it has acquired conversational banking software startup Abe AI. The Abe AI technology was apparently already incorporated into some of Yodlee’s APIs and banking solutions and will be added to Envestnet’s wealth management offerings in the future. The announcement summarizes the benefits for Yodlee’s…
What Will Drive AI Adoption In The Coming Year?
Image credit: Shutterstock “According to the study, the number of enterprises implementing AI grew 270 percent in the past four years and tripled in the past year alone. Kosta Popov is the founder and CEO of Cappasity. He points out that as business decision-making becomes steadily more data-driven, demand for measurable metrics is higher than…