“Gartner correctly predicted that by 2017, the CMO would spend more than the CIO on IT. However, the cost of acquiring a new customer is five times greater than that of retaining an existing one, and the probability of selling to an existing customer is 60 percent, while the probability of selling to a new…
Tag: Brandon McGee
2019 AI eCommerce Spotlight Awards
2019 “AI eCommerce Spotlight Award” Today, I’m proud to announce the 2nd annual “AI eCommerce Spotlight Award” winners. These awards are distributed to recognize those companies that have differentiated themselves from the competition over the prior 12 month period within the ai eCommerce industry. This year we’re recognizing 4 companies with GOLD and SILVER awards….
Quote: Paper 2 – Stitch Fix’s CEO on Selling Personal Style to the Mass Market
“Data science isn’t woven into our culture; it is our culture. We started with it at the heart of the business, rather than adding it to a traditional organizational structure, and built the company’s algorithms around our clients and their needs. We employ more than 80 data scientists, the majority of whom have PhDs in…
Emotibot Secures USD 30 Million In Series B Round to Create the Industry’s Leading Chatbot and Multimodal Emotional Computing Platform
“Emotibot, a Chinese caring robot solutions provider, has secured USD 30 million in series B round funding, led by China Development Financial, followed by Cathay Financial Holdings. Its existing investors Ecovacs and Advantech Capital participated in this new funding round. Light House Capital served as exclusive financial advisor in the transaction. Founded in 2015, Emotibot…
Banking: More personalised services could be delivered with AI
“Retail investors are prone to two key mistakes. First, they tend to buy at the peak and sell at the bottom because these decisions are heavily driven by emotions. Second, people tend not to review their portfolios, particularly if they are already underperforming. This is another problematic behavioural trait that AI can help improve. We…