“Arijit Sengupta once wrote an entire book titled Why A.I. is A Waste of Money. That’s a counterintuitive title for a guy who makes his money selling A.I. software to big companies. That’s borne out in a slew of recent surveys, where business leaders have put the failure rate of A.I. projects at between 83%…
Tag: business case
The truth about AI and ROI: Can artificial intelligence really deliver?
“CognitiveScale finds that, although execs know that data quality and deployment are critical success factors for successful app development to drive digital transformation, more than 76% aren’t sure how to get there in their target 12-18 month window. ‘AI has to be accountable to drive business effectiveness – it’s not sufficient to say a ML…
AI Stats News: 65% Of Companies Have Not Seen Business Gains From Their AI Investments
“3% of executives worldwide expect to get some value from AI; 65% report that they are not yet seeing value from the AI investments they have made in recent years; 40% of organizations making “significant investments” in AI do not report business gains from AI; of organizations that have invested in high-risk projects, 50% have…
6 Steps to Improve Banking CX Through Artificial Intelligence
“In customer experience terms, AI and machine learning can help marketers in retail banking to predict client needs and deepen relationships. They can do this through more personalizing their approaches, fine-tuning campaigns for maximum effectiveness, targeting consumer segments that represent the best acquisition prospects, and identifying attrition risks and causes.” Click for full article and…
AI Stats News: Chatbots Lead To 80% Sales Decline, Satisfied Customers And Fewer Employees
This post from Gil Press is a gold mine of AI data from reputable sources for your next business case. “A disclosure of chatbot identity before the machine–customer conversation reduces purchase rates by more than 79.7% chatbots are four times more effective at selling products than inexperienced workers TD Ameritrade Holding Corp. hasn’t needed to…