“The Rivard Report virtual event series “Tech of Tomorrow” continued this week as Mark Leung, who chairs the University of Texas at San Antonio’s department of management science and statistics, joined tech reporter Lindsey Carnett for a conversation on the coronavirus crisis. The pandemic has made companies both small and large rethink their business models….
Tag: COVID-19
AI News Index: Over 25% Of AI Initiatives Are In Production And 28% Have Failed
• “51 million jobs (22% of total jobs) are at risk from automation and 24 million jobs are at risk of displacement though both Covid-19 and automation (59 million jobs are at risk from Covid-19) [McKinsey Global Institute] • IDC’s low-end estimate is projecting the number of global AI-related jobs this year at 927,000, up…
The Retail Pivot: How Retailers Have Adapted Through Digital Transformation
“Prior to the pandemic, ecommerce sales already represented the bulk of overall retail sales growth in the U.S.—$600 billion in online sales accounted for 56% of overall retail growth in 2019. Between March 23 to March 30, ecommerce marketplaces saw a 14% increase in volume, according to data from the Forter Global Merchant Network. Key…
Why Banks Will Need Microservices In The Post-Pandemic World Of Digital Banking
“‘How do you communicate with those same consumers who are now one step removed from you? And when they do come in, how do you accommodate the ‘new normal’ of consumer demand?’ In a hyper-competitive and digital environment, he told PYMNTS, FIs need to partner with additional third parties for “microservices.” ‘Micro applications can quickly…
Data Drop: eCommerce Numbers Steal Relevance
“While last week’s 16 percent overall spending drop lit up the headlines and scored high on the drama factor, it’s the eCommerce numbers – up 8.4 percent during the same period – that could hold the most importance for the future. Our research shows that 32.8 percent of consumers are shopping for retail items just…