“Looking into the future, the most viable and valuable use cases are believed to be chatbots, product descriptions, personalized product recommendations, content creation, automatic translation, data analysis, and product development. However, the not-so-promising use cases for generative AI in retail are in customer service and enhanced search.” https://www.businessinsider.com/chatgpt-and-retail-hype-whats-next-and-how-to-prepare-2023-may?amp
Tag: Digital Transformation
People Put Nearly $1 Billion Into Apple Savings Accounts in First 4 Days
Why Financial Institutions are Banking on AI
“As banks sift through volumes of data, AI can help them quickly discover patterns and identify key insights, calculate risk and automate routine tasks. Work performed by AI is done at extraordinary speed and scale with the added benefits of the technology being adaptable and essentially tireless. Executives have taken notice. While 89% of Directors…
Banking and financial services industry set to become largest investor in AI
“Banks and financial services companies are prioritizing and strengthening their investments in technology to increase speed, resiliency and drive cost efficiency. According to JLL’snew 2023 Banking and Finance Outlook, the current landscape is guiding financial services organizations to accelerate their digitalization efforts to combat challenges. These companies are anticipated to spend an additional $31 billion…
From Intuition To Automation: AI As An Essential Tool For Modern Marketers
“AI tools are definitely a booming trend within marketing right now. A 2022 study by HubSpot(registration required) shows that 43% of marketing leaders plan to implement AI strategies. To stay up to date and competitive with the latest trends and technologies, businesses need to invest in new tools and technology as they become available. Investing…