- “Gartner defines AI as “applying advanced analysis and logic-based techniques, including ML, to interpret events, support and automate decisions, and take action.”
- Machine Learning + Decisions + Action = Artificial Intelligence”
“Gartner says it’s time for business and IT leaders developing AI projects to separate reality from myths to devise their future strategies
Myth #1: AI works in the same way the human brain does
Myth #2: intelligent machines learn on their own
Myth #3: AI can be free of bias
Myth #4: AI will only replace repetitive jobs that don’t require advanced degrees
Myth #5: not every business needs an AI strategy”
“’Four years ago, AI implementation was rare, only 10% of survey respondents reported that their enterprises had deployed AI or would do so shortly,’ said Chris Howard of Gartner. “For 2019, that number has leapt to 37% – a 270% increase in four years. “If you are a CIO and your organization doesn’t use AI, chances are high that your competitors do, and this should be a concern.”
I love this type of post…it’s a data goldmine.
“Gartner expects that by 2021, early adopter brands that redesign their websites to support visual and voice search will growtheir digital commerce revenue by 30 percent.
Shopping cart abandonment is an industry-wide scourge. It’s estimated that upwards of 70 percent of online shopping carts are abandoned before customers complete their purchases.
there’s a correlation between the lack of enthusiasm CMOs feel for their digital performance and the fact that only 36 percent of global marketing decision makers telling Forrester they use AI.
Yet only 7 percent of Chief Marketing Officers (CMOs) surveyed recently by IBM said that their digital transformation initiatives were exceeding their expectations.
The US Census Bureau pegs Q2 e-commerce sales at $127.3 billion, an estimated 9.6 percent of all US retail sales in the second quarter of this year. Online sales, number of orders and overall traffic to e-commerce sites are all up. On average, consumers spend $114.19 per online order”