“There is a high demand for AI and ML in almost all industries, and it’s not going to reduce. Currently, AI technology holds a global market value of over $30 billion US. It’s forecasted that the global AI market will grow rapidly in the coming years, reaching up to $126 billion US by 2025. In…
Tag: machine learning
From artificial intelligence to drone delivery and more ecommerce – retailing is changing, like it or not
“Cyber-buying was almost non-existent a decade ago, accounting for only 4.5 percent of retail sales. The latest data for 2020 show it now accounts for 16.5 percent of retail sales in 2020. That’s an amazing almost four-fold increase within a decade. there will be three big enhancements to cyber-buying that will be applauded by some,…
How Data and AI Will Keep Your Customers Happy and Engaged
“Thanks to advances in social media, customer engagement is at its highest point. However, as businesses scaled up, they started to realize that there was simply no way they could deal with fielding hundreds or even thousands of relevant comments, questions, and feedback from consumers. Some businesses try to hire staff to cope with this…
How AI is Being Applied to Retail: Deep Learning Brings Superpowers to eCommerce with Companies like Wish and RTB House Leading the Charge
“Optimizing Post Sales Support – Macy’s is piloting chatbot-guided shopper assistance that uses natural language processing technology co-developed by IBM Watson and Satisfi Labs. Other retailers have rolled out more operational-focused uses such as how Amazon and Walmart use A.I. to optimize their supply chains, delivery routes or checkouts. Visual Search and Building New Online…
Tecton.ai nabs $35M Series B as it releases machine learning feature store
“‘We help organizations put machine learning into production. That’s the whole goal of our company, helping someone build an operational machine learning application, meaning an application that’s powering their fraud system or something real for them […] and making it easy for them to build and deploy and maintain,’ company CEO and co-founder Mike Del…