“Digitization as a necessary first step for many AI projects At first glance, it may seem that digitization has nothing to do with AI. However, digitization is a necessary first step to extracting value from data that is locked in non-digital assets or human-based processes. By first digitizing and then digitalizing processes and documents, greater…
Tag: machine learning
AI Empowers E-commerce Players To Take Lead In ‘New Normal’
“To put data into perspective, according to the Salesforce Global Shopping Index, between Q1 2019 and Q1 2020, retailers experienced a spike of 16% in digital traffic growth. Additionally, the average spending per visit grew by 4%. As per the report, the number of unique digital shoppers rose 40% year-over-year (YoY) compared to 12% in…
WEBINAR OVERVIEW AI to survive and thrive in ecommerce with Coveo and Accenture
“For those who do engage with a search box, about 50% are more likely to convert.” Findings include 39% of sites evaluated did not have searchable categories – and of those that did, only 19% implemented it well https://internetretailing.net/webinars/webinar-overview–ai-to-survive-and-thrive-in-ecommerce-with-coveo-and-accenture
How machine learning combats financial cybercrime
“One of the challenges with anomaly detection, especially when using deep learning techniques, is that it’s sometimes difficult to understand why certain transactions or companies were singled out as suspicious. Strictly speaking, the machine simply yields groupings and anomalies, hence requiring a human specialist to interpret the results. But what if an AI could tell…
JD.com racks up $38B in sales in annual online shopping fest
“JD.com’s annual “618” online shopping extravaganza racked up a total of 269.2 billion yuan ($38 billion) worth of transactions, as consumers splurged during China’s first major e-commerce sale since the pandemic began. This year’s tally was 33% higher than last year’s 201.5 billion yuan in sales. It reflects an increasing shift to online shopping as…