“Here’s a look at some of the world’s most powerful, promising applications of machine learning to benefit society.” https://venturebeat.com/2020/09/30/using-machine-learning-to-tackle-some-of-the-worlds-biggest-problems-infographic/amp/
Tag: ML
ARTIFICIAL INTELLIGENCE SOLUTIONS FOR BANKING
Churn prediction “Because of accurate AI algorithms, churn probability predictions improve customer retention. This is crucial as customers frequently stir without obvious warning signs. Therefore, it is challenging to run mainly targeted anti-churn campaigns. On the other side, retention activities can be costly, sometimes much more so than the value a potential customer may bring.”…
Three Coming Shifts In AI
“The environmental impact of AI will be lowered significantly; estimates today indicate that training a large AI model once represents the equivalent of the lifetime carbon footprint of five automobiles.” https://www.google.com/amp/s/www.forbes.com/sites/amirhusain/2020/09/25/three-coming-shifts-in-ai/amp/
Email Automation Is a Major Ecommerce Revenue Booster
– “Open rates for automated messages saw a 76.25% increase year-over-year.– Automated messages drew a 21.24% click rate, a 15.37% year-over-year lift.– Promotional campaign (traditional scheduled messages) conversion rates increased 5.37%, an 88% year-over-year increase.– The conversion rate of automated lifecycle messages increased to 22.39%, a 63% year-over-year lift and a 335% increase over promotional…
AI Should Change What You Do — Not Just How You Do It
“How do you reimagine what you do for a new era of AI-powered competition? Machines are handling more work, but arguably without a high level of automation, UBS employees would find it hard to get their jobs done. The firm now has more than 2,000 software bots operating across the business, growing steadily Marcus (Goldman…