“According to BCG, companies that connect AI and digital initiatives are 12 percentage points more likely to see revenue impact, and 20 percentage points more likely to have seen either cost or revenue impact. Companies like Google, Amazon, and Apple, dominate their industries because they were the first to begin building data sets which helped…
Tag: revenue
Increase bank/credit union revenue by 30%
“According to estimates from Oliver Wyman, if properly deployed, AI has the potential to increase banks’ revenues by as much as 30% in the next five to seven years, and to reduce their costs by 25% or more.” https://www.google.com/amp/s/www.verdict.co.uk/ai-in-banking/amp/
By 2023 Chatbots could drive sales of…
Sales From Chatbots Could Reach $112B By 2023 “Juniper Research estimates that retail sales stemming from interactions with chatbots are set to reach $112 billion by 2023. The firm also noted that chatbot interactions are set to skyrocket from a forecasted 2.6 billion in 2019 to 22 billion in the same time frame, Retail Dive…
Scaling Agile, adopting AI: How Intel is making IT a strategic part of the business
“According to the report, the office has generated $1.25 billion in business value by using AI and advanced analytics in areas including sales, marketing, manufacturing and product design. For instance, Intel has optimized its parts inventory with an intelligent, automated system that has reduced time to decision from six months to one week and increased…
43 ways AI will impact eCommerce
The impact of artificial intelligence on eCommerce will far exceed the current impact being driven by mobile. Need proof? Here are 43 ways AI will impact eCommerce. eCommerce is booming and the trend is projected to continue into the foreseeable future. In fact, eMarketer estimates that, “worldwide retail ecommerce sales will reach $1.915 Trillion, and…