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e-Commerce


Cryptoassets and artificial intelligence in EU regulation - FinTech Perspectives

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Our FinTech Perspectives series, will explore the content, potential, and shortcomings as well as the areas that require further clarification in this important field of European legislation on digital transformation in the financial services sector. Within its overarching plan to Shape Europe's Digital Future, The European Commission is determined to make the lead-up to 2030 Europe's Digital Decade. This ambition has, aside from activities in other fields, resulted in an outpouring of legislative initiatives. The great majority of these initiatives aims to get an ever better handle on our digital reality to date. For all of these, the European legislator needs to reconcile its desire to support technology and business innovation on the one side with the necessary protection for individuals and business in the EU on the other side. Getting this balance right is vital for the success of each of those initiatives.


Axelera AI start-up emerges with £8.7m backing from Bitfury, imec

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Axelera AI, a Dutch AI semiconductor start-up, has emerged from stealth with £8.7 million in seed round funding. The funding was led by Axelera's incubator company, Bitfury, a security and infrastructure provider for the Bitcoin blockchain. Nanoelectronics R&D centre imec and venture capital Innovation Industries also participated in the seed round. Axelera is developing a chipset to accelerate AI and machine learning algorithms at the edge. The startup claims that its product will use minimal power consumption at a greatly reduced price compared to its competitors.


AI-powered ecommerce recommendation engine Constructor nabs $55M

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The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Constructor, a San Francisco, California-based ecommerce personalization startup, today announced that it raised $55 million in a series A round led by Silversmith Capital Partners. The funding, which brings the company's total raised to $61.5 million, will be put toward product development, hiring, and go-to-market efforts, according to CEO Eli Finkelshteyn. Online commerce conversions are well behind in-store -- the average online shop sees less than 3% in conversions. But even though $4.2 trillion was spent on ecommerce platforms in 2020 alone, few ecommerce retailers have invested in a digital merchandising strategy.


The Ultimate Guide to Retail eCommerce Analytics

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If you've found your way to this blog, there is a high probability that you're a tech savvy individual who has made use of eCommerce services in your lifetime,and more so in the pandemic stricken past one and a half years. You might have used a variety of apps to get stuff right to your door-step (Clothes, shoes, grocery, food delivery etc) just by the use of one finger, while using the other 4 to hold your device. Or you might have used a laptop/desktop(about 50% of online traffic still comes from desktops) if you prefer a bigger screen experience. Fun fact- the first transaction of the internet was to arrange cannabis sale between students at Stanford Artificial Intelligence Laboratory and the Massachusetts Institute of Technology in 1972. What I want to focus on in this blog is retail eCommerce, and how analytics can help bring more value to the business.


Role Of AI-Powered Logistics In ECommerce - LogixGRID

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Today, the eCommerce business has entirely revolutionized retail. It has significantly influenced the buying behavior of customers across the globe and pushed retailers to sell online owing to the tremendously rising competition. According to Statista, 21.8% of the World's population buys online, and in 2021, the number is expected to rise to over 2.14 billion. Logistics is an indispensable part of the eCommerce business and plays a major role in the way the industry operates. AI-backed logistics solutions in the eCommerce business are evolving with growing business requirements and are acting as an important lever for business growth.


AI Trustworthiness in the Aerospace, Fintech, Automotive, and Healthcare Industries

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Many industries are utilizing AI. However, in this paper, we look at its applications in the aerospace, fintech, autonomous vehicles, and health care industries, where better AI hardware, software, solutions, and services are creating many opportunities. Data integrity, privacy policies, decision system guidelines, and holistic regulations are continuously evolving in these industries. This ecosystem is now ripe for service providers and system integrators to play their parts, with AI adoption achieving appreciable return on investment. Key applications of AI in this space include optimizing operational efficiencies, assuring robustness of systems, data and image interpretation, and human augmented decision-making. Other applications include automation of processes and workflows, better compliance, improved performance, and reliability platforms, unmanned derivative systems (in finance) and digital and virtual assistants. Figure 1 summarizes AI's importance across the four industries discussed in this paper.1-36 The primary drivers of AI are data privacy, security, cost, risk, authenticity, guarantee and improved decision systems. Each driver has its own specific impact and relevance from a business adoption and operations perspective. The driver ensures that applications will have business significance and are attuned to regulations, while having close association with global and geography-specific ecosystems. Also, the drivers ensure quicker adoption to enhance operational efficiency, without compromising on the end-user experience. Regulatory and government bodies play a vital role in assessing and formulating guidelines for adopting AI in the business value chain.


Why Blockchain Needs Sci-Fi Right Now

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"I want to write about people I love, and put them into a fictional world spun out of my own mind, not the world we actually have, because the world we actually have does not meet my standards." What do we talk about when we talk about science fiction? Science challenges us to imagine the world differently. Fiction invites us to imagine other selves in other lives -- and, like science, challenges us to imagine the world differently, or other worlds entirely. Technology is in some sense a blend of the two, turning scientific concepts and innovations into tools that improve or enhance human lives.


How eCommerce Shops are Leveraging Machine Learning to Resolve Sizing Issues

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What the marketing world witnessed in April 2020, was an unprecedented rise of eCommerce retail sales in North America by triple digits. And, Statista reports that in the same 2020, more than two billion people bought their products from eCommerce stores, with global e-retail sales of over $4.2 trillion. While this is big news for eCommerce stores, an unfortunate incident is that the amount of returns purchasers make may go over a trillion dollars a year if care is not taken. The main reason for this is that most eCommerce shops have not been able to create size charts, so we have sizing problems plaguing e-commerce stores in a lot of ways. The basis of sizing issues eCommerce stores face is that they are outlets and usually get their products from different manufacturers across the globe.


How IoT impacts the financial industry - Fintech News

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Financial services can benefit greatly from this technology, so let's talk about the different ways that IoT affects banking and financial decisions. IoT does serve a great purpose in the financial industry. In 2018, IoT spending in the banking and finance industry averaged roughly $153 million. IoT has already positively impacted the financial sector and will only continue to in the future. IoT saves financial companies a lot of time and money by gathering and transferring data.


How Artificial Intelligence Is Changing the Healthcare Industry

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Today's world is changing at a breakneck speed. What were once science fiction words have now become natural world realities? In the case of AI, the situation is similar. Artificial intelligence, or AI, has completely changed the industrial sector. Whether it's education, fintech, e-commerce, or even conventions, AI has had a profound impact on every industry.