Five step approach to using AI to improve customer retention and drive sales - Motor Trade News

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ARTIFICIAL Intelligence (AI) is the current tech buzz phrase. Greg Clark, Secretary of State for Business, Energy and Industrial Strategy has targeted AI to deliver an additional £232bn to the UK economy by 2030. So how do you get started on gathering the data that can deliver the insights needed to generate more interest in, and ultimately sell, more vehicles? It's clear that for AI to work you need to build online engagement with existing and prospective customers. The retail sector has already been quick to exploit the many benefits from AI. Notable examples are: Regit uses a driver's registration number to provide him or her with reminders such as MOT, Tax, Insurance and recalls via their communication channel of choice.


Unlocking success in digital transformations

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As digital technologies dramatically reshape industry after industry, many companies are pursuing large-scale change efforts to capture the benefits of these trends or simply to keep up with competitors. In a new McKinsey Global Survey on digital transformations, more than eight in ten respondents say their organizations have undertaken such efforts in the past five years. 1 1. The online survey was in the field from January 16, 2018, to January 26, 2018, and garnered responses from 1,793 participants representing the full range of regions, industries, company sizes, functional specialties, and tenures. Of them, 1,521 have been part of at least one digital transformation in the past five years at either their current or previous organizations. To adjust for differences in response rates, the data are weighted by the contribution of each respondent's nation to global GDP.


Jedox AI engine empowers finance teams at Mitsui and ServiceMaster

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Freiburg & Boston, 18. July 2019 – Jedox, a leading international software provider for planning and enterprise performance management (EPM), enables finance and other business functions to easily employ predictive analytics and artificial intelligence to gain deeper insight from large data sets. Jedox customers Mitsui Chemicals Europe and ServiceMaster have achieved tangible results in pilot projects to improve sales forecasting and customer loyalty with the new integrated AI engine after just a few months and aim to expand their AI applications. Mitsui Chemicals Europe GmbH upgraded its existing Jedox planning environment with the Jedox Predictive Analytics and AI Engine. The focus of the project was sales forecasting. To achieve even greater predictive accuracy, the project team and Jedox Partner HighCoordination implemented Jedox's "Predictive Forecast" standard model.


Transparency is key to ethical AI

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The concept of Artificial Intelligence (AI) is becoming commonplace in relation to the running of our lives and businesses – we're all used to the idea, if not quite the practice, of using AI to improve the way we live and work. As a result, the time has come to stop debating what it can do and started discussing what it should do. AI has the capacity to be both good and bad – what matters most is the intention of those who use it. Yet ethics isn't just concerned with the end goal. The means are just as important.


Brain computers only rich can afford to 'create new superior human species'

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And when they arrive, they will change our society forever. Technology to connect our brains directly to the internet already exists in various labs around the world, and the first primitive steps towards full connection between humanity and electronics are already in use. In 2012, US TV show 60 Minutes showed a paralysed woman named Jan Scheuermann feeding herself a bar of chocolate using a robotic arm controlled by her brain. That same brain sensor was shown to be just as capable of controlling an F-35 stealth fighter. Professor Chris Toumazou, Regius Professor of Engineering, Chair in Biomedical Circuit Design at Imperial University, says it's impossible to guess what the applications of brain-to-computer interfaces might be.


US Military Released Micro Drone Swarm From FA 18 Super Hornet Jet...

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AI Ethics and the Race to Bring Pen & Paper Industries Online

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Leo Polovets of Susa Ventures recently sat down with Machine Learnings for a chat about machine learning, data moats, and artificial intelligence ethics. Sam: Leo! It's great to meet you. Can you introduce yourself and context for the work you've done that our audience may be unaware of? Leo: It's nice to meet you too, Sam. I'm 1 of 3 partners at a $50 million seed fund called Susa Ventures.


Artificial Intelligence (AI) Verticals Market Enhancement, Rising Growth, Demand and Developments by 2024 : Slack, Sentient Technologies, Salesforce, DIDI – Island Daily Tribune

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MarketInsightsReports has published a report entitled Global Artificial Intelligence (AI) Verticals Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market. Artificial intelligence (AI) makes it possible for machines to learn from experience, adjust to new inputs and perform human-like tasks. Most AI examples that you hear about today – from chess-playing computers to self-driving cars – rely heavily on deep learning and natural language processing.


5 ways to use artificial intelligence (AI) to improve business efficiency

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Chatbots are an increasingly popular option for businesses to try, and they use AI to work. Companies often build chatbots that can answer any questions from customers that come through outside of business hours. Some identify the nature of a person's problem, then either attempt to tackle it with preprogrammed answers or pass the communications to a human support worker. The retail industry, in particular, saw success by deploying chatbots. Global data collected by Juniper Research shows an estimated 2.6 billion retail-based chatbot interactions in 2019, and the company forecasts the number to rise to 22 billion in 2023.


Is Data the New Oil? techsocialnetwork

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Data is everywhere and its growing constantly. Its used in a multitude of ways and most of the time we don't even realize it. It is no longer being deleted but being stored for future reference and analysis so it can start to predict you! I don't want to scare you but rather inform you so that you are aware when you give your data away. Whether it be on Social Media or Shopping.