The Future is Artificial Intelligence, David Cole, IBM WatsonThe Drum
Hear how Artificial Intelligence and IBM Watson's Cognitive Technology is changing the way brands interact with their customers and allowing marketing to be done at the individual level.
Adverity: The Impact of Artificial Intelligence in MarketingAdverity
Understand what AI in marketing is. Learn how artificial intelligence impacts digital marketing. And find out whether you should feel threatened by machine learning and intelligent artificial intelligence at all.
Well it's actually Ecommerce for Nigeria but I guess it's still quite accurate if you extend to Africa. This article is my purely an expression of my views based my understanding of the market. I have 10 years experience working in Nigeria in both a Technology and Digital Capacity. The last few as Head of Digital at Insight Publicis.
A scholarly article depicting a multi-dimensional perspective of e-commerce in India - Indian #e commerce industry is it attractive for business or consumer by Alvis Lazarus.
E-commerce came to existence more than two decades ago. It is still going strong. As per eMarketer,
worldwide e-commerce sales have already reached at $1.2 trillion almost a year ago. It is on the rise
with 16% Compound Annual Growth Rate and will continue with same rate till 2016. However over the
period, quite a few new developments and technologies has emerged in the area of e-commerce.
These new technologies and trends give confidence to consumer to adopt e-commerce way of
shopping. There are few aspects that have been regularly influencing e-commerce.
The Future is Artificial Intelligence, David Cole, IBM WatsonThe Drum
Hear how Artificial Intelligence and IBM Watson's Cognitive Technology is changing the way brands interact with their customers and allowing marketing to be done at the individual level.
Adverity: The Impact of Artificial Intelligence in MarketingAdverity
Understand what AI in marketing is. Learn how artificial intelligence impacts digital marketing. And find out whether you should feel threatened by machine learning and intelligent artificial intelligence at all.
Well it's actually Ecommerce for Nigeria but I guess it's still quite accurate if you extend to Africa. This article is my purely an expression of my views based my understanding of the market. I have 10 years experience working in Nigeria in both a Technology and Digital Capacity. The last few as Head of Digital at Insight Publicis.
A scholarly article depicting a multi-dimensional perspective of e-commerce in India - Indian #e commerce industry is it attractive for business or consumer by Alvis Lazarus.
E-commerce came to existence more than two decades ago. It is still going strong. As per eMarketer,
worldwide e-commerce sales have already reached at $1.2 trillion almost a year ago. It is on the rise
with 16% Compound Annual Growth Rate and will continue with same rate till 2016. However over the
period, quite a few new developments and technologies has emerged in the area of e-commerce.
These new technologies and trends give confidence to consumer to adopt e-commerce way of
shopping. There are few aspects that have been regularly influencing e-commerce.
Hype vs. Reality: The AI Explainer--- Artificial intelligence (AI) is everywhere, promising self-driving cars, medical breakthroughs, and new ways of working. But how do you separate hype from reality? How can your company apply AI to solve real business problems?
Here’s what AI learnings your business should keep in mind.
Ecommerce In/And India: Stats, Trends, and Consumer BehaviorO3M
A brief look into how eCommerce is shaping up in India. Originally given as part of a University of Madras seminar. Thanks for having us!
Includes statistics, buyer behavior details, and effective digital advertising mediums.
Ai in retail sales and crm venkat vajradhar - mediumvenkatvajradhar1
Artificial intelligence in the retail sector is being applied in new ways, from the whole product and service cycle to assembly-to-post customer service interactions, but the key questions for retail players.
Challenges and Solution for Artificial Intelligence in Cybersecurity of the USAvishal dineshkumar soni
The development of Information Technology can make a computer to act and think like humans. AI is an exceptional aspect of information technology that requires the event of a machine that reacts and works as a mind of the human. The artificial intelligence' key features include the human senses' analogy. The system is capable of recognizing touch and speeches as features that are placed within the system for running the normal life situation's potential activities without the assistance of humans. Artificial intelligence, however, is the intelligence' agents' study that takes the environment's condition and achieves its goal successfully. The majority of the systems in the computing World are built for serving the purposes as per the situation's nature with the unique features' application from the human's aspects' natural existing. Artificial intelligence is generally an associate of the humans that apply problem-solving techniques and learning for understanding activities' high levels in operation of the human-inspired elements, decision-making, and emotional cycle. As opposed to human intelligence, artificial intelligence is machine-based intelligence. This research paper is aimed at evaluating the current challenges related to artificial intelligence for cybersecurity in the United States. The research paper will propose the innovative solution for Artificial Intelligence in cybersecurity of the USA.
To remain competitive in today's real-time world, retailers need to more effectively read and respond to consumers' digital fingerprints, or Code Halos, to anticipate their preferences and needs and delivery contextually-relevant, timely and inspiring shopping experiences.
The future of E-commerce in India and it's key driversKantinath Banerjee
In this article i am discussing about the near future of Indian E-commerce industry and the certain changes that are on the cards.#Internet #onlinemarketing #digitalmarketing #onlineadvertising #socialmedia #clickandbrick #onlineretail #flipkart #google #paidadvertising
How is Artificial Intelligence shaping the Future of Ecommerce?archana cks
Few industries are as competitive as ecommerce. Not only are online retailers competing with other online stores and brick-and-mortar locations, but also the overall noise that is the Internet.
source <> http://www.ecbilla.com/blogs/how-is-artificial-intelligence-shaping-the-future-of-ecommerce.html
Trends in eCommerce in India - Powered by Hoppingo.comHoppingo
Year 2014 has been very promising in terms of new eCommerce companies getting established, companies getting huge investments from investors like Tiger Global, Soft Bank etc. Billion has become new million, when it comes to investment in this sector and e-commerce became one of the most sought after investment choice.
We, at Hoppingo, have listed some of the trends that are hitting eCommerce in 2015.
Do let us know if you think differently!
ARTIFICIAL INTELLIGENCE
COMES OF AGE
The Promise and Challenge of Integrating AI
Into Cars, Healthcare and Journalism
David Bollier.
A Report on the
Inaugural Aspen Institute Roundtable on Artificial Intelligence
SlideShare presentation from Brandworkz looking at how banking brands are coming under pressure from alternative payment services like Apple, Google and Amazon.
“TO STUDY THE GROWTH OF E-COMMERCE INDUSTRY IN INDIA”PRABHAT PANDEY
E-commerce can be divided into 7 subsections:/
History of E-Commerce / SWOT Analysis of the E-commerce Industry / Growth in sale of the E-commerce Industry / Future Growth Prospects of Indian E-commerce Sector / Reasons for Growth of E-commerce Sector in India: / Financial Analysis of E-Commerce Industry / TOOLS OF E-COMMERCE / RESEARCH METHODOLOGY of E-commerce / a Descriptive study about E-Commerce Industry.
Changing The Future: Emerging Technologies That Will Blow Customers AwayMatthew Szymczyk
This is a presentation I gave at the Online Retailer Conference in Sydney, Australia on July 8th, 2010. The presentation covers the rise of e-commerce, how the 'experience' hasn't changed, and how augmented reality will change how we shop online.
Hype vs. Reality: The AI Explainer--- Artificial intelligence (AI) is everywhere, promising self-driving cars, medical breakthroughs, and new ways of working. But how do you separate hype from reality? How can your company apply AI to solve real business problems?
Here’s what AI learnings your business should keep in mind.
Ecommerce In/And India: Stats, Trends, and Consumer BehaviorO3M
A brief look into how eCommerce is shaping up in India. Originally given as part of a University of Madras seminar. Thanks for having us!
Includes statistics, buyer behavior details, and effective digital advertising mediums.
Ai in retail sales and crm venkat vajradhar - mediumvenkatvajradhar1
Artificial intelligence in the retail sector is being applied in new ways, from the whole product and service cycle to assembly-to-post customer service interactions, but the key questions for retail players.
Challenges and Solution for Artificial Intelligence in Cybersecurity of the USAvishal dineshkumar soni
The development of Information Technology can make a computer to act and think like humans. AI is an exceptional aspect of information technology that requires the event of a machine that reacts and works as a mind of the human. The artificial intelligence' key features include the human senses' analogy. The system is capable of recognizing touch and speeches as features that are placed within the system for running the normal life situation's potential activities without the assistance of humans. Artificial intelligence, however, is the intelligence' agents' study that takes the environment's condition and achieves its goal successfully. The majority of the systems in the computing World are built for serving the purposes as per the situation's nature with the unique features' application from the human's aspects' natural existing. Artificial intelligence is generally an associate of the humans that apply problem-solving techniques and learning for understanding activities' high levels in operation of the human-inspired elements, decision-making, and emotional cycle. As opposed to human intelligence, artificial intelligence is machine-based intelligence. This research paper is aimed at evaluating the current challenges related to artificial intelligence for cybersecurity in the United States. The research paper will propose the innovative solution for Artificial Intelligence in cybersecurity of the USA.
To remain competitive in today's real-time world, retailers need to more effectively read and respond to consumers' digital fingerprints, or Code Halos, to anticipate their preferences and needs and delivery contextually-relevant, timely and inspiring shopping experiences.
The future of E-commerce in India and it's key driversKantinath Banerjee
In this article i am discussing about the near future of Indian E-commerce industry and the certain changes that are on the cards.#Internet #onlinemarketing #digitalmarketing #onlineadvertising #socialmedia #clickandbrick #onlineretail #flipkart #google #paidadvertising
How is Artificial Intelligence shaping the Future of Ecommerce?archana cks
Few industries are as competitive as ecommerce. Not only are online retailers competing with other online stores and brick-and-mortar locations, but also the overall noise that is the Internet.
source <> http://www.ecbilla.com/blogs/how-is-artificial-intelligence-shaping-the-future-of-ecommerce.html
Trends in eCommerce in India - Powered by Hoppingo.comHoppingo
Year 2014 has been very promising in terms of new eCommerce companies getting established, companies getting huge investments from investors like Tiger Global, Soft Bank etc. Billion has become new million, when it comes to investment in this sector and e-commerce became one of the most sought after investment choice.
We, at Hoppingo, have listed some of the trends that are hitting eCommerce in 2015.
Do let us know if you think differently!
ARTIFICIAL INTELLIGENCE
COMES OF AGE
The Promise and Challenge of Integrating AI
Into Cars, Healthcare and Journalism
David Bollier.
A Report on the
Inaugural Aspen Institute Roundtable on Artificial Intelligence
SlideShare presentation from Brandworkz looking at how banking brands are coming under pressure from alternative payment services like Apple, Google and Amazon.
“TO STUDY THE GROWTH OF E-COMMERCE INDUSTRY IN INDIA”PRABHAT PANDEY
E-commerce can be divided into 7 subsections:/
History of E-Commerce / SWOT Analysis of the E-commerce Industry / Growth in sale of the E-commerce Industry / Future Growth Prospects of Indian E-commerce Sector / Reasons for Growth of E-commerce Sector in India: / Financial Analysis of E-Commerce Industry / TOOLS OF E-COMMERCE / RESEARCH METHODOLOGY of E-commerce / a Descriptive study about E-Commerce Industry.
Changing The Future: Emerging Technologies That Will Blow Customers AwayMatthew Szymczyk
This is a presentation I gave at the Online Retailer Conference in Sydney, Australia on July 8th, 2010. The presentation covers the rise of e-commerce, how the 'experience' hasn't changed, and how augmented reality will change how we shop online.
AI and Marketing: Robot-proofing Your JobCall Sumo
Artificial Intelligence (AI) provides marketers with deep knowledge of consumer, clients and delivers the right message to the right person at the right time. Here are more depth information how AC affects on Marketing.
How AI Gathers Valuable Consumer InsightsCall Sumo
Check out this post to learn about how AI gathers valuable customer insights and helps marketers to understand customer behavior and create relevant advertisement channels.
"Ecommerce Trends 2023" is a forward-thinking presentation that explores the latest developments, strategies, and technologies shaping the future of online retail. Attendees will gain insights into the key trends and emerging opportunities in the e-commerce industry, including the growing importance of mobile commerce, the rise of social commerce, the impact of AI and machine learning, and the increasing emphasis on sustainability and ethical practices. Through real-world examples and expert analysis, this presentation will provide valuable guidance for businesses looking to stay ahead of the curve in the fast-evolving world of e-commerce.
"Ecommerce Trends 2023" is a forward-thinking presentation that explores the latest developments, strategies, and technologies shaping the future of online retail. Attendees will gain insights into the key trends and emerging opportunities in the e-commerce industry, including the growing importance of mobile commerce, the rise of social commerce, the impact of AI and machine learning, and the increasing emphasis on sustainability and ethical practices. Through real-world examples and expert analysis, this presentation will provide valuable guidance for businesses looking to stay ahead of the curve in the fast-evolving world of e-commerce.
20 Useful Applications of AI Machine Learning in Your Business ProcessesKashish Trivedi
A 2017 study from Pew Research found that more than 70% of the U.S. is scared that robots are going to take over our lives. And, while we can’t perfectly predict the emergence of a Skynet singularity, we can say with some certainty that technology is set to take over the repetitive, dehumanizing elements of our jobs instead of putting us out of work. Artificial intelligence (AI) is a strategic priority for 84% of businesses, and in some cases has been used to improve sales team efficiency by over 50%. Even I’ve used AI in the past to generate hundreds of relevant hashtags for social media posts at the click of a button. It was once the stuff of utopian science fiction and huge enterprises, but now practically anyone can take advantage. For this post, we will dive into 20 different applications of AI in the real world.
20 Useful Applications of AI Machine Learning in Your Business ProcessesKashish Trivedi
The fear of robots taking over our lives has been a prevalent concern, with over 70% of the U.S. population expressing apprehension, as highlighted by a 2017 Pew Research study. However, while the emergence of a Skynet-like scenario remains uncertain, it's evident that technology, particularly artificial intelligence (AI), is poised to revolutionize various aspects of our daily tasks, freeing us from repetitive and dehumanizing job elements rather than rendering us obsolete. With AI being a strategic priority for 84% of businesses, its implementation has shown remarkable efficiency enhancements, such as boosting sales team productivity by over 50%. The accessibility of AI tools has expanded significantly, enabling practically anyone to leverage its benefits. In this discourse, we'll explore 20 diverse real-world applications of AI, ranging from healthcare and finance to entertainment and government, illustrating its pervasive impact on modern society.
Personalization ads are creepy: A vision through e commerce industryLauraPiamba1
The competitive market in the e-commerce industry has been increasing around the past years, using the latest technologies to recollect data and with it make unique user experience and reach out to their customers with personalized data and direct marketing.
The level of OVER-personalization of ads use to be originated by AI-Powered, that still needs the human-sense, turning out be to the creepy space for the consumers.
10 Ways AI is Actively Changing Digital Marketing - Understandingecommerce.comM. Patrick Doherty
Artificial intelligence is no longer a novelty; it is a concrete force in careers and lives. It is actively changing marketing in a variety of ways. As we move into the future, marketers need to pay attention to how AI changes their field. Here are ten ways AI is making waves in digital marketing.
Finding Customers
SALESmanago Marketing Automation has developed its own AI engine – SALESmanago Copernicus Machine Learning&AI. Just now companies such as New Balance, Yves Rocher and Sizeer are using it to provide their customers with tailored and intelligently personalized content.
Algorithms Over Brands: How to Reach Today’s and Tomorrow’s AI-Augmented Cust...Cognizant
The rise of AI-powered systems is delivering new levels of consumer-augmented intelligence that brands must understand and interact with in order to stay relevant in their business categories.
Beyond the Buzz: How Sectors as Diverse as Logistics, Finance, Healthcare & M...Leah Kinthaert
In their report, “Predictions 2017: Artificial Intelligence Will Drive The Insights Revolution”, Forrester Research predicts that “insights-driven businesses will steal $1.2 trillion per annum from their less-informed peers by 2020”. Statista tells us that this year “the global AI market is expected to be worth approximately 7,35 billion U.S. dollars.”
I compiled a “best of” e-book for Informa Connect Learning from interviews with 34 pioneers on the topic of AI in marketing, healthcare, finance and maritime/logistics. From Wolfgang Lehmacher, Head of Supply Chain and Transport Industries of the World Economic Forum to Forbes 30 under 30 Domeyard Hedge Fund Partner, Christina Qi, the Global No. 1 Fintech, AI,
Blockchain & No. 2 InsurTech Influencer by Onalytica, Spiros Margaris to award winning scientist and entrepreneur, ReviveMed CEO and Co-Founder, Leila Pirhaji -
learn how 34 of the top artificial intelligence experts in the world are using AI to disrupt their industries, increase profits, drive efficiencies and in many cases - save lives.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
Ai and ml
1.
2. “The pace at which people are taking to digital technology defies
our stereotypes of age, education, language, and income. “
– Narendra Modi
The above lines were rightly quoted by PM Narendra Modi
signifying the importance of Digital Technology to raise our
standard of living. With the inclusion of Various Technologies like
Data Entry and marketing??, we have taken our business to
another level successfully. Now, New Era has different demands
with new inventions and ideas. One of the hottest topics the entire
Media covers in the last few years is the emergence of AI. For
Non- Technical persons, AI and ML seem to be a very technical
and complicated term but surprisingly we all are aware of it. Not
only this, we all are using these in our daily lives but may be
unaware of it. Today we all know Alexa, Siri, Google Assistant;
they all are voice assistants for their respective brands and a
perfect example of AI.
3. According to the father of AI, John McCarthy, “it is the science and engineering of making
intelligent machines, especially intelligent computer programs”. AI is a way of making a
computer or computer-controlled robot or software think intelligently, in a similar way the
intelligent human thinks. Machine learning is a system that improves performance in a
given task with more and more experience or data. The study of AI and ML has proven its
significance in the future.
For the question, when do you need to use AI/ ML in your business?”, the answer entirely
depends on how faster you want to take your business to another level.
Let’s take a small example of how AI or the use of ML can impact our business:
Suppose you are the owner of a store. Around 500 customers visit your store every day and
out of them, few are your regular customers (let’s say 10%). So, as the owner of the store,
you probably knew about their choices for their product. Also for the irregular customer,
you can predict.
For example, if a customer wants a birthday cake along with candles, then there is also a
chance for him to buy balloons because these three things are commonly used at birthday
parties. If someone is purchasing a cricket bat, he or she may also purchase gloves, leg-
pads, or a helmet. On a small scale, our brain is mature enough and trained well to handle
all these things. But if you are working on a large scale then to know the customer’s need,
their choice, preference, you have to analyze the data of the sales record that is maintained
by the data analyst and it may take time as well as financial resources. With the
advancement of technology, i.e., AI and ML we can predict the choices of customers easily.
Let’s take a problem, You are heading to a shop where the following items are available:
4. Customer Shopping History Purchase
Alexa
Jewelry, footwear,
handbags Watch
Siri Shoes, Watch, Belt Slippers
Alpha
Belt, educational book,
footwear Fictional Book
Beta Shoes, Watches, apparels Phone
Apparels, phones, books, footwear, jewelry, belt, handbags, watches, shoes,
slippers, sandals, educational books, and fictional books.
The table below gives a brief description of purchase data by 5 customers:
5. Let’s make a rough prediction. What Gamma will purchase?
The probable answer is, Gamma will purchase either Jewelry or footwear. The above
example is a real-life application of the Artificial Intelligence Prediction system. There
were five customers and their choice may be unpredictable if no. of customers increases.
In such cases, the past behavior of a person or shopping history gives a clear indication of
his/her choice or interest.
Various companies use these features and you may be surprised if I tell you that you are
their customer. How? Have you ever been to some music app? Suppose you choose one
song from singer A to listen to. After a week when you login into the same app, you will
find the same song, that’s because of search history. But if you find similar songs or some
other songs of the same singer then you are using a service that uses AI/ ML to know
your choice.
Not only these, the recommendation we get while browsing an online shopping website
like Amazon, Flipkart, or E- the bay is also a real-life application of AI. You ordered the
book “Ignited Minds” written by Dr. APJ Abdul Kalam. Now, you may be suggested
about other books by him like “Wings of Fire”. How can all this be possible? Is there
someone present physically recommending all these products to you? If it is so, then,
according to data, almost 1.8 billion users worldwide had done shopping online. No
service provider can recommend each person individually. That’s where AI and ML are
used. With the use of AI/ ML, the study on previous customer’s choices is taken under
observation and after proper analysis, similar kinds of products are assigned to the new
customer.
6. These features help you to know your customer choice, behavior, feedback, and by
analyzing all these you can make necessary changes to it. With the use of the
recommendation system, you can make the customer buy more things with their
needs.
How leading industries are using Artificial Intelligence and Machine Learning is
quite significant and also prove remarkable stats behind history. Whether it is a
music recommendation system like Spotify or Ganna, or your book reading app,
all are using AI to know about their choice.
Tesla and Google who are on the way to build Self- Driving Cars, are also using
the applications of Artificial Intelligence. This advancement will mark its history in
the world. Other Tech- Giant companies like – Facebook, Instagram, Twitter are
also using it for providing a better recommendation environment to their users and
making the app more interactive. Artificial Intelligence and Machine Learning can
also be proven as a weapon to enhance security features. Hence they can be used
for the betterment and welfare of society.
If you want to run your business efficiently in a competitive environment, then
you must use AI and ML, otherwise, you will not be able to make your position
with leading companies.