Search by category: Artificial Intelligence
How about using a chatbot for sales? Skeptical? Bet we can change your mind! Picture a shopper on your online store: poised to buy, their cart brimming with items — then vanish, like so many others, contributing to a staggering $111B–$136B in annual retail losses from abandoned carts. How can you thwart this scenario? What…
What is an AI prompt and how to write one? These are very timely questions, considering that Statista folks expect the artificial intelligence market size to hit 300 billion bucks and beyond. Let’s face it: even though ChatGPT’s co-creator Sam Altman said that it is a mistake to use ChatGPT for important tasks, the global…
Remember the days before AI chatbots in banking? You’d call a friend in the morning and say, “I’m busy till the evening — going to the bank, you know the lines there.” Or this: “Press 2 to check your card balance, press 3 to contact an operator”. How annoying was that, right? Now, imagine you’re…
Big data analytics in the insurance industry is hardly news. The sector was one of the first major finance players to tap into the potential of information technologies, and it remains true to its original course. After all, what insurance providers do is they assess risks and hedge against financial losses. That requires a lot…
Big data analytics in banking is everything. This industry is built on the idea that today you should be making decisions wiser than yesterday’s, so it doesn’t say no to the opportunity for amelioration. Mordor Intelligence writes that the banking market size is expected to grow from $6.97 million in 2023 to $19.72 million around 2028,…