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Why Financial Services Firms are Championing Natural Language Processing

CIO Business Intelligence

Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by support personnel, according to research by Juniper Research. by 2025, according to IDC. IntelĀ® Technologies Move Analytics Forward. IT Leadership

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Data-Driven Marketing Strategies to Supercharge eCommerce Businesses

Smart Data Collective

Big data has become a highly invaluable aspect of modern business. More companies are using sophisticated data analytics and AI tools to overhaul their business models. Some industries have become more dependent on big data than others. billion on big data by 2025. Use data to strengthen brand identity.

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NLP Isnā€™t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

According to IDC , worldwide spending on AI will likely top $204 billion by 2025. Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. Some of them use NLP technology while many are simple rules-based interfaces that follow a prescribed flow without any AI at all. .

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The Wide World of Data: Enter the Datasphere

Sisense

Itā€™s estimated that around 65% of the worldā€™s population is already connected and interacts with data every day. This number is projected to rise to 75% by 2025. Together, weā€™re currently creating about 44 zettabytes of data annually and this volume will increase nearly fourfold by 2025, according to the World Economic Forum.

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Preventing Next-Generation Fraud with Graph Database Technology

CIO Business Intelligence

trillion by 2025. If a specific email or login credential is identified in a potentially fraudulent transaction, all future interactions with this email or credential can be subject to additional scrutiny. IntelĀ® Technologies Move Analytics Forward. Just starting out with analytics? Real-time Fraud Detection.

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How Data Analytics Is Revolutionizing The Future Of eCommerce In 2020

Smart Data Collective

Data analytics is revolutionizing the future of ecommerce. A growing number of ecommerce platforms have expressed the benefits of data analytics technology and incorporated them into their solutions. How much of a role will big data play in ecommerce? billion on big data by 2025.

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CCaaS is a Vital Tool for Managing Customer Analytics

Smart Data Collective

Analytics technology has shaped many aspects of modern business. According to a report we cited last year, 67% of businesses with revenues exceeding $10,000 a year use data analytics. One of the most important reasons companies are investing in analytics technology is to improve their understanding of their customers.