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AI in commerce: Essential use cases for B2B and B2C

IBM Big Data Hub

Key takeaways By implementing effective solutions for AI in commerce, brands can create seamless, personalized buying experiences that increase customer loyalty, customer engagement, retention and share of wallet across B2B and B2C channels. AI models analyze vast amounts of data quickly and accurately.

B2B 64
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ERP Integration Benefits Data-Savvy eCommerce for Distribution Industry

Smart Data Collective

These benefits include the following: You can use data analytics to better understand the preferences of your users and provide personalized product recommendations. Predictive analytics tools use market data to forecast trends and ensure e-commerce companies sell products that will be in demand.

B2B 107
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How AI Software is Changing the Future of the Automotive Industry

Smart Data Collective

This figure is expected to grow as more companies recognize the potential and decide to increase the resources they dedicate to machine learning and predictive analytics tools. Global companies spent over $328 billion on AI last year. The automotive industry is among those investing in AI the most.

Software 128
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5 Reasons Why AI-Analytics is more than just a Buzzword in 2020

bridgei2i

With that in mind, here are the latest growth drivers, trends, and developments that will likely shape the world of business data analytics in 2020: 1. Forbes predicts that predictive analytics will ensure that companies get a much-needed edge this year. AI Adoption is becoming increasingly rampant among B2B companies.

IoT 83
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3 Ways AIOps Drives Digital Transformation

CIO Business Intelligence

This includes contextual insights, predictive analytics, and anomaly detection for all your apps, along with a topology view of the infrastructure supporting these apps. Large volumes of such datasets are crucial for training machine learning models as well as for improving the accuracy of these models over time.

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ATD banks on B2B digital transformation

CIO Business Intelligence

But B2B companies have not been entirely immune to the shift toward digital services, with many of late launching transformations of their own centered around revamping old ways of conducting business in a new world. In many cases, they were forced to move because of disruptions in their sales teams and/or supply chain.”. “In

B2B 81
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An Overview of Sales Analytics in Event Industry

BizAcuity

Sales Analytics in simple terms can be defined as the process used to identify, understand, predict and model sales trends and sales results and in this process of understanding of these trends helps its users in finding improvement points.

Sales 67