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AI for retail is a concept that can be easily understood superficially. After all, artificial intelligence is pretty much an absolute necessity nowadays, whether its simple inventory management or complex customer service automation. However, many companies and business establishments have not yet leveraged this powerful AI technology tool. In fact, fully realizing its potential in commerce is still a cultural and traditional struggle. Corporate structures are usually still locked within the standard operative know-how of…

Artificial intelligence has the power to transform how banks operate. AI can change how banks do everything from interacting with customers to ensuring regulatory compliance.  Yet despite the fact that AI holds massive potential benefits for banks, use of AI also comes with its share of challenges. It’s important to be aware of both the possibilities and pitfalls if a bank intends to employ AI in its operations. The Importance of AI for Banks Why…

As the world moves towards “the fourth industrial revolution”, the emergence of open innovation has become of increasing importance. Traditionally, organizations have relied on internal R&D resources and human capital to produce innovative products and services. While this traditional form has resulted in a significant amount of groundbreaking and life-altering technology, modern-day innovation has moved towards an “Open innovation” model. Let’s review what open innovation is and highlight 5 open innovation systems that are wildly…