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Off the Shelf vs Custom Software: Making the Right Choice for Your Business

Trigent

Here’s all that you need to make an informed choice on off the shelf vs custom software. While doing so, they have two choices – to buy a ready-made off-the-shelf solution created for the mass market or get a custom software designed and developed to serve their specific needs and requirements.

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Next Best Action Marketing: How to Implement Hyper-Personalization with Machine Learning

Altexsoft

In this article, we’ll discuss what the next best action strategy is and how businesses define the next best action using machine learning-based recommender systems. The funnel for each customer is unique as each customer learns about a company or its services at their own pace and style.

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AI-First Benefits: 5 Real-World Outcomes

Cloudera

The availability and maturity of automated data collection and analysis systems is making it possible for businesses to implement AI across their entire operations to boost efficiency and agility. AI increasingly enables systems to operate autonomously, making self-corrections automatically as necessary. Benefits aplenty.

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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

percent of all retail sales (2.3 eCommerce share of total retail sales worldwide from 2015 to 2021. To remain competitive, retailers must allow in-store customers to enjoy the benefits of online shopping. In 2017, global eCommerce sales accounted for 10.2 trillion US dollars). This figure is projected to reach 17.5

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Should you build or buy generative AI?

CIO

For generative AI, that’s complicated by the many options for refining and customising the services you can buy, and the work required to make a bought or built system into a useful, reliable, and responsible part of your organization’s workflow. Since the release of ChatGPT last November, interest in generative AI has skyrocketed.

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How Financial Services and Insurance Streamline AI Initiatives with a Hybrid Data Platform

Cloudera

Institutions must design AI systems that are not only transparent, reliable, fair, and accountable, but also comply with privacy and security requirements, as well as align with human values and norms. It’s the most revolutionary technological development in at least a generation. But it’s also fraught with risk.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

We talked with experts from Perfect Price, Prisync, and a data science specialist from The Tesseract Academy to understand how various businesses can use machine learning for dynamic pricing to achieve their revenue goals. Would you consider fixed costs, competitor prices, or both? Dynamic pricing strategy 101 and key approaches.