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Artificial intelligence (AI) is the buzzword in technology right now, and for a good reason. Over the past few years, several innovations and achievements previously exclusively in science fiction are gradually becoming a reality. Experts see artificial intelligence as a production factor that creates new sources of growth and changes the way industries work. The
Artificial intelligence (AI) and machine learning in finance cover everything from chatbot assistants to fraud detection and task automation. According to the Insider Intelligence AI in Banking report, most banks (80%) are well aware of the potential benefits of AI. The decision of financial institutions (FIs) to adopt AI will be accelerated by technological advances,
Chatbots are rapidly evolving across all industries as they provide a better user experience at a lower business cost, equally attractive to consumers and businesses alike. As the younger generation shows a growing desire to get fast and efficient 24/7 service, the possibilities of such technology continue to grow. The chatbot market is projected to
Revolutionize the way you interact with customers.
Imagine if a computer did part of your work with customers. Some intelligent computers can work as information on your site or answer customer calls… Fascinating, isn’t it? But this is no longer a fantasy but reality: modern chatbots using NLP are no longer different from people. And this is thanks to the introduction of
According to Genpact, 87% of insurance companies invest more than $5 million annually in AI-related technologies. Gone are the days when artificial intelligence was a buzzword or even something that was «nice to use» – now, it’s just a «must use». A key strategic area that insurers have bet heavily on is improving customer service.
Artificial intelligence in recruiting is one of the most significant trends in attracting talented employees. Such solutions drive candidate management and engagement, including chatbot technology. Over the past few years, bots have become much more advanced as natural language processing improves. Much of the evolution is due to improved technology that may more naturally read
In recent decades, the culture of shopping has changed significantly. Previously, people made shopping plans in advance. Families were given one day for all purchases. But then online stores appeared. Online shopping is a paradise for all shopaholics. You can order something at any time of the day without leaving your home with just a
Until the 80s and 90s, most companies had to hire administrators to answer and transfer calls to the help desk. Administrators answered basic questions, took messages, or referred clients to staff members who could provide alternative assistance. As the speech recognition technology revolution unfolded, more and more companies were able to free up jobs and
Suggest a client is looking for a new home to live in or a potential seller wants to sell their apartment. Both parties demand quick responses in any scenario. However, it is difficult for a real estate agent, broker, or developer who handles new and old listings, as well as their sales and marketing tasks,