Consumer beliefs and behaviors are changing fast. To keep up with—and perhaps even influence—those changes, companies must leverage deep consumer insights. These are internal changes, but they are external ones. COVID19 is one of the most influential...
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Artificial Intelligence For New Product Development
New product development (NPD) is designing and launching products to answer a market opportunity. AI for new product development has applications across various business sectors. In the automotive vertical, companies consider a combination of smart...
ROI of Artificial Intelligence project – Key considerations for Executives
AI can fail you, and in a big way: by delivering results, which nobody cares about, or providing results only if you invest millions, which might not guarantee final success. Measuring the ROI of the Artificial Intelligence project will put you on...
How is the insurance industry changing?
The insurance industry is in an exciting place right now. It is a calm time before the storm. There are multiple changes in the world, especially when it comes to artificial intelligence, which brings earthquakes. The traditional approach of selling...
How Machine Learning generated $100M in 2.5 years for an insurance company?
After a storm because of the COVID-19, the IPO market has come back, and the machine learning-driven startup, Lemonade has rung the bell. Just look at their offering, the shares spiked by 139% to $69.41—putting the market cap at over $3 billion....
Tesla is not the first. Mercedes was the first autonomous car.
Germany was first in building a fully autonomous car, so we probably should be aware that Tesla is not the first company, which manufactures this type of vehicle. Decades before Google, Tesla and Uber stepped into the self-driving car business, a team...
European Union challenges in building the Artificial Intelligence talent pipeline
I have recently been studying a great summary of how the European Union shapes Artificial Intelligence talent, creates the labor market in AI, and why it is lagging internationally. There are many challenges in Europe, and I have found this topic...
Artificial Intelligence future is now, and you are late to the party
Artificial Intelligence future is valued at $1 trillion. While some companies like Johnson&Johnson, P&G, General Motors are adopting robotics and artificial intelligence, many are not. Early adopters of AI will share global profit, but...
Get Machine Learning working for your business
Are there any applications of Machine Learning, or are we still talking about the future and something they will come to us in a few years? Artificial Intelligence here and there. Machine Learning, robots, and automation. These terms bombard us from...
IKEA digital initiatives that redesign the giant
Ikea digital initiatives are getting more and more speed. When you look at the changes the Swedish giant is implementing in its operations, you will quickly understand that the company aims high. Ikea's digital transformation boss is Barbara...
Uber business model mechanics explained
Uber business model is one of the most prominent in the digital world. Investors, professors, entrepreneurs study the company moves and hope to grasp how the biggest ridesharing company brings value to customers. There are critics too; drivers who say...
How Product Manager gets machine learning skills, the self-starter way
More and more companies look for a Product Manager that specializes in building Artificial Intelligence products. Why? Well, Statista could be one source for a comprehensive answer. The research company claims that the Machine Learning...