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How much do AI projects cost?
When considering starting with AI, you surely wonder how much money this undertaking will cost you. Is it millions of dollars and years of development? Or a few thousand bucks and a few weeks of work? There is one important thing you have to be aware of here: it depends - and on a number [...]
How a European leader in construction material trading increased profit margin by 30% in 12 months and revenue by 10% with predictive models
About the Client The Client is a European leader in construction material trading. They aim to offer their customers competitive prices, fast order completion and delivery, as well as tailor-made additional services. Challenge High market unpredictability The Client operates on an unpredictable market where prices of construction material, currency rates, and demand for the [...]
Building your data science team: in-house or outsourced?
Building your data science team is one of the most essential elements of developing your AI tool. Naturally, an AI project doesn’t start with development right away, but with the right preparation - like creating a very basic data strategy including the use case, information about data, etc., there comes a point where you have [...]
NLP vs. Predictive Analytics: do you really need an AI chatbot?
By 2022 chatbots are expected to cut business costs by $8 billion. Not only will it reflect on a business’s bottom-line, but it will also impact the way we communicate – in just 2 years, chatbots will become a more frequent chat companion than our partners! But are chatbots an ultimate solution to every business [...]
How to start with artificial intelligence: your first steps with AI
Have you considered implementing artificial intelligence for your business? You’re here, so chances are you have, and there is some idea developing in your head. What does your dream AI implementation look like? And, quite importantly, where does it start? It may come as a surprise but an AI project does not at all start [...]
How to increase revenue from your customers using predictive analytics
This article is based on a presentation delivered during Neoteric AI Breakfast London. Read more about the event in the ebook "Scaling Digital Products with Data". When you’re a beginner with AI, you might think: “So there’s this cool thing called AI, or machine learning, and I may find it useful”. But when you start, it’s [...]
Using identity resolution to know and reach your target audiences
This article is based on a presentation delivered during Neoteric AI Breakfast London. Read more about the event here. Personalized customer journeys are impactful. Whenever you go online, use an app, or click an ad online, new touchpoints are created. With so much data available, companies can interact with customers, and not just any customers [...]
AI projects fail – here’s why
When thinking about starting your AI project, you’re likely feeling a combination of excitement and concern. Wow, this can be amazing. All the success stories, the numbers of sales increase, revenue growth… So many opportunities! But… On the other hand, what if it goes wrong? How can you mitigate the risk of wasting time and [...]
Are you ready for artificial intelligence?
Artificial intelligence adoption is tempting - with all the possibilities and success stories around, it’s surely crossed your mind to give it a shot, too. And it’s true that AI can solve various business problems and help organizations improve efficiency and increase revenue. However, AI implementation is not as simple as installing an app on [...]
Mistakes of AI adoption: How much can we trust AI?
The trust we have for any technology is usually limited. With artificial intelligence, we can be tempted to be even more skeptical: if it’s to display intelligence, the bar is set high. The problem can grow when we consider that there’s no clear, uniform definition of human intelligence. If the original is not fully understood, [...]
