AI & Analytics

Anil Nagaraj - May 21, 2020 - 294 views

With sales dropping rapidly due to COVID-19 lockdowns, a leading international convenience store needed recommendations on how to increase its revenue – and it needed the answers quickly.   Within five days of starting our analysis, we assessed how the business’s “basket” of top-selling items had changed. This would allow managers to ensure stores had […]

Agil Francis - February 13, 2020 - 747 views

While more P&C insurers are embracing data, artificial intelligence (AI) and machine learning as part of their digital strategy, we often hear them voice frustration about generating business outcomes from these investments. Many find it difficult to tie their AI initiatives to key performance indicators (KPI) and profitable growth. As they gear up to implement […]

Bret Greenstein - February 5, 2020 - 556 views

Most senior leaders would agree that adapting in real time to customer and market needs is vital for achieving their visions and goals. And to develop this capability, they’d also likely agree they need data and artificial intelligence (AI). The examples are all around us. The city of Chicago uses 12 variables, including high daily […]

Maria Nazareth - December 18, 2019 - 534 views

The call center has always been an important way for banks to connect with customers. But it won’t be long before call centers without artificial intelligence (AI) will be unable to make those human connections. I’m reminded of a meeting that I and one of my colleagues recently had with a bank CEO. My colleague […]

Maria Nazareth - November 21, 2019 - 483 views

I recently worked with a large U.S. bank with a long to-do list for using artificial intelligence (AI). Like many banks, it recognized the potential for using AI-based insights to personalize offerings and offer more relevant services, including an interactive map on its website to explore local merchants that accept the bank’s credit cards. But […]

Maria Nazareth - October 30, 2019 - 1345 views

When it comes to using artificial intelligence (AI) for credit-card fraud management, the benefits are more than meets the eye. Yes, AI-powered detection systems spot fraud more quickly and help contain losses. But the systems also put a new spin on fraud for credit card providers: Real-time fraud detection helps inspire customer confidence and boost […]

Badhrinath Krishnamoorthy - September 25, 2019 - 608 views

AI is great at cutting operational costs. For media, entertainment and telecommunications companies, in fact, some of AI’s best uses to date have focused on reducing fraud and squeezing inefficiencies from IT infrastructure. Yet the greatest potential for AI lies in its ability to generate growth. By personalizing the customer experience, AI can help companies […]

Matthew O'Kane - September 20, 2019 - 578 views

2019 has been a good year to be in the business of applying AI to solve business problems. Many organizations now realize AI’s power and are gearing up to infuse machine intelligence into their business core. This has personally been very cathartic, as it’s something I’ve been advocating for many years. But why now? I […]

Chandan Gokhale - July 30, 2019 - 453 views

Medical information and data has grown exponentially in recent years, posing new challenges for life insurance underwriting. With often voluminous medical histories to assess risk, the process can take an inordinate amount of time. Applicants can end up frustrated, dropping out of the application process and seeking other alternatives, perhaps with competitors, in search of […]

Bret Greenstein - June 28, 2019 - 417 views

Let’s start with water. Pumps and complex piping systems keep our houses, factories, schools and hospitals functioning. But if something goes wrong, it’s impossible to always have the right technical skills available at every pump installation. This is where AI can transform the process. We teamed up with Grundfos, one of the world’s largest pump […]