For many years, marketers have questioned whether direct mail still deserves a place in a world shaped by digital communication. Email, social platforms, apps, and real-time analytics have changed how customers interact with brands, and these channels often overshadow...
Ana Arias, Geographic Information Systems Analyst at the City of Coral Gables, was a speaker during the DSS MIA 2024 conference. Her talk about transforming public services using AI was an inspiring and refreshing session between business- and technology-focused...
Financial technologies powered by AI are the agents of the new era in the financial industry. After being a plot in science fiction, it has now become reality and a power that drives innovation, efficiency, and customer engagement. Below are the ways AI is...
Market study notes that customer churn costs US provider a staggering $168 Billion per year and a just a 5% increase in retention can boost profitability by up to 75%. In addition, a customer’s likelihood to make another purchase increases by 2.3X after their 3rd...
Industry burnout is interlinked with cultural, individual, physical, or emotional exhaustion, and social factors, the resolution of which requires the technology-driven trends in the workplace and the technologies such as work pattern monitoring and Artificial...
Large Language Models (LLMs) have rapidly evolved, building on decades of research and advances in computing power and data availability. Most LLMs consist of billions of parameters; trained on vast amounts of diverse datasets. LLMs generate highly...
Generative AI, synthetic data, language models in healthcare, AI in finance, and ML in the enterprise are among the most significant topics to be covered during the Data Science Salon community events. Artificial intelligence transforms the way business operate all...
Did you know that organizations risk losing an average of 8% of their revenue due to poor Customer Experience (CX)? This significant potential loss can be attributed to the fact that over 50% of consumers either decreased or stopped spending with a business after a...
In recent years, Machine Learning (ML) has propelled software systems into new realms of capability. From revolutionizing medical assistance and personalized recommendations to enabling chatbots and self-driving cars, ML has become a cornerstone of modern technology....
Statistical Inference is centered on using random samples effectively. In order to draw a sample at random, one has to ensure that each observation is drawn independently from the same population. A random sample of observations is said to be independent, identically...