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Artificial Intelligence (AI) is penetrating the enterprise in an overwhelming way, and the only choice organizations have is to thrive through this advanced tech rather than be deterred by its complications. AI Tech Park aims to bring businesses one step closer to understanding the confusing AI space. We aid SMBs and large enterprises align the right technology solutions to many of the functional challenges at the workplace.

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QBE Insurance General Manager David Bacon Addresses Challenges and Opportunities as Artificial Intelligence (AI) Reshapes the Commercial Insurance Industry

1. Tell us a little bit about QBE and the key issues that needed to be resolved or addressed.

QBE has been around since 1886 and has built a global presence. Our Australian business was actually the first to apply machine learning and artificial intelligence to personal injury claims within QBE.

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Establish a Diverse Talent Pipeline:

Encourage diversity at all levels of the organization to ensure a steady pipeline of qualified candidates from various backgrounds.

Implement inclusive hiring practices that focus on merit and potential, while actively seeking candidates from underrepresented groups.

Cultivate an Inclusive Culture:

Foster an inclusive environment where employees feel valued, respected, and empowered to contribute their unique perspectives.

Provide diversity and inclusion training for all employees, including leadership, to raise awareness and promote understanding.

Set Inclusive Leadership Goals:

Establish measurable goals for diversity at the C-suite level, holding leaders accountable for progress.

Regularly assess and report on diversity metrics to track the organization's performance in achieving its diversity and inclusion objectives.

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The Rise of Low-Code and No-Code Solutions in Business

Explore how low-code and no-code applications can help companies build unique applications without the help of technical skills.

For many years, there have been two routes that businesses take on their way to application development: buying ready-made apps from an external vendor or building these apps from scratch using skilled developers and codes.

However, in the last few decades, the scenarios have changed with the rise and growth of sophisticated low-code/no-code (LC/NC) development. This is a great alternative that brings the power of application development to users across different industries.

Further, low-code/no-code (LC/NC) applications provide a close fit to different business requirements, as they can be implemented quickly and cost much less than a system developed in-house. 

So, the use of LCNC tools brings the potential for increased user accessibility, which promotes more innovation and relieves the load on IT departments. The adoption of LCNC platforms is the next step in making application development simple and accessible to everyone.

In this article, we will explore more about low-code and no-code through use cases and how they can benefit your business.

1. What is Low-code?

Low-code is a way of designing and building programs that use simple graphical tools and embedded functionality to eliminate the need for traditional or pro-code writing. Users may reduce their workload by utilizing low-code platforms that use tools to speed up and simplify certain operations.

Visit AITechPark for cutting-edge Tech Trends around AI, ML, Cybersecurity, along with AITech News, and timely updates from industry professionals!

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Transforming the Holiday Season with Smart AI Technologies

Retailers are compelling their customer service and supply chain systems to reach new limits with the anticipation of breaking the previous year’s record in spending during the holiday season. As the holiday season unfolds, it is a crucial time for retailers to maximize their sales and engage customers with the help of AI.  We have witnessed in numerous situations how artificial intelligence (AI) has changed the game for the retail industry in our previous articles.

Also Read: How Retailers Can Excel in Holiday Sales With AI-generated Gift Choices

In this article, we will delve into how AI has taken center stage from the perspective of retailers and revolutionized the traditional way they used to approach the holiday season.  

1. Five AI-smart Technologies That Will Transform This Holiday Season

To Know More Visit: https://ai-techpark.com/retailers-excel-with-ai-in-holiday-sales/

Visit AITechPark for cutting-edge Tech Trends around AI, ML, Cybersecurity, along with AITech News, and timely updates from industry professionals!

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How AI Can Have an Instant Impact on E-commerce This Festive Season

As the holiday shopping season approaches, online retailers are grappling with supply chain issues and product delivery, with AI implementation as a potential solution.

Also Read: How to Avoid Being a Victim of a Black Friday or Cyber Monday Scam

For shoppers, this is the perfect time to celebrate the holiday season, and for the e-commerce sector, it is an ideal time to get many reviews. However, during this time of the year, E-commerce stores face problems with understaffed teams, supply chain woes, and changing customer behaviors, which, when combined, create the storm of the century.

As consumer behavior and preferences change every season, e-commerce merchants continuously seek innovative strategies to engage and satisfy their customers. With the help of artificial intelligence (AI), with its automation capabilities and data-driven insights, it can upscale this landscape and generate a higher conversion rate.

In this article, we will find out more about how e-commerce merchants can use AI to benefit themselves during this festive season.

1. Benefits of AI in E-commerce  

The benefits of artificial intelligence are immense, as it helps e-commerce companies provide personalized experiences to their target audience and enhance day-to-day operations effectively. Let’s explore each advantage carefully:

1.1. Personalized Shopping Experiences

AI can analyze your user’s behavior to provide more personalized recommendations to help customers discover products that align with their festive needs and preferences. It can also optimize target advertising campaigns, enabling retailers to customize their marketing efforts, resulting in a seamless and individual shopping experience for customers.

1.2. Reduced Operational Costs

Implementing AI in e-commerce allows your business to reduce costs through automation of tasks, which diminishes the need for manual labor. AI enables you to manage your inventory and automate customer interaction, leading to savings in operational costs, empowering businesses, and getting a clear picture of the marketing challenges.

1.3. Increased Sales Opportunities

AI in e-commerce aids in forecasting emerging market demand during the festive season, enabling online retailers to strategically introduce and position their products and estimate opportunities for cross-selling and upselling. This means your business can unlock new sales channels for efficient sales processes and broaden its market presence.

To know More This Article: https://ai-techpark.com/ai-in-the-e-commerce-sector/

Transform your results with SalesmarkGlobal's expert insights and strategic counsel, igniting demand performance like never before.

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Three Things You Should Know About Quantum Computing

Every year, we witness breakthroughs in quantum computing (QC) that have the potential to transform numerous industries by creating ultra-secure encryptions and advancing artificial intelligence (AI) and machine learning (ML) enabled technologies.

Also Read: Don’t Ruin Your Black Friday

With the implementation of QC, IT engineers began to seek possible solutions at the subatomic and atomic levels and make them available commercially. 

In today’s article, we will learn about the three things about quantum computing that will change the traditional way of computing.

1. Three Things You Should Know About Quantum Computing

Quantum computing can be used to address difficult issues in fields that will significantly affect our lives, such as finance, artificial intelligence, autonomous car applications, medicines, and materials research. Let us take a glimpse at the top three things you must know about quantum computing:

Visit AITechPark for cutting-edge Tech Trends around AI

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AI in Pay Equity: Transforming C-Suite Compensation Practices

In today’s corporate landscape, pay equity has emerged as a critical concern for businesses and their employees. With an increasing focus on Diversity, Equity, and Inclusion (DEI) in the workplace, organizations are turning to innovative HR tools and platforms to address compensation disparities in the C-suite. This article explores how AI-powered solutions are revolutionizing compensation practices, promoting inclusivity, and closing the gender pay gap in leadership positions.

1. Pay Equity: A Definition and a Challenge

Pay equity is the practice of ensuring that individuals are paid fairly for their work, regardless of their gender, race, or other protected characteristics. It is an essential element of fostering diversity and inclusion within an organization. Unfortunately, the gender pay gap, especially in leadership roles, is a stark reality for many companies.

According to recent data, women, on average, earn 82 cents for every dollar earned by men. This gap widens further in leadership positions, with women often earning significantly less than their male counterparts. This disparity is not only an issue of social justice but also a business concern, as it can lead to talent attrition and decreased employee morale.

Explore HRtech News for the latest Tech Trends in Human Resources Technology.

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The Hidden Perils in the AI Model Assembly Line

To discover more about the unspoken risks associated with the AI model assembly line, read this exclusive article from AITech.

Artificial intelligence (AI) is transforming the way financial services institutions operate and engage with customers. From automating routine processes to offering personalised financial advice, AI’s potential to drive efficiency, innovation, and customer satisfaction is substantial. However, realising this potential is another matter. Gartner research shows that while 80% of executives believe that automation can be applied to any business decision, just 54% of AI models make it from pilot to production. This statistic underscores the gap between the promise of AI and its practical implementation, raising the question of what are the pitfalls in the AI model assembly line that stand in the way of success?

Pitfall One: protracted and disjointed processes dampen momentum

While financial institutions ambitions for AI projects are rapidly growing, most do not yet have a mature AI development infrastructure that is ready to meet this demand. Research from Deloitte shows that the number of AI-related activities undertaken by companies (across several sectors) is increasing, but that productionalising projects is a key issue, with organisations relying on manual, ad hoc processes to bring projects to life.

Visit AITechParkNews for cutting-edge Tech Trends around AI, ML, Cybersecurity.

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Following the Trajectories of AI and Headless Technologies

Experiencing the new digital encounter when AI and headless technology intersect. Explore the article to get the latest insights.

“Time will tell how digital experiences will change as AI and headless tools converge.”

                                                            by Darren Guarnaccia

Over the last few years, AI and headless technologies have been on similar trajectories. Both technologies serve as solutions for modernizing and transforming how companies deliver fast and dynamic experiences for the web, mobile, IoT, etc. However, as asked in a Forrester article, can the two technologies work together? 

The better question to ask—or, the more to the point trajectory to watch—is how and how soon they’ll merge. 

Understanding headless and AI today

Brands are currently using AI to add appeal to customer experiences, such as creating chatbots that automatically personalize content to a user’s profile. The number of use cases is minimal, however. 

To Know More Visit:https://ai-techpark.com/trajectories-of-ai/

Visit AITechPark for cutting-edge Tech Trends around AI

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AITech Interview with Hernan Arber, AI Product Strategy Lead at UserWay

Delve into the future of AI and accessibility with Hernan Arber, AI Product Strategy Lead at UserWay.

Could you please tell us about your background and how you entered the industry?

I am an entrepreneur, musician, and software engineer. I’ve had an extensive career in the startup industry spanning nearly two decades. I began my journey in the industry as a junior developer, and over time, I worked my way up to engineering director. Now, I lead the AI product strategy at UserWay.

Also Read: Hadoop for Beginners

While attending university, an interest in artificial intelligence sparked, so I focused on AI-based technologies and their applications. My thesis, “An AI-based Musical Sequencing System,” served as the culmination of my studies and earned me my Bachelor’s degree in computer science, and I’ve been delving deeper into AI ever since.

When it comes to product strategy and development, what is your approach? Can you guide us through your process, starting from the inception of the idea to the execution of FixMyCode.ai?

My approach to product strategy is relatively straightforward. I need to understand the data inputs and how we can optimize the sources. After processing these, I need to understand the required processes for this data and, finally, how we want to present the output in a user-friendly way that produces the WOW-Effect to offer a world-class experience. FixMyCode.ai originated internally at UserWay to help developers enhance website accessibility using AI. Over time, it evolved into the FixMyCode experience that is now available for everyone to use and enjoy for free. My involvement in FixMyCode focused on optimizing the processes, organizing the team, and working on the deployment stage, which included working on the UX and delivering the product to the world. Ultimately, the credit belongs to the team at UserWay.

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How AI can unlock the true potential of small EMDE traders

Discover how AI technology is revolutionizing the trading landscape for small EMDE traders. Uncover the game-changing potential of artificial intelligence in optimizing strategies and driving success.

E-Commerce has dramatically improved the lives of many in the West. Thanks to advances in technology, traders can now buy and sell goods far more quickly, efficiently and securely than ever before.

Also Read: Guide to the Digital Twin Technology

But not everyone has been able to benefit from these new technological capabilities. Millions of businesses in emerging markets and developing economies (EMDEs) have been locked out of E-Commerce, often because they don’t speak the same language as the finance or technology provider offering that solution. Or, in other cases, adoption of the technology has been far too slow to be effective.

This puts them at an immediate disadvantage, given that the global E-Commerce market is expected to peak at $3.65 trillion in 2023, according to Statista. That means that as companies in developed countries continue to prosper, those in EMDEs will only fall further behind.

So how can their future prospects be improved? The answer is through the use of artificial intelligence (AI).

Visit AITechPark for cutting-edge Tech Trends around AI