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The most valuable AI use cases for business

IBM Big Data Hub

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

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Record Retention Policy for Businesses: A Strategic Guide to Compliance and Efficiency

Armstrong Archives

For instance, a small healthcare provider would need to retain patient records for a different duration than a retail business would need to keep sales invoices. Digital Transformation and Its Impact on Record Retention The shift toward digital documentation has significantly impacted traditional record retention strategies.

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Infosource Global Capture & IDP Vertical Market Analysis 2022-2023 Update

Info Source

We also expect IDP solutions leveraging advanced AI technology and offering low code capabilities to lower the barrier for the adoption of digital automation solutions. For example, organisations in the Legal and Retail sector may see impressive ROIs. The Public Sector plays a multi-faceted role in digital transformation.

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Current challenges in fighting financial crime – Part 2

CGI

Historically, regulations that impacted corporate banking and those applied to retail banking were very different, so as the rules developed, strategies and processes were developed within specific departments in the bank. One final point; banks should consider finding a way to educate their staff, customers and partners.