The AI Index is an open, not-for-profit project to track activity and progress in AI. Our Mission is to ground the conversation about AI in data. The AI Index is an effort to track, collate, distill, and visualize data relating to artificial intelligence. It aspires to be a comprehensive resource of data and analysis for policymakers, researchers, executives, journalists, and the general public to develop intuitions about the complex field of AI.
Farid Mheir's insight:
WHY IT MATTERS: this reports helps understand where we stand regarding AI. As I read this report and others I realize how much effort is being devoted to AI yet how much work and road still lies ahead.
This guide has been developed by leading retail intelligence platform PSFK. Researchers from PSFK and the Paris School of Luxury surveyed New York City’s retail landscape to identify signs of innovation that connect with global customer experience trends. The quotes from shoppers, experts and retailers have been sourced by the researchers.
Farid Mheir's insight:
WHY IT MATTERS: on the heals of NRF2019, this report highlights some of the new concepts, experiences and technologies that are fast becoming essential for physical retail survival. For my french-speaking readers I encourage you to look at Nathalie's Innocenti 3min video summary of the NRF store visits we have done together: https://www.youtube.com/watch?v=PNEL9RtjbFc
Online or offline: These cannot be the only options for consumers. See how Alibaba is transforming traditional retail with a complete digitization of commerce.
Farid Mheir's insight:
WHY IT MATTERS: watch this short video to see what Alibaba is doing to transform the retail experience, the retail stores and truly create an omni-channel experience. Can this model be applied in North America or Europe remains to be seen but it certainly raises some very interesting options for what the future of retail will look like: try things, get service and counsel, then buy everything online and get it to your home in 30 minutes.
2018 was one of the best retail years on record, writes Chris Walton, and so it is only fitting to celebrate the highs and lows from the past year.
Farid Mheir's insight:
WHY IT MATTERS: retail is embracing digital disruption and as is often the case innovation tends to be all over the place. This article is great review of what's been done during the year and exposes how far ahead China is in this retail innovation quest...
Automated Insights helps organizations make better business decisions, faster. By empowering data-driven organizations with their proprietary natural language generation (NLG) platform, Wordsmith, businesses are able to deliver the right insight, to the right person, at the right time and in the easiest-to-understand medium—the written word. Wordsmith makes exploring, discovering, and communicating insights easier than ever before.
Farid Mheir's insight:
WHY IT MATTERS: AI is becoming easier to use in real world applications, as evidenced by this recent forrester wave. It positions a number of tools for natural language generation to help with creation of analytics reports that present results in textual format instead of numbers and charts as is often the case with report generators. Good to know.
Artificial intelligence has advanced rapidly in the last five years. This talk intends to provide high-level answers to questions like: What can the evolution of intelligence in the animal kingdom teach us about the evolution of AI? How should people who are not AI researchers view the societal transformation that is now underway? What are some of the social, economic, and political implications of this technology as it exists now? What will future AI systems likely be capable of, and what are the largest expected impacts of these systems? The talk will be understandable for non-computer scientists.
Farid Mheir's insight:
WHY IT MATTERS: a great video to kickoff a weekend catchup on important concepts. This guy is amazing for his grasp on AI, and his ability to explain and illustrate complex concepts. Beware: some of the questions are nit-picking on subjects outside the talk and you will appreciate as I did the patience of the speaker to listen and answer those. Bravo!
Digital commerce innovators are moving beyond the traditional commerce site, and even mobile, to focus on emerging channels such as conversational interfaces.
New business models, such as subscription-based ordering and enterprise marketplaces, enable sellers to generate new revenue streams and focus on customer outcomes.
AI is playing a big role in digital commerce, improving customer experience, increasing revenue, reducing costs, and driving double-digit improvement in related metrics.
Customer-facing features continue to be the primary selection criteria for commerce platforms. However, agility, ease of deployment, flexibility to update content and deliver new features, and ability to scale are also crucial aspects of a commerce ecosystem.
Farid Mheir's insight:
WHY IT MATTERS: great analysis but as with every predictions, take with grain of salt... ;-)
Tech Trends 2019: Emerging technology trends can seem both elusive and ephemeral, but some become integral to business and IT strategies—and form the backbone of tomorrow’s technology innovation. The eight chapters of Tech Trends 2019 look to guide CIOs through today’s most promising trends, with an eye toward innovation and growth and a spotlight on emerging trends that may well offer new avenues for pursuing strategic ambitions.
Farid Mheir's insight:
WHY IT MATTERS: this is the time of the year for predictions. Deloitte has an interesting grouping that is technology centric.
Mission Capital Clients et Nathalie Innocenti partagen, en partenariat avec Emarketing.fr, les Grandes Tendances Store Tour NEW YORK 30 magasins + NRF 2019: Nouveaux Parcours & Expérience Points de Vente Connectés demain ? Best Practices & innovations les + prometteuses. Le tout en de 2 minutes. Enjoy !
Farid Mheir's insight:
WHY IT MATTERS: (in french) a great quick overview of the retail shopping experience and marketing trends as seen in NYC and NRF 2019. If you are in France, attend these events for more : http://www.mcclients.fr/nrf-2019-restitution/
Benchmark your email open and clickthrough rates with your statistics using our compilaton of the the 5 best email statistics sources
Farid Mheir's insight:
WHY IT MATTERS: we tend to minimize email as a digital transformation tool but we should not. Here are key statistics that you can use to benchmark your email marketing activities.
This study shares the insights about the world of social media marketing from more than 1,800 marketing professionals.
Farid Mheir's insight:
WHY IT MATTERS: social media remains one of the main components of digital transformation. Facebook remains the dominant player as evidenced by this survey of mostly small and medium businesses. Nevertheless, it shows that companies need to automate and dedicate resources to produce and manage content, which remains a challenge.
This report lays out a maturity model for AI adoption in the enterprise. It outlines five stages of AI maturity based on how organizations approach business strategy, data science, product and service design, organization and culture and ethics and governance.
Farid Mheir's insight:
WHY IT MATTERS: being able to measure maturity of your organization as it relates to AI is one of the key element to start crafting a digital strategy.
This report lays out a maturity model for AI adoption in the enterprise. It outlines five stages of AI maturity based on how organizations approach business strategy, data science, product and service design, organization and culture and ethics and governance.
Farid Mheir's insight:
WHY IT MATTERS: AI is transformative because it can solve problems in 5 areas that were previously difficult to apply computer engineering and technologies before the advent of AI.
This report lays out a maturity model for AI adoption in the enterprise. It outlines five stages of AI maturity based on how organizations approach business strategy, data science, product and service design, organization and culture and ethics and governance.
Farid Mheir's insight:
WHY IT MATTERS: a great reference to understand how and where to leverage AI in organizations.
Former Baidu Chief Scientist, Coursera co-founder, and Stanford Adjunct Professor — gave a talk at the Stanford MSx Future Forum. During the talk, Professor Ng shared his opinion on AI. He mainly discussed how artificial intelligence (AI) is transforming industry and business.
Farid Mheir's insight:
WHY IT MATTERS: we must learn from the best. Ng is one of the best. Read, learn, apply.
Cumberland Farms is a prime example of this approach. Drivers who fill up at one of the privately held chain’s gas stations can save 10 cents a gallon if they sign up for its SmartPay app, which connects directly to their bank account and is much like paying utility bills or rent. The company says its users have saved more than $100 million by using the SmartPay app.
Farid Mheir's insight:
WHY IT MATTERS: the electronic payment apps can save huge amounts for retailers, and it is a loyalty card at same time. Made popular by Starbucks payment apps which now accounts for 14% of all transactions, it is a wonder why not more retailers adopt it. The reason probably is that it requires internal systems to be upgraded which is often a very difficult thing to do.
Businesses are suddenly very interested in Facebook Messenger bots. And for good reason: Facebook's chat platform now supports over 1.2 billion monthly active users—and automated chatbots, like ManyChat and Chatfuel, provide a unique, interactive way of engaging with them. Chatbots let you have a conversation wit
Farid Mheir's insight:
WHY IT MATTERS: chatbots were all the rage last year, often described as a silver bullet to solve all kinds of problems easilly. Now they have become one more solution in the digital transformation arsenal, with PROs and CONs. This post describes the process to setup and configure two popular tools and in the process highlight their capabilities and shortcomings.
A multimodal experience that incorporates conversational and visual interfaces has a bigger impact on the conversion funnel than any single mode.
Unified commerce across channels and throughout the customer purchase journey offers the flexibility and consistency to deliver a superior customer experience.
Business models such as subscription, thing commerce and enterprise marketplaces help organizations move toward digital business via new ways of doing business and/or facilitating digital platforms.
API-oriented architecture, artificial intelligence (AI), personalization engines and product configurators are key technologies and architecture that enable compelling customer experience and digital business models.
Farid Mheir's insight:
WHY IT MATTERS: always good to know when looking ahead to the year to come, planning digital budgets and strategy.
As artificial intelligence (AI) and related technologies grow increasingly relevant to the retail industry, you need to find the best way forward for your business. Discover new scenarios for the digital age so you can place your bets confidently on the best strategies for engaging your customers and influencing their shopping behavior. Download this AI Retail Playbook to learn ways to:
Address ever-changing customer expectations and economic pressures to determine the best technology investments for your retail company.
Deploy AI and advanced analytics to determine customer behavior patterns and make the best use of your available data.
Deliver more engaging customer experiences, including personalized storefronts, adaptive home pages, and biometric recognition-based interactions.
Farid Mheir's insight:
WHY IT MATTERS: we are all struggling with the concept of new retail store experiences - especially how they will be created and maintained. This playbook from Microsoft provides a glympse into their vision for the future of retail.
Here’s a look at how the forces of IoT tech and data collection are already shaking the retail world, even as consumer activity becomes folded into the overall smart city experience.
Farid Mheir's insight:
WHY IT MATTERS: when Forbes starts to investigate a topic then it often means it is top of mind to its readers. This article provides isights into what is being deployed in retail stores using internet of things technologies.
But what is the difference between journey mapping and journey analytics, and how can they be leveraged effectively to drive optimal results? Get all the details in this informative, complimentary eBook. You'll learn:
What customer journey mapping is and its benefits and pitfalls
5 key differences between journey mapping and journey analytics
How to use journey mapping and journey analytics together for maximum impact
Farid Mheir's insight:
WHY IT MATTERS: this short book provides information to make sense of a new kind of tool that marketers should add to their arsenal: customer journey analytics platforms.
In our 27-criteria evaluation of product information management (PIM) providers, we identified the 10 most significant ones — Agility Multichannel, Contentserv, EnterWorks, IBM, Informatica, inRiver, Riversand, Salsify, SAP, and Stibo Systems — and researched, analyzed, and scored them. This report shows how each provider measures up and helps digital business professionals make the right choice.
Farid Mheir's insight:
WHY IT MATTERS: a recent review of the top PIM solutions.
Online grocery spending continues to grow at a rapid pace, now making up 5.5% of total grocery spending in the U.S., according to a new study from advisory firm Brick Meets Click. Nearly 30% of U.S. households buy groceries online, and most of the near-term growth in online grocery spending will continue to come from this group of active online grocery shoppers. Over the past year, online grocery shoppers increased their weekly online spending from 28% to 46% of their total grocery spend, the firm found. Their average order size increased from $62 in 2017 to $69 in 2018. The report says that while grocers are well-positioned to meet the growing demands of online grocery shopping, Amazon, which has 77% household penetration, will continue to challenge other retailers when it comes to capturing online grocery spending – especially as it leverages iPrime membership benefits through Whole Foods.
Farid Mheir's insight:
WHY IT MATTERS: online grocery retail is the last industry to digitize and these figures seems to indicate that it is entering the world of "Real" business opportunity - after 25 years of hype!
To assess the state of the customer journey analytics platform market and see how the vendors stack up against each other, Forrester evaluated the strengths and weaknesses of top customer journey analytics platform vendors, divided into two categories and therefore two Forrester Wave™ evaluations. The criteria for the two evaluations are similar, but: 1) the weightings are different to reflect whether the end user's priority is journey visioning or journey orchestration, and 2) the journey automation and orchestration criteria appear only in the journey orchestration Forrester Wave. This Forrester Wave focuses on visioning. You can find its companion evaluation, focused on orchestration, here: The Forrester Wave™: Journey Orchestration Platforms, Q4 2018.
Farid Mheir's insight:
WHY IT MATTERS : this is a new category of products that I was unaware of before now. With the importance of customer centricity in the digital transformation, I expect these tools to be very useful in large organizations.
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WHY IT MATTERS: this reports helps understand where we stand regarding AI. As I read this report and others I realize how much effort is being devoted to AI yet how much work and road still lies ahead.