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Kateryna Lytvynova's Blog (6)

How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Digitalization influences how businesses operate and build and maintain relationships with customers. With the internet open 24/7, consumers can save time and shop online at their convenience. In 2017, global eCommerce sales accounted for 10.2 percent of all retail sales ($2.3 trillion US). This figure is projected to reach 17.5 percent in 2021. Revenue from eCommerce sales is expected to grow to $4.88 trillion US.…

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Added by Kateryna Lytvynova on July 4, 2019 at 6:00am — No Comments

Price Forecasting: Applying Machine Learning Approaches to Electricity, Flights, Hotels, Real Estate, and Stock Pricing

When you give customers advice that can help them save some money, they will pay you back with loyalty, which is priceless. Interesting fact: Fareboom users started spending twice as much time per session within a month of the release of an airfare price forecasting feature. This tool continues to grow conversion for our partner.

Besides travel, price predictions find their application in various scenarios. Commodity traders, investors, construction developers, or energy generators…

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Added by Kateryna Lytvynova on May 22, 2019 at 7:30am — No Comments

Reinforcement Learning Explained: Overview, Comparisons and Applications in Business

Imagine you’re completing a mission in a computer game. Maybe you’re going through a military depot to find a secret weapon. You get points for the right actions (killing an enemy) and lose them for the wrong ones (falling into a pit or getting hit). If you’re playing on high difficulty, you might not conclude this task in just one attempt. Try after try, you learn which consecutive actions are needed to get out of a location safe, armed, and equipped with bonuses like extra health points or…

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Added by Kateryna Lytvynova on April 18, 2019 at 2:00am — No Comments

How to Choose Fraud Detection Software: Features, Characteristics, Key Providers

As we make more cashless payments for retail purchases, restaurants, and transportation – not to mention the increase in online shopping – wallets loaded with legal tender may become a thing of the past. According to 2018 research by BigCommerce, software vendor and Square payment processing solution provider, 51 percent of Americans think that online shopping is the best option. Last year, 1.66 billion people worldwide bought goods online. And the…

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Added by Kateryna Lytvynova on December 19, 2018 at 1:00am — No Comments

Sentiment Analysis: Types, Tools, and Use Cases

What do you do before purchasing something that costs more than a pack of gum? Whether you want to treat yourself to new sneakers, a laptop, or an overseas tour, processing an order without checking out similar products or offers and reading reviews doesn’t make much sense anymore. Thanks to comment sections on eCommerce sites, social nets, review platforms, or dedicated forums, you can learn a ton about a product or service and evaluate whether it’s a good value for money. Other customers,…

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Added by Kateryna Lytvynova on October 30, 2018 at 12:45am — No Comments

Best Machine Learning Tools: Experts’ Top Picks

The best trained soldiers can’t fulfill their mission empty-handed. Data scientists have their own weapons  machine learning (ML) software. There is already a cornucopia of articles listing reliable machine learning tools with in-depth descriptions of their functionality. Our goal, however, was to get the feedback of industry experts.

And that’s why we interviewed data science practitioners — gurus, really —regarding the useful tools they…

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Added by Kateryna Lytvynova on July 13, 2018 at 2:00am — No Comments

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