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Is the gen AI bubble due to burst? CIOs face rethink ahead

CIO Business Intelligence

Generative AI has been hyped so much over the past two years that observers see an inevitable course correction ahead — one that should prompt CIOs to rethink their gen AI strategies. Gartner also recently predicted that 30% of current gen AI projects will be abandoned after proof-of-concept by 2025.

ROI 142
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Data-Driven Marketing Strategies to Supercharge eCommerce Businesses

Smart Data Collective

E-commerce Companies Are Using Big Data Technology to Improve the Execution of their Marketing Strategies. billion on big data by 2025. This figure will continue to grow as more online retailers discover the benefits of using big data for various purposes, such as marketing. The e-commerce sector is projected to spend over $6.2

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Why enterprise CIOs need to plan for Microsoft gen AI

CIO Business Intelligence

In fact, many similar advantages and disadvantages will likely apply to any AI platform provider that enterprises choose, and CIOs need to consider these wider questions in their gen AI strategy. The cost of OpenAI is the same whether you buy it directly or through Azure.

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The Evolving Importance of Analytics in Generating Leads through PPC

Smart Data Collective

billion by 2025. One of the most important benefits of analytics in marketing is with PPC marketing. More companies are using analytics to expand the reach of their PPC campaigns and improve their ROI. Is an Analytics-Driven PPC Strategy the Best Approach for Lead Generation? Draw Attention with Catchy Copy.

Analytics 114
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6 Metrics Data-Driven eCommerce Startups Are Prioritizing

Smart Data Collective

They are finding new ways to leverage data analytics and AI technology to maximize their ROI. E-commerce startups are investing most heavily in big data, which is why the e-commerce analytics market will be worth over $22 billion by 2025. Fortunately, new e-commerce companies are in a good position to benefit from data.

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NLP Isn’t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

According to IDC , worldwide spending on AI will likely top $204 billion by 2025. Juniper Research forecasts that in 2023 the global operational cost savings from chatbots in banking will reach $7.3 And that not only benefits customers, but it can also increase morale among the employees.

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8 Steps to Leveraging Analytics to Create Successful Ecommerce Stores

Smart Data Collective

Ecommerce companies are expected to spend over $24 billion on analytics in 2025. While there is no debating the huge benefits that analytics technology brings to the ecommerce sector , many experts are pondering what those actual benefits are. Those that have a solid strategy predicated on it will have a higher ROI.

Analytics 109