AI can play a key role in simplifying the way people interact with DeFi. With generative AI-powered chatbots capable of conversing with users in a humanlike way, the technology can streamline our interactions with DeFi, guiding us through complex protocols in order to make them more user friendly. By using algorithms that can analyze user’s portfolios and behavior, assess their risk tolerance and study asset price movements and more, it’s possible for AI to deliver tailored advice to users, helping them to make better decisions about when to buy and sell different assets. A cool example of this is the decentralized hedge fund Numerai, which employs AI algorithms to crowdsource predictions made by data scientists. Traders can then use these predictions to make more informed trading decisions, driving their investment decisions in a decentralized and logical way. AI-powered trading bots can automate the actual process of buying and selling DeFi assets, based on predefined strategies. AI is uniquely able to process and summarize vast amounts of data and dig up useful insights from it. By analyzing blockchain data to identify patterns and trends, developers will be able to build more efficient smart contracts, while security can be improved through automated threat detection.
ORO Labs intake management and procurement orchestration platform introduces New GenAI capabilities for a simplified and hyper-personalized procurement experience
ORO Labs, creator of an enterprise-grade intake management and procurement orchestration platform, announced the general availability of platform enhancements that leverage the latest advancements in GenAI technology. These new capabilities are focused on creating effortless procurement intake experiences for business users while ensuring the security and flexibility that global enterprises require. ORO’s new AI-powered features include intent detection, category recommendations, buying channel guidance, supplier recommendations, smart PO/PR creation, and intelligent proposal reviews. Together, they work in harmony to guide users through the end-to-end procurement process without the need for prior knowledge of internal company policies or procedures, training, or documentation. These features were successfully piloted with several global enterprises in high-compliance industries and are now available to all new and existing customers. Key highlights of these GenAI-powered features include: Intent Detection, Category Recommendations, Buying Channel Guidance, Supplier Recommendations, Smart PO/PR Creation, Smart Proposal Reviews.
boost.ai launches AI-powered CX insights, revolutionizes analysis of customer interactions providing an end-to-end solution that automatically reviews every customer conversation
boost.ai announced the launch of AI-powered CX Insights, a trio of new features to its conversational AI solution that enables enterprises to better analyze customer interactions and improve customer experience. At its core, AI-powered CX Insights enables automatic review of every single conversation a virtual agent has with customers and provides enterprises with detailed, actionable insights. The new level of transparency will increase enterprises’ capacity to execute data-driven changes in their customer experience and react to emerging trends and customer issues in real time. Boost.ai’s AI-powered CX Insights provides an end-to-end solution that automatically reviews every customer conversation and empowers enterprises with deep visibility into the true quality of interactions. The result is a continuous, data-driven improvement of the customer experience with a level of insights not yet seen in this industry. The three capabilities that make up AI-powered CX Insights are: AI Review, Actionable Metrics and Conversation Insights.
Augmodo, developed SmartBadges employee badges based on spatial AI technology for real-time inventory and task tracking
To help retailers reduce out-of-stocks and optimize associate productivity and retention, Augmodo, developed SmartBadges based on spatial AI technology for real-time inventory and task tracking. This is a passive name badge that associates wear around their neck that tracks inventory. The technology is easy-to-deploy, installed in 20 minutes and with badges set into a charging station and easily picked up when shifts begin. The capabilities combine the best of both worlds when it comes to in-store tasks assisted by what is billed as “practically-grounded” AI. Augmodo’s badges are currently in pilot testing phase with retailers and brands around the country.
Four ways AI is humanizing the retail experience- anticipating consumer desires with uncanny accuracy, empowering employees to shine and analytics to track and forecast traffic patterns
1) By harnessing the power of AI-powered analytics, brands can now anticipate consumer desires with uncanny accuracy. By applying AI to deeply analyze customer data, Kroger is able to provide more personalized and effective digital coupons. This level of individualized targeting not only helps surface the most relevant products and promotions, but research shows that 75% of consumers are more likely to purchase from brands that deliver personalized experiences. 2) Empowering Employees to Shine: By equipping store associates with clear, data-driven guidance from AI systems, we’re seeing a marked boost in engagement, confidence, and job satisfaction – all of which directly translate to better service on the front lines. Walmart developed proprietary AI technology that provides their workers with actionable insights on everything from product management to inventory handling. Rather than leaving staff to struggle with uncertainty, it gives them the data and recommendations they need to make informed, effective decisions. 3) AI frees up valuable staff time and resources to dedicate toward higher-value, customer-facing work. This allows employees to provide the kind of personalized, hands-on service that keeps shoppers coming back. Ulta Beauty, for example, offers numerous AI-powered tools. By virtually trying on products, getting personalized recommendations, and more, Ulta shoppers can arrive ready to have rich, meaningful interactions with sales associates – who are now able to focus on exceptional service rather than basic product discovery. 4) By harnessing advanced analytics to track and forecast traffic patterns, for instance, brands can ensure they have the right staffing levels to minimize wait times and maximize one-on-one assistance during peak hours. One example is Daniel’s Jewelers, which found that traffic spiked in a third of their stores on Sundays. By analyzing these patterns, the company was able to adjust schedules so that their most skilled sales associates – the store managers – were available to assist customers during those busy periods. This kind of data-driven staffing not only reduces frustration for shoppers, but also empowers employees to provide an exceptional customer experience.
Qualcomm unveils the networking Pro A7 Elite Platform, the first commercial platform to revolutionize networking connectivity with edge AI
Qualcomm has launched the Qualcomm Networking Pro A7 Elite, a groundbreaking wireless networking platform set to transform how people will experience their networks with edge AI integration. Leveraging an AI co-processor with 40 TOPS of NPU processing power, the platform delivers elevated Wi-Fi 7 connectivity and networking performance, while also equipping connected devices with powerful and centralized generative AI processing capabilities. This class of gateways and routers brings transformative AI processing capabilities to not only manage the modern demands of the most dynamic Wi-Fi 7 networks, but also give rise to a new generation of generative AI-powered services that can be more seamless, responsive, personalized, and privacy-rich. The platform, designed with developers and ecosystem partners in mind, accelerates market entry and fosters AI-enhanced application development through access to the Qualcomm AI Hub where developers can create new applications and experiences, highlighting Qualcomm Technologies’ dedication to tech innovation and excellence.
MX launches new integrations to streamline deposit and bill pay switching- to more easily identify customers who could benefit from an account switch, and make it simple for consumers to actually switch
MX Technologies announced new integrations that will enable financial services providers to streamline the direct deposit and bill payment switching process for consumers. MX’s integration with Atomic helps financial providers more easily identify customers who could benefit from an account switch, and make it simple for consumers to actually switch. MX’s Data Enhancement, Customer Analytics, and Financial Insights solutions enable financial providers to surface insights about where consumers have direct deposits and recurring bill payments. Financial providers need this financial data intelligence to better understand consumer needs and offer personalized solutions and messages to meet them where they are. With the integration of Atomic’s consumer-enabled direct deposit switch technologies, financial providers can also now offer a streamlined account switching experience for consumers to immediately take action.
Adobe introduced a tool designed to attach a digital record of creation, known as Content Credentials, to individual pieces of content
Adobe introduced the Content Authenticity web app—a tool designed to attach a digital record of creation, known as Content Credentials, to individual pieces of content. By starting at the individual asset level, Adobe’s tool provides a foundation for broader digital trust, ensuring that creators receive proper recognition for their work and that the content’s history is preserved. It’s an essential first step for the industry in establishing a reliable system for content provenance. By offering creators a simple, free, and easy way to attach Content Credentials to what they create, they can preserve the integrity of their work while enabling a new era of transparency and trust online. The Adobe Content Authenticity web app will benefit creators and help consumers navigate the digital ecosystem with greater clarity. Adobe is leveraging its deep connection to the creative community to help address the growing concerns around attribution and content authenticity. These Content Credentials act like a digital “nutrition label” that tracks the content’s creation, authorship, and any changes made. This information stays attached as it moves across platforms—even if copied, reposted, or screenshotted. Adobe’s Content Authenticity tool ensures digital assets retain their rightful place in the creative ecosystem. By giving every piece of content a clear lineage and every creator their due credit, Adobe is setting the stage for a new standard that will protect, value, and elevate creators and their work.
Sonovate embedded finance and payment solutions partners with Alloy to mitigate identity fraud risks
Sonovate, a provider of embedded finance and payment solutions, has announced that it is implementing Alloy’s identity risk solution to prevent fraud and fuel growth better. Alloy solves the identity risk problem for companies offering financial products by enabling them to outpace fraud and serve more people around the world. Sonovate will use Alloy’s end-to-end identity risk management platform to stay ahead of rising fraud trends in the UK. A report from UK Finance found that £1.17 billion was lost to financial criminals in 2023. With Alloy, Sonovate is poised to stay ahead of fraud risk while ensuring that genuine customers can efficiently access the company’s products and services.
Precisely Announces Breakthrough in Data Enrichment with New Data Graph API- a single API offers simplified access to the Precisely data portfolio for flexible queries
Precisely announced the Data Graph API, a new addition to the Data Enrichment service within the Precisely Data Integrity Suite, during its Trust ’24 Data Integrity Summit in Philadelphia. For the first time, a single API offers simplified access to the Precisely data portfolio for flexible queries, data enrichment, and enhanced data discovery. Supported by the PreciselyID, the company’s unique and persistent identifier for any addressable location, the Data Graph API reduces complexity, ensures consistency, and speeds up the data enrichment process, accelerating time-to-value. Powered by GraphQL technology, the Data Graph API dramatically simplifies data enrichment by enabling users to specify their data needs in a single query. The API filters and organizes the data before delivery, ensuring that businesses receive only the most relevant information according to their needs. At the heart of the Data Graph API is the PreciselyID, which allows customers to connect addresses to a wealth of trusted data for additional insight, such as relationships between buildings, parcels, property attributes, addresses, demographics, natural perils, and more. The Data Graph API simplifies queries to the rich portfolio of Precisely connected data and can facilitate the same easy access to data from industry partners.