AI & Robotics

It’s not easy for corporations to price their goods and services appropriately, but getting pricing right is critically important to their success. According to a McKinsey & Company report, a 1% price increase translates to an 8.7% increase in operating profits on average, yet an estimated 30% of the thousands of pricing decisions companies make every year fail to deliver the best…

Getting a customer onto a company’s website to check out its products is challenging enough in itself, but getting them to complete a transaction is a whole different ball game. Last year, 75% of all ecommerce orders were abandoned before finalizing the purchase — reasons include an overly complicated checkout process, limited payment options, hidden costs, registration friction, security…

Ensuring regulatory compliance can be expensive for financial services companies. In fact, the average cost nearly doubled from $16 million to $30.9 million between 2011 and 2017, according to one survey. And it’s tough for most to keep up — in 2017, over 900 agencies together issued over 200 regulatory updates each day, on average. Companies like Tookitaki aim to ease the regulatory burden…

Faced with the public furor over problems with artificial intelligence, tech companies and researchers would now have us believe that the big fix for those problems is to develop AI for social good. This proposal is not new; it’s the latest in a long line of bold, mostly overreaching claims about technology’s capability to do social good. In his 2012 book The Master Switch, Tim Wu makes the…