When customers go to a brick-and-mortar store or super-market, they rarely just abandon their shopping carts after filling them up and walk away. But in the online world, cart abandonment is a very common behavior. How common? Well, according to the Baymard Institute, cart abandonment rates are, on average, as high as 70%! Needless to say, if you're an … [Read more...] about How AI Chatbots help Ecommerce Brands Reduce Cart Abandonment Rate
Internet Of Things
The Internet of things is the connection between objects and machines through embedded technology. In these articles, we’ll explore everything vital you need to know about IoT.
How IoT Can Help Feed the World
It's hard to think of an area of life today that the Internet of Things (IoT) hasn't affected. The business world has embraced it to gather more data and improve transparency, and many consumers rely on it to make their lives easier. These technologies can serve even higher purposes, too, like fighting world hunger. As of 2019, more than 820 million people worldwide didn't have … [Read more...] about How IoT Can Help Feed the World
How Mortgage Chatbots Accelerate the Mortgage Loan Process
Industries across the spectrum are exploring the use of Artificial Intelligence (AI) for transformation. The mortgage industry is no exception. We explored how AI Chatbots would transform the mortgage industry in 2021. The shift, while being all-pervasive, will play a vital role in accelerating the mortgage loan process. Effective lending and mortgage processes are vital … [Read more...] about How Mortgage Chatbots Accelerate the Mortgage Loan Process
Why Financial Services Brands Should Leverage Conversational AI for Customer Care
According to Autonomous Research, AI and machine learning can replace over $1 trillion of the current financial services cost structure, while a recent survey by Cognizant revealed that 74% of financial services executives believe that AI is extremely important to the future success of their companies. And when it comes to implementing AI solutions, a key focus area … [Read more...] about Why Financial Services Brands Should Leverage Conversational AI for Customer Care
How Artificial Intelligence Can Boost Your Website’s Performance
Artificial Intelligence (AI) has found applications in almost every area of business and improving website performance is no exception. Using the right AI tools, you can improve your website's user experience, site navigation, conversion rates, and so much more. But, exactly where should you start? That's what you will learn in this post: the applications of AI for SEO and … [Read more...] about How Artificial Intelligence Can Boost Your Website’s Performance
+
What is the Internet of things?
The Internet of things, often abbreviated as IoT, is a system of interconnected devices and sensors that collect and exchange data. The data collected by these devices can be used to generate insights that can help businesses make better decisions and improve their operations.
For example, a company might use IoT data to optimize its production line or track its sales team’s performance. While IoT business intelligence is still in its early stages, it has the potential to revolutionize the way businesses operate. In the future, every company will need to have an IoT strategy to stay competitive. Want to learn more about the Internet of things? Datafloq has courses available. Contact us to get started.
+
How does the Internet of things work?
Collecting data from devices allows people to gain insights that can be used to improve efficiency and productivity. Additionally, the Internet of things can be utilized to monitor and control devices remotely.
The Internet of things and data analytics are two areas working together to change how we live and work. As more devices become connected to the Internet, the potential for data analytics to improve our lives will continue to grow.
+
How has the Internet of things impacted business?
IoT allows businesses to gather data about how their products are being used and how they can be improved. It also provides insights that can help businesses reduce costs, improve operations and create new revenue streams.
The Internet of things is still in its early stages, but it’s already having a big impact on business. As the technology matures, companies will be able to do even more with the vast amount of data that’s being generated by connected devices.
+
What is the Internet of things used for?
From everyday objects like microwaves and alarm clocks to more specialized equipment like fitness trackers and industrial machines, the Internet of things allows devices to communicate with each other and humans, exchanging data and carrying out tasks automatically.
In addition, the IoT can also help us manage our resources more efficiently. For instance, by tracking our energy usage and adjusting our heating and cooling systems accordingly, we can save money on utility bills. There are endless possibilities for how the IoT can be used to improve our lives.
+
Why is it called the Internet of things?
The terminology “Internet of things” was first coined by Kevin Ashton in 1999 while working on a project at MIT. The basic idea is that, in the future, everyday objects will be connected to the Internet and able to communicate with each other. For example, your fridge could automatically order more milk when running low, or your car could alert you if there’s an accident ahead.
+
What might the Internet of things do in the future?
While this may seem like a far-off futuristic concept, there are signs that the Internet of things is becoming a reality. For example, many new homes are being built with innovative technology that allows homeowners to control everything from the lights to their thermostats right on their phone. Ultimately, the Internet of things has the potential to revolutionize the way we live and work.
