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Usage of AI for Customer Behavior Analysis

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The world is getting revolutionized with the impact of technologies like Artificial Intelligence and machine learning. These digital technologies have impacted various sectors and became valuable to humankind. 

Artificial intelligence is the technology that has created a revolution in the business sector by offering advanced solutions and tactics for the effective growth of the business. Business people are keen on applying such digital solutions where they can take advantage of AI. They are getting digitally equipped by having an online platform through which they can run a business online as well as take advantage of AI and other such technologies. 

“The fascination of AI has been disrupting the business sector like never before and rightly so because of the wings it offers to them to fly.” 

In recent times, from small businesses to large scale, everyone is introducing digitization to their business to go on the digital floors. The online business concept has been a crucial turnaround in the business sector and elevated the business scope. Whether it is small grocers who build grocery apps to serve their audiences online or the supermarkets that run business digitally and advancing their consumer service, all of them are taking healthy advantage of digital solutions. 

The adoption of digital solutions opens up the doors of innovation for business people to grow their business with concepts like AI. Artificial intelligence is the latest trend which business people are focusing on, and the variations it offers are impeccable. 

One of the outstanding uses of AI in the business world is customer service. It can be a very valuable integration because it is the concept that can be used for key analysis on customer behaviour and offering an outstanding experience to consumers. 

AI In Customer Behaviour Analysis

If you want to succeed in the business world, you need to acknowledge your customers and target audiences well enough. The more you know about them, the more you have a chance to succeed, and that is because you will be able to offer better service to them as you already have insights about them. 

“The integration of AI gives the liberty of customer behaviour analysis to the business model, which can be very helpful for the growth of the business. “

Businesspeople used to do customer behaviour analysis before, but previously due to lack of technologies, it was way more time-consuming. With concepts like Artificial intelligence, things have become more accessible. It is the concept that helps in analyzing the customer behaviour deeply so that you can take proper actions to offer amazing services to customers and eventually reduce the churn rate. 

Aspects Of Customer Behaviour Analysis With AI

Customer behaviour analysis can be a better sight for achieving business growth, and to comfortably execute it AI is there for you. Businesses need to deal with customer expectations, preferences, satisfaction, wishes, etc., and if they succeed in this, the customers will be happy. Thus, intelligent analysis is required to clear all the aspects in offering the best service. 

Understanding Purchasing Habits

Artificial intelligence will allow business people to know and understand the purchasing habits of potential or current customers. AI records all the points of interaction with customers for deep analysis and extracting the best meaningful outcome from it. Artificial intelligence analyses the customer’s purchase habits by having records of data that has been collected. 

Knowing Customer Expectations

Fulfilling customer expectations is very important in the business world. If you understand what customers are expecting in terms of product quality, quantity, tastes, use, prices, etc., and you are successfully delivering it to them. In that case, that is the best thing happening to your business. AI-powered businesses have the advantage of understanding customer expectations through various customer behaviour analyses. 

Forecasting Customer Needs

Forecasting customer needs can be very advantageous, and artificial intelligence is here for you to analyze customers’ future needs. Different customers have their individual requirements, and with AI, personalized approaches can be provided. The analysis of customer behaviour will allow them to forecast the needs of customers, and it will help in recommending the products and services in advance, which will be very effective in increasing sales. 

How AI Does Customer Behaviour Analysis?

Artificial intelligence is the technology that records information about customers’ sentiments when they surf the internet world. AI collects the requisite information and extracts meaningful insight from it, which helps understand customer behaviour through analysis. The insights like buying preferences and frequencies are revealed with the help of Artificial intelligence. 

Reduction In Churn Rate With AI

The customer behaviour analysis will elevate the customer experiences as business people will take some actions depending on the output of the analysis. The churn rate is something that business people need to reduce to grow their business. Artificial intelligence will help business people to improve their churn rate because of customer behaviour analysis. 

  • Empower business as AI drives better customer service
  • Greater customer experience by understanding customer behaviour.
  • Hence, betterment in customer service will reduce the churn rate.

Due to the analysis, the businesses will be able to offer better experiences to customers by improving customer service. The betterment in the customer service will have a good impact on the business model, and customers are likely to enjoy it, which will increase customer retention. Thus, businesses will not lose customers, and their churn rate will not be reduced. 

Cultural Shift In Business World Must Occur

The business sector is still in the initial stage of integrating such advanced technologies as Artificial intelligence. According to Forbes, only 23% of current business respondents use AI for running their business. Business people need to understand the importance of AI and other such technologies. That is how the cultural shift in the business sector will happen, which will have more room for advanced technologies. 

The main reason behind business people not actively supporting integrating the technologies is the realization of their importance. Another important reason is that they believe in hype that these technological solutions are very complex. If the efforts are put in integrating such, it offers a great outcome for them. Thus, the realization of the importance will lead the path of the cultural shift in the business sector. 

“The technological shift in the business sector will open new doors of innovation and discover the new path of success” 

Artificial intelligence can create a crucial turnaround in the entire sector because of its verticals. Customer behavior analysis being the most advantageous factor of integrating AI in the retail sector. Thus, the scope of AI in business is wide and fruitful. 

Final Words

The use of AI in customer behaviour analysis will greatly impact the ventures and give it better scope for succeeding. The analytical solutions it offers are outstanding. There are major benefits to the business if they are able to understand and predict their customers’ behaviour regarding their products and services. 

The current industry giants are already using AI and have great benefits in getting popularity. The rise in overall business standards is the excellent advantage of integrating technology solutions. Thus, with time and room, AI will continue to disrupt the commercial sector with its wings.

                                                                — Brijesh is the tech activist, blogger, and internet marketing officer of Elluminati Inc

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Source: https://www.aiiottalk.com/usage-of-ai-for-customer-behavior-analysis/

Artificial Intelligence

OpenAI’s New Code Generator: GitHub Copilot (and Codex)

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Louis Bouchard Hacker Noon profile picture

@whatsaiLouis Bouchard

I explain Artificial Intelligence terms and news to non-experts.

You’ve probably heard of the recent Copilot tool by GitHub, which generates code for you. You can see this tool as an auto-complete++ for code. You give it the name of a function along with some additional info, and it generates the code for you quite accurately! But it won’t just autocomplete your function.

Rather, it will try to understand what you are trying to do to generate it. It is also able to generate much bigger and more complete functions than classical autocomplete tools. This is because it uses a similar model as GPT-3, an extremely powerful natural language model that you most certainly know.

But if you try to generate code with the primary GPT-3 model from the OpenAI’s API, it won’t work. In fact, in their new paper released for GitHub copilot, OpenAI tested GPT-3 without any further training on code, and it solved exactly 0 Python code-writing problems. So how did they took such a powerful language generation model that is completely useless for code generation and transformed it to fit this new task of generating code? Watch the video to learn more!

Watch the video

References:
►Read the full article: https://www.louisbouchard.ai/github-copilot/
►My Newsletter (A new AI application explained weekly to your emails!): https://www.louisbouchard.ai/newsletter/
►GitHub Copilot: https://copilot.github.com/
►Codex/copilot paper: https://arxiv.org/pdf/2107.03374.pdf
►Yannic’s video about GitHub Copilot: https://youtu.be/TrLrBL1U8z0

Video Transcript

00:00

You’ve probably heard of the recent Copilot tool by GitHub, which generates code for you.

00:05

You can see this tool as an auto-complete++ for code.

00:09

You give it the name of a function along with some additional info, and it generates the

00:13

code for you quite accurately!

00:15

But it won’t just autocomplete your function.

00:18

Rather, it will try to understand what you are trying to do to generate it.

00:21

It is also able to generate much bigger and more complete functions than classical autocomplete

00:27

tools.

00:28

This is because it uses a similar model as GPT-3, an extremely powerful natural language

00:33

model that you most certainly know.

00:36

If you’re not sure or do not remember how it works, you should watch the video I made

00:39

a year ago when GPT-3 came out.

00:42

Okay, so as you know, GPT-3 is a language model, so it wasn’t trained on code but natural

00:47

human language.

00:49

If you try to generate code with the primary GPT-3 model from the OpenAI’s API, it won’t

00:54

work.

00:55

In fact, in their new paper released for GitHub copilot, OpenAI tested GPT-3 without any further

01:01

training on code, and it solved exactly 0 Python code-writing problems.

01:06

So how did they took such a powerful language generation model that is completely useless

01:10

for code generation and transformed it to fit this new task of generating code?

01:16

The first part is easy.

01:17

It had to understand what the user wants, which GPT-3 is already pretty good at.

01:21

The second part is hard to achieve since GPT-3 never saw code before, well, not a lot.

01:27

As you know, to be such a powerful language model, GPT-3 was trained on pretty much the

01:32

text from the whole internet.

01:34

And now, OpenAI and GitHub are trying to build a similar model, but for code generation.

01:40

Without entering into all the privacy dilemmas spawned with the Copyright issues of the code

01:44

used for training on GitHub, you clearly cannot be at a better place to do that.

01:49

I will come back to these privacy issues at the end!

01:52

Since GPT-3 is the most powerful language model that currently exists, they started

01:56

from there.

01:58

Using a very similar model, they attacked the second part of the problem, generating

02:02

code, by training this GPT model on billions of lines of publicly available GitHub code

02:08

instead of random text from the internet.

02:11

The power of GPT-3 is pretty much the amount of information it can learn from, so doing

02:15

the same thing but specialized on code would certainly yield some amazing results.

02:20

More precisely, they trained this adapted GPT model on 54 million public software repositories

02:27

hosted on GitHub!

02:28

Now, we have a huge model trained on a lot of code examples.

02:32

The problem is, as you know, a model can only be as good as the data it was trained on.

02:37

So if the data is randomly sampled from GitHub, how can you be sure it works and is well-written?

02:43

You can’t really know for sure, and it may cause a lot of issues,

02:46

but a great way they found to improve the coding skills of the model further was to

02:50

fine-tune it on code from competitive programming websites and from repositories with continuous

02:56

integration.

02:57

This means that the code is most likely good and well written but in smaller quantity.

03:01

They fine-tuned the model with this new training dataset in a supervised way.

03:05

This means that they trained the same model a second time on a smaller and more specific

03:09

dataset of curated examples.

03:12

Fine-tuning is a powerful technique often used to improve the results for our specific

03:17

needs instead of starting from nothing.

03:19

A model is often much more powerful when trained with more data even if it is not useful for

03:24

our task and further adapted for our task, instead of training a new model from nothing

03:29

with little curated data.

03:31

When it comes to data and deep learning, it’s most often the more, the better.

03:36

The descendants of this model are what’s used in GitHub Copilot and the Codex models in

03:41

the OpenAI API.

03:43

Of course, Copilot is not perfect yet and has many limitations.

03:46

It won’t replace programmers anytime soon, but it showed amazing results and can speed

03:51

up the work of many programmers for coding simple but tedious functions and classes.

03:57

As I mentioned, they trained the copilot’s model on billions of lines of public code,

04:01

but from any licenses, and since it was made in collaboration with OpenAI, they will, of

04:06

course, sell this product.

04:08

It’s perfectly cool that they want to make money out of a powerful tool they built, but

04:12

it may have some complications when it was made using your code with restrictive licenses.

04:17

If you would like to hear more about this issue in relation to copyright law, the GPL

04:22

license, and terms of service, I’d strongly recommend you watch the great video Yannic

04:26

Kilcher made a few days ago.

04:28

It is linked in the description.

04:29

Thank you for watching!

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Source: https://hackernoon.com/openais-new-code-generator-github-copilot-and-codex-bb143773?source=rss

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Is Your Phone Compatible With Android 12?

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Android 12, Google’s latest version of its mobile OS, is waiting in the wings to become the next big thing. Google expects this version to be a faster, smoother version than all of its predecessors. So, when can you expect to get your hands on this latest version of Android 12? Currently, it is in the last stages of beta development. Although an official release date hasn’t been announced by Google, it is expected that Android 12 will hit the market in August or September this year. The big question is whether your phone will receive a major update. On its launch, only a few models will receive the Android 12 update. To qualify for this update, each handset must meet a minimum hardware requirement. So, if you wish to enjoy Android 12 on your phone, scroll down to know more.

Is Your Phone Eligible?

According to Google, to get the most out of Android 12 the device should be eligible as a “performance class.” When we talk about the performance class, we refer to a set of device capabilities beyond Android’s minimal requirements. Android Performance class 11 users can also install Android 12. Also, Google has confirmed that when it releases Android 12, the requirements will be published for performance class 11.

What Happens if You Have a Google Pixel Phone?

Perhaps the biggest advantage of buying a Google Pixel phone is receiving timely updates. Google has promised to provide three years of Android OS updates on each Pixel handset. This implies that the Pixel 3 and Pixel 3 XL, released in 2018, are the oldest Pixel phones to get Android 12 updates. All new Google phones are also eligible, including Pixel 3a, Pixel 3a XL, Pixel 4, Pixel 4 XL, Pixel 4a (5G), and Pixel 5.

What Should Samsung Users Expect?

The details of the release of Android 12 on Samsung handsets are not clear. Android 11 was introduced on Samsung phones in December as part of the UI 3 update. Samsung phones that are currently using UI 3 include Galaxy S21 line, Galaxy S20 line, Galaxy Note 20 line, Z Fold2, Z Flip, and Series10, Fold, and S10.

We can expect UI 4 (and Android 12) to hit the Galaxy Notes by December 2021.

What’s in Store for Other High-End Android Phones?

We expect a collection of high-end phones to receive Android 12 updates similar to the beta release of Android 12. The names on the trial list include devices from Motorola, LG, Nokia, Oppo, OnePlus, Xiaomi, Realme, Sony, Vivo, and Asus.

At present, the Android 12 beta system is available in several high-end phones such as Asus Zenfone 8, OnePlus 9, OnePlus 9 Pro, Oppo Discover X3 Pro, and TCL 20 Pro 5G.

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Source: https://1reddrop.com/2021/07/25/is-your-phone-compatible-with-android-12/?utm_source=rss&utm_medium=rss&utm_campaign=is-your-phone-compatible-with-android-12

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BigWin Announces Rebranding – Launch of new Welcoming Activities for Freshmen

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[PRESS RELEASE – Please Read Disclaimer]

BigWin is an open-source no-loss lottery playground combining DeFi and NFT, which announced its brand iteration days earlier.

BigWin is trying to be a user-friendly and interesting lottery playground, the whale ocean park, the NFTs, and future functions created by the community, mainly for solving the problem of low user acceptance in DeFi, trying to give everyone a fair shot in this open, permissionless way of finance.

“We would like to bring more people into the DeFi world with the help of a DeFi enthusiast community, conveying the DeFi spirit of open-source, transparency, and openness to a larger group of people.” According to the BigWin Team.

Deep Learning Solution for DeFi beginners

More people come into the no-loss lottery playground to play and learn. After having the basic knowledge, they will explore more in the DeFi world with the help of the community. The community is also going to create more ways to play because of the composability of DeFi. The power of community is always larger than we think.

BigWin is committed to be user-friendly. It is easy to operate with the help of BigWin tutorials. Deployed on BSC, the gas fees are much lower. This makes it ideal for beginners to enter the world of DeFi. Moreover, once there are some problems, the BigWin team and the DeFi enthusiasts are here solving them.

BigWin is also practicing DeFi’ s openness and fairness. For now, they launched the Cake Limited Prize Pool, and the investment amount is limited to 100 tickets, which is fair for small asset holders. BigWin is also planning to bring in NFTs. NFTs present different lottery strategies. It has strong descriptive ability, and is suitable for complex and changeable financial contracts and lottery strategies decided by participation time, proportion of the amount in the pool when joining, and the holding amount of BWIN or others. No-loss lottery combined with NFT will be a better tool to lead beginners into the DeFi world.

The User-Driven Community is in process. On Discord, BigWin had two rounds of mascot polling. Luckily, I had the chance to participate in the vote and chose my favorite whale. Participation is the best way to understand more things. All the developments are decided by the community, there will be more ways to study and share with the community getting stronger.

DeFi has the potential to create a new era. For the first time in human history, something can connect people to complex financial facilities and capital.

“The world will either move toward unity and widely shared prosperity or it will move apart. We have a chance to use our influence in favor of a more united and cooperating world.” Franklin D. Roosevelt said many years ago, who was essential in the process of creating the IMF and the World Bank.

And this is what BigWin is trying to achieve.

For more information and where to begin:

BigWin Airdrop: By voting for the next pool we build, you can get our free airdrop up to 300 BigWin. You can also get the prize pool you want for investing with your holding tokens and get the big prize.

BigWin USDT x 100 Boost Prize Pool for beginners : Deposit 2 USDTs in the 100 Boost Prize Pool to get the chance to win 200 USDTs.

The activities are online on July 8th. Stay tuned for our 100,000 BWINs Airdrop and 100 Boost Prize Pool for you!

Our Official Website | Ask us Anything in Discord

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Source: https://coingenius.news/bigwin-announces-rebranding-launch-of-new-welcoming-activities-for-freshmen-2/?utm_source=rss&utm_medium=rss&utm_campaign=bigwin-announces-rebranding-launch-of-new-welcoming-activities-for-freshmen-2

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What is the Freedom Phone and Should You Buy It?

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If you haven’t yet heard of it, the Freedom Phone is a much-hyped new device that promises “free speech and privacy” to its users. Funded by Erik Finman, the self-made Bitcoin millionaire who bought $1,000 worth of the cryptocurrency when it was just $12 a coin. That investment was made when Finman was 12; by the time he turned 18, he was a millionaire. Now 22, Finman is promoting the Freedom Phone as “a free speech and privacy first focused phone. With features like tracking blockers and an uncensorable app store.”

Critics (mostly security experts) say that the phone is little more than a re-vamped budget phone from China but priced like an iPhone XR. Very little is known about the features or even the OS at this point but the phone is clearly being marketing to ‘conservative America’ as a device that is all about “Not just making America great. But also making a great phone.”

The Freedom Phone website offers very little information but is loaded with Buy buttons. The site promotes high-level features such as tracking blockers, an “uncensored App Store”, “Pre-loaded Apps”, a mobile OS based on free speech, “Large Storage”, a 6-inch screen, easy phone switching, etc. but fails to go any deeper into the actual specs of the phone or the operating system.

Although the site claims that the device ships in August, it’s surprising that not much information is available about the device or its performance so close to its release.

Some speculate that the phone is merely a bid by a newfound millionaire to take advantage of conservatives who are irked by ex-President Donald Trump being blocked from social media platforms like Twitter and Facebook. Although Trump is slowly losing support within the party, millions of Americans are still behind him:

According to a new NBC News poll, 44% of Republicans say they support the former president more than they support the Republican Party. That is a decline from 50% and the first time since July 2019 that party supporters outnumbered Trump supporters.

We don’t know what the pre-order levels look like with the Freedom Phone, but we suspect that it’s not entirely an unpopular device among conservatives who still expect Trump to make another bid for the White House. Even celebrities like Caitlyn Jenner, ex-Olympian and gubernatorial candidate for California, have pledged their support should he decide to run in 2024.

As for the Freedom Phone itself, there are too many questions left unanswered, such as whether or not it works with 5G networks, what kind of internal specs it offers, and what the specific privacy implementations are. Should you buy it? Well, if you have $500 to burn, go for it. However, since none of the critical information we typically use to assess the worth and value of a phone is available, we don’t recommend it.

From the image, it looks like any other budget Android phone. Is there more to it than that? Follow this story on 1redDrop as we track the story around the Freedom Phone.

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Source: https://1reddrop.com/2021/07/24/what-is-the-freedom-phone-and-should-you-buy-it/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-the-freedom-phone-and-should-you-buy-it

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