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Are you prepared for the Revolution? How to embrace AI

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Are you prepared for the Revolution? How to embrace AI 1

By Craig Lodzinski, Chief Technologist for Data and Emerging Technologies,Softcat

AI is far from being the new kid on the block, with its theoretical foundations laid decades ago by luminaries such as Alan Turing and John McCarthy.

For businesses, it’s only recently become a reality. Those embracing it will be rewarded with greater efficiency, customer engagement and retention, as well as improved products and services.

However, with so much noise surrounding the industry and offerings popping up just about everywhere, it’s difficult to decide the best way to invest in AI.

Here, Craig Lodzinski at Softcat takes a look at the future of AI for businesses who are looking to adopt and adapt. 

Take a breath before you dive in…

The AI industry shows no sign of slowing down, with the finance sector among the industries set to see the greatest benefit. In fact, it’s estimated AI processes could save the banking sector alone $1 trillion by 2030.

While we can expect to see many businesses leap headfirst into decisions about AI, those set to extract the greatest value will see through the fog and invest in the right systems to help streamline existing processes or add extra functionality to their offerings.

Many will be tempted to invest in the most innovative or creative examples of AI as a business differentiation or brand awareness exercise.

However, this is a risky strategy.AI investment should always align with the core of your business model. It should allow your business to work faster and smarter and generate cost savings.

For example, the online banking industry can implement AI services to help strengthen fraud detection, suggest personalised deals to customers and troubleshoot customer queries via automated chatbots.

AI can also help determine where prospective customers are in the sales funnel by identifying patterns of behaviour and allowing companies to serve them tailored information relevant to that stage in the funnel, ultimately increasing conversions. 

The buy vs. build debate

Those ready to implement AI have an important question to answer. Do you buy pre-built AI infrastructure from a third-party vendor, or do you build your own from scratch?

There are benefits and pitfalls to both; it simply depends on your in-house capabilities and your long-term vision.

In the end, the decision tends to boil down to a few key factors. Larger businesses with mission-critical data sets and the manpower with the right skillsets could gain a competitive advantage by building their own systems.

On the other hand, smaller organisations may benefit more from outsourcing their AI function to external vendors and spending resource on maximising its potential.

The reality for many businesses in the early stages of AI will be a hybrid of both models. Investing in existing technology, while laying the foundations to build their own products in the future. 

The next move

AI can be costly to implement and won’t transform a business overnight. Investments should be made with the goal of improving business performance in the long term and enabling better decision-making and more advanced capabilities in the future.

Business’ burning questions should drive decisions when it comes to AI. How can we retain customers? How can we make it easier for new customers to find us and buy our product? How can we solve our biggest problems like fraud or market competition?

For financial sector businesses, this could be AI aiding in the assessment of credit decisions.Data-fed AI can be used to review applicants based on a set of rules, relieving employees from long hours of manually assessing candidates and freeing them up to focus on other tasks.

Another example is compliance, which has traditionally relied on people. As the regulatory burden grows in the financial sector, organisations are starting to harness AI to automate a large proportion of the compliance function. Combined with management judgement, AI can streamline the process by providing a 360-degree view of an organisation’s current state of compliance and better protect consumers.

Whether you choose to buy or build, it won’t always be plain sailing. The nature of such a disruptive industry means there will always be issues to iron out. However, the doors AI can unlock for businesses is well worth the effort.

A common stumbling block for those venturing into AI is finding the right partners to help drive growth in this unchartered territory. AI has traditionally been an academic subject, with those able to apply it in a business sense being hard to come by.

As with tech innovations like cybersecurity, AI is suffering from a skills gap, meaning those who can attract the brightest talent have the opportunity to race ahead of the competition.

 One small step for AI…

Although it appears AI has developed rapidly over the last few years – becoming a common part of our daily lives through devices like Siri and Alexa – the theory upon which the AI revolution has been built has actually been around for the best part of a century.

AI in its modern form is based on a set of complex maths and millions, if not billions, of data sets. While the realisation of AI technology has come about rapidly, we can’t expect to see the recent rate of growth continue.

The future of AI is expected to progress in small shifts, with significant developments occurring less frequently than they have done previously which is great news for businesses who are yet to invest.

How To

How You Can Make Money From Home

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How You Can Make Money From Home 2

There is no secret to making money online, the only secret is your persistence. Hidden away between the tips on starting a wine club, taking up a photography club or joining the wine revolution, there are smart tips that anyone could use to earn money online without having to quit their day job. We have written lots about the many ways people abroad to help finance their lives.

A good place to start with online jobs is with paid surveys. Surveys pay for your time and allow you to earn a bit of extra cash. The reason you will be able to earn more than what you are actually worth is that a survey company will pay to send you their questionnaire so that you can answer it. The more accurate and detailed your answers the more likely you are to get paid.

There are many survey companies available, you need to choose wisely and carefully as some surveys are paid better than others. For example, you may get paid well if you give an opinion on the health of wine or food. You may get paid just as well if you offer an opinion on which type of music you like.

Another great way to make money online is to write articles. You could write an article and then sell it to an affiliate. If someone likes what they read you will get a commission.

If you are unable to write or if you do not have the time, you could hire someone to write for you. This could be someone who has experience in web content writing or a freelance writer. You could also sell your own articles on an affiliate website such as Clickbank or Commission Junction.

It is easy to make money, it can take some time but it is definitely possible. All you need is determination and discipline to keep at it.

Many people overseas have chosen to live off the grid lifestyle. There are many benefits to living this way and one of them is being able to make money from home.

There are also a lot of opportunities to make money doing research online, there is a constant increase in the amount of knowledge that is available to the public. It is much easier to research and discover new ways of earning money. and you can get started in a short space of time. So, I encourage you to give it a go.

One of the easiest ways to make money online is by becoming a blogger. It really is very easy to become a blogger. Just type ‘blogging’ into Google and then fill in all the details. It is easy and it can even start to look lucrative.

Blogging is a good way to earn money if you have an understanding of the basics. You need to write about something that interests you. This could be about your family life, your interests or even a hobby that you like.

Once you have set up a good website for your blog, the next step is to get visitors to it. One way of doing this is by putting up advertisements. This is just the same as writing articles for other websites.

Some people choose to make money by selling products. You can do this in two ways, through a site such as eBay or through affiliate marketing. You could sell e-books or products related to the niche you are blogging about. The great thing about eBay is that there is always a steady flow of visitors.

These two ways are only two of the many ways to make money online. I recommend you look at all the options and find the ones that work best for you. Once you have found them, you will never stop learning about ways to make money online.

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How To Avoid the Risks of Poor Credit

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How To Avoid the Risks of Poor Credit 3

Security Finance is an unsecured debt collecting agency that, via a network of affiliated companies, provides “secure” personal loans to consumers who may otherwise struggle to meet their existing debts. Their loans are generally short-term, and their conditions often vary dramatically from those of traditional short term personal loans. The services they provide can be invaluable to both the consumer and the lender.

Security finance offers a wide variety of loans. These include: home equity loans, revolving credit lines, commercial and business loans, car and motorcycle loans, and other types of unsecured loans. These loans can be used for almost any purpose, and they will be more beneficial to the consumer than those offered by banks and other unsecured lenders.

Secured personal loans offer an excellent alternative to the high rate of interest paid by unsecured loans. The interest rates are often less, the terms are easier to meet, and they are often better suited to meeting a consumer’s unique financial situation. The collateral provided with the loan usually allows security that the loan will be repaid in a reasonable amount of time, with little or no difficulty.

Secured loans require the debtor to place collateral, such as his or her car, home, or other valuable asset, in order to receive the money they have been borrowing, and are therefore considered by the debt collector as an attempt to recover something that has been taken. Debt collectors will not hesitate to call a borrower who does not follow the terms of his or her loan agreement and in some cases will go as far as harassing them, calling and/or sending letters in an attempt to collect on a debt.

When applying for a secured personal loan, many borrowers are worried that the debt will affect their credit score. The fact is that there is virtually no correlation between the amount of credit available and the credit score. However, secured loans will typically have a much lower credit score than unsecured loans. This is because the borrower is putting his or her assets in a bank account where they are likely to be liquidated for payment.

It is important to remember that the loan does not negatively affect the credit history. The only time it can result in damage to a credit report is if it is reported incorrectly. If a borrower were to try to pay off a loan on a credit card that was reported as being “lost”, he or she would then be making the error a second time.

Security finance offers consumers an exceptional opportunity for personal development through the use of online applications, and the ability to make several payments on the same day to avoid late fees and penalties. This service also makes it easy to avoid late fees when paying loans off at the end of the month.

The ability to apply for secured loans online provides a tremendous opportunity for the consumer to improve his or her credit score. Security loans can provide a large number of benefits to people who are in financial difficulty, including: low cost, low rate loans, low credit, and the flexibility of being able to make multiple payments.

If you are considering applying for a secured loan but have never applied online, you should take advantage of the opportunity to make several purchases in a short period of time, rather than waiting until the last minute to apply for an unsecured loan. By using the secured finance website, you can save yourself the time and stress associated with filling out an application and can ensure that your credit report shows your financial progress accurately.

Once you have applied for a secured loan, you should also make sure that you understand the terms and conditions of your loan, including any interest rate that may apply to the loan. Be sure that you understand the term of the loan in full and fully. Do not hesitate to ask any questions that may arise. You should always contact the company directly when you feel that you are not fully clear on a matter regarding a loan.

Secured finance loans are a great way to increase your credit score while avoiding the hassle and expense of filling out and paying off an application by mail. Because the borrower is making a direct deposit of money into an account, the credit report that shows up on credit reports is often inaccurate.

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How To Find Free Rates On Money Exchange

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How To Find Free Rates On Money Exchange 4

Money is a common item that can be bought, traded, exchanged or sold. This usually includes the value of the currency as well as gold and silver. Money is commonly accepted as payment of certain obligations, including taxes, and payment of certain goods and services in a specific country or socioeconomic context.

There are three money systems in the world. The first is the use of coins or other units of currency, which are available in fixed denominations. The second is barter. It involves exchanging items of utility with other items of utility. In the third system, known as fiat money, there is no central authority that decides what the money supply is, and the monetary base is determined by political will.

The most common monetary system is the gold standard, which was used as far back as ancient Greece and Rome. In this system, coins were designed to be redeemable for gold bars. Gold, however, had a relatively high price at the time, and most individuals had no access to it. Barter is much more popular today, and most people live their lives in barter, trading items with one another.

In some nations, the second money system is called paper money. Most countries have national currencies, and each government issues money in the name of their country. This type of money is not backed by anything of physical value. It is not held by the government or bank. It is simply made from paper. Since most countries use this kind of money, it is known as the official “money” of the country.

Electronic cash was introduced in 1970. This system is very similar to barter. Instead of bartering for items, electronic money is created electronically. It is created electronically to represent actual objects that can be used as payment, and then is transferred to the buyer. The process is very similar to barter, except that there are no actual goods to be bartered for. It is considered a virtual currency.

There are many different types of money, and each one has its own characteristics. Money in the U.S. has a backing and is created by the federal reserve. Money in England is backed by the pound sterling, while the European Central Bank in Germany uses the euro. has a currency known as the Deutschmark.

Each form of money has its own advantages and disadvantages. People who use different forms of money have their own reasons for doing so. Many people choose to exchange one form of money for the other, to get the best rate on an item they need or want. Some choose the same form of money for more than one transaction.

Money exchange services offer different services to help people get the best rates on money exchange. They include a variety of methods that can help someone get a better rate. Rates vary depending on the length of time you wish to get money, the size of your order, and the current value of the item you are exchanging. Some of these services can also provide you with a credit card or other form of online payment to transfer your money through.

These services are available almost everywhere. You may call around to various companies for rates, or you can check out the Internet. There are several places on the Web that will give you free quotes, and compare rates among companies. It is important that you understand the rules and regulations that govern the rates you receive from these companies before you agree to any deal.

There are several different online providers. You will often find them listed under the names of a variety of different names, such as Money Exchange, Moneygram and eCash. If you are interested in getting quotes from multiple companies, make sure to ask around for quotes from at least three. so that you have a clear picture of how much the rates will vary and from which company to go with.

Many places will offer you a variety of free quotes if you fill out a form. Others will charge a fee for this service. To get an estimate, you should send out several free quotes. and then make sure to follow up with the companies.

To be able to get the best rates, it is very important that you get as many quotes as possible from different companies on the Internet. There are many sites that you can go to. Some will charge a fee to get these quotes.

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