Dynamic pricing algorithms – justified or questionable The aim of dynamic pricing is to take advantage of the readiness of customers to make payments in certain situations for gaining increased profits and for applying discounts in other situations to generate growth.

Today’s reality is that pricing for almost all products and services has become real-time and dynamic. Dynamic pricing algorithms help in maximizing revenue from products and services as it correctly…

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Developing countries and their tryst with IoT IoT in developing countries can act as a catalyst in their development. It will not only help them grow economically but will also make a significant contribution towards their social and ecological development.

The world is aiming for 100% connectivity today. And this is impossible without the inclusion of the developing world. IoT in developing countries will make this a possibility. According to…

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Can AI be racist, sexist like humans? AI is built by humans and they learn to be racist, sexist and prejudiced just like a human baby does. Racism in AI and sexism in AI has been justified by the researchers at Princeton University and Britain’s University of Bath who have found out that machine learning acquires stereotype biases while acquiring information from the internet.

Artificial Intelligence converts words used in any language across the world into their equivalent mathematical form which sometimes creates bias. Racism in AI can be spotted from the fact that…

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How to efficiently use AI to become an industry leader Companies in the recent past have not only been using AI to become industry leaders for consumer centricity but also for increasing productivity and reducing labour intensive operations. Hence, the importance of AI for industry leadership has increased tremendously.

In today’s world, companies have been using AI to become an industry leader by replacing human employees with machines that can learn and correct themselves as they gain experience. AI…

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Blockchain technology in the banking sector The blockchain is the underlying technology for crypto currencies like Bitcoin. Experts say that implementing blockchain technology in banking sector is poised to solve multiple challenges facing the banking industry by facilitating faster, secure, and more transparent transactions.

Today blockchain has become one of the most talked about technologies in the financial services industry. Blockchain technology in banking sector allows banks to easily connect with new business and…

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