Early on in the evolution of artificial intelligence, researchers realized the power and possibility of machines that are able to understand the meaning and nuances of human speech. Conversation and human language is a particularly challenging area for computers, since words and communication is not precise. Human language is filled with nuance, context, cultural and societal depth, and imprecision that can lead to a wide range of interpretations. If computers can understand what we mean when we talk, and then communicate back to us in a way we can understand, then clearly we’ve accomplished a goal of artificial intelligence.
Devastating human rights violations worldwide are committed against women and girls. Gender inequality remains a problem everywhere, especially in India. But social entrepreneurs there are refusing to accept inequality and traditional mindsets. They’re tackling violence against women with the help of technology.
Your business is preparing to launch a brand new product into the market. The product has been built and refined through many iterations, and now you are ready to ship it to customers. Only one question remains: what price should you charge for your product?
In this article, we analyze Van Westendorp’s Price Sensitivity Model, a data-driven pricing model that uses survey data to determine customers’ willingness to pay for your product. This article details how the Van Westendorp model works, why it addresses shortcomings in current pricing conventions that many businesses use, and what its limitations are.
Even in the midst of a global pandemic, there is one thing that’s for sure: people still want to be treated well. This concept is at the core of customer experience – the simple idea of people wanting to feel seen, known, and appreciated by the companies they’re buying from. Even as many companies seek to temporarily halt production of certain items or close their doors to dine-in patrons, they’re finding themselves in a weird place: wanting to stay top-of-mind for customers amidst potential closures, and not wanting to stir anxiety or fear while they do it. In fact, according to a June 2020 survey (1) performed by our team at Futurum Research, which talked to 330 companies in North America and Europe, 57% said their entire business model needed to reconsidered in the wake of COVID-19. Let’s just say that things are about to get a whole lot more competitive and CX may be the thing that keeps you in business.
All over the globe, digital transformation is opening new paths for women. In Indonesia, more and more are taking the opportunities for independence it offers to open a business. But how do young founders cope with the challenges posed by the role?
In the future, machines will replace humans in jobs. This is not controversial: it’s what machines have done since well before the start of the industrial revolution. Petrol pump attendants were replaced by automated pumps, secretaries were replaced by Microsoft Office. This is what economists call the substitutive effect of automation: humans are substituted in jobs by machines.