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Companies Will Spend $50 Billion On Artificial Intelligence This Year With Little To Show For It

Source: Forbes

Companies are struggling to deliver on AI projects, Khodabandeh says, because they overspend on technology and data scientists, without implementing changes in the business processes that could benefit from AI — a conclusion that echoes a Harvard Business Review report published in June. Take Uber, last month, engineers at the ride-hailing company concluded that its…

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The Prize in Economic Sciences 2020


This year’s Laureates, Paul Milgrom and Robert Wilson have studied how auctions work. They have also used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies. Their discoveries have benefit ted sellers, buyers and taxpayers around the world. People have…

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The reinvention of retail

Source: Mckinsey

Everybody needs to rethink both digital and in-store sales. By some estimates, we have vaulted ten years ahead in consumer and business digital penetration in less than three months. Consumer appetite for digital and contactless ways of shopping has radically increased during the shutdowns. In response, retailers have quickly sought to change their priorities and operations.  Click here to read the full article.

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Many European countries still have too many banks

Source: Economist

WHEN CAIXABANK and Bankia, its state-owned peer, announced on September 3rd that they were exploring a merger to create Spain’s biggest domestic lender, politicians, regulators and analysts offered unusually unanimous applause. If the deal goes through, it will boost consolidation within the Spanish market, hitherto highly fragmented beneath two international giants, Banco Santander and BBVA.…

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