Today, data science and Machine Learning are transforming businesses, while becoming critical elements of competitive differentiation. Sometimes it is the very difference between thriving or even surviving. Our expertise and innovative approach will ensure you have the skills and technological know-how to stay on the cutting edge of AI.
AI offers a level of efficiency that is unparalleled in the history of banking. AI is revolutionizing banking and our solutions help clients act proactively in multiple areas, including loan underwriting, document processing, anti-money laundering, fraud detection, and collections.
AI solutions can be used to lower default risk, spot fraud while it is happening or even about to happen, as well as help with collections. Using input from past customer interactions as well as from new and novel channels, AI solution enhance the customer experience and increase your ROI.
Underwriting
AI-assisted loan underwriting can utilize new data sources to more accurately predict default risks. With AI, you can even provide customers with any adverse effects to their credit.
Credit line Management
No two clients are the same and AI can combine standard credit management systems with innovative modeling techniques that reduce charge-off risks, while also providing the highest credit line available to the customer.
Collections
AI provides visibility into the collections process, helping banks reduce delinquency rates as well as guiding clients through the customer-centric collections process, with minimal human intervention.
Payment- fraud Detection
Today, fraud is rampant. Using input from past fraud investigation, AI can build algorithms to spot potential fraud. Deployed across multiple channels, these algorithms can proactively spot fraud before it happens.
Anti–money Laundering
AI utilizes powerful investigative tools to weed out money-laundering payments from the thousands of legitimate daily wire transfers crisscrossing between banks. We can help you avoid those costly noncompliance fees.
The Digital Bank
A customer experience revolution is underway in the banking sector, with AI helping banks go mobile. AI helps with customer onboarding, 24/7 customer service, Mobile
AI power of AI resides in recognizing trends, patterns, outliers, and data points in a much larger context than the average human can easily discern. Our AI solutions add the power of advanced data analytics to reduce credit risk, combat fraudulent transactions, and improve compliance.
Credit Risk Reduction
AI enhances fraud detection, decreases credit risk, and increases customer engagement. AI’s ability to input new data sources into legacy models allows for deep granular analysis that will provide the most accurate credit risk models available.
Regulatory Compliance
Regulatory compliance protects both the business and the customer. Using our automated AI-powered regulatory solutions, banks can safeguard their assets, remain complaint, monitor their transactions for anomalies, all the while freeing up assets for customer-centric activities.
Trading Risk Reduction
AI can help make sense of our complex financial world. It provides dealers with the intelligence to both limit trading risk as well as to spot profit opportunities.
Operation Risk Reduction
Manage operational risk in real-time with AI models that automate, streamline, and improve processes and workflows to ensure every possible variable is being taken into account.
AI empowers businesses to improve demand forecasting, tighten inventory management, and increase the customer experience. Conversational commerce leads to deep audience insight and improved personalization. AI helps retailers become data-driven throughout their entire business process.
Hyper Personalization
Brands can create a customized shopping experience for every visitor. AI can infuse marketing to take customer personalization beyond limited segment-based campaigns, down to a market of one.
Market Mix Models
Today’s consumer is hard to reach, but AI can help. Neural nets can proactively test simulated real-world Market Basket Analysis, then decide on Next Best Action scenarios. Make marketing ROI-positive.
Demand forecasting
Some products have short lifecycles and AI can help retailers utilize historical shipping data, customer intelligence, and extraneous factors to proactively predict daily, weekly, and monthly warehouse shipping orders.
Price optimization
Why sell at everyday low prices when dynamic pricing can be used to sell at your best price? Utilize historical demand information to optimize product pricing, even on new SKUs.
Marketing Spend and ROI Analysis
Marketing budgets are limited. Optimize your budget allocation by channel, by customer segmentation, even by demographic, so every marketing dollar is intelligently spent, and ROI becomes an intregral part of the process.
Merchandizing
Optimize your merchandising with AI that proactively optimizes planograms, actively understands and changes according to real and potential customer demand and analyzes the profit potential between private and merchandise label.
AI and Machine Learning help retailers both anticipate marketing demand and price products effectively to ensure they stay one step ahead of their competitors. Brands can also improve the customer journey, increase profitability, and raise operational efficiency.
Anticipate Market demand
The retail market’s only constant is change. AI helps retailers stay one-step ahead of this change by anticipating demand trends, analyzing inventory needs, as well as proactively negotiating supplier contracts.
Operational Efficiency
AI provides a holistic view of the enterprise, helping brands attain operational efficiency throughout the organization, from the factory floor to the warehouse to the sales channel and onto store operations.
Increased Profitability
With AI, retailers become proactive, data-driven operations that are driven by ROI. Dynamically adjusting prices based on demand forecasts will keep profits high, as will personalization, including tailoring website displays in real-time.
Better Customer Experience
Today, personalization is paramount. Customer demand it, so give it to them. AI lets retailers connect with AI powered chatbots, cashless experiences, automated in-store checkout, and relevant product recommendations.
Just like every other industry, the utilities industry is becoming a sophisticated, data-driven, technological one. Utility companies already rely on smart devices of all kinds, but AI can make sense of this data, optimizing supply and demand ratios, predicting equipment failure, and delivering strong customer service.
Predictive Maintenance
Predictive asset maintenance can monitor equipment to ensure systems are both functioning properly and there will be no equipment failure on the horizon. An ounce of predictive prevention can save thousands or ten of thousand in equipment downtime.
Supply-demand forecasting
Predict customer demand by utilizing historical sales and utility use data to optimize supply decision. Anticipate future network demands to ensure all service gaps are proactively filled.
Outage detection and prediction
Real-time outage detection can proactively predict where and when outages might occur, allowing utility companies to eliminate or mitigate downtime, thereby increasing the customer experience and raising customer satisfaction.
Optimizing asset performance
Real-time asset health alerts, proactive supply and demand analysis, and powerful data modeling can help deliver insights that will optimize operations, enhance asset reliability and increase company performance.
Customer Analytics
Today, customer analytics are a must-have, not a business differentiator. Customer analysis models can deliver important information about a customer base. This information will provide better targeted marketing campaigns as well as improved marketing attribution.
Price optimization
As with all commodities, pricing depends on supply and demand. Understanding the fluctuations of commodity pricing can allow utilities to utilize dynamic pricing and price optimization to collect maximum available profits.
Implementing a smart grid is an enormous challenge, but one that must be undertaken today. Energy efficiency is the goal, but it’s a challenging goal that requires grid modernization, strengthening customer understanding, but the results will be more than worth it.
Smart Grid implementation
Both cities and consumers benefit from Smart Grids, which improve security, reduce outages, increase the use of Green Technology, and, ultimately, lower operational costs.
Improved efficiency
Big data, advanced analytics, AI and machine learning have combined to help utilities utilize their vast troves of operational, grid, seismic, and customer data to improve efficiency.
Customer Insights driven marketing decisions
Understanding a customer’s unique energy usage can help utilities calculate overall usage. This customer insight can be used to provide unique offers to each customer, as well as dynamically price needed services.
Lower Operating Cost
Lowering asset costs, improving overall company efficiency, as well as implementing preventive maintenance – this is all data-centric. Understand your data better, reduce your costs and increase your company RoI.
The factory of the future will be run by AI. From the automated collection of sensor data, to edge analytics, to real-time machinery analysis, and predictive maintenance, AI will be able to utilize real-time data to continuously analyze, improve, and optimize the entire operation.
Production Planning
Today, financial performance hinges on manufacturers managing costs, properly forecasting demand, as well as understanding pricing elasticity. Our actionable insights will help manufacturers minimize production cost, reduce factory downtime, and substantially increase ROI.
Predictive Maintenance:
Predictive maintenance gives manufacturers a holistic view of their operation, recommending optimum times for maintenance according to labor, production, inventory, and delivery schedules. The result: substantial time savings, increased machine utilization, and greater ROI.
Inventory Planning
Having the right stock at the right place to meet demand is an art. Decision optimization software can handle multiple planning scenarios that avoid costly over- or understock situation as well as ensure every dollar is properly spent.
Scheduling
With production complexity rising and supply chains getting over-extended, scheduling is more important than ever. Scheduling optimization factors in production objectives, shift configurations, and other labor constraints to produce the most optimized scheduling.
Damage detection
Image recognition is one of the foundational use cases of AI. It can detect even the slightest defect in a product early enough to ensure a production run doesn’t become a costly waste.
SCM optimization
By utilizing historical production and shipping data, AI can help manufacturers proactively predict and adjust daily, weekly, and monthly demand, thereby optimizing the supply chain in the process.
Today’s IT systems have become incredibly complex. It is almost impossible to keep up with them, but our solutions will ensure your operation is running as efficiently and effectively as possible. Our analytical tools allow for proactive measures that will keep you running as profitably round the clock.
Increase in Productivity
Smart Predictive Asset Maintenance delivers increased piece of mind. Powerful predictive analytics will ensure downtime is limited, while prescriptive analytics guarantee expected returns are delivered returns.
Operational efficiency
AI, IoT, RPA and AIOps help reduce operational noise as well as spot problems and anomalies in time to resolve them. We’ll do a root cause analysis to detect issues and stop them from reoccurring.
Lower cost
Efficiency should be the tagline of our analytics solutions. We’ll help reduce maintenance costs, cut down excess spending, and improve resource planning, all to ensure you get the most out of your production budget.
Process Improvement
Process Improvement provides a holistic view of your IT environment, allowing a deep understanding not only of the events happening within this environment but also why they might be happening. And how they can be improved to increase ROI.
Source - CRISP-DM 1.0
Market Share
Our AI solution can identify consumer trends from social media and a customer’s buying history, then create a targeted marketing strategy that includes personalized and context-aware campaigns. The result: increased market share and more satisfied customers.
Reduce Operational Costs
Our AI solution helps companies optimize their entire IT estate, automating business processes while helping IT proactively monitor their system’s data, functions, processes, and KPIs in an almost self-healing way.
Improve Customer Experience
Today’s customers demand personalization and want a positive experience every time they shop. Our AI solution provides customers with marketing that is context-aware, delivered on the right channel, with the right message, at the right time.
Increase Efficiency
Our AI solution can improve the speed and accuracy of data analysis, making it much more useful. Smart automation can reduce human error and increase productivity.
Grow Revenue
Our AI solution can identify patterns in massive data sets that reveal hidden business opportunities or trends in human behavior that might reveal profit potential.
Competitor Advantage
Our AI solution helps reveal the secrets of a competitor’s success by digging deep into their big data footprint. The information is out there, let us help you turn it to your advantage.
Gain greater knowledge about AI by exploring articles, cases and white papers.
Lewisville, TX, USA
E-mail: info@cognitive-bi.com
Telephone: (972) 200 7336
FAX: (972) 597 4995
