The e-commerce space gets more competitive as more and more customers take their shopping online. Eventually, even the online retailers themselves feel pressured to provide the best shopping experiences for their clients or risk running out of business. In these times, in order to win and retain clients, companies have to go for Personalized Merchandising, which is simply providing a product for a particular audience, at the right time, and the right price. Most of the online retailers also now depend on Artificial Intelligence or AI, to create the best shopping experiences for their clients.
The use of AI technology in online stores makes it easier for potential shoppers to get what they want without much hassle. Retailers need to learn a lot about their customers before they can suggest the best products. As humans can be rather slow at times, AI technology helps them to deduce all the collected information, before it displays the best products to recommend. It does so by silently monitoring customer behaviors. For example, if a client regularly reads reviews, the AI system can arrange items, beginning with the highest rated one.
Consequently, the AI platform can also keep tabs on past purchases, and suggest additional products to match the initial purchase or show a similar product in case what is desired is not available at the moment. A perfect example of AI at work would be getting a recommendation for a shoe after buying a particular apparel. Essentially, a lot of marketing time is saved, and the possibilities of making a sale are significantly increased.
AI’s integration in personalized merchandising has run deeper in the recent past. Even the retailers themselves can use it to recommend products from manufacturers. In addition to that, artificial intelligence also helps retailers stock their shops according to what most of their clients want. The retailers can also use them to establish customized marketing approaches through the use of things like pop-up messages and application notifications. Learn more about Sentient at Crunchbase.
The e-commerce field now more than ever needs updated and efficient artificial intelligence system. Many companies are therefore rushing to come up with systems that can understand client preferences even more efficiently.
It is already estimated that in the next ten years, 90% of online sales will be handled entirely by AI enabled computers. Algorithms have been the way forward for various retailers to make sales, but advances in AI technology have been positively impacting personalized merchandising.
Preston Smith is the co-founder and the chief executive officer of Rocketship which was established in 2007 in San Jose Califonia. The school has received a lot of attention nationally not only for its blended and personalized learning style but also for parental involvement in their programs. Rocketship runs 13 schools. In every campus, parents join interviews and sometimes some families undergo training to do panel interviews. Some other times, school plans for a community meeting in so that parents can meet job qualifiers. The parent takes their job with a lot of seriousness, and they examine every candidate closely.
Recently, Rocketship Education confirmed to have purchased about 25,000 square foot at 1700 Cavallo Road. They intend to build two school buildings for grades K to 5. In January, a nonprofit group based in Redwood City purchased a property worth $1.5 million. It controls 16 schools in Washington D.C. and three other states. Rocketship focuses on helping children from unfortunate neighborhoods who attend poor performing schools. Elise Hill, the marketing and communication manager, insists that even the kids from a bad neighborhood deserve a good school. She also highlighted that the economically depressed parts of the country produce less property thus less tax income and in turn, it affects the financing of education in that area.
In Rocketship, the support staff, the teachers, and the leaders are devoted to sharing gratitude. There are five core values in Rocketship school that are shared across all their networks. Four of them are persistence, empathy, responsibility, and respect. These shared values are recited every day, and they live by them in school and the community and also it is in their Rocketeer creed.
Teachers and parents choose the fifth essential value in every school. This is the value that illustrates best the unique vision and character of the school which ranges from bravery to service to curiosity. Their central values fit their mission that is to prepare the students to succeed in school and outside by equipping them with suitable character skills. Since many students come from high poverty communities, the school creates a predictable, positive and consistent school experience which helps the student to develop emotional and social skills required to succeed in a classroom and life after school.
George Soros is a United States-based liberal billionaire willing to give anything for the sake of the rule of law. For the past few decades, George Soros has been committed to funding the Democrats during the general elections because he feels that they stand for what matters most to him. When it comes to the corrupt regimes, George Soros is one of the few people who work towards solving the problems the less fortunate in society stand for. For this reason, he is willing to achieve the best through scaling up his political giving. For most of the people who are close George Soros, they acknowledge that his concern into active politics is growing further than ever. This is because he feels that the world will not be a safer place with the current regime.
George Soros has also issued more than $25 million to support Hillary Clinton to win the 2017 general presidential elections in the United States. This shows his great involvement in the United States political arena as it shapes the world’s political move in this industry. George Soros has also supported a wide range of democratic candidate courses in a manner that showcases the general environment in the country. In 2004, it was recorded that the funds George Soros issued to the Democratic Alliance helped face out President George Bush from the presidential seat. According to the Federal Elections Commission, George Soros has been the leading funder of the United States Democrats during the general elections for the past few years.
George Soros was born in Hungary during the Nazi Occupation. The Hungarian people formed the Nazi Occupation to eradicate the growing population of the Jews in Hungary. This is because they believed that the Jews came to take over their county with every business sector in the region. For this reason, few people achieved the benefits of this rule in a way that activates their intended political gain in the country. For the purpose of evading the harsh rule of the Nazi Occupation, George Soros secured false Hungarian Identities to help his parents stay in the country for an extended period. George Soros graduated from high school before they set off to the United Kingdom.
The first place they set their foot was in London. George Soros took knew that he had to stay there before he made his way out of the continent. He secured a job opportunity as a waiter at a restaurant at the National Railway Station to make money for his school fees at the London School of Business. After studying and working for three years, George Soros graduated from the London School of Business before he found his way to New York, United States. his first job in the United States was at the New York Hedge Fund Company.George Soros has also made the open Society Foundations the third-largest charitable foundation in the world. The financier George Soros, who was born in Hungary, has transferred more than $18 billion using the Open Society Foundations based in and out of the United States.
Rick Smith is an American businessman an executive who is serving as the current chief executive officer of Securus Technologies, a telecommunication company operating inside correctional facilities. He was appointed into the executive position in 2008 by the company’s board of directors, and under his leadership, Securus Technologies improved the services they are providing to their clients. The company is headquartered in Texas, and they are one of the key players in the industry. Rick Smith worked previously as the president of Eschelon Telecom Inc., an independent telecommunications company, but he was hired by Securus Technologies because of the skills that he has in leading a company and his expertise in running a telecommunications company.
The prime product of Securus Technologies is the video calling system that they company have developed. Rick Smith is significant in the creation of the fast video calling system because he wanted to deliver great service to their clients. The prisons that are using the technology are happy about the video calling system because they are able to speak with their loved ones outside the prison and they are stating that it does not lag. Prison authorities are also considering a move to ban traditional face to face visits in exchange for the video calling technology, but they are still studying if it will be effective in protecting the security of the inmates. They are arguing that it will also save the prison a lot of money. Rick Smith also led the company in creating a biometrics system that will verify each prisoner, and it will transform each correctional facility into a manageable and organized institution.
There are thousands of correctional facilities using the product from Securus Technologies. They can be found all throughout the United States and Canada, and it was Rick Smith who extended the company’s effort to expand. They are also considering investing outside North America, to serve prisons around the world. Securus Technologies recently spent $600 million just for the protection of their inventions and patents, and the company stated that they are willing to spend more to protect their properties. Rick Smith wanted to show the public that the company he is working for will always make sure that their properties will not be duplicated without their consent, to prevent the dissemination of low quality products. The number of patents under the leadership of Rick Smith rose to 140, and he stated that Securus Technologies will be introducing more products in the future.
Rick Smith has been beneficial to the success of Securus Technologies. He is working hard to make sure that the company will keep its distinction as the most reliable tech company serving correctional facilities, and he has a vision to make the company known globally.
For people who are conscious about their health and fitness, working out on a regular basis is an essential part of their daily routine. It is a well-known fact that while exercising or working out, comfortable clothing is required for the body to move freely without any obstruction. It helps with unrestricted blood circulation and also helps the person in getting the mobility and flexibility they need while running or exercising. Athleisure is the name of the apparel category that consists of fitness gear and comfortable workout clothing. One of the companies that have recently become highly popular among the women for providing top-notch athleisure wear at an affordable price is Fabletics. The association of Kate Hudson as the co-owner of Fabletics has made the brand even more popular across the globe.
At present, it has more than a million VIP members who pay membership fees each month to get selected products from Fabletics delivered to their home each month. The subscription-based business model of Fabletics has helped the company to gain the customers’ attention and loyalty as well as added considerably to the company’s revenue. At the time Fabletics was launched, no other athleisure brand was completely dedicated to athleisure wear for women, and some of the top brands that offered athleisure wear for women labeled the price too high. It made it difficult for the women to buy high-quality athleisure wear at low prices. It is the gap that was efficiently filled by the launch of Fabletics in 2013.
Fabletics was an instant hit with the people, and the reason why it continues to dominate the athleisure space is that the company hasn’t got complacent with its products, quality, service, and pricing. One of the reasons why Fabletics is so popular among the consumers is because the company listens to what the customers had to say. The company relies heavily on customers’ feedback and reviews and has a system in place to comb through the internet to find reviews and feedbacks posted online. It helps in understanding which products and marketing moves were popular among the consumers, and what is disliked.
Such data is extremely useful in making business and management related decisions that can help streamline the path ahead for the company. Whether it is the marketing campaign or a sales strategy, Kate Hudson, who is not only the Hollywood celebrity but also the co-owner of Fabletics, makes constructive use of the advanced Big Data strategy to make business-related decisions. It helps in improving the accuracy of the business decisions and helps in avoiding foolish mistakes, which can cost millions to the company.
Fabletics is a brand that is getting really popular across the globe, and the company has been opening stores in the countries that it already has the presence in. Opening physical stores in some of the developed nations has helped Fabletics penetrate the consumer market further. Take the Lifestyle Quiz at the official website of Fabletics to understand the personalized shopping experience offered by the company.
Health is exceedingly becoming expensive in the United States. In 2013, Americans spent an excess of $933 billion on health care. According to a research finding published in JAMA, most of these resources were mainly spent on aging and population increase. In the recent past, the country has spent hugely on various diseases. For instance, diabetes prevalence increased considerably across the country, costing a total of $64 billion. More than $44 billion of this money was however spent on pharmaceuticals.
Research conducted on diseases is equally a potential cause of the increase in healthcare costs. The annual expenses on inpatient rose to $697 billion compared to its earlier cost of $258 billion. Notably, the increase came even with shorter hospital stays among many patients.
According to Dieleman, the health sector is particularly committed to lowering healthcare spending. Even then, the healthcare efforts have now been frustrated by the rising cost of drugs and hospitalization. The healthcare sector is conducting extensive research to minimize disease expenditure.
Joseph Newhouse who serves as the director of Harvard Division of Health Policy Research and Education identifies that the health sector is experiencing a rise in spending and purchasing. Any effort to stop this trend can only stop further increase. For instance, breaking down costs will promptly decline further increase in healthcare costs and restore normalcy in the sector.
Eric Lefkofsky serves as the chief executive officer at Tempus. Eric is the founder of this technology company that is specialized in cancer treatment. The main goal of Tempus is to build one the largest global library of clinical data, molecular, and operating system to readily avail resources and data with ease. As a result, physicians will be able to offer customized cancer care services to patients.
Eric first established Lefkofsky Family Foundation in 2006 and is now one of the pioneering private charitable foundation. Eric currently serves at Lurie Children’s Hospital of Chicago as a trustee. He works at Accelerated Disruption as an author and a professor at the University of Chicago. Eric attended the University of Michigan where he earned his Juris Doctor.
James Dondero has been heavily involved in the finance industry as both an employee and an entrepreneur for many years. During his career, James has worked for investment firms as a traditional employee and later an entrepreneur. During his working career as an employee, he would specialize in managing credit based securities along with managing assets for top companies. After working as an employee for a number of years, James would co found his own investment firm known as Highland Capital Management. The firm serves as one that provides a wide range of financial services for both individuals and institutional investors. Along with being an entrepreneur in finance, James is a philanthropist as he regularly participates in numerous charitable activities to improve his community.
The career of James Dondero began when he first worked at an investment firm as a credit analyst. This position gave him the foundation necessary to succeed in the field as well as become an entrepreneur. While holding the position of credit analyst, James would spend his time evaluating financial securities that were backed by credit and debt. He would become very successful at this position and eventually take advantage of other opportunities later in his career. As an employee for an investment firm, James Dondero’s career would culminate when he attained the position of chief investment officer. This position entailed managing the assets for major companies. While at this position, James would gain valuable experience overseeing large sums of money. This experience would then convince James to start his own business which would be a full scale investment firm.
At the beginning of the 1990’s, James co founded Highland Capital Management with Mark Okada. Together, they established a reputable life insurance company. This company would quickly develop into a successful provider of life insurance policies and investment plans. While the company was very successful as a life insurance provider, James looked to make the company more diverse. He began offering a wider range of financial services for clients to take advantage of. The firm would begin offering products such as hedge funds and private equity securities. It would also provide services such as wealth and asset management for investors such as individuals and corporations.
Dr. Chris Villanueva is the founder of MB2 Dental Solutions. The doctor is an active dentist with experiences in both corporate dentistry and sole practice. He was inspired to establish the medical facility because of the challenges dentists face on both sides of the dentistry business. The idea of forming MB2 Dental Solutions developed after Dr. Chris graduation. He, therefore, created a business model that combines private practice and large group practice. MB2 provides clinical autonomy and less bureaucracy like private practices and economies of scale, state of the art technology and shared practices that are available in an extensive group practice. The dental solution is set to provide assistance to its members and maintain the integrity of the profession.
MB2 is currently operating in six states with over 70 affiliated locations. The firm has employed 533 employees headed by a team of professionals. Unlike the dental practice management networks that offer traditional dental practices that focus on creating profits, MB2 Dental is unique. Its uniqueness is based on the point that it concentrates less on making profits and more on ensuring proper dental care is provided.
The independent private firm focuses on maintaining autonomy, personal growth, support and having fun in the profession. MB2 assists in improving the dental care that benefits the patients. MB2DeNTAL Solutions is beneficial to both patients and dentists. One of the advantages it offers to dentists is the provision of a suitable working environment. Through communication and networking, dentists can assist each other in practice. Since work with play makes Jack a dull boy, MB2 takes its members to retreats twice in a year. The retreat provides and a platform where the dentists come together to share experiences, learn from each other and have fun all at the same time.
MB2 also provides guidance and personalized systems and knowledge that are non-clinical. This equips private practitioners with the technical know-how of managing and their businesses and at the same time provide high-quality dental care.
The medical facility is headed and managed by a team of young, energetic professionals. Dr. Chris Villanueva is not only the Chief Executive Officer of the firm but also its founder. He has served in practice on different levels. Dr. Chris served as an associate dentist, associate dental trainer and an advocate of the doctors’ practice model. The Chief Operating Officer of MB2 is Justin Carol while Justin Puckett is its president.
James Dondero is currently the co founder and president of the financial services company known as Highland Capital Management. Over the course of his career, James has proven to be an expert in the field of finance. He regularly monitors the markets, looks for quality investment opportunities and also looks to take advantage of unique opportunities that can lead to high profits. As the president and co founder of Highland Capital Management, James has built his firm into one of the leading credit and debt backed securities management firms in the world. He was the first to introduce collateralized loan obligations outside of the banking industry. Before starting up his own firm, James worked as an employee of an investment firm where he would gain the experience necessary to become knowledgeable about the financial services industry.
Like a number of other professionals in finance, James Dondero first went to college and attained a bachelor’s degree in both accounting and finance. He finished college as one of the highest ranked students and would quickly get his first job at an investment firm. When he first began his career, he would specialize in analyzing credit backed securities. During his career, he would gain more experience evaluating securities. He would eventually become the chief investment officer of an investment firm. At this position, James oversaw large sums of money for major corporations such as American Express. This experience provided James with the expertise necessary to start up and manage a successful investment firm of his own.
After working as an employee for his entire career, James decided to start up his own company in 1990. He would collaborate with Mark Okada and together found a financial services firm. When Highland Capital Management started out, it was a company that specialized in providing life insurance policies. During its brief history, the company would establish itself as one that provided a number of quality life insurance policies that met the needs of many consumers. However, James looked to innovate his firm by offering more financial services in order to meet the growing needs of consumers. By the end of the 1990’s, Highland Capital Management would offer many other services such as hedge fund management and collateralized loan obligations.