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Machine learning
What is machine learning? Machine learning is a branch of artificial intelligence that trains software on examples to find patterns and predict outcomes without hand-written rules. A developer supplies examples rather than instructions, and the model derives its own decision logic from them. Better examples produce better guesses. Businesses use machine learning for tasks that …
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AI agent
What is an AI agent? An AI agent is a software system that uses an AI model to pursue a goal on its own, planning its steps and acting inside other software to complete them. A regular AI assistant answers the question it is asked and then stops. An agent is given an outcome, works …
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Gamification apps
What is app gamification? App gamification means adding game mechanics and designs to apps that don’t relate to gaming. In the landscape where customer retention becomes a task of creativity, businesses implement gamification to encourage their audience to use the app more consistently. Apps with gamification introduce badges, point systems, and challenges as motivating elements, …
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Digital wallet app
What is a digital wallet? A digital wallet is software, usually in the form of a mobile app, that keeps bank account details and allows users to pay online or with their phone. Because the app links all the banking data, users don’t have to carry physical credit or debit cards. Numerous mobile wallets are …
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Neobank
What is a neobank? A neobank is a fintech company that provides banking services exclusively online. While most regular banks have a website or an app, the functionality there is limited, and customers still have to visit a physical branch for less routine operations. Neobanks eradicate this necessity completely. They enable their customers to do …
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Banking analytics
What is banking analytics? Banking analytics describes the process of collecting information pertaining to the field of finance and analyzing it to obtain insights and actionable recommendations. By distinguishing patterns in up-to-date market trends and customer behaviors, fintech companies and banks can transform their operations and significantly improve their service. Modern-day data analytics in banking …
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Smart restaurant
What is a smart restaurant? A smart restaurant is an eating establishment that leverages modern devices and equipment to streamline its processes and boost customer experiences. It has become more common as the technology in the restaurant industry responded to the challenges of the COVID-19 restaurant shutdowns and social distancing. So, what are smart restaurants? …
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