Artificial is the New Real: Generative AI Paving the Way for Business Transformation

Gone are the days when merely mentioning Artificial Intelligence (AI) could provide an organization with a competitive edge. Artificial intelligence has ushered in a new era by introducing generative AI - a capability that creates content across various formats, including text, videos, images and even entire data sets. Generative AI is emerging as a pivotal force in business transformation and a game-changer that has the potential to revolutionize industries.

From Data Chaos to Strategic Clarity: Overcoming Finance and Accounting Challenges

The finance and accounting landscape considers data to be its lifeblood. That is why it is critical to harness all the available data across various sources, as it allows the finance teams to make informed decisions. While data drives efficiency, accuracy, and business agility, which are the key elements of growth for any organization, its implementation can be challenging. According to a Harvard Business Review, only 45% of businesses can effectively extract value using data analytics and AI.

Meeting Today’s Shopper Needs with Omnichannel Retail

While COVID-19 the paved way for a lot of eCommerce innovation, it wasn’t the first time businesses went through such drastic transformation. Ecommerce behemoth, Alibaba, created the “New Retail” concept in response to the SARS outbreak, during the early stages of the company’s development. It referred to seamless integration of the physical and digital world with regards to your business and all of its operations.

The Power of Personalization in a World of AI, ML, AR and VR

In today's digital era, personalization has become essential for businesses aiming to stand out amidst the overwhelming array of choices available to consumers. Building meaningful connections, fostering exceptional customer experiences, and cultivating loyalty are now the cornerstones of successful marketing strategies. Through strategic investment in personalization, companies can develop stronger bonds with their customer base, ultimately positioning themselves for long-term success in an increasingly competitive market. 

Customer Shifts Necessitate Corresponding Business Shifts: Stagnant Data Yields Stagnant Insights

Consumer behavior has undergone unprecedented changes in the past year, and life insurance has not been immune to these shifts. New entrants aim to seize market share from a life insurance industry that has been slow to adapt, highlighting the urgent need for stronger adaptation now more than ever. 

Time, Geography, and New Business Analysis

Make Sense of the World and Discover New Channels Foundational Views 

At Evvox, New Business Analysis serves as a foundational view, forming the bedrock of analytical insights and providing a platform from which to progress towards New Channel Discovery. Foundational views capture key aspects of your portfolio and presents them in a manner that provides key insights within themselves while also isolating clear variables to be built on further.