3/15/2018 1:14:12 PM
AI in the auto industry
Automotive Industry Technology,Conversational AI,AI Research
https://appdevelopermagazine.com/images/news_images/Research-Findings-on-AI-in-the-Auto-Industry-App-Developer-Magazine_a6ze60ah.jpg
App Developer Magazine

AI in the auto industry



Richard Harris Richard Harris in Artificial Intelligence Thursday, March 15, 2018
17,951

Conversational AI research for business decision making has been released by Conversica.

Many dealers are still attacking the challenge of customer retention and revenue generation through direct mail or maybe mass email campaigns; tactics they have been using for decades. By identifying lifecycle trigger points, the customer is provided with relevant offers and information, with the critical addition of persistent and individualized follow-up, for as long as it takes. Those types of persistent, relevant customer communications are practically impossible with the status quo: manual tasks assigned to multi-tasking employees.

In a recent study by Conversica, a provider of artificial intelligence powered business conversations for auto dealers. From the research they discovered from talking to over 124 car dealerships and other businesses in the auto sector - service is the key for auto dealers getting more sales.

PCG Research on the Conversica AI Auto Service Assistant findings:

  • 82% of car buyers who service with a dealership will buy their next car from that dealership

  • Furthermore, with an average 72% gross revenue margin, auto service is the most profitable department of most dealerships

  • By contrasting results between these two departments, we give automotive companies more insight into the effect their relationship has on sales performance

  • Of the 124 automotive departments surveyed, 74 (60%) were sales and 50 (40%) were service centers.

With data mining and conversational artificial intelligence, Conversica is able to analyze and manage DMS data with great success, reaching out to the right customer at the right time with an engaged conversation. One of their customers, for example, is the Cutter Auto Group, a family run business of car dealerships serving Hawaii for more than 40 years. They say their sales have increased at least 20% because of their AI assistant, Lilly.


A terrifying look into where AI is going and how the singularity is near

Ray Kurzweil, the prize-winning author, and scientist says that artificial circuits replicating themselves at a molecular level will merge with the biological circuits that constitute our nervous systems, giving rise an "enhanced" human super-intelligence. Once this starts happening, what we now call the Internet will in effect become telepathic, giving these enhanced humans instantaneous access to all available knowledge and information as they fashion their brave new world.

475 Tax Deductions for Businesses and Self-Employed Individuals

Are you paying more taxes than you have to as a developer or freelancer? The IRS is certainly not going to tell you about a deduction you failed to take, and your accountant is not likely to take the time to ask you about every deduction you’re entitled to. As former IRS Commissioner Mark Everson admitted, “If you don’t claim it, you don’t get it.

The Latest Nerd Ranch Guide (3rd Edition) to Android Programming

Write and run code every step of the way, using Android Studio to create apps that integrate with other apps, download and display pictures from the web, play sounds, and more. Each chapter and app has been designed and tested to provide the knowledge and experience you need to get started in Android development.

A hands-on guide to mastering mobile forensics for iOS and Android

Get hands-on experience in performing simple to complex mobile forensics techniques Retrieve and analyze data stored not only on mobile devices but also through the cloud and other connected mediums A practical guide to leveraging the power of mobile forensics on popular mobile platforms with lots of tips, tricks, and caveats.

Gps tracker for kids

The Chirp GPS app is a top-ranked location sharing app available for Apple and Android that is super easy to use, and most of all, it's reliable.