According to a Business Wire report, the recommendation engine market is poised to grow at a compounded annual growth rate of almost 30 per cent during the period of 2019 to 2023.
That is impressive, isn't it?
Peritus has been a visionary for recommendation engines that have played a significant role in leveraging the technological expertise and user experience.
Here are five reasons why the Peritus recommendation engine can be so beneficial for your business.
When integrated into a business or company, AI assistants enable it to yield a more personalized and tailored experience, both the parent company and the customers and the employees.
These virtual assistants that can operate according to the user's voice commands have been a game-changer for the businesses that embrace the technology.
Peritus recommendation Engine incorporates this technology of artificial intelligence to create an experience that helps and assists in decision-making.
How about a technology that can suggest and inform you regarding the pressing issues and problems your organization needs to address?
A technology with eyes, ears and a mind, mind-boggling isn't it?
Intelligent service automation is a system that when configured with the technology of artificial intelligence, assists the business organization in decision making by analyzing the data with its algorithm. Peritus recommendation engine interweaves this system and provides an experience that gives the business an extra 'eye' that is vigilant.
Collaborative efforts yield better results.
Peritus Recommendation engine embodies the collaborative efforts of industry experts when it comes to problem-solving. They pay the experts and outsourcers qualified for data labelling and annotations through their paid micro-tasking programs. Thus, making their experts' network more substantial yields the best solution for the problem in the shortest amount of time.
When businesses include recommendation engines when analyzing and understanding their customers' needs and requirements, they contribute to the creation of more personalized and individualized recommendations. These recommendations help the users make the right decision, thereby adding a personal touch to the process. Peritus recommendation engine is a cloud-first recommendation engine that enables a more customized customer experience.
Peritus recommendation engine entwines human-in-the-loop machine learning.
A human in the loop machine learning is a technique that incorporates the interaction between human and machine for a better performance of both. This helps the machine learn and operate on the data sets that are novel with human intervention.