Chapter
The Power of Data in Predicting Future Behavior
18:18 - 27:02 (08:43)
The data we generate while using different products and services can be analyzed and used to make predictions about our future behavior, including our purchasing patterns and even the likelihood of divorce.
Clips
In this podcast, the speakers discuss the pricing strategies of airline tickets and how airlines use different tactics to predict the willingness of customers to pay for a particular ticket at a particular time.
18:18 - 19:27 (01:08)
Summary
In this podcast, the speakers discuss the pricing strategies of airline tickets and how airlines use different tactics to predict the willingness of customers to pay for a particular ticket at a particular time.
ChapterThe Power of Data in Predicting Future Behavior
Episode#144 - Martin Schmalz - Artificial Intelligence, Big Data & China
PodcastModern Wisdom
The use of predictive analytics and consumer data is growing rapidly, and companies like Amazon are conducting desirability to buy split tests on its product pricing.
19:27 - 22:29 (03:01)
Summary
The use of predictive analytics and consumer data is growing rapidly, and companies like Amazon are conducting desirability to buy split tests on its product pricing. However, consumers should be aware of the data they generate and how it can be used to predict their future behavior.
ChapterThe Power of Data in Predicting Future Behavior
Episode#144 - Martin Schmalz - Artificial Intelligence, Big Data & China
PodcastModern Wisdom
This podcast episode discusses how email domains can reveal demographic information that insurance companies use to determine risks associated with a policyholder.
22:31 - 23:52 (01:20)
Summary
This podcast episode discusses how email domains can reveal demographic information that insurance companies use to determine risks associated with a policyholder. An individual's email domain can be a data point that major insurance companies use to analyze risk factors associated with a particular policyholder.
ChapterThe Power of Data in Predicting Future Behavior
Episode#144 - Martin Schmalz - Artificial Intelligence, Big Data & China
PodcastModern Wisdom
The presence of Chinese-owned companies in the tech industry is becoming more prominent, from Huawei to potentially owning a controlling share of Logitech.
23:52 - 24:50 (00:57)
Summary
The presence of Chinese-owned companies in the tech industry is becoming more prominent, from Huawei to potentially owning a controlling share of Logitech.
ChapterThe Power of Data in Predicting Future Behavior
Episode#144 - Martin Schmalz - Artificial Intelligence, Big Data & China
PodcastModern Wisdom
Ride-hailing companies like Didi have access to a lot of individual data, including where their riders are located, which can be used for predicting loan defaults.
24:50 - 27:02 (02:11)
Summary
Ride-hailing companies like Didi have access to a lot of individual data, including where their riders are located, which can be used for predicting loan defaults. Didi has already started a lending arm, which is expected from a company with so much relevant data about users.