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The automotive landscape for car dealerships have seen significant changes over the past few years.  Although 2016 was a reasonable year for sales, analysts suggest that dealerships will see a major dip, and will be forced into closure by 2025. Recent surveys show that 50% of the respondents dislike the face to face sales process at dealerships, which requires too much negotiation and lacks transparency.  This distaste is leading an increasing number of customers to opt for purchasing online, where […]

There’s an app for everything these days and people are always talking about building the next “Uber for X”. But why is this so important? Here is the breakdown on everything you need to know about the on-demand economy, and how you should approach it: On-demand services are basically just a subset or a derivative of traditional B2C and B2B services. Uber’s success in creating a market for technology–enabled, on-demand transportation has encouraged entrepreneurs to look to other, often basic, and routine […]

What is Revenue Cycle Management?

By: Aiswarya Somanath
01 Feb, 2018 / Health Care
 

Revenue cycle management (RCM) is the financial process, utilizing medical billing software, that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. In other words, it refers to the process of tracking the payments for the services rendered at a provider’s office, from the time of scheduling an appointment by the patient to the time of fulfillment of the payment by the payer or the patient themselves. RCM combines […]

Leveraging AI in Marketing

By: Ajith Kavirajan
01 Feb, 2018 / Innovation Incubator
 

Even though Artificial Intelligence (AI) is still relatively nascent, it definitely has progressed from being just a buzzword a couple of years ago, to a potentially booming market over the next few years. As cited in a press release by Gartner, AI technology spending worldwide is projected to reach nearly $29 billion in 2021 from $0.45 billion in 2016—a clear indicator of how rapidly companies are gearing up to leverage AI in core business activities and marketing is no exception. […]

‘Innovation Incubator’, that’s what we call our world of innovative thoughts and ideas. Like any fresh mind entering into an IT firm, we all have our own expectations and feelings about our job and company. There is nothing stopping you to excel when you get an environment to grow, when your ideas are not only heard but also innovated and implemented. Value system here is strong but really adaptable enough that any person who joins would automatically fits into the […]

BOSTON, Dec. 11, 2017 /PRNewswire-iReach/ — Innovation Incubator, one of the leading incubator and accelerator for AI and immersive experience powered startups, announces new solution capabilities at AI World from its portfolio companies through Cognitive Fabric and Insights as a Service Platform .This includes intelligent assistants, advisors, classifiers, evaluators, predictors and educators in Real estate, Automotive, Healthcare, Retail and Education. Cognub, the Clinical research and AI services and solutions company recently delivered a proactive application maintenance and support system to […]

The Minister of Science and Technology, and the Minister of State for Electronics and IT also graced the occasion Nov 27, 2017 MANHASSET HILLS, New York, — Innovation Incubator group Chairman Madhavan Padmakumar was one among the 16 Janam TV global excellence award winners honored in New Delhi India on Nov 25th 2017. A serial entrepreneur and visionary, he is also the founder of Software Incubator Inc, Indunia International and Seva Saroj, a unique social entrepreneurship initiative transforming lives of […]

Car buyers spend 60% of their time online and 56% of buyers agree that dealer websites influenced them to visit their dealership, reported in 2017 Car Buyer Journey study by Autotrader. They mostly spend time in researching pricing, compare different models, finding worth of trade-in car and financing options. A fast, no-pressure process, transparent pricing and low financing rates have the greatest impact on customer satisfaction. 2017 Digital Retailing Study by Cox Automotive urges dealers to focus on 3 important […]

Cognitive computing in commercial aspects

By: Innovation Incubator
26 Apr, 2017 / Cognitive Computing
 

Cognitive Computing has swiftly advanced from being just another initiative to a commercial reality. Be it in the field of real estate, automobile, media or marketing; cognitive computing will most definitely make an unerasable mark in the respected field. The cognitive machine analyses the data and then adapts and learns from its mistake. Cognitive Computing assures to dominate both online and offline platforms. The main characteristics of any cognitive system are that they will always be data centric. The more […]

A Corner Stone For The Future

By: Innovation Incubator
24 Apr, 2017 / Cognitive Computing
 

Even with all the advancements in the field of science, many are still unaware of the future scope – Cognitive Computing. In very extremely simplified sense cognitive computing can be considered as a higher logical version of the analytics work that we are all aware of. It is indeed based on statistical models. Therefore any organization or department that wishes to expand or better its existing field of work or applications should have already started exploring the dynamics of Cognitive […]

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