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Technology

Smart Business Move: Texting Solution To Increase Conversions

With the ubiquity of handheld devices over the last decade or so, mobile marketing has become the most popular way to interact with customers. A 2015 report from the Pew Research Center showed that two-thirds of the adult population in America uses a smartphone. Of these, 97 percent use SMS at least once a day.

There are plenty of studies like these, showing just how explosive mobile marketing could be. Restaurant chains realized this and moved in to capitalize on a way of interacting with customers many retailers often overlook. Your strategy and approach will, of course, determine whether your marketing attempts are helpful or annoying.

Nevertheless, text messaging is a viable way to increase conversions and attract a mass of new customers that can push your brand to new heights.

Higher response rates

The most surprising thing about SMS marketing is the response rate. Replies, clicks and such actions stand at 45 percent for SMS much higher than the response rate for email marketing of a mere 6 percent.

Using text messaging to increase conversions

Promotional texting takes a smart strategy to work as it should. You will like the fact that texting is one of the ways to get a loyal customer base that comes back repeatedly. This is mainly because the text message has always been one of the most personalized means of communication we have.

Use short trackable URLs

Your text message should always include links to your online pages. Short links make the text messages easier to read and use lesser characters. Use systems that shorten links automatically and have the longer underlying code carry a tracking code to help you assess the success of the text message. That way you have a system to measure bounce rates, clicks, and sales. You should also read the piece about text message marketing, text messaging: business texting solution. You will find more in-depth information about text marketing focusing mainly on strategy.

Don’t overuse MMS

Sure, photos and graphics make the message more relatable and thus convert better. However, you need to remember that not everyone has a phone that can process such messages. Besides, these take more time to open and cost more to send.

Use a personal touch whenever possible

A personalized message increases conversions. People want brands that fit into their lifestyle, and what better way to do this than with a personal touch. First off, you need to segment your audience in order to send them targeted messages. By doing this, you avoid annoying your prospective customers with out-of-touch messages.

Also, remember to ask them to specify what types of updates they want at the opt-in option. Find out what they are interested in, be it contests, promotions, products, or live events. This could also extend to the type of product alerts they want to receive.

Make one precise call-to-action

The message on your call-to-action should be short, and restricted to one topic. These kinds of messages that address one important factor work best. Below are examples of such short messages.

Sam’s Shoes: Save 25{b96076133fe2223c8d05470fe9428b3312879515b4c32f98bade61cbd4879fe1} on our fall clearance sale! [Insert link to website]

Sally’s Inn: Come for a night of wine tasting on Dec. 22. Free entrance and prizes. 21+ [insert link to website]

There are numerous ways to exploit text marketing for your business. You just have to come up with an authentic approach to set your business apart. Learn more about text marketing, remember to check out Business Text Messaging: Business Texting Solution for more reading.

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Technology

The importance of recruitment test for IT programmers

The advent of the internet has brought about numerous changes in technical recruitment. The employers are looking for individuals who possess technical skills for the overall development of their firms. Thus, the technical assessments for IT programmers have become more comprehensive than before.

These tests are much more analytical than the traditional handwritten coding examination. The online coding tests have simplified the entire process of assessing the programming skill of the potential candidates before hiring them.

The importance of skill assessment challenges are enumerated below:

Authentic coding environment:

The importance of skill assessment challenges lies in the fact that they provide an authentic programming environment to test the coding abilities of potential employees.

Instant grading:

The skill testing in a real environment ensures the running and debugging of the code which enables instant grading and immediate feedback. Since candidates work hard to pass a test, it encourages them to do well in it if their answer is corrected before moving on to the next question. The skill-testing aids them to judge their understanding throughout the test.

Feedback throughout the test:

Candidates value receiving feedback as they can understand their level of performance and know their grades instantly. Individuals despise the uncertainty that comes with answering a test and not knowing how their performance has been. Therefore, if they get to know their grades before leaving, they shall be confident of being selected or rejected. This is also convenient for the recruiters as they do not have to work hard to assess the test results of the programmers.

Convenient:

Having an online test instead of a handwritten one allows the recruiters to assess how the candidates are performing in each question so that they can immediately spot the suitable applicants. The plotting of the grade trajectory will show the recruiter which candidates are capable enough to be hired.

Scalable:

The skill assessment tests are scalable which implies that they consist of simple questions to the difficult, analytical ones. Thus, the test will not be limited to multiple choice questions, but it will include questions that can be graded manually.

Thus, if you want to recruit the right IT programmers in your company, skill testing in a real environment must be conducted. You can take the help of a reputed firm, like SkillTestNow, to aid you in conducting this test.

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Technology

A Closer Look on How Virtual Reality Can Change Marketing

Hotels and other short-term accommodations are always put in a tough competition in the hospitality industry. However, a virtual reality agency can help give a big advantage. With this new marketing technique, a business will surely grow.

It’s not easy to run an accommodation business. This is because one, business owners often have a lot of direct competitors and, two, it’s harder to sell a service than a product. Because of this, what entrepreneurs need is a strategy that will give a whole new experience for their target consumers and at the same time something that will make them stand out all the more. To do so, one of the things that they might want to consider is consulting a good VR studio. In this way, they can incorporate a new advertising style to their marketing strategy.

Look before you book

As consumers, we all want to see the actual product to help us decide whether we’ll buy it or not. It’s no different in the hotel industry. Guests always want to have a look at the rooms before they book and it will be possible if with the help of a virtual reality agency. With their works, hotel owners can virtually tour their prospected guests around their establishment. This can, in turn, make guests likely book a room.

Viewing unique selling points

Again, it’s not that easy to make it big in the hotel industry because hotel owners have a lot of direct competitors. Thus, they need effective and compelling ways to stand out. However, it can be quite challenging to market and distinguish one’s brand by using mere photos. But it’s going to be way different with augmented reality advertising because, with this, guests will be taken to a whole new level of experience. And again, it would be easier to encourage them. This is because according to reports, a traveler’s decision in booking a hotel is often driven by the experience it provides. And virtual reality development experts can help hotels owners to provide the kind of experience that customers are looking for virtually – from getting inside the lobby to even exploring the attractions that a hotel has to offer. Such experiences can give travelers a better sense of the hotel experience. This could allow the hotel to sell itself virtually as well.

There are a lot of ways to market a business and there are a lot of agencies that can do that. Even so, an augmented or a virtual reality agency can provide more innovative marketing and sales opportunities to the hotel industry around the globe.

Innovative AR/VR/MR solutions are now on trend. Trust this company with that purpose. Visit https://7dx.co/.

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SEO

How to start blogging if you are absolute beginner?

If you have something to say or you want to help people online, creating a blog makes a lot of sense. It will offer you a simple, unique way to express your ideas and it can actually bring in tons of profitability too. With that in mind, you have to wonder how to start blogging as a beginner? The first thing you want to do is to not get discouraged. We all need to start somewhere. Once you are ready to start your blog, this is what you have to do.

Decide the website name and your niche:

Figuring out your niche can be hard. But you want to write about stuff that you really know. Check your hobbies, your passions and write about that. If you write stuff that you actually care about, the results can be a lot better than you might imagine.

Purchase hosting and the domain name:

You will need to create your own site, so you need a domain name and hosting. Purchase that either from the same company or different companies, then install WordPress and customize it. Now you are ready to start blogging. You do want to create categories, write an About Us and customize the site so it looks great.

Brainstorm some topics:

Ideally, you want to write about stuff that helps people. Or you can just express your own ideas. You can study the competition and use online tools like Buzzsumo which shares popular, widely shared article titles. Understand the audience and make sure that you know what they are looking for. Sometimes the article titles are right in front of you.

Write content:

You want to write SEO optimized content. Do a quick research to see what keywords are very popular in your niche. A good tip here would be to focus on the long keywords. That’s because people like to be very precise with their search. And you also have less competition that way, which means more profits.

How often do you need to write content?

It doesn’t matter how often you write, as long as you are consistent. If you commit to daily content, you need to share content daily. The same thing happens with weekly or monthly content. Ideally, you want to write at least 1-2 posts a week, so customers see you are active. However, you only want to write high-quality content. Don’t post low-quality stuff just because you want to have something on the site.

Every step matters here, but the most important thing still remains content quality. Don’t just write for the sake of it. Write content that you enjoy and other people will enjoy it too. Granted, it will take a bit of time to get adjusted to it and write it the way you want. But it does have a lot of potentials and if you avoid rushing into it, the benefits are there and they are really clear. You just need to have the right amount of patience to do it properly!

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Technology

Machine Learning and its Possible Contributions to Secure Demat Transactions

Machine learning is defined as the stream of artificial intelligence (AI), by which machines ‘learn’ or grasp the execution of certain tasks without the need for prior programming. Machine learning is an emerging and fast developing technology, with scientists all over the world embracing it for its many applications. It can be well utilized in industrial applications, chemical, and medical industries, and even contribute to the current fintech revolution.

The technology of machine learning is derived from specific rules called ‘algorithms’, which aid computers to predict and execute an action on data sets. What makes machine learning relevant in the field of finance, is its application in forecasting information based on past data. It combines the subject knowledge of mathematics, optimization models, predictive analytics, statistics, and other theories. Machine learning can contribute to a great extent to the current dematerialised trading environment. For, this the computers need to understand what is demat account, what are its features, interface, and functions.

With the aid of AI and machine learning, computer systems can improve the speed of transactions and also predict strategies for future trades. Traders can also benefit from these advanced technologies for higher returns on investments. Security of the trades would also be better as machine learning can predict a breach of security as well. Traders can contact broking agencies for more information on AI-based tools and how to utilize them for earning better returns than the market average. Machine learning has been used in developed countries for various applications. However, in developing economies, it is yet to get commercialized. Here are some of the possible contributions of machine learning to secure demat transactions:

1. Encryption of Data:

Machine learning can be adapted to understand data encryption and apply it to demat account transactions. Data entered by an investor regarding buying and selling shares is confidential, and security tools such as encryption and digital signatures are necessary to keep this data private.

2. Access Security:

Building secure systems include secure access. The demat account should only be accessible by unique demat ID code and authentic passwords. Machine learning can aid in strengthening access security by additional tools and preventing unsafe or untrusted access at any point in time.

3. Random Audits:

Computer systems can undertake random checks and audits on a demat account data with machine learning technologies. This audit can identify security issues, and even operational issues, note them in internal memory, and also observe trends. Algorithms would enable computers to perform random checks, for better security systems.

4. Secure Data Transfer:

The demat account works in tandem with the investor’s trading account and bank account to effect a trading transaction. Secure transfer of data, funds and share to and from different accounts can be improved upon by machine learning and analytics. Transfer of data over the open networks can pose a risk of loss of privacy.

5. Clustering:

Cluster analysis is a subset of machine learning where similar scenarios are clustered together to form specific observations regarding that cluster. The demat account has various aspects which machine learning can cluster upon- security, operations, data transfer, fund transfer, the privacy of data etc.

6. Forecasting data breach:

Machine learning has the unique feature of forecasting after understanding past trends. The technology can be well utilized to forecast possible data breaches and identify trends where past breaches or leaks in data had occurred. Once the forecast is made, the computer systems can be strengthened for security by deploying additional software for protection.

7. Simulation of cyber attacks:

Cyber attacks such as hacker attacks, online phishing, and compromised firewalls can affect traders using the demat account. Machine learning can be deployed to analyze trends and simulate these attacks and find corrective solutions to prevent loss of security for traders. Sensitive information like bank information, cards etc. can be protected through this.

8. Detecting frauds:

Similar to simulating cyber attacks, machine learning can be used to detect frauds and data breaches in real time. Traders can be protected from getting trapped in fraudulent transactions, with programs developed by machine learning technologies and the underlying algorithms.

Once the machine learning systems understand what is demat account, they can devise softwares to improve its operations and strengthen security systems. Cyber crimes like fraud, identity theft, phishing, scams, and hacking can be prevented with analytics and machine learning. The systems can be designed to analyze these in real time, and find solutions to simulate and study the effects of the same.

Once the simulations are done, the machine learning softwares can compute methods of forecasting these attacks and preventing the effects of the same on sensitive information. Maintaining the privacy of data is one of the top priorities in the financial sector. Machine learning can also be utilised to develop advanced security features like firewalls and encryption softwares. It is a tool which will further develop in the near future.

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Technology

4 Things to Know about Finding Hackers with Reverse IP Lookup

Reverse IP lookup services are helpful for you to use when you are trying to find hackers or suspicious people who come tо your website. You might never know if people are coming to your site to steal information, and you might need to see who these people are. The reverse IP lookup tool can be used quickly when you have a question about an IP address you saw come across your site, and you can use the tool to repel anyone who has been coming to your site to find business intelligence.

1. Tracking Hackers

You can track hackers who have come to your site because they have left you a few pieces of information that could be useful. You might find that some other company is coming to your site to learn about you, and you can track them back to their own site or IP. You need to know who these people are because they need to be tracked for future if they ever try to come back. You need that information if data is stolen, or you need to send cease and desist letters to companies that are stealing your information.

2. The Design of the Program

The design of the program is such that you can copy and paste anything that you want, and you can get instant information on that IP. You could have the information shared through your site, or you could copy and paste the results that you get. You could share that information with the people in your office, or you could use this information when you are working with a security company.

3. How Long Does The Search Take?

The search that you do will help you get instant results for the IP that you have found on your site. You might need to make changes to the way that you handle security, or you could use the program simply to see why suspicious traffic is coming to your site. This reverse lookup can give you very detailed information, but there are times when you will not get as much information as you would like.

4. Share the Reverse IP Lookup

Tell your friends and family about the reverse IP lookup tool if they need to do some checking of their own. They can go to this site at any time to find what they need, and they can send the information that they get to anyone that they want. The tool is very powerful, and it can change the way that you manage your business or your website. You will find that you can use the reverse lookup when you are looking over results for traffic on your site, or you can take a look at ways that you can stop hackers from coming to your site. Start blocking people who should not be there and you will find that your security improves because you have not had to wait for a real security breach to occur on your site before checking.

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Technology

How to Write a Business Plan to Capture Investors Attention

The majority of people who are just beginning in business or have been doing business for some time are quick to ask why a person or business needs a business plan.  This has a simple answer – you make plans for everything that you do.  This is a tutorial that will help you to see clearly that you care and make it possible to better understand exactly where you are going.  A well-written business plan will open doors to new opportunities.

Impact

The impact that a well-written, comprehensive and easy to understand the start-up business plan should never be overlooked.  A business plan that is simple is what you need as it enables you to grow your business by attracting money from investors.  If you want to make decisions that are sound for your business, you will need a marketing plan that opens for you all the benefits for help that you need to establish as well as develop a useful plan that is always available for use.  With a business plan, you can identify possible weaknesses when you share the plan with people who can help you by pointing out all errors.  If you want shareholders to take you seriously, the best way to do this is in a well-written business plan.

Entrepreneur

Plans for business are also important for your development as an entrepreneur; they are quite beneficial for establishing strategies.  It often is hard to stay on a working strategy unless you have a simple business plan that is there to remind you all this time, so you may always re-visit.  The plan also makes your business objectives clear, priorities will make more sense and your educated guesses will be much better.

When writing a business plan your intention is to make it simple, short and most importantly precise.  You want to make sure that readers and listeners have a complete understanding of the message you are trying to pass so you will be able to easily impress them.  These elements are important components of every valuable business plan.

Executive Summary

Many people who will be reading your business plan are busy and have a short attention span.  To keep their interest, it is important to write a summary of all your business represents.  This includes business strategy, plan, marketing and everything in between structure to them.  You need to also include executive and organizational goals here to help the readers to understand where you are going. 

A good executive summary should contain your mission statement, goals, and the direction you are taking in the future.  It will also help to give a brief explanation on why you are starting the company as well as details of experience in the industry you are in or you are trying to enter.  With all this information, anyone that reads your business plan will quickly understand that you have insight that is deep on what you are planning to venture into and are more confident that investing in you and your business would not be a mistake.  Make sure that small bits of every relevant information in your business plan is mentioned again in the executive summary so you are sure that you covered everything from the beginning.

Company Description

Your company description will give you the opportunity to describe the most important parts of your business in full details.  A description like this makes your business look original and anyone who reads it would not have problems understanding the scope of your business idea and projections.  This is where you need to captivate your audience and gain their attention.

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Technology

An Overview Of Amazon Pay Per Click & Recommended Tools

Amazon is one of the largest e-commerce companies in the world. It caters to millions of customers across the globe. Even for sellers, it has proven to be a huge blessing considering that Amazon has helped them boost their sales by reaching out to a broader audience. However, seeing that there are hundreds of thousands of sellers on the Amazon marketplace, sellers have had to opt for Amazon Sponsored Products campaign to stand out from the rest.

Amazon Sponsored Products campaign, more commonly known as Amazon PPC, is an advertising platform that is used to market and sell products on Amazon.

It is quite similar to Google Pay-Per-Click – sellers find a list of keywords they want their product ad to be triggered for and then bid on them. The higher the bid, the better the position at which the ad is displayed.

Of course, there is a lot more to it than these few words. Truth to be told, a lot goes into creating a successful ad campaign on Amazon using its PPC model.

This involves keyword research, figuring out your advertising budget, running the campaigns, and optimizing them regularly. If you don’t understand any of these key points and basics of Amazon Pay-Per-Click, then you may very well end up making a drastic mistake and lose a chunk of money. That’s why we recommend that you explore this Amazon PPC Guide to understand how exactly it works and the things that you should consider.

The second thing that you must keep in mind is the optimization part. Optimizing your Amazon PPC campaigns should comprise an important part of your advertising strategy.

This process involves analyzing your key performance indicators and making necessary amends for best results. Ideally, it should be done every week or two.

For example, let us say that you are running an automatic ad campaign on Amazon. After a couple of weeks, you go back to check the results and you find out that there are certain keywords which are converting very well. At the same time, there are keywords which are not bringing in any money but money is still being spent on them to display the corresponding ads. In such a case, you optimize the campaign by focussing on high performing keywords and putting them into manual campaigns. This is just one of the various ways to optimize Amazon PPC ads.

In either case, the best way to go about this process is by using an Amazon PPC Optimization Tool.

Now, it is fair to say that you won’t be able to optimize your campaigns unless you have all the necessary information at your fingertips. Until and unless you know what works and what doesn’t, it will be hard for you to draw insights and make the necessary changes. For this reasons, it is important to have an Amazon PPC Management Software that will help you manage, track, and organize your ad campaigns cohesively.

Instead of looking at individual metrics in separate pages, you will be able to read and analyze all the key points in the same tab. This, in turn, saves you a lot of time and makes your job a whole lot easier.

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Technology

Cleansing Mailing Lists: How Do Validator Solutions Work?

Validation is the process that checks the validity of a landlocked address or email address to ensure that a product or package or email message reaches the destination it is intended for. A wrong customer address creates a logistical headache for any company, preventing the accurate delivery of communications and products, besides bearing the burden of costly reshipments. The same principles apply when you’re validating a phone or mobile number.

All That You Wanted to Know About Address Validation but Were Hesitant to Ask

How Does an Address Validation Solution Benefit Me?

The professional validator uses scientific tools that capture addresses and numbers, and validates them, correcting misspellings and many other errors that creep into databases. Address and phone validation is crucial to direct marketing and is a vital cog in customer relationship management (CRM) protocols.

Maintaining the accuracy and quality of customer databases is necessary when companies focus their marketing efforts within a select band of potentially high net worth customers. The customer database is continuously monitored and updated, weeding out incorrect or fake addresses that communications could bounce off undelivered.

By correcting addresses and numbers automatically, professional validating tools ensure that the company’s mailing list contains only genuine addresses. The sanitized list is populated with addresses that are actionable and to which communications can be safely directed without the risk of increasing bounce rates.

Meticulously crafted and efficiently delivered address validator solutions can save companies thousands of dollars in logistical costs and optimize profits. Really sophisticated address validators have access to global databases, ensuring that your shipment safely reaches its intended port of call anywhere on the planet.

What Differentiates Address Validation From Address Verification?

A lot of people (even hardened pros) use and confuse both terms interchangeably. This is a mistake because both are distinct and fulfill different purposes. An address verification system   (or AVS) verifies whether the address provided by the customer matches the address recorded in the company database. To an extent, this eliminates the risk of somebody using a fake address to gain access to financial services.

Let’s take an example. A customer buys a product using his credit card. He supplies his billing address to route the package. If the AVS detects that the billing address is different from the one in the company database, the customer’s transaction is blocked. So verification is useful as a fraud prevention tool.

Verification checks and matches only the numbers in the address – usually the apartment number and zip code. The aim is to checkmate fraudsters who can’t transact a card without knowing the owner’s mailing address or may try to reroute packages to a fictitious address (that won’t match with the recorded address).

Address validation checks the entire address from start to finish. It matches the address against established databases such as the USPS. Validation follows a stricter standardization protocol where the data entered in different fields – Apartment number, street name, building a name, floor, landmark name, city, and ZIP – these are thoroughly checked. More advanced validation tools are capable of even filling in or correcting missing or wrongly entered data, maximizing the chances of a right match. The aim of address validation is to ensure that the company gets to deliver a message or a package to the right destination.

How Address Validators Deliver Last Mile Accuracy

Whether the landlocked address is local or international, there is a way that address validators ensure last mile accuracy. It’s called geocoding. It means you’re finding out the GPS coordinates (longitude and latitude) of the actual address. It normally takes a person standing on the rooftop with a mobile device to check and find out the real GPS coordinates marking an address.

The address validator uses a combination of math, algorithms, and the science of interpolation. The validator “triangulates” three known GPS coordinates circling the area to find the international address. This system may not deliver the “rooftop” accuracy of a handheld GPS but provides “street-level” accuracy which is enough to confirm and validate the address.

Phone Number Validation – Why Do They Do It and How?

There are billions of mobile users, and surveys indicate that more than half of them use these devices to access the web. This represents a huge market hungry for information and very receptive to commercial communications. If possessing a valid email customer address is a gift for a direct marketer, the customer’s mobile number is a bonus. Both the email and phone enable direct and more personalized customer contact – the Kickstarter of sales conversions. In a world of informative and educative communication, the SMS is as powerful a medium as the email in targeting a commercial message.

If That Answers the Why; Let’s Probe the How of the Question: How Is Phone Validation Accomplished?

Addresses are simpler to handle as they normally carry building names, street names, and zip codes. Phone validation is a tougher nut to crack. Every international phone number is prefixed by an area code and the country code, and you get a string of numbers that vary in length. Again, countries vary in the use of separators like dashes or reverse slashes between the numbers. Phone validation needs higher technical sophistication and regulatory compliance which only experienced professionals (such as Byteplant) provide.

How Phone Numbers Are Formatted

Let’s take an imaginary American number to illustrate the point. Assuming 555-0300 is the number of the customer, its national format would be (202) 555-0300; its international format becomes +1 202-555-0300. If we analyze the number, 555-0300 is the base number, 202 becomes the area code, and because we’re using the number locally, we add +1 to substitute the county code.

Imagine a similar number being adapted in a zillion ways by countries across the globe, and you get an idea why phone number validation becomes such a complex task.

E.164 Formatting Simplifies International Call Numbering

To makes things easier, an international numbering plan was formulated. It’s called the E.164. In this format, our numbered example will appear like +12025550300. As there are no separators, the E.164 formatted number easily fits into any database.

But the Problem Persists and Validation Comes to the Rescue

The problem is you have no control over the format that the customer uses to communicate his phone number. Also, it’s difficult to tell the difference between a land number and a mobile number just by viewing the number.

At this point, your company spokesperson might suggest, “Why bother with phone validation? I’ll send a code through SMS to the number to elicit a direct response from the customer.”

If you’re handling ten or fifteen customers, that may be worth a try, but not when you’re sending hundreds and thousands of SMSs. If bulk SMS bounce off wrong or incorrect phone numbers, you’ll be losing money and your reputation in the process.

Phone validation saves money and protects your reputation.  The tool validates a number before you make that call or send an SMS, and does that by accessing and cross-matching the customer’s number with global databases that operate using E.164 formatting.

A Word About the FCC Telephone Consumer Protection Act (TCPA)

The TCPA lays down guidelines protecting consumers against the onslaught of telemarketing calls. There are restrictions in place when you automate calls to customers and send recorded voice messages. The law requires companies to secure “express consent” from consumers before sending promotional material. An effective phone validation system prevents companies from falling foul of these regulatory measures and saves companies thousands of dollars in noncompliance penalties.

Reasons Why the Phone Validator Should Be Your First Port of Call Before Making the Customer Call

For any company that aggressively promotes its products and services, phone validating solutions can’t be ignored. They clean up the database, eliminating fake numbers, saving companies the time it would have taken to do the work manually, and the money that would others be diverted to unproductive calls.

  • Companies get an actionable list of genuine numbers that can take promotional calls.
  • An accurate list ensures existing customers can be followed up and new customers are validated and added to an expanding campaign.
  • Distinguishing landline and mobile numbers prevents wasteful messaging to land numbers.
  • Call centers don’t lose time and money on abandoned calls and invalid numbers.
  • With a genuine listing, the whole approach to marketing can change to focus more personalized attention to customers.

Conclusion

Whether we speak of big businesses or small entrepreneurs, the quality of contact information is an invaluable asset worth protecting. You have three reasons for validating customer contact information – you drive sales, improve marketing campaigns, and bring a whole new dimension to customer service. All three areas benefit when validation services remove invalid addresses and fake numbers on an ongoing basis.

Remember that validation kicks in well before a single customer call is placed. You don’t divert money on unproductive campaigns, you save time on manual work, and your marketing team becomes focused and efficient. As a company, you get a load off your shoulders when you receive fully automated geocoded addresses and verified/validated phone numbers – the perfect foundation for launching a result-oriented marketing campaign.

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Technology

A Simple Guide to Machine Learning and Artificial Intelligence

Technology, despite the revolutionary progress that it has enabled over the millennia, has never been short of doubting Thomas’s. Computers, for example, have become so closely integrated into our lives that we use them in our homes and we carry them around in our pockets. That has never stopped people from fearing computers and predicting doomsday scenarios. The anxiety rose to fever pitch as Artificial Intelligence (AI) and Machine learning (ML) became the talk of the town.

These new age technologies are poised to impact us in ways we can’t imagine. The topic fascinates and worries us in equal measure. That’s why people, even the least technology-savvy among us, need to understand what AI and ML are and how these technologies are poised to change our lives dramatically.

We requested IT experts from FirewallTechnical to break down the technical complexities, shed the jargon, and present a simplified guide to AI and ML so that a layperson could gain a better understanding of what these technologies are capable of doing. We share these valuable insights:

What Is Machine Learning and Artificial Intelligence?

It could be the weather, a population group, an industrial process, or something as mundane as an economic impact theory or cultural event. We study these events and gather an enormous amount of data. This data is minutely analyzed. When we analyze data, we focus on patterns of behavior that keep recurring. Then we apply advanced principles of computer science to analyze the behavior and predict what may happen in the future. The end result is a “statistical model” capable of predictive analysis. Artificial Intelligence and Machine learning are the technological breakthroughs that create statistical models and make predictive analysis possible.

Artificial Intelligence and Machine Learning: How Are They Different?

Artificial Intelligence

The word artificial means it was created by humans. Intelligence implies that the computer is programmed to ‘think’ on its own almost like (but not superior to) a human. AI is a complex cluster of algorithms that simulate human-like behavior in a computer. It’s a way of programming a computer to think on its own (mimic human intelligence) without human guidance at every step.

Machine Learning

Machine learning builds on the foundation of AI to develop programs that teach computers to gather and analyze data on their own and predict future behavior. In such a scenario, the machine is not merely programmed to do a defined task. The machine is actively ‘learning’ and changing its responses with experience. You can ask ten people for solutions to a problem and probably receive ten different answers. ML will analyze thousands of variables and predict the best outcome.

If AI infuses a machine with human-like intelligence, ML ensures that the machine thinks on its own and learns from experience to predict outcomes.

If Artificial Intelligence was a tree, ML applications would be the low hanging fruit. Both tree and fruit are mutually dependent and one can’t exist without the other. AI is the foundational technology, ML is its application. AI is the architect and strategic planner, ML is the builder and project manager.

Three Foundational Tasks That ML Is Geared to Perform

Having acquired a bird’s eye view of what these new technologies are, we move on to the three basic tasks that AI and ML are programmed to do in real life situations – Classification, Regression, and Ranking.

ML Classification:

Take facial recognition, for example. The observed image is matched with an existing database and quickly identified. Facebook is using this to tag pics of people known to you.

ML Regression:

This makes it possible to correlate numerical values with factors that tend to vary. For example, in real estate, ML can help you predict the value of your home after considering related factors such as market value of residential property, the age of the home, and depreciation.

ML Ranking:

This is a way of predicting an outcome within a certain set of parameters. For example, the likelihood of the New York Yankees topping the charts in Major League Baseball. Another example is Google’s search engine that ranks the most relevant result to a searcher’s query.

How ML Uses Statistical Models to Analyze Data and Predict Outcomes

We’ve already seen that statistical data gathering creates a machine learning model of how events pan out in the world. When data analysis gives you patterns of behavior, the same can be studied and what the future holds in store can be predicted. ML does this using datasets and functions.

  • A dataset is a graph with rows and columns showing how variables relate to each other. For example, a row may show age-groups (young, middle-aged, senior, super-senior) within a targeted population, and the column indicates their preference for an herbal product.
  • A function is a sequence of code that instructs a machine to perform specified tasks. The same functions can be used to manipulate data sets to yield a particular result.

In the population study, you could use functions (codes) to teach the machine to recognize patterns such as more middle-aged folks opting for herbal products as opposed to younger people. The machine “learns” the pattern and recognizes it when it is repeated elsewhere.

Like Human Learning, Machine Learning Follows Different Pathways

The statistical model lies at the heart of machine learning. Using these models, the ML application follows a steep learning curve imbibing “lessons” on the way to predicting behavior. Humans are said to follow at least seven learning styles – video, audio, language, and physical among others. The same is mimicked by AI and ML powered systems:

● Supervised Learning:

This is the ML way of linking a programming input to an output. For example, you can teach a program to learn the difference between good food and bad food. The computer can’t taste the food, so you explain through examples that certain foods are good, some are bad to enable it to recognize the difference. The Microsoft Virtual assistant, Cortana that trains a computer device to recognize speech commands is an example of supervised learning.

● Unsupervised Learning:

If it is cumbersome to modulate the machine ’s decision-making ability with endless examples, unsupervised learning takes over. Without referring to any known classification or category of data, the machine studies patterns and comes to its own conclusion. This is very useful when large data sets are being analyzed, and it becomes manually impossible to program responses covering every possible variation. NASA, for example, uses unsupervised learning to discover new stars that do not figure in an existing database.

How AI/ML principles impact us in daily life

Google’s search engine switched to AI and ML, creating a new algorithm called RankBrain. Previously, Google would deliver web results relevant to the keywords used by customers in web searches. Powered by AI and ML, Google’s new search engine studies the context in which the keyword has been used compares it with the customer’s past searches, studies the customer’s choices (rejection/acceptance), and delivers a result that satisfies the searcher’s intent.

The major difference is that the search engine adapts search results in the way the customer responds and offers improved results as the search intensifies. Google search ‘learns’ through experience to become more accurate at predicting the customer’s intent to give a better and personalized web experience.

Agreed, AI and ML Are a Big Deal, but How Do They Affect Me?

Social media and e-commerce giants need not engage you in long intimate conversations to get to know you better. Your web browsing habits, personal preferences, and product choices are already known to them. All they do is hand over the data to AI and ML to analyze. Patterns of behavior emerge that prompt company to reorient and personalize marketing strategies suiting individual preferences.

Machine learning is about to change the job landscape. The World Economic Forum predicts Data Analytics, AI and Machine learning specialists, and Operations managers as the top three in-demand job vacancies by 2020. Data entry, accounting and bookkeeping, and administrative roles are the top three jobs destined to become obsolete. Financial services will be worst affected because no human capability can match AI and Machine learning capacity to crunch big data and predict more accurate results.

Conclusion

Let’s put it in a nutshell. If you’re a developer, AI and ML unleash your potential to go where no man has gone before. If you’re a layperson, understanding and integrating the new age technologies into your lifestyle will mean the difference between survival and extinction. Agreed, AI can’t offer solutions for everything, but it is better to be aware of how AI inspired changes are reshaping our universe.

We should respond positively when a new technology promises to change the globe as we know it. Forget doomsday. Already, AI and IoT (Internet of Things) is merging with blockchain to save the environment. The same technology mergers are revolutionizing supply chain management in industry. The benefits of AI and ML are so awesome we ignore this revolution only to our disadvantage.