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More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

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Page 1: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile
Page 2: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

I n t r o d u c t i o n

More than a t rend

Lat in Amer ica : an ideal market for A I

Chal lenges and opportunit iesfor A I in market ing

AI for marketers

Industr ies that benef i tf rom AI market ing

AI : the most powerfu l market ing tool

What do you need to doto prepare for A I?

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C O N T E N T S

Page 3: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

No longer the stuff of science fiction, Artificial Intelligence (AI) is now a reality, enabling organizations to resolve problems and improve their results through

algorithms and the assertive use of data.

I N T R O D U C T I O N

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The push to develop Artificial Intelligence (AI) dates back more than half a century to the 1950s, when science fiction took hold of the popular imagination. It wasn’t until the 1970s, however, that the first computers began to make fantasy a reality. Since then, AI has transformed not only tech-nology but also our lives and the way we do business.

The term “AI” refers to a set of technologies that are not new but that have evolved and improved thanks to the capacity for learning and interaction of the machines we use to carry out many daily tasks. With AI, they can solve problems, identify patterns, perform calculations, process language and even predict future actions.

AI is already a reality. According to a recent IDC study, by 2018 close to 50% of consumers will interact with services that are based on automatic learning, and by 2019 investments in these types of services will exceed $31.3 billion. As these data make clear, AI is not just a trend; it is a transfor-mation, one that decision makers need to understand to maximize the innovations it can offer their businesses.

close to 50% of consumers willinteract with services that arebased on automatic learning

investments in thesetypes of services willexceed $31.3 billion.

2018 2019

Page 4: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

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M O R E T H A N A T R E N D

Artificial Intelligence is often described as the new industrial revolution. It is a main component of the digital transformation of our world, a phenomenon that extends to all sorts of businesses and organizations

AI’s deep capacity for learning helps businesses constantly improve the ways they use their data, but real knowledge of the possibilities it represents is essential to achieving this transformation.

To get a sense of this potential, consider the recent estimate by the market intelligence firm IDC that by 2019, seven out of 10 manufacturing value chains will use digital processes, products andservices to improve their productivity. Pressure to adopt innovations such as AI comes not only from the market, but also from clients, for whom agility, improved response times, more assertive communication and innovative products are just some of the many drivers that make AI so attractive.

Source: Tractica, 2016

Contract analysis

Object detection and classification -avoidance, navigation

Object identification, detection, classification,tracking from geospatial images

Automated geophysical feature detection

Text query of images

Content distribution on social media

Predective maintenance

Efficient, scalable processingof patient data

Static image recognition,classification, and tagging

Algorithmic trading strategyperformance improvement

$500 $1000 $1500 $2000 $2500 $3000

Artificial Intelligence Revenue, Top 10 Use Cases, World Markets: 2025

Page 5: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

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L A T I N A M E R I C A : A N I D E A L M A R K E T F O R A I

In its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022.

Latin America is fertile ground for this growth, given the ability of emerging markets to adapt more easily to the transformations it implies. In its latest report on the economic outlook for Latin Ame-rica, the World Economic Forum cites Mexico, Colombia, Peru and Chile as offering the dynamism and infrastructure needed for these types of solutions, thanks to their attractive economies and high levels of entrepreneurship and technological development. Brazil and Argentina also made the list, but ranked lower due to the recent economic slowdowns these countries have experienced.

Mexico, Colombia, Peru and Chile offer the dynamism and infrastructure needed for the A.I. market. Brazil and Argentina too, but to a lesser extent.

the market for AI willreach $16.274 billion

2022

Page 6: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

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AI relies on automatic learning to identify data-based patterns, giving companies the power of in-formation. Thanks to automation, analytics are reaching their full potential and will be one of the keys to success in 2017. As J. Walter Thompson Intelligence’s Future 100 reports, user-focu-sed solutions, the attention economy, multiscreen advertising and multiplatform sales will feature strong AI components to achieve growth and increase sales, enhancing the speed and power of marketing initiatives and the search for business opportunities.

“Organizations collect millions of data, but very few know how toactivate or use this information the right way. The role of Artificial

Intelligence is to give companies more insight into theirdata and suggest new ways to use it.”

Diego Páramo, VP, Global Sales & Partnerships, Poder.IO

C H A L L E N G E S A N D O P P O R T U N I T I E S F O R A I I N M A R K E T I N G

In a study by the inbound marketing firm Hubspot, 70% of businesses cited taking advantage of the data they have and turning it into contacts, sales and business opportunities as a priority. The dilemma they face is how to choose the most effective option for reaching these audiences.

For Diego Páramo, Co-Founder and Vice President for Global Sales & Partnerships at Poder.IO, the answer is simple: By applying AI to their data, companies can identify patterns and opportunities for interaction that weren’t visible to them before.

Page 7: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

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For executives and companies, AI means better decision making, not only because of the information gleaned from analytics but also by contributing new knowledge and insights to the business process.

The integration of Big Data with AI is another powerful option that can improve analysis, find patterns, segment audiences, identify critical moments in the client’s journey, and even predict how clients will act. This type of automation makes busi-ness opportunities more visible and enhances the value of delivering a more relevant customer experience.

Programmatic advertising also has a lot to gain from incorporating AI. Campaigns that integrate its functions offer marketing teams fresh insights in real time and valuable information about business processes and behavior.

AI is already present in many aspects of our daily lives. Siri and Cortana, the personal assistants on our phones or computers; Google’s autocomplete function; and our computers’ ability to designate certain email as spam are just some examples of AI with which most of us are familiar.

Education and medicine were among the first fields to adopt AI for uses that go beyond simple automation to learning, predicting and recognizing patterns. We are already experiencing some of the advances that have been developed as a result.

Virtual assistants or chatbots are AI-based services that interact with humans via a chat interface. Their uses are varied and range from assisting customers with online purchases or inquiries, forecasting the weather, suggesting relevant content about a certain topic, etc.… The possibilities are endless.

A I F O R M A R K E T E R S

Page 8: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

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FinanceIn the financial sector, AI is helpful in analyzing client interactions and creatingproducts for specific audiences. For example, in loan risk analysis, AI makes it easier to gauge a client’s debt capacity and suggest the ideal product for their profile.Similarly, insurance companies use AI to identify risk levels and the type of

accidents to which clients are vulnerable depending on factors such as lifestyle, job, age andgeographical location.

RetailIn the retail sector, AI is having a positive impact through “smart” automated customer service solutions and by expanding omnichannel operations that enhance the customer experience.

Amazon is one of the leading retailers to implement AI. It uses algorithms to suggest items that might interest specific customers based on their online behavior and to predict whether or not a book will be a best seller before it is published.

By 2035, Accenture estimates, investments in AI could exceed the economic growth rates of many developed nations and increase productive capacity by 40%.

Poder.IO has identified many industries that would benefit from AI, but the ones with the most to gain are the tourism, financial and retail sectors.

TourismAI use in the tourism sector (airlines, hotels, travel agencies) focuses on discoveringkey moments in the customer’s consumer experience and on lowering costs in marketing campaigns.

I N D U S T R I E S T H A T B E N E F I TF R O M A I M A R K E T I N G

In 2016, Booking.com launched an AI-based product, Booking Experiences, which allows travelers to explore different destinations when planning a trip.

The application offers personalized recommendations and the abilityto purchase advance tickets for attractions and events.

Page 9: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

AI can be used to improve web design and optimize sites to be more user-friendly and attractive to a company’s target clients.

With AI, companies can adjust product prices automatically through algorithms that analyze inventory and demand.

AI enables companies to identify crucialmoments in the customer journey and anticipate client needs or concerns.

AI allows organizations to generate content immediately by using structured data to create reports, articles and announcements.

AI makes it easier for businesses to identify fraud or failures in their information systems, keeping data more organized and secure.

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A I : T H E M O S T P O W E R F U L M A R K E T I N G T O O L

In addition to creating a more user-friendly experience, AI helps marketing teams optimize the diffe-rent aspects of their work and strengthen their businesses:

With AI, marketers get new insights into how simple factors such as the weather, the sea-sons or social events influence consumer bu-ying habits, offering real and dynamic insights that can be incorporated into marketing plans.

AI supports programmatic buying by ad-justing bids according to a company’s interests and objectives, automatically and in real time. It also allows companies to target specific segments with personalized ads.

Page 10: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

W H A T D O Y O U N E E D T O D OT O P R E P A R E F O R A I ?

Regardless of what market you are in, the first step in adopting a disruptive technology like AI is to consider your organizational structure.

AI brings with it transformations that require a creative, resourceful and tech-savvy team to adopt and resolve the technical and operational challenges they imply. Whether or not a business sees AI as a threat depends on how it adopts the advances it represents. Harnessing the power of AI as an engine for change to make their businesses more innovative and efficient is the most important task facing company leaders today.

“The only condition companies need to meet to begin using AI is to be willing to change, innovate and improve, and, of course, become more

efficient. Organizations that have this willingness in their DNAwill find it much easier to implement an AI system.”

Diego Páramo, VP, Global Sales & Partnerships, Poder.IO

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Page 11: More than a trend - EPICAIn its Global Artificial Market Report (2016 - 2022), KBV Research predicts that the market for AI will reach $16.274 billion by 2022. Latin America is fertile

http://www.forbes.com/sites/gregsatell/2016/09/18/4-ways-every-business-needs-to-use-artificial-intelligence/#-24d2d4fb11e0

http://www.businessnewsdaily.com/9402-artificial-intelligence-business-trends.html

http://www.businessnewsdaily.com/9542-artificial-intelligence-businesses.html

http://techannouncer.com/global-artificial-intelligence-market-reach-usd-16274-0-million-2022/

http://techonomy.com/2016/12/artificial-intelligence-may-change-the-face-of-business/

https://www.accenture.com/us-en/insight-artificial-intelligence-future-growth

https://www.accenture.com/t20161031T154852__w__/us-en/_acnmedia/PDF-33/Accenture-Why-AI-is-the-Future-of-Growth.PDF#zoom=50

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