The SoMin.ai startup, which improves its ad targeting using artificial intelligence, has entered an emerging market. A Singapore-based startup uses big data and artificial intelligence to boost conversions.
In targeted advertising from Citibank, AI increased conversion by 53% and reduced the cost of customer contacts by 43%, SoMin.ai founder Alex Farseev told DP. The Lenta network noted a 2.5-fold improvement in the effectiveness of an advertising campaign. Somin.ai is currently working with MTS.