In this technical demonstration, we propose a cloud-based Big Data Platform for Social Multimedia Analytics called bBridge that automatically detects and profiles meaningful user communities in a specified geographical region, followed by rich analytics on communities’ multimedia streams. The system executes a community detection approach that considers the ability of social networks to complement each other during the process of latent representation learning, while the community profiling is implemented based on the state-of-the-art multi-modal latent topic modeling and personal user profiling techniques. The stream analytics is performed via cloud-based stream analytics engine, while the multi-source data crawler deployed as a distributed cloud jobs. Overall, the bBridge platform integrates all the above techniques to serve both business and personal objectives.
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.
Lenta has completed piloting a Singapore startup to set up targeted advertising, the company's press service reports.
Lenta's digital marketing service, with the support of the company's Innovation Center, tested the project on an Instagram advertising platform for a month. The artificial intelligence platform processed data from social networks and determined user preferences.
As a result, the effectiveness of targeted advertising has increased 2.5 times compared to using classic tools for launching advertising campaigns. It was originally planned that this figure will grow by 20%.
“During testing, we paid attention not only to the cost per click, but also to the bounce rate. Quality traffic is important to us. The startup really identified users for whom our advertising was relevant, ”said Boris Evdokimov, head of Lenta's digital marketing department.
Thanks to the use of artificial intelligence, the company will be able to halve the costs of launching advertising campaigns on Instagram and increase the number of conversions in stores by 37%.
Earlier it was reported that "Lenta" opened a large distribution center in the Leningrad region. Online sales of Lenta grew 6.5 times in Q3 2020.
Getting leads for credit card and personal loan applications in the banking industry has always been an ordeal. So when we applied our technology to Citibank’s products and saw a 40% uplift in sales we got really excited. There’s no greater satisfaction than seeing your products solve persistent industry problems.
Even better when the clients and their partners talk about you because of the proven result.