AI: The Human Factor in B2B Sales

 
The Dance of Expectations and Realities when Implementing AI in B2B Sales.

In the sprawling landscape of B2B sales, where specialist wholesalers in Germany grapple with the dual pressures of an ever-evolving e-commerce market and the need for nuanced pricing strategies, the spotlight is now firmly on Artificial Intelligence (AI).

The promise of predictive sales software and ERP AI solutions is tantalising. But as sales managers and executives venture into AI, they are caught in a delicate dance between expectations and realities. How can you position your expertise as a sales professional?

There are, of course, a few other challenges facing manufacturers and distributors today. For most of them, AI is both a blessing and a solution. However, managers sometimes fail to prioritise AI because of misplaced expectations. Why is this? What role do salespeople play?

Read more


Predictive Sales Analytics B2B

Why is Predictive Sales Analytics a “Must-Have” to Increase Sales Productivity in Business-to-Business?

Predictive Sales Analytics is a Game-Changer in B2B.

Productivity in business-to-business (B2B) sales is simply defined as the output rate of a sales team, considering all direct costs and performance. Two trends that are drastically affecting sales productivity are sales analytics in general and predictive sales analytics in particular.

Sales analytics is since long an efficient method to measure what is working and what is not working in sales. This is then used to compare performances in order to increase revenues.

Read more


KI im Fachgrosshandel

Lucas Pedretti exclusively booked as AI specialist for eight VTH (Verband Technischer Handel) events

 
Wholesale businesses can benefit greatly from the possibilities of artificial intelligence. The possible applications of AI in wholesale are manifold.

Karlsruhe, Germany - Lucas Pedretti, Managing Director of Qymatix Solutions GmbH, has been booked as an external speaker for eight events organized by the German Association of Technical Wholesalers (VTH). This decision underlines the fact that artificial intelligence is becoming more and more important in wholesale. Lucas Pedretti is looking forward to supporting the VTH and its members with concrete application examples in the field of artificial intelligence and predictive sales analytics.

Read more


What we can learn from the most popular AI scandals

 

With AI front and centre in our collective consciousness, it’s no surprise that it has also had its fair share of controversy. AI scandals are not that numerous (yet), but they are impactful. So, today we’ll look at some famous AI scandals and what we can learn from them.

Popular AI scandals

Since the 2010s, controversial news stories relating to AI systems and their use have popped up. Here are some of the most memorable and worrisome:

• Facebook's news feed
In 2014, Facebook conducted a controversial experiment where it manipulated the content displayed in users' news feeds. The goal was to study the emotional impact this adjustment could have on its users. Naturally, the study sparked ethical concerns about informed consent and the potential for emotional manipulation. And all this was done without any of the users being aware they were part of a test.

• IBM photo-scraping
In 2019, it was discovered that IBM was using 1 million images of real human faces from Flickr's mixed-use public and private photo-sharing website to train their face recognition. Users didn’t give their informed consent to have their data used in this way. And it has highlighted some ethical concerns around how big data trains their models.

• Google Nightingale
While Google’s motive might be noble - to improve patient outcomes - the idea that they have access to millions and millions of complete patient medical records from the UK and USA should worry you. Patients weren’t informed at the time that their data was being sent to Google as part of Project Nightingale and the information wasn’t anonymised. That means there are staffers at Google with access to fully identifiable medical information who aren’t trained medical professionals.

• Amazon hiring
In 2018, Amazon made an AI recruiting tool to help them sort through and locate top candidates. It was put into widespread use and graded resumes on a star system, just like Amazon reviews. But, like many systems trained on flawed data that have human biases, it began to show favouritism towards male candidates. It started downgrading female resumes based on female-centric characteristics like ‘women’s chess club champion’. As a result, Amazon had to abandon the project.

• Lethal Autonomous Weapons (LAWs)
It will come as no surprise that some countries like the USA and Russia like the idea of using AI for military applications. And in 2018, the UN met to talk about Lethal Autonomous Weapons or LAWs. There’s a 2018 documentary that explores these issues and famous voices like Elon Musk and Steven Hawking have banded together to sound the alarm about AI that has no governance against hurting humans.

• Self-driving car accidents
You’re likely to have heard of the multiple incidents involving self-driving cars, both in test and real-life scenarios. According to KNR Legal, “In 2022, Automakers reported approximately 400 crashes of vehicles with partially automated driver-assist systems to the NHTSA. 273 of these accidents involved Teslas (the most common vehicle with self-driving capability), 70% of which used the Autopilot beta at the time. Out of the 98 self-driving crashes with injuries, 11 resulted in serious injuries. Five incidents involving Teslas were fatal.”

While that’s less than the road traffic accidents caused by human drivers, it’s still too much to gain confidence in such systems.

• Cambridge Analytica
In 2018, we all learned that a 3rd-party firm had been given access to the personal data of approximately 87 million Facebook users back in 2014. All without their consent. And this company, Cambridge Analytica, used the data to influence politics and manipulate public opinion. As a result, there’s a $725m class-action lawsuit currently underway against Meta.

• Deepfakes
The growing trend of using faked video footage of celebrities or influencers to sell products is ubiquitous on websites like TikTok and YouTube. But, there’s also concern over body autonomy, child protection and personal rights as now this technology is being used to create adult material too. In the Netflix series ‘Black Mirror’ this concept is explored further in the episode “Joan Is Awful’ where a random ‘Streamberry’ user realises they’ve signed away the movie rights to their day-to-day life when they registered for the service. Calamity ensues.

• Tay, the Twitter Bot
In 2016, Microsoft launched a fun little AI personality for users to interact with on Twitter called Tay. She was designed to learn and grow while talking with people online. But it went sour quickly. Built to interact with 18-24-year-olds, the coders at Microsoft didn’t really think about what the bot might learn. Within hours, the bot was racist and offensive, prompting Microsoft to take it offline forever.

• AI-generated art and copyrights
The emergence of AI-generated art has led to debates about copyright and ownership. There are arguments on all sides. Some say that AI does make new pieces and that work should be protected and others insist that since AI cannot have experiences, all work should be owned by the human artists that inspired it. Further still, some argue that the prompt engineers are the real artists, simply using a tool to make art like a pen - and that they should own the copyright.

 
CALCULATE NOW THE ROI OF QYMATIX PREDICTIVE SALES SOFTWARE
 

Learning from the most popular AI scandals

The most important takeaway is that we still have a lot of work to do in this space. The ethics, laws and application of AI are still being decided. And we can use scandals as a rubric for how we want our future to look.

Will we have killer robots or should AI always be used for good? How should humans be treated and what can AI own? While we might not have all the answers just now, we can learn from these controversies and use them to create policies and legislation that protect everyone. For now, the approach is clear: we should only use AI to uphold the highest standards of good for humans at all times.

Interested in ethically using AI in your own business to get ahead of the marketplace? We can help. We empower your sales teams to deliver above and beyond forecasts with smart, AI-supported tools.

I WANT PREDICTIVE ANALYTICS FOR B2B SALES.
 



The Future of B2B Wholesale: Predictive Analytics and ERP Data Mining

 
AI-based predictive sales analytics and ERP data mining: technologies that help wholesale distributors increase margins, stay competitive, and reduce costs.

B2B wholesalers face the challenge of keeping up with current market dynamics and acting with foresight.

Enter AI-based predictive analytics and ERP data mining. How can applications of these technologies help wholesale distributors?
Read more


sales-facts

Five interesting Facts & Statistics About B2B Distribution

 

B2B Sales is changing because buyers are changing – mainly in the way they buy. Companies in B2B distribution are particularly affected by the changes in customer behaviour and their competitive environment. The shift in customer behaviour is the primary driven-factor behind the digitalisation of sales.

Read more