Opportunities and Challenges in Commerce during COVID

The Department of Health and Human Services has reportedly signed on many supermarket and pharmacy chains to provide coronavirus vaccines once the inoculations get the green light. In eCommerce, Amazon’s third-party merchants are worried they won’t be able to satisfy holiday demand due to restrictions on the volume of inventory the firm can keep in its facilities. And in banking, financial institutions can incorporate artificial intelligence into their consumer credit strategies at a time when a retroactive approach to credit risk management has become less feasible amid COVID-19. All this, Today in Data.

$189B: Amount that U.S. shoppers are expected to spend online in November and December.

80%: Share of banking interactions done online in 2020.

55%: Average reduction in false positives observed by banks that use AI to fight fraud.

48.8%: Portion of consumers who require a vaccine before returning to their routines.

12: Number of months in advance AI systems can detect potentially fraudulent activity.