Summary: Especially in consumer goods and retail the value of AI/ML is only part of the story. AI/ML will increasingly need to integrate with helper technologies to deliver maximum value. Up your game in IoT, 5G, and robotics to ensure you’re giving your operating team all the best options for their investment.Continue
Added by William Vorhies on May 13, 2019 at 8:06am — No Comments
How are artificial intelligence (AI) and Automation different? Don’t they both offer options of hands-free, robotic style design?
Often times we use automation and artificial intelligence interchangeably, but they are very different. We think of them all as just “robots” while not fully understanding what is powering the robot’s intelligence.
However, there is a pretty big difference between Artificial Intelligence and Automation. It’s almost like comparing apples to oranges.…Continue
Added by Harrison Goode on May 9, 2019 at 10:30pm — No Comments
AI has changed our lives for a better tomorrow. It is being tested and applied almost in every possible field. There is a consensus that automation guarantees better results across various domains. It can be manufacturing, construction or even healthcare. However, new additions are being regularly made to the list of AI applications.…Continue
Added by Amit Dua on May 7, 2019 at 1:20am — No Comments
When we look at broadly different kinds of Machine Learning that are used in practice in Artificial Intelligence
Historically, there have been several approaches in Machine learning for AI like supervised learning, unsupervised learning, reinforcement learning, case-based reasoning, inductive logic programming, experience based generalisation etc. there have been several examples of waves of machine learning for different AI problems. But, of them the 3 most important categories of…Continue
Added by Mahesh Kumar CV on May 5, 2019 at 1:00am — No Comments
"We used computer vision, deep learning algorithms and sensor fusion, much like you’d find in self-driving cars. We call it -Just Walk Out’ technology"
Much to the surprise of everyone in the retail industry, Amazon launched a new format of stores called "Amazon Go." The most interesting feature of these stores is that shoppers will not have to check out at a counter with a clerk or even with an automated kiosk. Shoppers simply have to swipe into the store with an app,…Continue
Added by Mahesh Kumar CV on May 4, 2019 at 9:00am — No Comments
Artificial intelligence (AI) seemingly has been discussed everywhere over the last few years, and now it’s made its way into the commercial insurance industry. Organizations are using AI and machine learning for everything from streamlining operations to offering more personalized care and better customer service. There is an increasing sense of urgency about getting started on the AI journey. The question is how. Do they develop a custom solution in-house or purchase a third-party solution…Continue
Added by Ji Li on May 2, 2019 at 3:00pm — No Comments
Summary: Communicating with your Board of Directors about AI/ML is different from conversations with top operating executive. It’s increasingly likely your Board will want to know more and planning that communication in advance will make your presentation more successful.
Added by William Vorhies on April 29, 2019 at 9:35am — No Comments
Imagine you’re completing a mission in a computer game. Maybe you’re going through a military depot to find a secret weapon. You get points for the right actions (killing an enemy) and lose them for the wrong ones (falling into a pit or getting hit). If you’re playing on high difficulty, you might not conclude this task in just one attempt. Try after try, you learn which consecutive actions are needed to get out of a location safe, armed, and equipped with bonuses like extra health points or…Continue
Added by Kateryna Lytvynova on April 18, 2019 at 2:00am — No Comments
Artificial Intelligence might not be the newest entrant in smart technology but, its redefined usage is. It has recently gained mass popularity. Now, it is being accepted across many industries. With the general public embracing AI, government agencies are also considering this fantastic technology. AI can imitate human's decision-making skills. Thus, it has the potential to improve the decision-making ability of various applications. The AI engine is useful for multiple applications such…Continue
Added by Amit Dua on April 15, 2019 at 9:38pm — No Comments
Summary: McKinsey says platform companies will represent 30% of global business revenue by next year (2020). In Part 1 of this article we started to lay out some important lessons learned and examples for you to follow. Here are the rest.
McKinsey says platform companies will represent 30% of global…Continue
Added by William Vorhies on April 15, 2019 at 7:43am — No Comments
Chatbots have emerged as one of the most significant innovations of the last decade. After initial struggles, chatbots are now readily used by businesses. Various advantages offered by chatbots have ensured their usage across different industries. One of the most useful applications of chatbots has been in customer care and engagement. For every business that deals with customers, chatbots are becoming indispensable. Chatbots deliver an exceptional customer…Continue
Added by Amit Dua on April 9, 2019 at 10:30pm — No Comments
Summary: McKinsey says platform companies will represent 30% of global business revenue by next year (2020). Here are some lessons and examples to help mature companies evaluate where they can create AI/ML-enabled platforms to remain competitive. This is a long topic so this will be Part 1 of 2.
Added by William Vorhies on April 8, 2019 at 9:29am — No Comments
Summary: A new business model strategy based around intermediary platforms powered by AI/ML is promising the most direct path to fastest growth, profitability, and competitive success. Adopting this new approach requires a deep change in mindset and is quite different from just adopting AI/ML to optimize your current operations.
Added by William Vorhies on April 1, 2019 at 9:29am — No Comments
Price errors and their impact:
Price errors are one of the ways in which revenue leakage occurs in e-commerce business. Although retailers put various checks and balances in place, pricing errors are still common. Data entry mistakes, misplaced decimal points, reversal of digits, and other clerical errors made in hurry are the major contributors. It can also occur because errors in feeding promotional offer dates. Promotions might unintendedly start early or end late. Such revenue…
Added by Avinash Udaykumar on March 26, 2019 at 7:57pm — No Comments
Summary: Based on a McKinsey study we reported that 47% of companies had at least one AI/ML implementation in place. Looking back at the data and the dominance of RPA as the most widely reported instance makes us think that the number is probably significantly lower.
This is part 2 of a 3 part series: “How to make your mark on the world as a talented, socially conscious data scientist.”
You can find part 1 here: “Choose a domain which enables you to create…Continue
Summary: In the literal blink of an eye, image-based AI has gone from high cost, high risk projects to quick and reasonably reliable. C-level execs looking for AI techniques to exploit need to revisit their assumptions and move these up the list. Here’s what’s changed.
For data scientists these are miraculous times. We tend to think of miracles as something that occurs instantaneously but in our world that’s not quite so. Still the rate…Continue
Added by William Vorhies on March 4, 2019 at 9:41am — No Comments
Data Science is a combination of data inference, algorithms, and technology that solves complex problems. The core of this technology is data that is initially raw, then is streamlined, and stored in a data warehouse. These vast amounts of data can help generate significant business values.…Continue
Added by Amit Dua on March 3, 2019 at 8:30pm — No Comments
Summary: Adoption of AI/ML by larger companies has more than doubled since last year according to these survey results from McKinsey and Stanford’s Human-Centered AI Institute. This new data gives us a much better idea of which global regions and which industries are adopting which AI/ML techniques.
Added by William Vorhies on February 25, 2019 at 9:22am — No Comments
This is the first article in what will be a three-part series:
"How to make your mark on the world as a talented, socially conscious data scientist."
Added by Marshall Lincoln on February 13, 2019 at 5:50pm — No Comments