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Showing posts with the label artificial intelligence

7 Challenges in Logistics that AI Solves

These 7 Challenges in Logistics that AI Solves cover the diverse issues that companies face when deciding whether to retain an existing supplier or venture into the prospect of new supply chain technology. There are many sources of data for analyzing supply chain issues, and these are usually most effective if they address the needs of the organization as a whole, as opposed to a limited number of the factors involved. For example, an organization with a large retail location may be considering investing in a new in-store software application or new office space, even if it is only to relieve some congestion issues at one or two locations. If all the places that make up the store are feeling the same congestion, and a new office will only generate an additional expense, the new software application may not be the best course of action. Limited Resources:  It is very easy to start with the issue of finding new supply sources or expanding an existing relationship, rather than ...

How Machine Learning in Retail Impacting Businesses

Machine Learning in retail is a term that can be defined in several ways. Some people use the time to refer to any machine learning, which is a tool for programming and analyzing large data sets. However, I think that there is another way to use the term, and that is to refer to any "machine learning," which includes tools used to automate complex tasks. In the retail sector, machine learning has become a massive topic of interest because it is now possible to automate much of the retail business process by using the internet as a tool. The concept of machine learning was first introduced to the retail technology by IBM's Watson when it was searching through millions of pages of documents to answer questions. The question was, how would the system to answer questions that it had no idea about. Using machine learning, the systems learned how to "see" patterns in the data that IBM then translated into answers that consumers needed. The approach is straightforw...