7 Ways Retailers Benefit From AI

IN Artificial Intelligence — 05 September, 2017

Artificial intelligence (AI) and machine learning are becoming ubiquitous in our daily lives. Modern AI systems are less like David in Spielberg’s film “A.I. Artificial Intelligence” or the HAL computer in Kubrik’s “2001 – A Space Odyssey” but help us to steer through our daily life more efficiently.  From self-driving cars to scheduling…

The Promise of Artificial Intelligence & the Reality of Super-Human Performance

Watson, Einstein, Leonardo. These names were chosen as product names for Artificial Intelligence (AI)-based technology. These names are not random choices – they are names associated with brilliant and creative minds, reflecting the aspirations these products have. These exceptional figures are extremely individual and have had such a profound…

The New Retail Balance Sheet: Why Data is an Asset – and How to Value It

The call to utilize big data is more than five years old now, and retailers are well aware of the huge commercial value in acting on insight. However, the narrative surrounding how to act on this insight hasn’t evolved in that time – and it needs to.

Building Robust AI Systems – Part I

“What's the first thought that comes to mind when you think of Artificial Intelligence (AI)? Perhaps it’s a scene from a science fiction movie? Or – more realistically – AlphaGo, developed by the Google owned company DeepMind that learned to beat the best players at the complex game of Go? Perhaps you wonder about job security? MIT Technology Review

My Metric is Better Than Yours – Optimizing Business Decisions with AI

P. Sondergaard, Senior VP at Gartner famously said: “Algorithms are where the real value lies”. Artificial Intelligence (AI) and machine learning are reshaping entire industry sectors and verticals, creating the foundation of the next industrial revolution.

How to win the grocery war one customer at a time

When companies do big acquisitions, it is often the customer who is the last to be considered. The digisphere is buzzing with commentary on the Amazon purchase of Whole Foods and what this means for retail once the eponymous pureplay got seriously into bricks and mortar. And it can’t be much fun to be any large US grocer watching your share price…

Building AI Applications – It’s More than Sticking AI in Front of It

Recent advances in machine learning and artificial intelligence (AI) — as well as technological improvements — have enabled a wide(r) range of businesses to integrate AI into their offering or integrate AI in their business processes.

Big Data vs. Artificial Intelligence

In recent years, almost all companies have jumped on the bandwagon to invest in Big Data. Each year, Matt Turck compiles a comprehensive list of Big Data companies that shows the relevant players on the market. Although such a list is ultimately incomplete, the recent versions have become so complex and detailed that they become hard to read, even…

How to Build an AI Strategy

A recent article by Harvard Business Review opens with “every serious technology company has now an Artificial Intelligence (AI) team in place.” The author raises an important point when claiming “Please don’t hire a Chief Artificial Intelligence Officer” by highlighting: “For them, AI is a competitive advantage, but not part of their core product.”…

A Cultural Change – How AI Drives Change Management

In 2012, Thomas Davenport and DJ Patil, who went on to become the first Chief Data Scientist of the United States Office of Science and Technology Policy at the White House under President Obama, published an essay in Harvard Business Review titled “Data Science is the Sexiest Job of the 21st Century”. In it, they defined this role as “a…