Retail is Applying AI in Four Main Areas – Data Remains a Challenge
If you’ve been paying attention to the application of artificial intelligence in retail, you may feel like the buzz around the topic has gone from zero to “arrived” in less than a year. In retail time, even at the speed of the modern consumer, that is incredibly fast. Some of the hype has come from […]
Big data and analytics are helping to improve and transform a multitude of industries in the modern world. The most impactful thing such technologies do is provide detailed and real-time insights into operational and financial activities. In agriculture, this very thing is playing out as we speak. Farmers, for instance, are using data to calculate […]
Climate change has been bleaching coral reefs, decimating the local marine species that call them home, since at least the first major observations were recorded in the Caribbean in 1980. Thankfully, new A.I. cataloguing designed to identify the geographic regions where coral is still thriving hopes to reverse the trend, saving some of the world’s most dense and […]
After earning a PhD from Stanford, Russ Greiner worked in both academic and industrial research before settling at the University of Alberta, where he is now a Professor in Computing Science and the founding Scientific Director of the Alberta Innovates Centre for Machine Learning (now Alberta Machine Intelligence Institute), which won the ASTech Award for “Outstanding Leadership in Technology” in […]
By Lance Eliot, the AI Trends Insider They’ll cost too much. They will only be for the elite. Having one will be a sign of prestige. It’s a rich person’s toy. The “have nots” will not be able to get one. People are going to rise-up in resentment that the general population can’t get one. […]
In 2013, the MD Anderson Cancer Center launched a “moon shot” project: diagnose and recommend treatment plans for certain forms of cancer using IBM’s Watson cognitive system. But in 2017, the project was put on hold after costs topped $62 million—and the system had yet to be used on patients. At the same time, the […]
By Jeff Desjardins, The Visual Capitalist The interplay between technology and work has always been a hot topic. While technology has typically created more jobs than it has destroyed on a historical basis, this context rarely stops people from believing that things are “different” this time around. In this case, it’s the potential impact of artificial intelligence […]
By Lance Eliot, the AI Trends Insider Have you ever taken a road trip across the United States with your family? It’s considered a core part of Americana to make such a trip. Somewhat immortalized by the now classic movie National Lampoon’s Vacation, the film showcased the doting scatter brained father Clark Griswold with his […]
Artificial intelligence is the technology story of the hour, and everyone wants to dive in. However, three recent studies suggest there’s more work to be done before AI starts delivering business value. A report from McKinsey suggests many organizations require a solid infrastructure underneath it all — it takes digital to go more digital. Data is also […]
By Jacques Bughin and Nicolas van Zeebroeck of McKinsey The diffusion of a new technology, whether ATMs in banking or radio-frequency identification tags in retailing, typically traces an S-curve. Early on, a few power users bet heavily on the innovation. Then, over time, as more companies rush to embrace the technology and capture the potential gains, the market […]