Retail
The Digital Insider
This article is brought to you by Retail Technology Review: Retail Technology Show 2023: Retail Express to join leading tech innovators. Q&A with Ed Betts, Retail Lead Europe at Retail Express, who considers ahead of the show the role of intelligent merchandising technology and its critical place in the future of retail. The critical role that technology plays in retail is unquestionable. Within the industry we are now talking more and more about smart retail technology which is any technology that is used to improve efficiency and effectiveness of operations, such as Artificial Intelligence (AI). So, in short, the Retail Technology Show on 26-27 April in London is where all the leading vendors get together and Retail Express is excited to be there.
Cooperative Multi-Agent Reinforcement Learning for Inventory Management
Khirwar, Madhav, Gurumoorthy, Karthik S., Jain, Ankit Ajit, Manchenahally, Shantala
With Reinforcement Learning (RL) for inventory management (IM) being a nascent field of research, approaches tend to be limited to simple, linear environments with implementations that are minor modifications of off-the-shelf RL algorithms. Scaling these simplistic environments to a real-world supply chain comes with a few challenges such as: minimizing the computational requirements of the environment, specifying agent configurations that are representative of dynamics at real world stores and warehouses, and specifying a reward framework that encourages desirable behavior across the whole supply chain. In this work, we present a system with a custom GPU-parallelized environment that consists of one warehouse and multiple stores, a novel architecture for agent-environment dynamics incorporating enhanced state and action spaces, and a shared reward specification that seeks to optimize for a large retailer's supply chain needs. Each vertex in the supply chain graph is an independent agent that, based on its own inventory, able to place replenishment orders to the vertex upstream. The warehouse agent, aside from placing orders from the supplier, has the special property of also being able to constrain replenishment to stores downstream, which results in it learning an additional allocation sub-policy. We achieve a system that outperforms standard inventory control policies such as a base-stock policy and other RL-based specifications for 1 product, and lay out a future direction of work for multiple products.
Contrastive language and vision learning of general fashion concepts
Chia, Patrick John, Attanasio, Giuseppe, Bianchi, Federico, Terragni, Silvia, Magalhรฃes, Ana Rita, Goncalves, Diogo, Greco, Ciro, Tagliabue, Jacopo
The model is trained on over 700k The extraordinary growth of online retail - as < image, text > pairs from the inventory of of 2020, 4 trillion dollars per year (Cramer-Flood, Farfetch, one of the largest fashion luxury retailer 2020) - had a profound impact on the fashion industry, in the world, and is applied to use cases with 1 out of 4 transactions now happening online known to be crucial in a vast global market; (McKinsey, 2019). The combination of large amounts of data and variety of use cases supported 2. we evaluate FashionCLIP in a variety of by growing investments has made e-commerce fertile tasks, showing that fine-tuning helps capture for the application of cutting-edge machine domain-specific concepts and generalize them learning models, with NLP involved in recommendations in zero-shot scenarios; we supplement quantitative (de Souza Pereira Moreira et al., 2019; Guo tests with qualitative analyses, and et al., 2020; Goncalves et al., 2021), information offer preliminary insights of how concepts retrieval (IR) (Ai and Narayanan.R, 2021), product grounded in a visual space unlock linguistic
The Metaverse: Survey, Trends, Novel Pipeline Ecosystem & Future Directions
Sami, Hani, Hammoud, Ahmad, Arafeh, Mouhamad, Wazzeh, Mohamad, Arisdakessian, Sarhad, Chahoud, Mario, Wehbi, Osama, Ajaj, Mohamad, Mourad, Azzam, Otrok, Hadi, Wahab, Omar Abdel, Mizouni, Rabeb, Bentahar, Jamal, Talhi, Chamseddine, Dziong, Zbigniew, Damiani, Ernesto, Guizani, Mohsen
The Metaverse offers a second world beyond reality, where boundaries are non-existent, and possibilities are endless through engagement and immersive experiences using the virtual reality (VR) technology. Many disciplines can benefit from the advancement of the Metaverse when accurately developed, including the fields of technology, gaming, education, art, and culture. Nevertheless, developing the Metaverse environment to its full potential is an ambiguous task that needs proper guidance and directions. Existing surveys on the Metaverse focus only on a specific aspect and discipline of the Metaverse and lack a holistic view of the entire process. To this end, a more holistic, multi-disciplinary, in-depth, and academic and industry-oriented review is required to provide a thorough study of the Metaverse development pipeline. To address these issues, we present in this survey a novel multi-layered pipeline ecosystem composed of (1) the Metaverse computing, networking, communications and hardware infrastructure, (2) environment digitization, and (3) user interactions. For every layer, we discuss the components that detail the steps of its development. Also, for each of these components, we examine the impact of a set of enabling technologies and empowering domains (e.g., Artificial Intelligence, Security & Privacy, Blockchain, Business, Ethics, and Social) on its advancement. In addition, we explain the importance of these technologies to support decentralization, interoperability, user experiences, interactions, and monetization. Our presented study highlights the existing challenges for each component, followed by research directions and potential solutions. To the best of our knowledge, this survey is the most comprehensive and allows users, scholars, and entrepreneurs to get an in-depth understanding of the Metaverse ecosystem to find their opportunities and potentials for contribution.
Connect Amazon EMR and RStudio on Amazon SageMaker
RStudio on Amazon SageMaker is the industry's first fully managed RStudio Workbench integrated development environment (IDE) in the cloud. You can quickly launch the familiar RStudio IDE and dial up and down the underlying compute resources without interrupting your work, making it easy to build machine learning (ML) and analytics solutions in R at scale. In conjunction with tools like RStudio on SageMaker, users are analyzing, transforming, and preparing large amounts of data as part of the data science and ML workflow. Data scientists and data engineers use Apache Spark, Hive, and Presto running on Amazon EMR for large-scale data processing. Using RStudio on SageMaker and Amazon EMR together, you can continue to use the RStudio IDE for analysis and development, while using Amazon EMR managed clusters for larger data processing.
Funnycontrol
A headline in this publication read "Apple's Delhi store is significantly smaller than Mumbai outlet". Many men from Delhi took to the internet challenging their counterparts in Mumbai to show the size of their outlets. Mercifully, the new IT law proposed by the government should help to prevent the spread of any fake news in this regard. Apple will pay a rent of around Rs 40 lakh a month for its second retail store in Delhi. Landlords in Bengaluru have used this as an excuse to hike their rents further.
Announcing New Tools for Building with Generative AI on AWS
The seeds of a machine learning (ML) paradigm shift have existed for decades, but with the ready availability of scalable compute capacity, a massive proliferation of data, and the rapid advancement of ML technologies, customers across industries are transforming their businesses. Just recently, generative AI applications like ChatGPT have captured widespread attention and imagination. We are truly at an exciting inflection point in the widespread adoption of ML, and we believe most customer experiences and applications will be reinvented with generative AI. AI and ML have been a focus for Amazon for over 20 years, and many of the capabilities customers use with Amazon are driven by ML. Our e-commerce recommendations engine is driven by ML; the paths that optimize robotic picking routes in our fulfillment centers are driven by ML; and our supply chain, forecasting, and capacity planning are informed by ML. Prime Air (our drones) and the computer vision technology in Amazon Go (our physical retail experience that lets consumers select items off a shelf and leave the store without having to formally check out) use deep learning.
How Accenture is using Amazon CodeWhisperer to improve developer productivity
In the following sections, we discuss some of the ways that the Accenture Velocity team has been using CodeWhisperer in more detail. CodeWhisperer helps developers unfamiliar with AWS to ramp up faster on projects that use AWS services. New developers in Accenture were able to write code for AWS services such as Amazon Simple Storage Service (Amazon S3) and Amazon DynamoDB. In a short amount of time, they were able to be productive and contribute to the project. CodeWhisperer assisted developers by providing code blocks or line-by-line suggestions.
Walmart chases higher profits powered by warehouse robots and automated claws
At first glance, this warehouse looks like many: Forklifts unload pallets from the back of dozens of tractor-trailers. Store-bound merchandise gets sorted by department and store aisle before getting stacked high like an elaborate game of Tetris. Tasks are powered by giant automated claws and rolling robots, instead of people. The driver's seats on the forklifts are empty. Welcome to the future of Walmart.
Build Streamlit apps in Amazon SageMaker Studio
Developing web interfaces to interact with a machine learning (ML) model is a tedious task. With Streamlit, developing demo applications for your ML solution is easy. Streamlit is an open-source Python library that makes it easy to create and share web apps for ML and data science. As a data scientist, you may want to showcase your findings for a dataset, or deploy a trained model. Streamlit applications are useful for presenting progress on a project to your team, gaining and sharing insights to your managers, and even getting feedback from customers.