Retail
'Killer robots' and AI's 'dirty little secret'
It was a busy weekend at the local supermarket, and lines were forming at checkout. Around a half-dozen people lined up at the automated checkout registers when I noticed there was no line at the checkout where a human cashier was waiting. When a customer approached the checkout area, they scanned the options and decided to wait in line for the automated checkout instead of walking right up to the cashier with no wait. I could not resist asking the customer why they chose to wait for a machine instead of getting immediate service from a human. Their response carries an important message for the future of artificial intelligence (AI) and the robots it enables: "I don't want them (the human cashier) looking at everything that I'm buying, and I don't care for their opinions of what I'm getting."
Amazon.com: AWS Certified Machine Learning Specialty (MLS-C01) Practice Exams: 3 Practice Exams, Data Engineering, Exploratory Data Analysis, Modeling, Machine Learning Implementation and Operations, NLP: 9798373003322: Noumen, Etienne
Welcome to AWS Certification Machine Learning Specialty (MLS-C01) Practice Exams! This book is designed to help you prepare for the AWS Certified Machine Learning - Specialty (MLS-C01) exam and earn your AWS certification. The AWS Certified Machine Learning - Specialty (MLS-C01) exam is designed for individuals who have a strong understanding of machine learning concepts and techniques, and who can design, build, and deploy machine learning models on the AWS platform. In this book, you will find a series of practice exams that are designed to mimic the format and content of the actual MLS-C01 exam. Each practice exam includes a set of multiple choice and multiple response questions that cover a range of topics, including machine learning concepts, techniques, and algorithms, as well as the AWS services and tools used to build and deploy machine learning models.
Online Fake Review Detection Using Supervised Machine Learning And BERT Model
Mir, Abrar Qadir, Khan, Furqan Yaqub, Chishti, Mohammad Ahsan
Online shopping stores have grown steadily over the past few years. Due to the massive growth of these businesses, the detection of fake reviews has attracted attention. Fake reviews are seriously trying to mislead customers and thereby undermine the honesty and authenticity of online shopping environments. So far, various fake review classifiers have been proposed that take into account the actual content of the review. To improve the accuracies of existing fake review classification or detection approaches, we propose to use BERT (Bidirectional Encoder Representation from Transformers) model to extract word embeddings from texts (i.e. reviews). Word embeddings are obtained in various basic methods such as SVM (Support vector machine), Random Forests, Naive Bayes, and others. The confusion matrix method was also taken into account to evaluate and graphically represent the results. The results indicate that the SVM classifiers outperform the others in terms of accuracy and f1-score with an accuracy of 87.81%, which is 7.6% higher than the classifier used in the previous study [5].
How AI and Data Are Transforming the Retail Industry - Acceleration Economy
To some extent, I feel bad for the retail industry. They seem to be hit first and hardest by the tribulations and changes our world faces: pandemics, supply chain disruptions, geopolitical conflicts, rapidly shifting consumer demands, emerging social platforms, new distribution channels, endless opportunities in digital, and so on. These challenges, combined with thin margins and complex operations, makes retail one of the toughest industries to succeed in. Some questions that are top of mind include, How can you know if the changes you're making are delivering the value you expect? How do you tie together digital and physical channels?
Maximizing Your Business with the Latest AI and Machine Learning Techniques
Artificial intelligence (AI) and machine learning (ML) are transforming industries across the board, and businesses that leverage these technologies are poised for success. By automating tasks, analyzing large amounts of data, and optimizing processes, AI and ML can help businesses increase efficiency, reduce costs, and make better data-driven decisions. But with so many AI and ML tools and techniques available, it can be overwhelming for businesses to know where to start. In this article, we'll explore some of the latest and most impactful AI and ML techniques for maximizing your business. NLP is a subfield of AI that deals with the interaction between computers and human languages.
Connecting Amazon Redshift and RStudio on Amazon SageMaker
Last year, we announced the general availability of RStudio on Amazon SageMaker, 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. Many of the RStudio on SageMaker users are also users of Amazon Redshift, a fully managed, petabyte-scale, massively parallel data warehouse for data storage and analytical workloads. It makes it fast, simple, and cost-effective to analyze all your data using standard SQL and your existing business intelligence (BI) tools. The use of RStudio on SageMaker and Amazon Redshift can be helpful for efficiently performing analysis on large data sets in the cloud.
Machine Learning to Estimate Gross Loss of Jewelry for Wax Patterns
Jain, Mihir, Jain, Kashish, Mane, Sandip
In mass manufacturing of jewellery, the gross loss is estimated before manufacturing to calculate the wax weight of the pattern that would be investment casted to make multiple identical pieces of jewellery. Machine learning is a technology that is a part of AI which helps create a model with decision-making capabilities based on a large set of user-defined data. In this paper, the authors found a way to use Machine Learning in the jewellery industry to estimate this crucial Gross Loss. Choosing a small data set of manufactured rings and via regression analysis, it was found out that there is a potential of reducing the error in estimation from +-2-3 to +-0.5 using ML Algorithms from historic data and attributes collected from the CAD file during the design phase itself. To evaluate the approach's viability, additional study must be undertaken with a larger data set.
Playing hide and seek: tackling in-store picking operations while improving customer experience
Neves-Moreira, Fรกbio, Amorim, Pedro
The evolution of the retail business presents new challenges and raises pivotal questions on how to reinvent stores and supply chains to meet the growing demand of the online channel. One of the recent measures adopted by omnichannel retailers is to address the growth of online sales using in-store picking, which allows serving online orders using existing assets. However, it comes with the downside of harming the offline customer experience. To achieve picking policies adapted to the dynamic customer flows of a retail store, we formalize a new problem called Dynamic In-store Picker Routing Problem (diPRP). In this relevant problem - diPRP - a picker tries to pick online orders while minimizing customer encounters. We model the problem as a Markov Decision Process (MDP) and solve it using a hybrid solution approach comprising mathematical programming and reinforcement learning components. Computational experiments on synthetic instances suggest that the algorithm converges to efficient policies. Furthermore, we apply our approach in the context of a large European retailer to assess the results of the proposed policies regarding the number of orders picked and customers encountered. Our work suggests that retailers should be able to scale the in-store picking of online orders without jeopardizing the experience of offline customers. The policies learned using the proposed solution approach reduced the number of customer encounters by more than 50% when compared to policies solely focused on picking orders. Thus, to pursue omnichannel strategies that adequately trade-off operational efficiency and customer experience, retailers cannot rely on actual simplistic picking strategies, such as choosing the shortest possible route.
Introduction to Multi-Armed Bandit Problems - KDnuggets
A multi-armed bandit (MAB) is a machine learning framework that uses complex algorithms to dynamically allocate resources when presented with multiple choices. In other words, it's an advanced form of A/B testing that's most commonly used by data analysts, medicine researchers, and marketing specialists. Before we delve deeper into the concept of multi-armed bandits, we need to discuss reinforcement learning, as well as the exploration vs. exploitation dilemma. Then, we can focus on various bandit solutions and practical applications. Alongside supervised and unsupervised learning, reinforcement learning is one of the basic three paradigms of machine learning. Unlike the first two archetypes we mentioned, reinforcement learning focuses on rewards and punishments for the agent whenever it interacts with the environment.
Product Ranking for Revenue Maximization with Multiple Purchases
Xu, Renzhe, Zhang, Xingxuan, Li, Bo, Zhang, Yafeng, Chen, Xiaolong, Cui, Peng
Product ranking is the core problem for revenue-maximizing online retailers. To design proper product ranking algorithms, various consumer choice models are proposed to characterize the consumers' behaviors when they are provided with a list of products. However, existing works assume that each consumer purchases at most one product or will keep viewing the product list after purchasing a product, which does not agree with the common practice in real scenarios. In this paper, we assume that each consumer can purchase multiple products at will. To model consumers' willingness to view and purchase, we set a random attention span and purchase budget, which determines the maximal amount of products that he/she views and purchases, respectively. Under this setting, we first design an optimal ranking policy when the online retailer can precisely model consumers' behaviors. Based on the policy, we further develop the Multiple-Purchase-with-Budget UCB (MPB-UCB) algorithms with $\~O(\sqrt{T})$ regret that estimate consumers' behaviors and maximize revenue simultaneously in online settings. Experiments on both synthetic and semi-synthetic datasets prove the effectiveness of the proposed algorithms.