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Facial Recognition Use Cases in Retail

#artificialintelligence

You can get the most significant demographic statistics about your clients and fix the ideal product placements with facial recognition technologies. When the device detects a customer, the merchant can examine their activity in the store by tracking their movements. Businesses can use facial recognition can be used to provide tailored, contextual experiences across digital and physical channels for customers. According to Verified Market Research, Facial Recognition Market is projected to reach USD 10.2 Billion by 2028. Facial recognition is slowly making its way into our lives.


Lenovo's Smart Clock Essential with Alexa falls to a new low of $45

Engadget

Lenovo launched a new smart clock at CES earlier this year, and it improved upon its previous models by giving it a pogo docking pin at the bottom and support for Amazon's Alexa. If you've been thinking of picking it up but haven't gotten the chance to until now, you may want to head over to the device's listing at Best Buy. Lenovo's Smart Clock Essential with Alexa is currently on sale for $45 on the retailer's website only for today -- there's less than 20 hours left for the deal as of this writing. The Smart Clock Essential with Alexa retains the brand's Smart Clock 2 cloth design. While its predecessors only supported Google Assistant, though, this model only supports the Alexa voice assistant.


Optimal reconciliation with immutable forecasts

arXiv.org Machine Learning

The practical importance of coherent forecasts in hierarchical forecasting has inspired many studies on forecast reconciliation. Under this approach, so-called base forecasts are produced for every series in the hierarchy and are subsequently adjusted to be coherent in a second reconciliation step. Reconciliation methods have been shown to improve forecast accuracy, but will, in general, adjust the base forecast of every series. However, in an operational context, it is sometimes necessary or beneficial to keep forecasts of some variables unchanged after forecast reconciliation. In this paper, we formulate reconciliation methodology that keeps forecasts of a pre-specified subset of variables unchanged or "immutable". In contrast to existing approaches, these immutable forecasts need not all come from the same level of a hierarchy, and our method can also be applied to grouped hierarchies. We prove that our approach preserves unbiasedness in base forecasts. Our method can also account for correlations between base forecasting errors and ensure non-negativity of forecasts. We also perform empirical experiments, including an application to sales of a large scale online retailer, to assess the impacts of our proposed methodology.


AI Optimization Increases Amazon Sales

#artificialintelligence

Even pre-pandemic, Amazon was an ecommerce giant like no other. You could find practically anything on the platform and have it delivered straight to your door. Cut to a nearly-post-pandemic reality, and Amazon has become bigger and more competitive than ever. FBA sellers are rapidly multiplying, and as the competition gets fiercer, standing out becomes far more difficult. In the world of marketing and advertising, artificial intelligence has been thriving as well.


Why Should We Ever Send Humans to Mars?

Slate

Slate has relationships with various online retailers. If you buy something through our links, Slate may earn an affiliate commission. We update links when possible, but note that deals can expire and all prices are subject to change. All prices were up to date at the time of publication. Adapted from The End of Astronauts: Why Robots Are the Future of Exploration by Donald Goldsmith and Martin Rees, published by the Belknap Press of Harvard University Press.


Visual Search AI for Smart Product Discovery

#artificialintelligence

It's a Friday night, the week's over, and you're curled up on the couch watching your favorite episode of "Haunted Golf Courses" when you notice that one of the characters is wearing a shirt you just really, really like. Without missing a beat or even pausing the show, you lift up your phone, snap a quick photo, and within seconds that same shirt's product page is on your phone. You see that the price is reasonable, and you really just want to grab it and return to watching your strange, niche TV show. You click "buy," select 2-day shipping, and return to watching the ghosts inhabiting the 4th hole at Boulder Creek. Shopping had been the last thing on your mind, and yet you just bought a product identified only by an image on another screen.


The professionals and cons of Starship robots delivering your orders - Channel969

#artificialintelligence

Starship is a robotic supply firm that makes use of autonomous know-how to have cute tiny robots ship groceries and different gadgets straight to your door. The corporate has grown considerably through the years, and it remodeled 3 million deliveries to this date. On this article, we'll take a more in-depth take a look at my expertise utilizing the supply robots within the UK and focus on their affect on society. Earlier than we get to the main points and describe the benefits and downsides of utilizing such an autonomous robotic supply service, we should perceive how the corporate works and how much deliveries it does day by day. Starship is a supply firm that makes use of autonomous robots to ship items straight to your door.


What customers (and owners) love about 10 L.A. bookstores

Los Angeles Times

This story is part of Lit City, our comprehensive guide to the literary geography of Los Angeles. Bookstores are wide open again -- the booksellers busy selling, the customers browsing and the house cats doing their thing. In March, staff writers Dorany Pineda and Christi Carras visited 10 shops around town with a photographer in tow -- from a romance bookshop in Culver City and a Black-owned store at the Westfield mall to the Central Library and establishments serving cookbook obsessives, design geeks and others. In the gallery below, customers, employees and owners talk about their favorite shops, books and reading nooks and share what they love about bookish Los Angeles. "Not all romance even has sex, but most of the books that we sell do, and we're trying to promote a very positive environment where it's something that's talked about openly and without judgment, and where there's a real variety represented -- obviously with gender and sexuality," said Leah Koch, co-owner of the Ripped Bodice.


Amazon '30 minute deliveries' delayed after drone crash sparks forest fire

#artificialintelligence

THE TIMELINE for Amazon's flying delivery service has been pushed back after one drone caused a brush fire. Jeff Bezos, Amazon founder and CEO, has long been vocal about his plan for creating a fleet of drones to deliver Prime packages in 30 minutes. However, despite spending more than $2 billion on the project, Amazon is still not in a place to launch the planned delivery system. In fact, a Bloomberg investigation found that the service is plagued by technical challenges and safety concerns. Furthermore, drones have crashed in test runs, and have even been the cause of a brush fire that spanned 25 acres. Reports found that last year, five delivery drones crashed at Amazon's test site in Oregon, with one causing the fire.


Facial Recognition In Retail -- Digital Innovation -- Tech Journal

#artificialintelligence

The covid-19 implications coupled with customer expectations have raised the need to go digital. As a result, retail stores have become experience centers than just store outlets in the digital transformation era. To provide an engaging customer experience and boost the marketing strategy, facial recognition has brought a whole new level of advancement in AI technologies. The Allied Market Research Report states that the "facial recognition market will reach $16.74 billion by 2030." And don't you find it fascinating if shoppers pay the bill at check-out by just representing a face, not any card or wallet?