Retail
How causal machine learning can leverage marketing strategies: Assessing and improving the performance of a coupon campaign
Langen, Henrika, Huber, Martin
We apply causal machine learning algorithms to assess the causal effect of a marketing intervention, namely a coupon campaign, on the sales of a retailer. Besides assessing the average impacts of different types of coupons, we also investigate the heterogeneity of causal effects across different subgroups of customers, e.g., between clients with relatively high vs. low prior purchases. Finally, we use optimal policy learning to determine (in a data-driven way) which customer groups should be targeted by the coupon campaign in order to maximize the marketing intervention's effectiveness in terms of sales. We find that only two out of the five coupon categories examined, namely coupons applicable to the product categories of drugstore items and other food, have a statistically significant positive effect on retailer sales. The assessment of group average treatment effects reveals substantial differences in the impact of coupon provision across customer groups, particularly across customer groups as defined by prior purchases at the store, with drugstore coupons being particularly effective among customers with high prior purchases and other food coupons among customers with low prior purchases. Our study provides a use case for the application of causal machine learning in business analytics to evaluate the causal impact of specific firm policies (like marketing campaigns) for decision support.
Practical Deep Learning: A Python-Based Introduction: Kneusel, Ronald T.: 9781718500747: Books: Amazon.com
My infatuation with computers began with an Apple II in 1981. I've been active in machine learning since 2003, and deep learning since before AlexNet was a thing. My background includes a Ph.D. in computer science from the University of Colorado, Boulder (deep learning), and an M.S. in physics from Michigan State University. By day, I work in industry building deep learning systems. By night, I type away on my keyboard generating the books you see here.
Meet Dall-E Mini, the Viral AI Image Tool Fueling Twitter's Nightmares
On the internet, nightmare fuel just about everywhere you look. The latest source: Dall-E Mini, an AI tool capturing attention on social media thanks to the weird, funny and occasionally disturbing images it creates out of text prompts. Dall-E Mini lets you type a short phrase describing an image, one that theoretically exists only in the deep recesses of your soul, and within a few seconds, the algorithm will manifest that image onto your screen. Odds are you've seen some Dall-E Mini images popping up in your social media feeds as people think of the wildest prompts they can -- perhaps it's Jon Hamm eating ham, or Yoda robbing a convenience store. This isn't the first time art and artificial intelligence have captured the internet's attention. There's a certain appeal to seeing how an algorithm tackles something as subjective as art.
Dall-E Mini: Everything to Know About the Strange AI Art Creator
On the internet, nightmare fuel is common place. The latest source: Dall-E Mini, an AI tool capturing attention on social media thanks to the weird, funny and occasionally disturbing images it creates out of text prompts. Dall-E Mini lets you type a short phrase describing an image, one that theoretically exists only in the deep recesses of your soul, and within a few seconds, the algorithm will manifest that image onto your screen. Odds are you've seen some Dall-E Mini images popping up in your social media feeds as people think of the wildest prompts they can -- perhaps it's Jon Hamm eating ham, or Yoda robbing a convenience store. This isn't the first time art and artificial intelligence have captured the internet's attention. There's a certain appeal to seeing how an algorithm tackles something as subjective as art.
Karkidi on LinkedIn: Dream of becoming a MAANG Engineer
Apply now at Tiffany & Co. is hiring for an Internship, Data Science Job Required: - Strong statistical knowledge - Excellent communication skills - Completed or pursuing a degree in data science, business analytics or another similar field - Self-driven/autonomous Preferred: - Experience with different Machine Learning methods (relevant coursework is acceptable) - Proficiency in Python or R (to support Machine Learning) - Data visualization experience (ex: PBI, Tableau) - Project management experience (relevant coursework is acceptable) https://lnkd.in/dvDMBeus
Prepare data faster with PySpark and Altair code snippets in Amazon SageMaker Data Wrangler
Amazon SageMaker Data Wrangler is a purpose-built data aggregation and preparation tool for machine learning (ML). It allows you to use a visual interface to access data and perform exploratory data analysis (EDA) and feature engineering. The EDA feature comes with built-in data analysis capabilities for charts (such as scatter plot or histogram) and time-saving model analysis capabilities such as feature importance, target leakage, and model explainability. The feature engineering capability has over 300 built-in transforms and can perform custom transformations using either Python, PySpark, or Spark SQL runtime. For custom visualizations and transforms, Data Wrangler now provides example code snippets for common types of visualizations and transforms.
Demystifying machine learning at the edge through real use cases
Edge is a term that refers to a location, far from the cloud or a big data center, where you have a computer device (edge device) capable of running (edge) applications. Edge computing is the act of running workloads on these edge devices. Machine learning at the edge (ML@Edge) is a concept that brings the capability of running ML models locally to edge devices. These ML models can then be invoked by the edge application. ML@Edge is important for many scenarios where raw data is collected from sources far from the cloud. Although ML@Edge can address many use cases, there are complex architectural challenges that need to be solved in order to have a secure, robust, and reliable design.
What does the future of shopping with AI look like?
The retail experience is evolving with artificial intelligence (AI) changing how items can be bought and sold. Inventory robots can automatically restock shelves and sensors can track customer traffic patterns to identify optimum store layout. Opportunities for cross-selling and digital signage can be edited for specific audiences, providing up-to-the-minute information to motivate consumers, such as alerting them to when stocks are running low. Augmented reality (AR) is also enhancing the retail experience. In homeware, a consumer can upload an image of their room and redecorate it using AR to view different colour schemes and choose suitable accessories, suggested by computers.
Amazon's Prime Air service will begin making drone deliveries in California this year
In 2013, former Amazon CEO Jeff Bezos announced the company was working on 30-minute drone deliveries. At the time, Bezos said the service wouldn't launch until 2015 at the very earliest. Now, nearly a decade later after that first reveal, Amazon says its Prime Air service is nearly ready. Starting later this year, the company will begin making drone deliveries in Lockeford, California, Amazon announced in a blog post spotted by The Verge. The pilot program will see the company's UAVs carry "thousands" of different items directly to the backyards of Amazon customers in the area.