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Demand forecasting: Using machine learning to predict retail sales

#artificialintelligence

Too many items and too few items are both scenarios that are bad for business. Massive incremental profit can be unlocked by retailers managing orders and inventory effectively. But as this requires the processing of data for a huge number of stock keeping units (SKUs), which often include perishable goods and items that are ordered daily, it is also a significant challenge. Retailers used to rely solely on the data from previous years to predict future sales (and therefore manage their inventory), but this method is only useful up to a point. However, machine learning has now evolved to the stage that it can provide accurate predictive models using different signals based on how they influence purchases.


Run your TensorFlow job on Amazon SageMaker with a PyCharm IDE

#artificialintelligence

As more machine learning (ML) workloads go into production, many organizations must bring ML workloads to market quickly and increase productivity in the ML model development lifecycle. However, the ML model development lifecycle is significantly different from an application development lifecycle. This is due in part to the amount of experimentation required before finalizing a version of a model. Amazon SageMaker, a fully managed ML service, enables organizations to put ML ideas into production faster and improve data scientist productivity by up to 10 times. Your team can quickly and easily train and tune models, move back and forth between steps to adjust experiments, compare results, and deploy models to production-ready environments.


Enghouse EspialTV enables TV accessibility with Amazon Polly

#artificialintelligence

This is a guest post by Mick McCluskey, the VP of Product Management at Enghouse EspialTV. Enghouse provides software solutions that power digital transformation for communications service operators. EspialTV is an Enghouse SaaS solution that transforms the delivery of TV services for these operators across Set Top Boxes (STBs), media players, and mobile devices. A large audience of consumers use TV services, and several of these groups may have disabilities that make it more difficult for them to access these services. To ensure that TV services are accessible to the broadest possible audience, we need to consider accessibility as a key element of the user experience (UX) for the service.


Detect anomalies in operational metrics using Dynatrace and Amazon Lookout for Metrics

#artificialintelligence

Organizations of all sizes and across all industries gather and analyze metrics or key performance indicators (KPIs) to help their businesses run effectively and efficiently. Operational metrics are used to evaluate performance, compare results, and track relevant data to improve business outcomes. For example, you can use operational metrics to determine application performance (the average time it takes to render a page for an end user) or application availability (the duration of time the application was operational). One challenge that most organizations face today is detecting anomalies in operational metrics, which are key in ensuring continuity of IT system operations. Traditional rule-based methods are manual and look for data that falls outside of numerical ranges that have been arbitrarily defined.


Why artificial intelligence is being used to write adverts

#artificialintelligence

What springs to mind when you think of advertising? Or perhaps trendy people swapping catch phrases in a converted warehouse?' Well, more of the creative work these days is not being done by humans at all. When Dixons Carphone wanted to push shoppers towards its Black Friday sale, the company turned to Artificial Intelligence (AI) software and got the winning line "The time is now". Saul Lopes, head of customer marketing at Dixons Carphone, thinks it worked because it didn't have the words Black Friday in it.


The Algorithm Design Manual (Texts in Computer Science): Skiena, Steven S.: 9783030542559: Amazon.com: Books

#artificialintelligence

My absolute favorite for this kind of interview preparation is Steven Skiena's The Algorithm Design Manual. More than any other book it helped me understand just how astonishingly commonplace graph problems are -- they should be part of every working programmer's toolkit. The book also covers basic data structures and sorting algorithms, which is a nice bonus. Every 1 – pager has a simple picture, making it easy to remember.


Why artificial intelligence is being used to write adverts

#artificialintelligence

Mr Lopes knows that in an age of information overload consumers are becoming harder to reach as online sales patter diminishes their appetite for any message. As Phrasee comes armed with a terrific linguistic arsenal and is divorced from the individual points of view that shape the words of human copywriters he thinks it suits our jaded eyes.


Transforming Retail Industry with AI-Based Personalized Customer Experience

#artificialintelligence

Retaining customers purely depends on the relationship a retailer has with its visitors. Providing appealing offers and personalized discounts may be one of the parameters in strengthening the relationship. However, the majority of customer relationships happen with after-sales services. How well a retailer provides maintenance of the product? And, How quickly the customer receives support from the retailer? Nevertheless, the major challenge associated with customer relationships is the retailers' lack of maintenance and support.


Practical Machine Learning for Computer Vision: End-to-End Machine Learning for Images: Lakshmanan, Valliappa, Görner, Martin, Gillard, Ryan: 9781098102364: Amazon.com: Books

#artificialintelligence

Machine learning on images is revolutionizing healthcare, manufacturing, retail, and many other sectors. Many previously difficult problems can now be solved by training machine learning (ML) models to identify objects in images. Our aim in this book is to provide intuitive explanations of the ML architectures that underpin this fast-advancing field, and to provide practical code to employ these ML models to solve problems involving classification, measurement, detection, segmentation, representation, generation, counting, and more. Image classification is the "hello world" of deep learning. Therefore, this book also provides a practical end-to-end introduction to deep learning. It can serve as a stepping stone to other deep learning domains, such as natural language processing.


A variational Bayesian spatial interaction model for estimating revenue and demand at business facilities

arXiv.org Machine Learning

We study the problem of estimating potential revenue or demand at business facilities and understanding its generating mechanism. This problem arises in different fields such as operation research or urban science, and more generally, it is crucial for businesses' planning and decision making. We develop a Bayesian spatial interaction model, henceforth BSIM, which provides probabilistic predictions about revenues generated by a particular business location provided their features and the potential customers' characteristics in a given region. BSIM explicitly accounts for the competition among the competitive facilities through a probability value determined by evaluating a store-specific Gaussian distribution at a given customer location. We propose a scalable variational inference framework that, while being significantly faster than competing Markov Chain Monte Carlo inference schemes, exhibits comparable performances in terms of parameters identification and uncertainty quantification. We demonstrate the benefits of BSIM in various synthetic settings characterised by an increasing number of stores and customers. Finally, we construct a real-world, large spatial dataset for pub activities in London, UK, which includes over 1,500 pubs and 150,000 customer regions. We demonstrate how BSIM outperforms competing approaches on this large dataset in terms of prediction performances while providing results that are both interpretable and consistent with related indicators observed for the London region.