Retail
How Artificial Intelligence Is Driving Growth At H&M
H&M Group is leveraging AI to achieve a climate positive value chain by 2040. The clothing retailer uses AI-driven demand prediction to optimise the supply chain, said Linda Leopold, head of AI at H&M. Two hundred plus data scientists are working at H&M to understand purchasing patterns and trends across its stores. The company uses big data to analyse customer needs at a local level. The team has built algorithms to analyse store receipts, returns in the store, and loyalty-card data to study customer demands.
Detect defects and augment predictions using Amazon Lookout for Vision and Amazon A2I
With machine learning (ML), more powerful technologies have become available that can automate the task of detecting visual anomalies in a product. However, implementing such ML solutions is time-consuming and expensive because it involves managing and setting up complex infrastructure and having the right ML skills. Furthermore, ML applications need human oversight to ensure accuracy with anomaly detection, help provide continuous improvements, and retrain models with updated predictions. However, you're often forced to choose between an ML-only or human-only system. Companies are looking for the best of both worlds, integrating ML systems into your workflow while keeping a human eye on the results to achieve higher precision.
What is Metrical, Really? - Metrical
In auto racing, a fast start is great, but endurance wins the race. As things inevitably go wrong during the race, the teams who win are those that can analyze and interpret all the data the car is sending back from the car and the pit and then make the right decisions. The winning team is the one proactively anticipating problems before they occur โ making real-time adjustments to tip the scales in their favor. E-commerce is much the same. Online retailers cannot afford to leave things to chance.
Best Buy's 'Black Friday in July' sale knocks hundreds off OLED TVs from Sony, LG
While it's a bit early to be thinking about the holidays, retailers jump on the opportunity to remind us that we're six months out from the festivities. Black Friday in July sales have been ongoing this month, but Best Buy's just began and will run through this weekend. A plethora of gadgets have been discounted across the site, but there are a number of sales on TVs that are worth highlighting. Best Buy slashed hundreds off TVs big and small, including some of the latest OLED sets from LG, Sony and Samsung. Amazon's matching many of the deals, too, so you have options when it comes to where you spend your money. Here are the best smart TV deals we found in Best Buy's Black Friday in July sale.
Automate annotation of image training data with Amazon Rekognition
Every machine learning (ML) model demands data to train it. If your model isn't predicting Titanic survival or iris species, then acquiring a dataset might be one of the most time-consuming parts of your model-building process--second only to data cleaning. What data cleaning looks like varies from dataset to dataset. For example, the following is a set of images tagged robin that you might want to use to train an image recognition model on bird species. That nest might count as dirty data, and some model applications may make it inappropriate to include American and European robins in the same category, but this seems pretty good so far.
Digital Bias: The New Frontier for Retail Inclusivity
For years, retailers have been trying to mitigate the effects of inherent bias or unintended discrimination in their physical shopping experiences. And while no one would claim the problem has been solved entirely, many retailers are now taking steps to make sure their customers aren't profiled by the way they look, who they're with, or how they dress or act when they walk into a store. But with shopping becoming an increasingly digital experience, retailers must confront a new and perhaps more unfamiliar challenge: digital bias. Instead of combatting prejudice or unconscious bias among frontline workers, retailers must now look to eliminate bias in their own data, in the related algorithms, and the use of these in their digital practices. This is a growing issue. More and more shopping is moving online, a trend that was supercharged by the massive digital acceleration seen during the pandemic.
Instacart Forays Into Warehouses in Food Delivery Market
In such fulfillment centers, the company will use robots to pull items from warehouses and have Instacart's workers pack and deliver orders. Instacart currently deploys shoppers who grab products from grocery stores and drop them off at people's homes. The company didn't say how many centers it will build, where they will be or how much it will invest. Warehouses, which will be automated, are expected to speed up the delivery process, the company said. San Francisco-based Instacart has grown sharply during the pandemic, as more consumers shifted their shopping online.
Machine Learning Design Patterns: Solutions to Common Challenges in Data Preparation, Model Building, and MLOps: Lakshmanan, Valliappa, Robinson, Sara, Munn, Michael: 9781098115784: Amazon.com: Books
In engineering disciplines, design patterns capture best practices and solutions to commonly occurring problems. They codify the knowledge and experience of experts into advice that all practitioners can follow. This book is a catalog of machine learning design patterns that we have observed in the course of working with hundreds of machine learning teams. Who Is This Book For? Introductory machine learning books usually focus on the what and how of machine learning (ML). They then explain the mathematical aspects of new methods from AI research labs and teach how to use AI frameworks to implement these methods.
Online Retail Ads on AdWords
As an online or physical retail company, your goal is to sell as many products as possible to the public. While traditional advertising methods would have you putting leaflets through doors, the modern marketing approach is all about online ads. Currently, Google Ads is one of the biggest online advertising platforms. However, Google isn't the easiest advertising platform to understand and implement. Especially for those new to the marketing niche, you might be confused by the many different options.
Simplify data annotation and model training tasks with Amazon Rekognition Custom Labels
For a supervised machine learning (ML) problem, labels are values expected to be learned and predicted by a model. To obtain accurate labels, ML practitioners can either record them in real time or conduct offline data annotation, which are activities that assign labels to the dataset based on human intelligence. However, manual dataset annotation can be tedious and tiring for a human, especially on a large dataset. Even with labels that are obvious to a human to annotate, the process can still be error-prone due to fatigue. As a result, building training datasets takes up to 80% of a data scientist's time.