Retail
Our readers love the Fire TV Stick—is it right for you?
Here at Reviewed, we make a pretty big fuss about media streaming devices: which ones are the best for which people, and why? While we think the other streamers are great (and in some cases better choices), our readers maintain a lot of loyalty to the Amazon Fire TV Stick. Available at a very affordable $40 price point, the Fire TV Stick (and Fire TV Stick 4K) maintain best-seller status month after month, especially when they receive big discounts during events like Prime Day. If you've been thinking about picking up a media streaming device and you've been wondering which streaming device is the best, you might want to consider the Amazon Fire TV Stick. One of the best reasons to spring for either the Amazon Fire TV Stick or Amazon Fire TV Stick 4K is to use Alexa, Amazon's voice assistant, which is built right into the remote on both of the most recent models. If you're already familiar with Alexa, this is a great way to integrate your TV with that ecosystem to a degree.
GUEST COMMENT How artificial intelligence is transforming the retail sector
The use of artificial intelligence (AI) in the retail sector is nothing new. Retailers have long used AI to analyse previous purchases and online search history and proactively predict future behaviour based on the results of that analysis. As technology has progressed, AI has allowed for data points to be analysed deeper and faster than ever before, and now, thanks to AI, the most forward-thinking retailers can work out exactly which product a consumer wants at what time. As a result, retailers can respond more effectively and more efficiently to consumers' buying needs. The power of AI has the potential to totally transform businesses within the retail sector and beyond with annual worldwide AI revenue expected to increase to $36.8 billion in 2025, up from $643.7 million in 2016. As retailers continue to battle both tough competition and the harsh economic environment that is prevalent across the sector today, AI could be one solution that would enable them to provide the best service and attract customers to their stores.
DavidsTea developing an AI-powered chat tool
DavidsTea has brewed up a partnership with Heyday to create its own AI-powered chat platform, part of a larger digital transformation at the Montreal tea retailer. Heyday is a company that provides AI-powered conversational commerce platforms for retailers in a range of categories, including auto brand Ford, food brand Danone and luxury-goods brand LVMH. The two companies started working together earlier this year and the new platform is still being developed, with the goal of launching it in the lead-up to the crucial Black Friday and Cyber Monday shopping days that kick off the holiday shopping season. Partnering with Heyday is part of a larger digital transformation the company is undergoing, says DavidsTea's new vice president of ecommerce, Damon Sloane. He joined DavidsTea in April, having worked in a series of digital and marketing roles over the past decade.
3 Ways to Improve Retail CX with AI
Customer experience is quickly becoming the brand differentiator, and there's no customer experience game-changer potentially bigger than artificial intelligence (AI). In a recent market analysis from UBS, retail ranked among the top industries predicted to be most impacted by AI. It's easy to see why. While online giants like Amazon.com and online disruptors such as Stitch Fix dominate headlines, 85 percent of retail still takes place offline. As such, there's untold opportunities to merge online and offline experiences, connect what shoppers browse online or offline with personalized offers, and deploy AI and machine learning in ways that boost both in-store and online experiences.
Feature Selection for High-Dimensional Data (Artificial Intelligence: Foundations, Theory, and Algorithms): Verónica Bolón-Canedo, Noelia Sánchez-Maroño, Amparo Alonso-Betanzos: 9783319218571: Amazon.com: Books
This book offers a coherent and comprehensive approach to feature subset selection in the scope of classification problems, explaining the foundations, real application problems and the challenges of feature selection for high-dimensional data. The book then delves into the scenario of big dimension, paying attention to important problems under high-dimensional spaces, such as scalability, distributed processing and real-time processing, scenarios that open up new and interesting challenges for researchers. The book is useful for practitioners, researchers and graduate students in the areas of machine learning and data mining.
Autonomous Delivery Moves From Research Labs to the Streets
When we place an order with UberEats we expect the to food arrive within 20 minutes, tops. If we buy a T-shirt on Amazon, we can have it delivered to our door in a matter of hours. As consumers everywhere shift to online shopping and food ordering, suppliers are facing increasing competition and demand for faster and more reliable delivery services. Our current labor-intensive delivery methods may not be up to the challenge, but AI-powered methods are. The development and integration of autonomous delivery systems is rapidly emerging as the leading solution for increasing delivery speed, efficiency and capacity.
AI Development and Trends in E-Commerce
The traditional retail industry is undergoing a significant reinvention and upgrade as more and more brick and mortar stores boost business by adopting e-commerce platforms powered by cutting-edge tech. The recent rapid development and deployment of AI technologies such as machine learning, computer vision and reinforcement learning have enabled new e-commerce products and solutions for various scenarios and strengthened the retail value chain. Alibaba's Taobao and Tmall, Amazon, JD.com); or on a brand's own official web stores (e.g. Thanks to recent advancements in AI and digital technologies, operating costs for e-commerce have been reduced, enabling more retailers to realize e-commerce transformations. The 2018 global retail e-commerce market amounted to US$2.8 trillion and is expected to grow 75 percent to US$4.9 trillion by 2021.
Can Artificial Intelligence Combat Oversupply and Minimise Deadstock in Fashion?
Casting the net wider to take in global shopping preferences and real-time purchasing behaviour, The Trending Store, which opened in London's Westfield Shopping centre this week, is using AI to analyse social media data to extrapolate the'top 100 fashion items'. The trending products, which span high-street and designer looks across fashion, accessories and footwear, are then collected each morning by a team of stylists from the retail stores at Westfield London. The data analytics are being performed by NextAtlas, who track 400,000 early adopters spread across 1,000 cities worldwide to determine the top 100 items. Screens in The Trending Store show exactly where each trend originates from, so shoppers can see which city or country is influencing the popularity of the item. This is perhaps the first foray into shopping centres providing AI-driven multi-brand solutions that helps get trending styles and colours in front of customers at the right time.
AWS Announces General Availability of Amazon Forecast HostReview.com
Amazon uses forecasting to make sure that the right product is in the right place at the right time by predicting demand for hundreds of millions of products every day. Amazon Forecast uses this same technology to build precise forecasts for virtually any business condition, including product demand and sales, infrastructure requirements, energy needs, and staffing levels – with predictions that are up to 50% more accurate than traditional methods. Amazon Forecast is easy to use and requires no machine learning experience. The service automatically provisions the necessary infrastructure, processes data, and builds custom, private machine learning models that are hosted on AWS and ready to make predictions. To get started with Amazon Forecast, visit https://aws.amazon.com/forecast/.