From USD 2.3 trillion in 2017, the worth of eCommerce transactions is estimated to reach USD 4.88 trillion in 2021. But the meager contribution of eCommerce in the total retail sales (In the same period, from 10.2% to 17.5%) explains a huge gap which, in fact, is an opportunity to tap into. Wisitech explores its critical usability in our regular business. How Familiar are We to AI or Artificial Intelligence? You might have noticed your kid making use of Google Assistant, Siri, Cortana or Amazon Alexa to seek answers from Google, control devices, and apps, or place an order on Amazon.

If you are interested in understanding about technology and how it can change the way we live, work or simply want to read about thought provoking ideas, "The Future of Leadership: Rise of Automation, Robotics and Artificial Intelligence" is a must! This is a well written and thought out book. It covers up to date questions about automation, robotics and AI, presenting pros and cons of technological advances/challenges like self-driving cars, AI law enforcement even leadership in business. Just imagine, how far will you go to trust AI and the ethical questions that surface around health and life. You will enjoy reading a diverse set of topics surrounding AI in a well written and articulated "Technology Guide" book. I've read Brigette books and assure her books bring great value with comprehensive, philosophically deep, culturally rich perspective.

Video: VR, AR or mixed: Which reality is best to sell your story? Drowning in data is not the same as big data. Here's the true definition of big data and a powerful example of how it's being used to power digital transformation. Deloitte research on the consumer experience found that we are not in the midst of a retail apocalypse, but a retail renaissance. The report, which was based on a survey of more than 500 traditional retail, pure play, consumer goods, and branded manufacturing leaders around the globe, showed that brand leaders are rethinking the consumer experience by investing in new emerging technologies like AI, mixed reality AR/VR, and engagement platforms to grow revenues and new customers.

Amazon Prime Day is just around the corner and it could be bigger and better than ever. Amazon Prime Day features a lot of deals. Not all are worth pursuing. Like Black Friday and Cyber Monday, Amazon's annual Prime Day features tons of products screaming "deal!" But sometimes it's tough to separate the big discounts from the disappointments. Here's how to make sense of the sales bonanza that starts July 16.

The importance of data to modern marketers is undeniable, but most data that exists today is unusable. That's according to dotmailer, that found the challenge for marketers now is not data access, but determining which data is useful to analyse. The dotmailer ebook, Your pathway to smarter email automation, suggests most of it isn't. The report found 80 per cent of the exponentially increasing amount of data is "unstructured". And while the unstructured data can provide insights it is unable to be leveraged at scale because it cannot be catalogued or stored effectively.

Yet, if they are working with flawed data and inaccurate forecasting techniques, they will end up with too few or, too many staff on the shop floor and in the warehouse, and not enough stock to meet sudden surges in demand. This typically results in unfulfilled sales opportunities and increased costs and abandoned shopping baskets. Conscious that this situation is unsustainable, retailers are increasingly focused on using artificial intelligence and machine learning to more accurately forecast demand. With computing and data processing power escalating all the time, the more-forward thinking are already assessing the benefits that more accurate forecasting could have on their sales and profitability. Key to the success of any forecasting system is the data fed into it.

An artificial intelligence (AI) system scored 2:0 against elite human physicians in two rounds of competitions in diagnosing brain tumors and predicting hematoma expansion in Beijing. The BioMind AI system made correct diagnoses in 87 percent of 225 cases in about 15 minutes, while a team of 15 senior doctors only achieved 66-percent accuracy.

ANZ Bank has turned to machine learning to improve existing forecasting techniques. Economists Jack Chambers and David Plank applied the technique to monthly retail sales data, and compared it to the standard error found in consensus surveys compiled by Bloomberg. The machine learning process used by the pair was called "random forest". Think of a standard decision tree model, which maps out decisions or actions and their possible consequences. It follows that the "forest" is comprised of multiple decision trees, which are calculated and averaged to find correlations with retail sales.

Senior Research Data Scientist at Nike NYC, New York, United States (Posted Jul 8 2018) About the company NIKE, Inc. does more than outfit the world's best athletes. It is a place to explore potential, obliterate boundaries and push out the edges of what can be. The company looks for people who can grow, think, dream and create. Its culture thrives by embracing diversity and rewarding imagination. The brand seeks achievers, leaders and visionaries.

On Wednesday e-commerce giant Alibaba opened the world's first clothing store with integrated Artificial Intelligence technology. After customers swipe their Taobao QR code when they enter the FashionAI store in Hong Kong, a smart mirror in the store will match the items they select with other products, including ones that the customer previously bought on Taobao. Consumers can take their purchases with them when they leave the store, or ask the store to arrange delivery.