Retail
Software Eats The (Retail) Workforce PYMNTS.com
When most people worry about computers taking over the future, they are more likely than not reacting to the sort of sci-fi doomsday scenario they see in movies like "The Terminator" or "The Matrix." For those who are unfamiliar, the plot for such a scenario involves human beings building computers that become self-aware and decide immediately to overthrow and enslave us. In reality, the real threat from our highly mechanized and smart machine dependent-world is much more nuanced, and arguably not a threat at all, so much as the natural evolution of a marketplace that may have a profound impact on consumers โ and the workforce that serves them. There is no question but that automation has made life easier for consumers. Why visit a bank with a teller when you can go to an ATM, and why go to an ATM (unless you need cash) if you can do everything you need to on your phone or laptop?
Artificial Intelligence Changing Everything
I've written before about the growth of artificial intelligence technology and how it is poised to transform not only retail but our lives in general. Jeff Bezos, Amazon's founder and CEO, stated in a USA Today article (6/1/2016) that "The emergence of artificial intelligence and machine learning in household gadgets is gigantic". He goes on to say that "its hard to overstate how big of an impact this will have on society over the next 20 years". Bezos is speaking from firsthand experience as Amazon's Echo and Alexa, the company's digital assistant, have become a surprise hit since being released a year or so ago. Alexa lives in the cloud and is powered by artificial intelligence and machine learning. 'She' learns from every interaction with you, understanding over time that your favorite brand of cookies are Oreos so when you say'Alexa, please put cookies on the shopping list' she knows you mean Oreos.
Supply chains and artificial intelligence: ask Jeff Bezos - SCM World
Jeff Bezos spoke this week at Recode's Code Conference in California about the "gigantic" potential of artificial intelligence. Pressed by moderator Walt Mossberg to speculate on where this technology is headed and what it means, Bezos went so far as to say that we may be on the "edge of a golden era". Were it not real life I'd have sworn I was watching the opening scene of a sci-fi horror film, complete with scary technology (AI), calming platitudes ("humans are much more efficient") and sinister villain (guess who). Contrary to the titillating trailer, however, I think the future of artificial intelligence, at least as far as supply chain strategists are concerned, is bright, and that Bezos is our friend. Amazon reportedly employs 1,000 people in artificial intelligence.
Tech moguls declare era of artificial intelligence
Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity's Inside Energy Summit in Manhattan, New York October 2, 2015.REUTERS/RASHID UMAR ABBASI Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity's Inside Energy Summit in Manhattan, New York October 2, 2015. Artificial intelligence and machine learning will create computers so sophisticated and godlike that humans will need to implant "neural laces" in their brains to keep up, Tesla Motors and SpaceX CEO Elon Musk told a crowd of tech leaders this week. While Musk's description of an injectable human-computer link may sound like science fiction, top tech executives repeatedly said that artificial intelligence (AI) was on the verge of changing everyday life, during discussion at a conference by online publication Recode this week. It is no secret that tech companies are diving into AI analytics research, an industry that will grow to 70 billion by 2020 from just 8.2 billion in 2013, according to a Bank of America report citing IDC research. AI, which combs through large troves of raw data to predict outcomes and recognize patterns, is already used in web search systems, marketing recommendation functions and security and financial trading programs.
MailChimp Delivers Predictive AI To SMBs
MailChimp expanded its email marketing technology platform this week with predictive intelligence, unveiling Product Recommendations Wednesday in a blog post. The platform, aimed at supporting small businesses, predicts which items a subscriber would most likely buy based on their past purchases and online behavior. Product recommendations are added as content blocks to the bottom of email marketing newsletters. Small businesses can personalize emails with items each subscriber will most likely buy, Neel Shivdasani, data scientist at MailChimp, wrote in a blog post. To access the new feature, MailChimp customers need to connect their online store to MailChimp so that the company can access product images, links and inventory amounts.
Wal-Mart Will Launch Inventory-Checking Drones By Next Year
Amazon wowed the internet with its drone delivery project, a prototype drone that brought a small package right to a customer's door. This was the future of drones in retail, said Amazon, promising a universe where customers never had to set foot in a store. Now Wal-Mart, Amazon's erstwhile physical competitor, is getting in on the drone game, but they're not bothering with delivery at all. No, when Wal-Mart flies drones, as it plans to do in the next 6 to 9 months, it will fly them inside warehouses. To cut costs on labor, naturally.
The 3 craziest things Elon Musk said at Code conference
Everyone from Amazon CEO Jeff Bezos to Bill Gates is talking artificial intelligence at Code Conference 2016. When he's not building electric cars or helping to create the idea for a high-speed transit system, Elon Musk really wants citizens of Earth to go to Mars. During a wide-ranging interview at The Code Conference, the CEO of Tesla Motors and SpaceX discussed everything from life on Mars to the possibility that life is just an elaborate computer simulation. This wouldn't be the first time Musk has shared some wildly ambitious ideas and thoughts. Let's break down the three most interesting things Musk shared during his Code talk: Musk predicts the first humans will travel to Mars eight years from now, arriving on the red planet by 2025. Musk founded SpaceX in 2002, with a goal of "enabling people to live on other planets," according to a description on the space tech company's website.
Tesla Motors' CEO Elon Musk declares era of artificial intelligence coming soon ET Auto
While Musk's description of an injectable human-computer link may sound like science fiction, top tech executives repeatedly said that artificial intelligence (AI) was on the verge of changing everyday life, during discussion at a conference by online publication Recode this week. It is no secret that tech companies are diving into AI analytics research, an industry that will grow to 70 billion by 2020 from just 8.2 billion in 2013, according to a Bank of America report citing IDC research. AI, which combs through large troves of raw data to predict outcomes and recognize patterns, is already used in web search systems, marketing recommendation functions and security and financial trading programs. The technology will spread to driverless cars and service robots in the future, the Bank of America report said. Sundar Pichai, chief executive of Alphabet Inc's Google, said he sees a "huge opportunity" in AI.
Tech Moguls Such as Musk and Bezos Declare Era of Artificial Intelligence
Artificial intelligence and machine learning will create computers so sophisticated and godlike that humans will need to implant "neural laces" in their brains to keep up, Tesla Motors and SpaceX CEO Elon Musk told a crowd of tech leaders this week. While Musk's description of an injectable human-computer link may sound like science fiction, top tech executives repeatedly said that artificial intelligence (AI) was on the verge of changing everyday life, during discussion at a conference by online publication Recode this week. It is no secret that tech companies are diving into AI analytics research, an industry that will grow to 70 billion by 2020 from just 8.2 billion in 2013, according to a Bank of America report citing IDC research. AI, which combs through large troves of raw data to predict outcomes and recognize patterns, is already used in web search systems, marketing recommendation functions and security and financial trading programs. The technology will spread to driverless cars and service robots in the future, the Bank of America report said.