From 7 a.m. until well past dusk, seven days a week, N. Sudhakar sits behind the counter of his hole-in-the wall grocery store in the south Indian city of Bangalore. It's a carbon copy of the roughly 12 million family-run "kiranas" found on almost every street corner in India. The shop is on a busy street in the Whitefield district, formerly a quiet suburb but now a major hub for the city's booming IT industry. Apartment blocks loom behind his shop, housing hundreds of workers employed in the tech parks that dominate the surrounding area. These days, the same technology industry that helped Sudhakar's business thrive is presenting stores like his with a new challenge.
Since 1999, Amazon's disruptive bravado has made "getting Amazoned" a fear for executives in any sector the tech giant sets its sights on. Here are the industries that could be under threat next. Jeff Bezos once famously said, "Your margin is my opportunity." Today, Amazon is finding opportunities in industries that would have been unthinkable for the company to attack even a few years ago. Throughout the 2000s, Amazon's e-commerce dominance paved a path of destruction through books, music, toys, sports, and a range of other retail verticals. Big box stores like Toys "R" Us, Sports Authority, and Barnes & Noble -- some of which had thrived for more than a century -- couldn't compete with Amazon's ability to combine uncommonly fast shipping with low prices. Today, Amazon's disruptive ambitions extend far beyond retail. With its expertise in complex supply chain logistics and competitive advantage in data collection, Amazon is attacking a whole host of new industries. The tech giant has ...
COVID-19 left the world looking for smarter solutions, reimagining work and business operations. So it wasn't surprising when the pandemic accelerated the adoption of new-age technologies like Artificial Intelligence (AI). During the pandemic, contactless services such as digital payments put AI-related services in sectors like e-commerce in the spotlight. AI algorithms were used to make real-time decisions and analyse data, making a huge impact on businesses. It was the hero in elevating customer experience in sectors like sales and marketing.
Ranking, recommendation, and retrieval systems are widely used in online platforms and other societal systems, including e-commerce, media-streaming, admissions, gig platforms, and hiring. In the recent past, a large "fair ranking" research literature has been developed around making these systems fair to the individuals, providers, or content that are being ranked. Most of this literature defines fairness for a single instance of retrieval, or as a simple additive notion for multiple instances of retrievals over time. This work provides a critical overview of this literature, detailing the often context-specific concerns that such an approach misses: the gap between high ranking placements and true provider utility, spillovers and compounding effects over time, induced strategic incentives, and the effect of statistical uncertainty. We then provide a path forward for a more holistic and impact-oriented fair ranking research agenda, including methodological lessons from other fields and the role of the broader stakeholder community in overcoming data bottlenecks and designing effective regulatory environments.
This post was cowritten by Ziv Pollak, Machine Learning Team Lead, and Sarvi Loloei, Machine Learning Engineer at Clearly. The content and opinions in this post are those of the third-party authors and AWS is not responsible for the content or accuracy of this post. A pioneer in online shopping, Clearly launched their first site in 2000. Since then, we've grown to become one of the biggest online eyewear retailers in the world, providing customers across Canada, the US, Australia, and New Zealand with glasses, sunglasses, contact lenses, and other eye health products. Through its mission to eliminate poor vision, Clearly strives to make eyewear affordable and accessible for everyone.
Banks are turning to a range of new technologies to improve the customer experience and fend off competition from new players in the financial services marketplace. Banks today are operating in a highly dynamic economic and business environment, and the pressure is on to modernize their IT operations. They face some significant challenges. Low interest rates, along with the significant impact of COVID-19 (which increased credit risks), are reducing core profitability. Banks are looking for ways to reduce costs and grow revenue to counter increasing competition from Fintech firms and digital giants (Bigtechs).
Imagine: social distancing restrictions are over. It's safe(r) to go out again! For once, after a long, grueling era of pandemic stress, you make plans to go out to a special public event. It hasn't happened for the longest time. Clearly, this is a cause for celebration and what else to mark the occasion than to dress yourself up a little?
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Early in my career, working as a data analyst, I, like many people, dreamed of doing something significant and valuable for people. I wanted to be creative. I wanted to feel the results of my work, not just study the data. I worked at several startup companies for ten years before co-founding an e-commerce recommendation services company in 2012. In 2020, during the COVID pandemic, I went on sabbatical for a year -- wrote a book, released it on Amazon, and left the successful company (positive cash flow, 150 employees in Russia, Europe, and South America) entirely in the summer of 2021.
Disruptive technology is the technology that affects the normal operation of a market or an industry. Digital disruption entails established companies and start-ups alike enlisting new technologies in the fight to dislodge incumbents, protect entrenched positions, or to re-invent entire industries and business activities. And to remain disruptive in the market, it is really important to keep innovating. This is crucial because, innovations occur now and then in every industry, however, to be truly disruptive, and innovation must entirely transform a product or solution that historically was so complicated only a few could access it. On a minimum level, digital transformation enables an organization to address the needs of its customers more simply and directly. But through disruptive innovation, companies can offer a far better way to users of doing things that current incumbents simply cannot compete with. Artificial intelligence (AI), E-Commerce, cloud, social networking, Internet of Things, 5G, blockchain and other emerging technologies are being leveraged to blur the lines between industries, creating new business models and converging sectors. A company that disrupts its market is in a great position to take advantage of new opportunities. Sometimes offering something different can change the whole market for the better. Most of the top disruptive companies get this label by offering highly innovative products and services and here are 100 such top disruptive companies listed below. The company provides innovative, managed cloud services to help its customers succeed. With best-in-class service and technology, 403Tech protects companies against cybercrimes while enabling greater efficiency and productivity. Some of its popular services include desktop support, server support, wired and wireless networking, virus removal, data recovery, and backup and hosted cloud services. Aegeus Technologies aims to design and develop robotic technologies and solutions.