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Reasons why retail and consumer goods brands should address Artificial Intelligence today

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The digital experience (DX) era is here, and AI is one of the primary technologies to fuel productivity and innovation in the retail and consumer goods industry. Brands that take a wait and see approach may find themselves quickly outpaced by their competitors. And by competitors, I mean not just born-in-the-cloud e-commerce players, but forward-thinking omnichannel retailers who focus on winning customers and evolving retail at scale. Within the spectrum of digital transformation, AI is not a new technology. It is moving from its research roots to entering the mass market.


5 Reasons Why Azure IoT Edge Is Industry's Most Promising Edge Computing Platform

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Last week, Microsoft announced the general availability of Azure IoT Edge, the edge computing platform that has been in works for more than a year. Out of the top 5 public cloud platforms – AWS, Azure, Google Cloud Platform, IBM Cloud and Alibaba Cloud – only Microsoft and Amazon have a sophisticated edge computing strategy. Other players are yet to figure out their story for edge computing. Amazon's edge platform is delivered through AWS Greengrass – a service that was announced at re:Invent event in 2016 and became generally available in June 2017. AWS recently added the ability to perform inferencing of machine learning models.


5 Reasons Why Azure IoT Edge Is Industry's Most Promising Edge Computing Platform

Forbes Technology

Last week, Microsoft announced the general availability of Azure IoT Edge, the edge computing platform that has been in works for more than a year. Out of the top 5 public cloud platforms – AWS, Azure, Google Cloud Platform, IBM Cloud and Alibaba Cloud – only Microsoft and Amazon have a sophisticated edge computing strategy. Other players are yet to figure out their story for edge computing. Amazon's edge platform is delivered through AWS Greengrass – a service that was announced at re:Invent event in 2016 and became generally available in June 2017. AWS recently added the ability to perform inferencing of machine learning models.


The power of edge computing

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In the age of instantaneous information flow, data analytics informs critical decisions. A surgeon who questions a particular aspect of a patient's medical history can get the answer from a connected device, stat. An autonomous car can navigate on its own because of immediate data input that tells it where to go or when to stop. The interdependency between human and machine means the velocity of information transfer in real time is essential. "Milliseconds matter in the digital age," said Kevin Goodman, managing director and partner of BlueBridge Networks, a Cleveland-based cloud computing services firm.


Cloud Computing and AI transform the Banking sector

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With the adoption and development of cognitive computing capabilities, the way customers interact with their banks will ultimately change for good. Artificial intelligence and cloud computing will empower banks to efficiently redefine the workflow, create innovative products and services, and transform customer experiences. Many banks have adopted AI, infusing it into their customer experience. This development is witness to AI's role in banking becoming increasingly crucial and visible over the next few years. The introduction of cloud computing and AI will permit the banking workforce to discard repetitive, process driven tasks towards the more strategic and innovative kinds of work that will ultimately drive the industry forward.


Machinations Of Efficiency: Robots And AI On The Factory Floor

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While the robots and autonomous applications in factories aren't as outwardly thrilling as science fiction's sentient androids, they are highly effective at reducing human costs by taking over mundane, physically taxing or dangerous tasks; streamlining business operations; improving efficiency and ensuring extreme precision. A report from the International Federation of Robotics, the automation of manufacturing and production is accelerating around the world, with 74 robot units per 10,000 employees as the new average of global robot density in the manufacturing industries. This is up from 66 robot units in 2015 -- showing that use of machines is on a steady rise. As machines ascend, they will create three key efficiencies for manufacturers -- but there are connectivity challenges to overcome first. Robots and artificial intelligence (AI) will create a number of efficiencies for manufacturers.


Cloud Computing: Microsoft Azure announces major AI, IoT moves

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Microsoft is making another huge play, but this time it's in the world of IoT (Internet of Things) and AI (artificial intelligence). Microsoft Azure, the company's cloud computing service, is making a huge splash into the fast-growing IoT enterprise. In getting into IoT space, the Redmond-based company [VIDEO] has teamed with C3, a Silicon Valley-based IoT company. The two tech companies plan to work on technologies to help enterprise customers accelerate their IoT and AI development, according to SDX Central. Reports by SDX Central and Business Wire presented most of the information used in this article.


Intel to Streamline Computer Vision With Its OpenVINO Toolkit

@machinelearnbot

Many people primarily think of Intel as a computer chip manufacturer, but it's on the cutting edge of technology in other ways for its role in building PCs, software, 5G connectivity solutions and much more. Recently, Intel announced plans for its OpenVINO (Open Visual Inference & Neural Network Optimization) toolkit, which seeks to promote faster development for computer vision applications associated with edge computing. Not long ago, people were solely familiar with traditional cloud computing, which requires sending data to distant locations for processing. However, there are numerous issues with that approach, including those associated with latency. The explosion in popularity of new smartphone technology and innovative IoT devices means more data than ever gets stored in the cloud, and there are no signs of the amount reducing anytime soon.


The Artificial Intelligence Journey

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Although AI hype today exceeds adoption and usage, best-in-class companies are piloting cloud computing AI projects to discover the most relevant use cases which provide the most beneficial financial and business outcomes. Bots are micro-services or apps that can operate on other bots, applications or services in response to event triggers or user requests in many cloud computing applications Often emulating a human, they automate tasks based on predefined rules or via more sophisticated algorithms which may involve machine learning. Robotic process automation (RPA) bots automate mundane yet complex human tasks primarily related to form-driven workflows such as data collection, sorting, filtering, searching and categorizing. Chatbots and virtual assistants (bots with simple natural language query capability) assist with high-volume, low-value interactions with customers, employees, suppliers, partners and other roles. Chatbots and VAs (virtual customer assistants [VCAs]) are predominantly used for customer service and support.


Innovations in Artificial intelligence, Machine Learning, Cloud, and Blockchain

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This edition of ITCC TOE provides a snapshot of the emerging ICT led innovations in machine learning, blockchain, cloud computing, and artificial intelligence. This issue focuses on the application of information and communication technologies in alleviating the challenges faced across industry sectors in areas such as brick & mortar retail, e-commerce, data labelling, 5G, photo and video editing, manufacturing, talent and business intelligence, amongst others. ITCC TechVision Opportunity Engine (TOE)'s mission is to investigate emerging wireless communication and computing technology areas including 3G, 4G, Wi-Fi, Bluetooth, Big Data, cloud computing, augmented reality, virtual reality, artificial intelligence, virtualization and the Internet of Things and their new applications; unearth new products and service offerings; highlight trends in the wireless networking, data management and computing spaces; provide updates on technology funding; evaluate intellectual property; follow technology transfer and solution deployment/integration; track development of standards and software; and report on legislative and policy issues and many more. The Information & Communication Technology cluster provides global industry analysis, technology competitive analysis, and insights into game-changing technologies in the wireless communication and computing space. Innovations in ICT have deeply permeated various applications and markets.