Artificial Intelligence (AI) is a concept that has a long standing tradition in the realm of science-fiction, popularized by Hollywood movies and iconic writers such as Isaac Asimov. However, AI has also received increased attention in recent years following news of progress in the field and the prospect of new, tangible, innovation such as self-driving cars. The Internet has played an important role in these developments, particularly as the platform for AI enabled services – some with significant implications for the continued development of a trusted Internet.
Almost a year ago QuantStart discussed deep learning and introduced the Theano library via a logistic regression example. Given the recent results of the QuantStart 2017 Content Survey it was decided that an up to date beginner-friendly article was needed to introduce deep learning from first principles.
By 2020, Gartner estimates that "consumers will manage 85% of their relationships with enterprises without ever interacting with a human." So, the question becomes, who will they interact with? The answer is simple - some type of artificial intelligence (AI). While no one knows for sure how this will impact different businesses, industries, and the economy overall, that certainly hasn't stopped businesses from jumping on the train. According to Narrative Science, 62% of organizations will adopt AI by 2018.
Exponential progress in artificial intelligence (AI) and machine learning, fuelled by the combination of cloud, big data and new algorithms, is transforming the retail industry. As AI leverages big data to automate, predict and personalize, retail is testing and implementing these applications to garner robust competitive advantages. The key focus for AI in retail is customer relationships. In times of concerns for the retail sector in the UK where sales posted biggest quarterly fall since 2010, the refashioning of this industry comes as a breath of fresh air with many opportunities to come.