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ai show promise and limitation

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If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."

However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …

AI Shows Promise And Limitations For Retailers PYMNTS.com

#artificialintelligenceFeb-11-2020, 00:18:41 GMT

Artificial intelligence at its most basic level provides steroids for retail data. Suppose a regional fashion retailer with an eCommerce presence has 100,000 customers in its data base. And suppose those records are fairly basic: most recent transactions, average purchase per visit, demographic information and website traffic history. Now suppose those records are supplemented by a third-party anonymized database. AI will take that data and match it to an algorithm that then allows all the data to be supplemented by data within the category or for competitive purchases.

ai show promise and limitation, retailer, retailer pymnt, (9 more...)

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Industry:

Retail (0.95)
Information Technology > Services (0.35)

Technology: Information Technology > Artificial Intelligence (1.00)

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