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Application of Machine Learning in Pricing and Revenue Management

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Pricing science is the application of analytical techniques and methods to solve the problem of setting prices. This discipline had its origins in the development of yield management in the airline industry in the 1980s, and has since spread to many other sectors and pricing contexts, including media, retail, manufacturing, distribution, etc. The goal of B2B pricing science is to optimize pricing strategies by using prescriptive analytics to model and modify historical behavior. Although pricing science does not solely predict historical pricing behavior, predictive analytics is the foundation of this process. The first step in creating a pricing strategy, developing a robust and reliable prediction model, is crucially important because failing to understand historical behavior and failing to capture market dynamics leads to irrelevant price recommendations.


Digital disruption: What makes the modern CFO? - The Financial Express

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The technological changes sweeping the business landscape have reached the doors of chief financial officers (CFO), breaking the status quo and demanding a drastic alteration in their roles to ensure a company does not lag behind those who adapt quickly. A couple of years ago, technologies like artificial intelligence, automation, internet of things (IoT), blockchain and machine learning were billed as game changers but were largely restricted to the academic realm. However, this has changed dramatically considering nearly all businesses today use one or more of these tools for critical decision-making inputs. Says Sugata Sircar, CFO, Schneider Energy: "We have been observing that the role of CFOs is transforming to being a strategic partner today." According to him, the expectation from the CFO is changing.


How artificial intelligence is changing customer service forever

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CRM technology witnessed warm welcome (meaning multimillion dollar investments) by enterprises because it promised automation in customer service. Artificial intelligence takes things a few notches ahead, because it blends "intelligence" and "automation," putting customer service on autopilot. From ordering pizzas to booking appointments with doctors, customers are happy with automation, and so are the enterprises. Experts predict that almost 85 percent of customer service interactions could be automated by as early as 2020. Let's dig deeper and tell you more about how artificial intelligence could quickly transform customer service into its bigger and better version.


[WSS18] Rooftop Recognition for Solar Energy Potential - Online Technical Discussion Groups--Wolfram Community

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The aim of this project is to detect the rooftop of buildings to determine the available area at different locations and to identify the most suitable ones for solar energy application such as solar PV using Neural Networks and satellite imagery. The Inria Aerial Image Labeling addresses a core topic in remote sensing: the automatic pixelwise labeling of aerial imagery. The first approach to organize the data was to make MX files, one per image, each file contain the 100 images with their respective mask. In order to do that a function mxFileCreator was build. The net selected for this project was at Wolfram Neural Net Repository for Semantic Segmentation.


New AI Strategy Mimics How Brains Learn to Smell Quanta Magazine

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Today's artificial intelligence systems, including the artificial neural networks broadly inspired by the neurons and connections of the nervous system, perform wonderfully at tasks with known constraints. They also tend to require a lot of computational power and vast quantities of training data. That all serves to make them great at playing chess or Go, at detecting if there's a car in an image, at differentiating between depictions of cats and dogs. "But they are rather pathetic at composing music or writing short stories," said Konrad Kording, a computational neuroscientist at the University of Pennsylvania. "They have great trouble reasoning meaningfully in the world." To overcome those limitations, some research groups are turning back to the brain for fresh ideas.


Mimicking the Human Brain: Infusing RPA with AI HCL Blogs

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During the heydays of pulp sci-fi, Robert A. Heinlein penned a now forgotten short novel titled Waldo. The parable broadly speculated on how robotics and automation would eventually come to shape the lives and the landscape of the future. Almost a century later, Heinlein's work reads like a prophesy, foretelling the 21st century's rapid march towards adopting machines to do men's work. Look around and you'll find myriad examples. Robots are putting together cars on the assembly line and acting as companions for the disabled.


How Blockchain and AI Integration is Changing Business

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AI is a combination of various technologies that work in traffic signals and automated cars, in which it controls the sense, learn and understand the situation and act as an artificial human. This technology was introduced in the year 1957 and carries human works and understands the task to complete automatically. The Technology is growing and impacting on business nowadays. In the recent period at the time of grown just it has become a part of the jobs. Now Artificial Intelligence Development companies implemented to guide in all business and controlling the remote over on menu of products and services.


Helping to improve medical image analysis with deep learning

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Medical imaging creates tremendous amounts of data: many emergency room radiologists must examine as many as 200 cases each day, and some medical studies contain up to 3,000 images. Each patient's image collection can contain 250GB of data, ultimately creating collections across organizations that are petabytes in size. Within IBM Research, we see potential in applying AI to help radiologists sift through this information, including imaging analysis from breast, liver, and lung exams. IBM researchers are applying deep learning to discover ways to overcome some of the technical challenges that AI can face when analyzing X-rays and other medical images. Their latest findings will be presented at the 21st International Conference on Medical Image Computing & Computer Assisted Intervention in Granada, Spain, from September 16 to 20.


AI Is the New Weapon Against Cyberattacks

WSJ.com: WSJD - Technology

They're using machine learning to sort through millions of malware files, searching for common characteristics that will help them identify new attacks. They're analyzing people's voices, fingerprints and typing styles to make sure that only authorized users get into their systems. And they're hunting for clues to figure out who launched cyberattacks--and make sure they can't do it again. "The problem we're running into these days is the amount of data we see is overwhelming," says Mathew Newfield, chief information-security officer at Unisys Corp. UIS 0.50% "Trying to analyze that information is impossible for a human, and that's where machine learning can come into play." The push for AI comes as companies face a huge increase in threats and more-sophisticated criminals who can often draw on nation-states for resources.


5 Ways to Overcome Cognitive Overload

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Cognitive overload happens to students and teachers. Often looking like ADHD, cognitive overload can happen for a variety of reasons including challenges to your working memory. Todd Finley some ways to help your students and yourself when you struggle with cognitive overload. What is it, and how do we work with it in our students and in ourselves? Today thought leader Todd Finley is going to help us understand this.