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Retailers Show The Path Forward On AI Innovation PYMNTS.com

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Retailers are getting smarter about artificial intelligence (AI), and the latest example of that innovative effort comes from Walmart. According to a new report, the retail chain, hoping to reduce checkout theft, is turning to cameras powered by AI, with deployments underway in some 1,000 stores. "The retailer began investing in the surveillance program, dubbed Missed Scan Detection, several years ago in an effort to combat shrinkage -- loss due to several causes including theft, scanning errors, waste and fraud," the report stated. "The AI-powered cameras were rolled out to more than 1,000 stores about two years ago and the retail giant has seen positive results since then, according to Jenkins, who said shrinkage has reduced in stores where the cameras have been added." Artificial intelligence is moving from theory to reality, and that holds true for the world of retail as well.


Artificial Intelligence In Ecommerce Scurri AI Spotlight Series Part 1 - Ecommerce Personalisation Scurri

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Humans cannot compete with artificial intelligence when it comes to deconstructing big data. AI facilitates multiple ways to segment your audience to gain intelligent insights that allow retailers to personalise in a range of different ways. Buyers expect the'you may also like this' feature to show items that are relevant to their tastes. Personalised merchandising sorts the product display to show customers products that genuinely appeal to them. This can even include personalised navigation of the site, with a personalised home page, which is proven to increase conversions.


Best Buy now sells smart gym equipment for the home

USATODAY - Tech Top Stories

FightCamp offers an interactive library of workouts available via subscription. And the Bowflex Max Trainer cardio machine incorporates artificial intelligence to help you step your home workout game up - literally. Best Buy is taking a step toward the future of at-home workouts, offering connected gym equipment from various popular brands both in-store and online. The electronics retailer announced Tuesday it is selling indoor cycling bikes, compression recovery systems, fitness rollers and connected treadmills from wellness tech brands like Flywheel, NormaTec and Hyperice. The high-end fitness equipment, now available online, will be sold in more than 100 stores by the end of this year, and Best Buy will help customers select equipment and install it after purchase.


How the internet is affecting the human brain: Multitasking and relying on Google to jog memories

Daily Mail - Science & tech

Spending time on the internet is reducing our ability to focus on one task at a time - and it means we no longer store facts in our brains. Our lives have been forever changed by gaining access to infinite amounts of information at the touch of a button, but the way our head works has too. A new review looking into the effect of the online world on our brain functions from researchers in the UK, US and Australia, has drawn a number of surprising conclusions. The review focused on the world wide web's influence in three areas: attention spans, memory, and social cognition. It notes that the internet is now'unavoidable, ubiquitous, and a highly functional aspect of modern living' before diving into how it has changed our society.


Artificial Intelligence: The Future Of Travel Industry

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Machines may not have taken over the world yet, but they are seeping into our lives and making it better. AI is changing every aspect of our lives. From self-driving cars to talking bots, there are so many examples of AI in use today. The technology is disrupting so many industries, and the travel industry isn't exempt from this. Gone are the days when you had to count on a travel agent to plan your next vacation.


Customer communication: balancing the human with digital-first

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They want faster, more personalised digital experiences from a brand, without their privacy being invaded or compromised. At the same time, they want a face-to-face or human experience with a company when it suits them. This requires businesses and chief marketing officers (CMOs) to engage in a difficult and fast-changing balancing act. Technology such as chatbots that answer a customer's basic queries, machine-learning and artificial intelligence (AI) are making it easier to serve consumers and, in many cases, to give them a better customer experience. But brands must also be careful not to force the pace of automation or to focus too much on potential cost-savings because they run the risk of alienating new and existing customers who want or value a human experience.


Democratize AI (Part I)

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How to ensure human autonomy over our computational "screens, scenes, and unseens." Digital assistants such as Alexa and Siri and Google Assistant can be quite helpful -- but their actual allegiance is to Amazon and Apple and Google, not to the ordinary people who use them. By introducing AI-based digital agents that truly represent and advocate for us as individuals, rather than corporate or government institutions, we can make the Web a more trustworthy and accountable place. In the 2004 film "I Robot," Will Smith's character, the enigmatic Detective Del Spooner, harbors an animosity toward the humanoid-like robots operating in his society. Over the course of the film we learn why.


Is AI fundamental to the future of cybersecurity?

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Every time you connect to the internet from a computer, tablet or smartphone, there is a growing risk of cyberattack. If the threat is aimed at your workplace, then the entire organization around you could be vulnerable as well and, too often, the result is a major data breach. A well-run company, regardless of its size or global reach, must eventually acknowledge that cybersecurity requires a significant investment. But what tools and processes return the most bang for your buck? A growing number of experts believe that new technology based on machine learning and artificial intelligence are where the smart money lies when it comes to computer, network and data security.


Real-time Attention Based Look-alike Model for Recommender System

arXiv.org Machine Learning

Recently, deep learning models play more and more important roles in contents recommender systems. However, although the performance of recommendations is greatly improved, the "Matthew effect" becomes increasingly evident. While the head contents get more and more popular, many competitive long-tail contents are difficult to achieve timely exposure because of lacking behavior features. This issue has badly impacted the quality and diversity of recommendations. To solve this problem, look-alike algorithm is a good choice to extend audience for high quality long-tail contents. But the traditional look-alike models which widely used in online advertising are not suitable for recommender systems because of the strict requirement of both real-time and effectiveness. This paper introduces a real-time attention based look-alike model (RALM) for recommender systems, which tackles the challenge of conflict between real-time and effectiveness. RALM realizes real-time look-alike audience extension benefiting from seeds-to-user similarity prediction and improves the effectiveness through optimizing user representation learning and look-alike learning modeling. For user representation learning, we propose a novel neural network structure named attention merge layer to replace the concatenation layer, which significantly improves the expressive ability of multi-fields feature learning. On the other hand, considering the various members of seeds, we design global attention unit and local attention unit to learn robust and adaptive seeds representation with respect to a certain target user. At last, we introduce seeds clustering mechanism which not only reduces the time complexity of attention units prediction but also minimizes the loss of seeds information at the same time. According to our experiments, RALM shows superior effectiveness and performance than popular look-alike models.


How Artificial Intelligence will Enhance Brand Management Mentionlytics Blog

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In Today's business world, how a business is perceived in the market matters most. Ideally, your brand represents who your company is and what it stands for (Sanjay). Marketing managers and product managers must work closely to guard the overall brand. By definition, we can say that brand management is the discipline of crafting, defining, positioning, sustaining, and delivering a brand value to your clients. Artificial Intelligence (AI) is one of the technologies businesses can leverage to enhance brand management.