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What Small Retailers Can Learn From the Industry's Push Towards AI and Big Data

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With a record 7,000 store closings and 662 bankruptcy filings last year, and 3,800 closings (and counting) so far in 2018, the fate of retail continues to look uncertain. Take a look at Amazon to see how ecommerce has changed the retail landscape as we know it, leaving no industry undisrupted. With just a click of a mouse, customers can purchase whatever they want, whenever they want it -- and have it shipped directly to their door. Related: Here Are 6 Weird Ways You're Being Tracked in the Real World While ecommerce offers unprecedented convenience, this is not the end of the road for brick-and-mortar. Customers still value in-store experiences.


What if people were paid for their data?

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Jennifer Lyn Morone, an American artist, thinks this is the state in which most people now live. To get free online services, she laments, they hand over intimate information to technology firms. "Personal data are much more valuable than you think," she says. To highlight this sorry state of affairs, Ms Morone has resorted to what she calls "extreme capitalism": she registered herself as a company in Delaware in an effort to exploit her personal data for financial gain. She created dossiers containing different subsets of data, which she displayed in a London gallery in 2016 and offered for sale, starting at £100 ($135).


Loved Clothes Last, Thanks to Artificial Intelligence

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It is almost customary to mention the 1995 Hollywood blockbuster, Clueless, while writing about wardrobe management apps. The movie's protagonist, Cher Horowitz (Alicia Silverstone) picked her outfit of the day from a digital wardrobe that captured the imagination of fashionistas galore. Entrepreneurs, mainly in the US, have tried their hand at wardrobe fashion apps but didn't succeed, with the exception of long-standing players like Stylebook and Cladwell. The biggest peeve has been the effort and time taken to get started with such apps. Many users switch off at the prospect of individually photographing every garment and adding its details to the online wardrobe.


How AI and Computer Vision Speed Up Job Automation IoT For All

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Neural networks show impressive results working with image data. Today, well-trained technology out-performs the human brain when it comes to classifying millions of images or recognizing patterns in the photos taken by Kepler telescope. As a result, AI-enabled image analysis and processing have made their way to diverse areas, far beyond photography or social media. EBay, for example, launched a computer vision feature that allows to search products using image instead of keywords or description. Opting for Image Search, a customer can simply take a picture of the product and use it to find a similar one in the marketplace.


Data is giving rise to a new economy

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AN OIL refinery is an industrial cathedral, a place of power, drama and dark recesses: ornate cracking towers its gothic pinnacles, flaring gas its stained glass, the stench of hydrocarbons its heady incense. Data centres, in contrast, offer a less obvious spectacle: windowless grey buildings that boast no height or ornament, they seem to stretch to infinity. Yet the two have much in common. For one thing, both are stuffed with pipes. In refineries these collect petrol, propane and other components of crude oil, which have been separated by heat. In big data centres they transport air to cool tens of thousands of computers which extract value--patterns, predictions and other insights--from raw digital information. Upgrade your inbox and get our Daily Dispatch and Editor's Picks. Whether cars, plastics or many drugs--without the components of crude, much of modern life would not exist. The distillations of data centres, for their part, power all kinds of online services and, increasingly, the real world as devices become more and more connected.


4 ways artificial intelligence will shape the future of learning technology

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With the rapid pace of innovation continually disrupting business models, and in many cases entire industries, how will online learning keep up to provide the relevant courseware for today's and tomorrow's workforce? This will be essential for economic growth and to support a thriving, college-educated workforce that's equipped with the very latest knowledge, ideas and technology. In the future, I believe that institutions at the forefront of online education will be recognized via several capabilities which will have digitally transformed today's EdTech market. They will include a powerful combination of omni-channel learning pathways, cognitive courseware, virtual counselors and AI-enabled course development and grading. These innovations, underpinned by artificial intelligence (AI), will help to provide students the ultimate choice in their courseware – including up-to-the-minute courses on high-interest/high-growth subject matter – as well as highly-innovative digital services that support them every step of the way to help maximize their success and personal objectives.


Big Data and Artificial Intelligence: A Primer for Retailers Jing Daily

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Buzzwords like "big data" and "artificial intelligence" have become commonplace in many of today's business conversations, but what exactly do they mean--and what do they mean for the luxury consumer? The Chinese government's "Next Generation Artificial Intelligence Development Plan" was established in 2017, making artificial intelligence (AI) a national priority for China. Simply put, today's high-net-worth buyers still want a traditional tailor-made buying experience, but they want it fast and hassle-free. Artificial intelligence and big data are what will help give them that. Big data is a term for the huge volume of varied and unstructured data (sounds, images, texts, messages, transactions, videos, social networks, etc.) that companies collect both online and off, from employee counts to weather histories.


This self-driving car could deliver groceries to your doorstep

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They may resemble giant metal toasters on wheels, but these strange-looking vehicles could one day save you a trip to the supermarket. The American grocery store chain Kroger is teaming up with Nuro, a Silicon Valley-based robotics company, to test a fleet of robotic cars this fall in a yet-to-be-announced city. The new autonomous technology is designed to meet changing demands in the grocery market. "Our customers are increasingly wanting different ways of fulfilling their food and shopping needs," said Yael Cosset, Kroger's chief digital officer. The deliveries will be carried out by Nuro's R1 car bots, which have a top speed of 25 miles per hour, stand 6 feet tall and measure about "half the width of a Toyota Corolla," Nuro CEO Jiajun Zhu told NBC News MACH in an email.


What is the future of #AI and how will we use #AI to improve the #CX? Tripti Sethi of @AvanadeInc provides some answers

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This blog originally published on Sitecore's "The Mind in the Machine" blog series. So what is AI--artificial intelligence? I think it's useful--at the risk of oversimplification--to state it this way: AI is machines that think and act like people. What that really means is that they need to understand and interpret data. To improve the customer experience, AI needs to be capable of processing data of various types--both structured and unstructured.


The Sooner You Get Your First AI Job, the Better for Your Career

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Artificial intelligence is already reshaping society as we know it in both business and consumer realms. Early use cases with Alexa, autonomous vehicles and AI-driven supply chains provide just a glimpse of the disruption that AI is poised to deliver in the near future and for years to come. Yet despite all the AI hype and initial successes, it remains in its infancy. That makes now the ideal time for young people to build the knowledge, skill sets and connections they need to capitalize on the fast-growing market for AI jobs and build a strong AI career. One reason is simply practical.