The Potential of Image Analytics to Transform the Customer Experience
Business + ManagementRetailposted by April Miller February 25, 2022
Image analytics has the potential to completely transform retail, both online and in person. It consists of categorizing photos based on characteristics or items in the photo. Image recognition software plays an important role in image analytics, helping to identify things like faces, pets, objects, and... Read more
AI x Retail: The Ten Best Examples of Sites and Stores Using AI
Business + ManagementFeatured PostRetail2020East 2020retailshoppingposted by Elizabeth Wallace, ODSC March 13, 2020
So much of what AI is capable of transforming happens behind the scenes. The complete opposite of that is retail’s wholehearted adoption of AI to increase the bottom line, keep customers happy in a sea of eCommerce sites, and reduce inefficiencies. Without further ado, here are... Read more
Solving Merchant Attrition Using Machine Learning
Business + ManagementRetailEurope 2019posted by ODSC Community March 12, 2020
Merchant attrition is a major problem not just in the financial industry but in any sector (substitute ‘merchants’ with ‘customers’ in a given business). The difficulty lies in identifying churn-probable merchants. According to a recent article from Womply Insights and Goldman Sachs, “Merchant acquirers lose... Read more
Using AI for Dynamic Pricing: The Smarking Example
Business + ManagementRetaildynamic pricingWest 2018posted by Elizabeth Wallace, ODSC September 20, 2019
What do airlines, hotels, parking, and cloud computing have in common? You invest in assets upfront and render them out as slices of time. While parking assets exist in the physical space, and cloud computing exists in a virtual space, the principle is the same. Dr.... Read more
How Artificial Intelligence Can Reduce Stress From eCommerce Pricing
Business + ManagementRetailposted by Ralabs January 4, 2019
With modern temps of life, to have a deal with eCommerce pricing could be quite stressful. Charging a too high price and you lose all your clients, too low price and you lose your business. What would you choose: to spend your company’s time on monitoring competitor’s stores... Read more
4 Ways Big Data is Impacting the World of e-Commerce
Business + ManagementRetailposted by Naveen Joshi May 16, 2018
Big data in e-commerce assists businesses in personalizing services, predicting trends, forecasting requirements, amongst other functionalities, to improve customer experience and increase sales. In the digital age, the number smartphone users are on a rise. With such a hike, the market base for e-commerce portals is... Read more
Smarthings’ Platform Downtime as an Example for IoT Education
Business + ManagementRetailTechnologyposted by Sukanya Mandal April 19, 2018
In mid March, SmartThings, the Samsung-owned intelligent devices (IoT) platform, briefly experienced downtime that affected countless customer accounts and products. Households with SmartThings devices were not able to operate their locks, lights, garage doors, and more, turning these so-called “smart” devices into nothing more than “dumb”... Read more
Using Artificial Intelligence to Understand Brands
Business + ManagementRetailTechnologyposted by Marcelo Rinesi April 3, 2018
Artificial Intelligence techniques behind automated translation and other NLP (Natural Language Processing) applications doesn’t just work at the level of words and phrases, but give us quantitative data about the meaning people assign to different concepts, including brands. We can then measure relationships between different brands in a... Read more
9 Bizarre and Surprising Insights from Data Science
Business + ManagementManufacturingModelingPredictive AnalyticsRetailStatisticsTechnologyposted by Eric Siegel November 21, 2017
Data is the world’s most potent, flourishing unnatural resource. Accumulated in large part as the byproduct of routine tasks, it is the unsalted, flavorless residue deposited en masse as organizations churn away. Surprise! This heap of refuse is inherently predictive. Thus begins a gold rush to dig up... Read more
The Power of Commerce Data
Business + ManagementModelingRetailBusinessposted by Tyrone Grandison June 1, 2017
The following is an excerpt of a lightning talk that I gave at the 2015 Socrata Customer Summit on October 27th, 2015. The Cellphone!!!!! This is one of the modern miracles of the current age. It is one of the most pervasive and most cherished devices,... Read more
New Machine Learning Model Poised to Aid Researches Searching For Life on Mars And Elsewhere
AI and Data Science Newsposted by ODSC Team Mar 27, 2023
A team of multidisciplinary scientists led by Kim Warren-Rhodes of the SETI Institute in California has...
Celebrating Women’s History Month with Rising Stars at ODSC
Featured Postposted by ODSC Team Mar 27, 2023
The impact that women have had on data science and AI cannot be measured. From Ada...
Companies Hiring Data Scientists Spring 2023
Career Insightsposted by ODSC Team Mar 27, 2023
It’s hard not to notice how over the last few months, LinkedIn has been inundated with...
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