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Retailers can tap into generative AI to enhance support for customers and employees

IBM Big Data Hub

As the retail industry witnesses a shift towards a more digital, on-demand consumer base, AI is becoming the secret weapon for retailers to better understand and cater to this evolving consumer behavior. Generative AI excels at handling diverse data sources such as emails, images, videos, audio files and social media content.

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The most valuable AI use cases for business

IBM Big Data Hub

For example, Amazon reminds customers to reorder their most often-purchased products, and shows them related products or suggestions. For example, a supply-chain function can use algorithms to predict future needs and the time products need to be shipped for timely arrival. Routine questions from staff can be quickly answered using AI.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Data science is an area of expertise that combines many disciplines such as mathematics, computer science, software engineering and statistics. It focuses on data collection and management of large-scale structured and unstructured data for various academic and business applications.

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Anomaly detection in machine learning: Finding outliers for optimization of business functions

IBM Big Data Hub

Anomaly detection simply means defining “normal” patterns and metrics—based on business functions and goals—and identifying data points that fall outside of an operation’s normal behavior. A machine learning model trained with labeled data will be able to detect outliers based on the examples it is given.

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Driving new revenue streams through artificial intelligence and advanced analytics

CGI

For more than 50 years, banks have relied on computers and software to manage and secure their data, as well as protect their customers’ interests. We are now on the cusp of a major revolution—something that will be as big for banks as the internet was for retail businesses. Sourcing data for AI and advanced analytics.

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Five benefits of a data catalog

IBM Big Data Hub

An enterprise data catalog does all that a library inventory system does – namely streamlining data discovery and access across data sources – and a lot more. For example, data catalogs have evolved to deliver governance capabilities like managing data quality and data privacy and compliance.

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The Campaign for Real Analytics

CGI

Let’s take an example: You’re a regional director for a supermarket chain. Amidst the hype about big data technologies, this is refreshing to hear. In fact retailers have always been savvy about pricing, and they’ve been keen fans of experimentation too. But other sectors may have much more to learn from that statistician. .