Entries by Nikki Hallgrimsdottir

,

AI in Retail: The AI-Fueled Subscription Economy

The marriage of artificial intelligence (AI) and e-commerce is growing stronger than ever before — and it’s changing the way users find and purchase consumer goods across nearly every industry. Largely pioneered by Amazon’s Real-time Product Recommendations, sophisticated AI is used to measure and track a user’s purchasing habits to determine other products they might be interested […]

,

AI In Context: Integrating New Technologies

Data & Society, a New York City–based research institute focused on social and cultural issues arising from big data and automated technologies, recently released a new report on the future effect artificial intelligence (AI) poses to the retail industry. “AI in Context: The Labor of Integrating New Technologies” analyzes how AI — despite fears about its potential to replace human labor — is setting the stage for workplaces that will continue to rely on human beings to carry out different tasks.

, ,

The Sociable: Diversity and Inclusion Major Hurdle in Facial Recognition Technology

Concern has surrounded Amazon’s Rekognition technology, with fears that it could be used in an authoritarian and inaccurate manner by the governments and police. However, new research from The Center for Data Innovation, a nonprofit and nonpartisan research institute, indicates that Americans are opening up to the use of facial recognition technology, but only if it’s accurate.  The Sociable’s Sam Brake […]

, ,

How Retailers Are Using Purchasing Data To Create Best Selling Products

Big data helps retailers make better decisions. With the right data operation in place, any customer purchase or point-of-contact can become a useful piece of information that determines product strategies and identifies areas of improvement. Purchasing data, in particular, makes it easy to identify items or trends that are already popular with customers, guiding retailers towards offering customers products that they’re already interested in.

, , , ,

Prescriptive Analytics for Inventory Management in the Era of Big Data

Inventory management is no longer a matter of guesswork. Thanks to machine learning and prescriptive analytics techniques, better decision-making in operations management makes it easier to predict demand for inventory based on a variety of different factors. With help from all kinds of data, inventory management decisions can be made correctly and successfully to create […]

Data Science for Decision Making

Across the world, the demand for data scientists is skyrocketing — and so far shows no sign of slowing down. Experts predict that in the United States alone, there will be more than a quarter of a million open positions for data scientists by 2024 as data scientists continue to become an essential component of the modern workforce. Businesses […]