Posts

Algo.ai of Troy, Michigan advertises itself as the world’s first supply chain analyst work bot. What does that mean exactly? It means their technology combines artificial intelligence (AI), augmented reality (AR), and workflow automation to provide unique solutions for retail and distribution industries.

The startup’s founder and CEO Amjad Hussain has more than two decades of experience in building AI. He’s now been running Algo.ai for more than three years and says its important to realize that the next great startup can be built in a place like Troy, Michigan.

Read the full article at Techli

For decades, consumers have relied on friends and family, product reviews and tastemakers when making purchasing decisions. A loved one could recommend a particular brand of tools that’s worked well over the years. A consumer watchdog publication could inform and educate on which car models offer the most reliability. A fashion magazine could highlight the latest trends that speak to any style. But while each of these different influencers remains relevant to today’s buyers, shoppers seeking out buying advice are increasingly being guided by artificial intelligence.

Through sophisticated AI, retailers are diving deeper into personalization by building solutions that suggest the best products for a user to purchase bolstered by data-driven insights.

Thanks to powerful AI-driven supply chain management, retailers can easily track what’s in store, what’s being shipped and what’s in the warehouse; ensuring customers can get what they want when they want it. But to create a more personalized shopping experience, retailers are also putting together better product collections, embracing trends like “showrooming” and crafting entirely new ways of shopping.

Here’s a look at how AI-driven personalization is transforming brick-and-mortar retailing:

1. b8ta

Retailers long maligned the trend of “showrooming” — that is, trying out a product in-store only to make an eventual purchase online. AI-driven supply chain management has allowed omnichannel retailing to alleviate some of these fears, but new retailers like b8ta have embraced this trend even further by building new stores around the showrooming concept. Offering retail-as-a-service, b8ta is an open-concept store that offers companies a flexible way of selling through brick-and-mortar locations. Companies can showcase products in b8ta stores from online brands that desire a physical presence.

For consumers who wish to purchase something online but also want to see it in person, b8ta changes the game. And for online retailers with a wide range of SKUs or a limited desire to expand into physical retail, b8ta offers the best of both worlds by showcasing products for limited amounts of time. Combined with AI-gathered data for personalized product targeting, a manufacturer could take advantage of b8ta by offering a small sample of their most popular products that customers wish they could try out in real life.

2. Amazon 4-Star

If you’re buying a kitchen gadget, how do you know it’s the best kitchen gadget? Well, if you’re Amazon, you know it’s the best because it’s got a wealth of customer purchasing data behind it. This includes star ratings, which lets users rank products after they’ve been purchased.

That’s the core concept behind Amazon’s newest retail store in New York City: Amazon 4-star. Carrying a curated selection of products that have all received large amounts of four-star ratings, Amazon uses its sophisticated product recommendation engines to bring its bestselling, most popular items into physical stores.

By offering a hand-picked selection of products that are beloved, trending or hidden gems, the service allows customers to shop from a collection of highly personalized recommendations in a brick-and-mortar setting.

Considering 35 percent of Amazon’s revenue comes from its AI-enhanced product recommendations, it’s a profitable shortcut to give customers what they already want.

Selling only the top-rated products might also be the right approach for adjusting an existing retail strategy. In early 2018, home furnishing retailer Crate & Barrel shuttered all physical locations of its children’s furniture chain The Land of Nod and began offering a smaller, curated collection of the same products under its in-store label, Crate & Kids. For Crate & Barrel, it became clear that offering a more personalized selection of products to its customers was more valuable than propping up an underperforming retailer that featured wider selections.

3. AlgoFace

Buying new makeup can be a long and messy process. Dropping by Sephora or the makeup counter at Macy’s means waiting for an associate to help you apply lipstick or eyeshadow to find the perfect color — from a tube that’s already been used by somebody else.

AlgoFace is making this process simpler (and far more sanitary) through its virtual-makeup SDK, which is available for makeup retailers to build into their apps. Shoppers can virtually apply an endless array of makeup shades to a live video of their face. Their AI-driven augmented reality interface makes it look like users are actually, physically wearing the makeup they’re thinking about buying.

The result isn’t just a highly personalized experience that lets users try out makeup combinations with no mess: It’s an incredible way to cut down on costs by saving on makeup samples. As for customer experience, this means being able to try out different looks in a mobile app or at a physical location.

 

Article originally published on Medium and reposted with permission from Humans for AI.

Algo.ai (Algomus) is featured in the updated 2018-2019 edition of TopBots’ Enterprise AI landscape which highlights the most interesting companies currently using AI to tackle business challenges.

Since TopBots first started tracking applied AI companies in 2017, the industry has grown tremendously and we’re thrilled to be included in the list of innovators continuing to enable novel business applications of machine learning.

Read the full article here https://www.topbots.com/essential-landscape-overview-enterprise-artificial-intelligence/

 

 

Formerly known as Algomus Inc., Algo.ai allows users, including those with little knowledge in data science, to analyze data and find new insights.

 

Troy, MI, September 26 2018 – Algo.ai, the company connecting Artificial Intelligence (AI), Augmented Reality (AR) and automation to retail and entertainment industries, today announced that it has joined the NVIDIA Inception program. The program is designed to nurture startups aiming to revolutionize industries with advancements in AI and data sciences.

 

Formerly known as Algomus, Inc., Algo.ai provides an easy-to-use conversational Business Intelligence (BI) and Workflow Automation platform that enables people to work to their full potential by learning to take over tedious and redundant tasks and collaborate using a single source of truth.

 

The platform uses a wide range of AI and Machine Learning (ML) architectures — including prediction, prescription, time series forecasting, natural language processing (NLP), and robotic process automation (RPA) — to allow for seamless and robust smart human-in-the-loop workflows. With an easy-to-use conversational interface, Algo ensures that users without any background in data science can make data-driven decisions and become more strategic and analytic in their day-to-day tasks.

 

NVIDIA’s Inception program is a virtual accelerator that helps startups during critical stages of product development, prototyping and deployment. It will provide Algo.ai with expanded computing and development resources to accelerate R&D of specialized deep learning architectures and implementing new ML and AR features into production as they continue to onboard enterprise clients in the retail and entertainment industries in the US and Europe.

 

Machine Learning is transforming retail and other industries by allowing companies to discover patterns in supply chain data. Algo.ai’s latest customers include powerhouses in the movie and music industries, which bring unprecedented opportunities to develop AI-powered supply chain solutions tailored to the unique and complex supply chain of entertainment and consumer products. Joining the NVIDIA Inception program will further the development of the Algo platform, revolutionizing the way businesses handle inventory levels, supplier quality, and more.

 

“We’re thrilled to join the NVIDIA Inception program, which supports our mission of advancing the Collaborative Intelligence capabilities of enterprises by allowing humans and machines to work together to produce superior outcomes,” said Amjad Hussain, Founder and CEO of Algo.ai. “The collaboration supports our expansion of Algo into AR applications, ensuring our platform continues to be on the cutting edge and cementing our place as a market leader in our chosen verticals”

 

About Algo.ai

Algo.ai has created Algo, the world’s first supply chain analyst bot. Algo connects Artificial Intelligence, Augmented Reality, and Automation in a unique way to a specific set of industries: retailers, distributors, and manufacturers. The company’s deep domain knowledge of both technology and supply chain allows the team to rapidly train Algo on analytically rich workflows and business functions like Demand and Inventory Planning, Sales Forecasting, New Product Lifecycle Management, Assortment Optimization and more. Algo.ai is headquartered in metro Detroit with operations in the US and Europe.

May 2, 2018, RE•WORK

At the AI in Industrial Automation Summit this June 26 – 27, team Algo will be joining RE•WORK to exhibit and chat to attendees about their current work. In advance of the summit, Ellie Lucy, Global Summit Creator at RE•WORK spoke with Nikki to hear about her current work and their use of AI and deep learning.

Read the full interview over at the ReWork Blog

January 16, 2018, RE•WORK

Algomus is a rapidly growing Detroit area startup that has built Algo the world’s first Analyst Workbot and Enterprise ML powered Big Data Analytics platform for media & entertainment companies, manufacturers, distributors, and retailers. Algomus, who is partnering with RE•WORK for the AI Assistant Summit in San Francisco this January 25 – 26 have just launched Algo 2.0, making their AI enabled workbot even smarter.

Read the Full Post Here

January 11, 2018, AI Trends

“You have to think about the business problems first before you drive the tools in that direction,” said John Daly, Senior Vice President of Worldwide Production Services at Sony Pictures Entertainment.

“Daly co-developed an AI tool from Algomus, which automatically generates data reports and supports natural language queries.”

Read the Full Article Here

Business Intelligence and Enterprise AI come together with a Smart Assistant

January 9, 2018, PRNewswire

LAS VEGASJan. 9, 2018 /PRNewswire/ — Algomus, Inc. headquartered in Troy, MI launches their 2nd generation Enterprise Analytics Workbot Algo 2.0 at CES 2018. Through the increased application of Machine Learning, including Deep Learning and Robotic Process Automation (RPA) Algo is taking on a more important role in the daily operations of his enterprise customers. The new UI is streamlined, conversational, and context-aware. Algo 2.0 has been optimized to produce answers to complex questions and analytical calculations with flexibility and speed. Improvements in the Natural Language Processing engine and a new Predictive Text feature make the user experience smooth and intuitive.

Key New Features

  • Context-Aware Conversational Interface
  • Chat and Search Based Interaction with Data
  • Multiple Measure Q&A Capability
  • Data Science and Analytical Workflow Automation
  • Custom Calculators, Recommenders and Simulators
  • Enhanced Forecasting Capabilities
  • A/B Test Tracking
  • Data Storyboarding via PowerPoint
  • Collaboration Features: Shared Contexts and Favorites
  • Workflow Integration via API

Algo co-creator and Algomus CEO Amjad Hussain says “Algo 2.0 is transforming from an Askbot to a Workbot, and transforming organizations from being reactive to proactive with their data. It is a big step forward for us and our customers. Algo is aimed at growing the collaborative intelligence profile of our customers, with people and AI agents working hand in hand to deliver exponential business outcomes.”

 

View on PR Newswire

Taleb joined the Algomus team in October 2017 as Machine Learning Scientist heading up our R&D department doing research related to computer vision, deep learning, and machine learning. He has a Masters in Computer Vision and a PhD in Machine Learning from France, as well as a Bsc. in Electrical and Computer Engineering from Syria.

We decided to ask him a few questions so you can get to know him better:

What project have you worked on in the past that really interested you?

“It was when I was a researcher at Northeastern University, where I was working on an image processing and facial analysis software. I was creating algorithms to analyze the human face and understand the features to recommend makeup.”

How would you describe yourself and your work ethic?

“When I enjoy my work, I treat it as a mission. I set goals for all projects, always putting 100% effort and time into everything I do. I work long hours but because I enjoy my work and the work environment here at Algomus is very friendly it does not seem like a job.”

What is the most important lesson you have learned?

“I have learned in this industry it is very important to keep learning. Set aside time every day to learn new skills or eventually you will lack the skills needed to compete. It is important to keep learning new libraries and new programming skills as well as keeping up with current events and technology.”

Outside the office Taleb spends his time Traveling, he has been to over 20 different countries. While traveling he enjoys exploring nature, which gives him the chance to work on his photography. If Taleb is not traveling or exploring nature you can find him keeping fit in the gym or socializing with friends.

 

 

Check out our Careers page for open positions if you’re interested in joining team Algo!

We would like to thank Clariden Global for hosting the “Einstein AI, Deep Learning & SuperIntelligence Summit” and inviting Nikki to speak at the post-summit seminars about AI Assistants in Business. The conversations with attendees and other speakers were high quality and it was great fun to ponder the future of these cutting-edge technologies.

If you missed the talk and would like to see the slides get in touch!