Additional blogs with that tag.
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AI in Action: How Consumer-Facing Industries Are Embracing the Best Applications of Machine Learning
Over the past couple of years, the retail industry has experienced a rollercoaster of trends. Propelled by the pandemic, ecommerce reached a peak in April 2020, with 19 percent of retail sales occurring online, according to the National Retail Federation. Since then, that number has dropped to 15 percent—still higher than pre-pandemic levels—as consumers return…
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We Want AI, but Where Do We Start? 3 Steps to Take You from Curious to Confident
If you recently made the decision to deploy artificial intelligence applications within your company, you likely recognize the urgency of jumping on the AI bandwagon, and are ready to see what the technology can do to improve your business operations. Committing to this time and financial investment is a big first step, but now you…
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Now or Never: The Urgency of AI-and the Consequences of Refusing to Adapt
While artificial intelligence (AI) has been dominating news headlines lately, it’s not a new concept. The idea that machines can think and execute tasks like humans dates back to the mid-19th century, from British polymath Alan Turing’s 1950s paper, “Computing Machinery and Intelligence” to the first program designed to mimic the problem-solving skills of a…
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Six Ways AI Is Changing the Way We Do Business in 2023 (and Beyond)
Artificial intelligence often captures news headlines and our attention for its flashy, wow-factor applications. But it’s not all self-driving cars and burger-flipping robots (seriously)—companies today can tap into machine learning technology to elevate the way they do business. “When people think of AI, they think about complicated computer systems running in the background, but the…
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The Financial Impact of AI: A Trend You Cannot Afford to Ignore
In 2012, Amazon purchased Kiva Systems, a robotics company that manufactured automated guided vehicles that could be used to pick products from the warehouse and pack them for shipping. The “click to ship” cycle time fell from 60-plus minutes to 15, decreasing operating costs by 20 percent, increasing inventory capacity by 50 percent, and prompting…
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