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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

percent of all retail sales (2.3 eCommerce share of total retail sales worldwide from 2015 to 2021. To remain competitive, retailers must allow in-store customers to enjoy the benefits of online shopping. In 2017, global eCommerce sales accounted for 10.2 trillion US dollars). This figure is projected to reach 17.5

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Should you build or buy generative AI?

CIO

In the shaper model, you’re leveraging existing foundational models, off the shelf, but retraining them with your own data.” A general LLM won’t be calibrated for that, but you can recalibrate it—a process known as fine-tuning—to your own data. Every company will be doing that,” he adds. “In

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Process Mining Explained: Techniques, Applications, and Challenges

Altexsoft

an also be described as a part of business process management (BPM) that applies data science (with its data mining and machine learning techniques) to dig into the records of the company’s software, get the understanding of its processes performance, and support optimization activities. What is process mining?

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Supply Chain Control Tower: Enhancing Visibility and Resilience

Altexsoft

Leading executives focus on building resilient and intelligent supply chains that can withstand the turmoil due to data-based proactive decisions. “Control towers are the artificial intelligence (AI) of supply chain. Everyone wants to have it, but nobody quite knows how it works.” Christian Titze, vice president analyst at Gartner.

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Supply Chain Analytics: Opportunities in Data Analysis and Business Intelligence

Altexsoft

diversity of sales channels, complex structure resulting in siloed data and lack of visibility. To support the planning process, predictive analytics and machine learning (ML) techniques can be implemented. We have previously described demand forecasting methods and the role of machine learning solutions in a dedicated article.