Remove Data Engineering Remove Off-The-Shelf Remove Retail Remove Technical Review
article thumbnail

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

article thumbnail

Should you build or buy generative AI?

CIO

CIOs want to take advantage of this but on their terms—and their own data. As so often happens with new technologies, the question is whether to build or buy. In the shaper model, you’re leveraging existing foundational models, off the shelf, but retraining them with your own data.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Supply Chain Control Tower: Enhancing Visibility and Resilience

Altexsoft

Source: Supply Chain Dive Over the last few years, global supply chains have been so severely disrupted – but also enhanced with cutting-edge technologies. Leading executives focus on building resilient and intelligent supply chains that can withstand the turmoil due to data-based proactive decisions.

article thumbnail

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? Process mining ?an

article thumbnail

The Good and the Bad of Apache Kafka Streaming Platform

Altexsoft

Kafka can continue the list of brand names that became generic terms for the entire type of technology. Similar to Google in web browsing and Photoshop in image processing, it became a gold standard in data streaming, preferred by 70 percent of Fortune 500 companies. process data in real time and run streaming analytics.

article thumbnail

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. There are two main approaches to demand planning: Traditional statistical methods make forecasts based on historical data and assume the continuation of existing trends. Supply chain management process. Everything starts with a plan.