#TechFightsCOVID: Top 10 AI use cases to help retail enterprises amid COVID-19
COVID-19 has had an unparalleled impact on the economy with a slowdown expected in most sectors including retail. In the short to mid-term, COVID-19 and subsequent nation-wide lockdown has further worsened the challenges faced by Indian retailers. With broken supply chains, it has led to a disconnected demand and supply making it difficult for retailers to cater to customer needs. It has also forced customers to rethink their purchase requirements and has led to a shift to contactless mode of deliveries, which is bound to become the new normal going forward. Establishing the right balance between demand and supply becomes key for retailers The Holy Grail for retailers is not only to identify the target customers and their real-time needs but also to proactively procure the right products t...
How to Improve Employee Management using Big Data?
Analytics and reports with big data are the new assets into HR management and business. As data is the new fuel, businesses have adopted it as very important tool for improved customer experience, sales, productivity, and similar areas. Improving employee management and employee experience are some more and important applications of big data and analytics. In today’s date, a huge number of companies can be seen investing in tools like HR management software for big data. The dedicated HR software can help in tracking and storing helpful data. Later, this data can therefore be evaluated and improvisation in strategies can be brought. Tailored HR software with an integrated employee management system can provide crucial data like performance, KPI, and so on. HR and employee management can be...
The Future of PoCs in the New Normal: How Digitisation Will Define Business Strategy?
Since March, life as we know it has been upended rather harshly. Businesses are facing unprecedented challenges today but leaders believe this is a time for change, and meaningful innovation. Raghuram Joshi, Senior General Manager, Cloud & IoT Implementations at Robert Bosch Engineering & Business Solutions talks about the renewed vigor in virtual Business Process Continuity, the need for digitization across the spectrum especially for SMEs and MSMEs, and how new-age innovators have to spend a considerable time on a proof of concept before approaching a large enterprise to partner with. Read more Welcome, Raghu, first thank you for taking your time and talking to us on the important topic of Digitization and the steps to achieve that. It is wonderful to have you and looking forwar...
Data Warehouses vs. Data Lakes
All data-driven organizations use data in three ways: To report on the past To understand the present To predict the future Data warehouses and Business Intelligence (BI) tools support reporting and analytics on historical data while data lakes support newer use cases that leverage data for machine learning, predictions, and real-time analysis. At Qubole, we have worked with more than 300 market-leading companies to address their data platform needs and based on our experience, we can net the differences between the two technologies to the following points: Support for the diversity of use cases Support for the diversity of data types Open vs proprietary architecture Support For The Diversity Of Use Cases Data warehouses are purpose-built and optimized for SQL-based access to support BI bu...
How Automation will impact the way we work?
I happened to interview IAS officer Aditya Ranjan, who turned his passion for Robotics into reality by creating the COVID Cobot in his district Chaibasa to carry out food and medicine delivery services to COVID suspected or positive patients. It amazed me to see the work he did and I was intrigued to learn more. “The bot performs basic delivery services with ease,” he said thereby reducing risk of constantly coming in human contact with other members. “What is it that the bot cannot do then?” I enquired. “Well it cannot be empathetic. It cannot think of the next best possible creative solution. It cannot perform critical thinking activities. But it helps me and my team members perform these activities instead,” he gushed. According to the Pew Research Center Survey on ‘Automa...
How the lockdown fuelled Automation?
Washing Machine versus Hand Wash The washing machine adorns my house by occupying considerable space in the kitchen. Yet, elders in the house preferred hand washed clothes because ‘haath se dhoney par kapde zyada baariki se dhulte aur saaf hotey hai’(the hands do a better job at washing clothes leaving them cleaner than what the machine may not be able to achieve). We’re talking of BC (Before the COVID crisis) when the machine was left lonely, only to be turned to in case of emergency or when bedsheets were to be churned. Little did we know that this loner would soon become our best buddy through the COVID lockdown period effortlessly simplifying the washing and semi-drying process thereby leaving us with more time to focus on other chores. Left with no other alternative of human help, and...
How RPA Can Benefit Your Business ?
RPA or Robotic Process Automation Technology is an innovative technology used to automate the business process by using bots, otherwise known as software robots, and Artificial Intelligence (AI). It allows computer software or bots to gather data and interpret them. They use it to manipulate the data, transact, trigger necessary response, and communicate with various other systems. RPA is a technology used to perform various tasks across the business applications in the same manner as humans. It is mainly designed to reduce redundancy and avoid handing off simple tasks to human employees. Various Benefits of RPA Many organizations are implementing RPA in order to automate their business processes and reduce human labor. The implementation of RPA has benefitted the organizations in numerous...
Women Leaders in AI – 2020
The excitement of using Artificial Intelligence has not dwindled from the time it has been unfolded. In KPMG study on “living in the AI world 2020: achievements and challenges of AI across 5 industries (retail, financial service, healthcare, transportation, and technology), revealed that 92% of respondents agreed that leveraging the spectrum of AI technologies will make their companies run more efficiently. Amidst the admiration towards AI, IBM created the Women Leaders in AI program in 2019. This was a way to acknowledge the women leading in AI and encourage females to lend a hand in the field of AI. Through this IBM, planned to make the efforts of the honourees more visible to the world. 2020 IBM women leaders were honoured for outstanding leadership in the AI space. Here is the list of ...
Can AI make us more HUMAN?
If a robot dies, would it make you sad? For lots of people, the answer could be “yes”. A recent relevant example is that of an AI-powered available robot called Nao. When under an environment of controlled experimentation 89 people were asked to turn it off, most of them refused to do so because Nao pleaded to stay on. In another case, an American marketing executive had been used to sharing her home office with Jibo. For most of the time, she found it dumb and annoying. However, when soon after Jibo’s makers announced its death sentence, the same executive felt sorry for him. These and many other similar references tell us something really important about our emotional response to machines. AI is supposed to be driven by objective criterion through which an agent’s behavior is measured. T...
Can data save lives?
Imagine if all of your personal health data is available on a single digital platform! You could also possibly run some tools over it to figure out the best possible medical programs for you- or government could use it to gauge overall health of a nation. The idea is not too far-fetched since Indian Government recently launched a policy called National Open Digital Ecosystem (NODE). One of it’s main focus would be to accumulate citizen’s health data that is currently scattered across various platforms in the country. The initiative is expected to: issue guidelines for states, departments, ministries and private institutions to bring all of their data in a common format. instruct the different parties involved to allow interoperability between datasets stored in different organizations. des...