AI in Analytics
How AI Puts the ‘Smart’ in Smartphones
Artificial intelligence (AI) is a wide-ranging branch of computer science concerned with building smart devices capable of performing tasks that typically require human intelligence. From the realm of science fiction, AI has evolved to, in some applications, match human performance, with the latest facial-recognition software having a 99% accuracy rate. Strategy Analytics, a company that shares insights and analytics, states that 41% of consumers believe AI will improve their lives in some way and South Africa isn’t lagging behind the rest of the world in its development and application of this cutting-edge technology either. “We’re seeing even more companies using AI in more daring ways through innovative products or services that disrupt the status quo,’ says Dries Cronje, CEO at Deep Le...
Why Real-time Analytics are Crucial to Online Retail
In the digital age, data is a currency all on its own. The retail sector has lagged in leveraging the value of real-time data, due to a number of factors. However, given the current economic climate, they can no longer afford the luxury of remaining in the dark. The power of data is revealed through near real-time analytics, and it can deliver incredible benefits for the retail sector. Harnessing the power of daily sales and stock on hand data is the missing link in enabling Just in Time (JIT) manufacturing – the panacea where manufacturers produce just the right number of goods that are delivered at the right time to the right place to find their way into the hands of the right consumers. Visibility is the key The daily sales and stock data in retail hold a powerful repository of informat...
