Entries by Nikki Hallgrimsdottir

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How Retailers Are Using Purchasing Data To Create Best Selling Products

Big data helps retailers make better decisions. With the right data operation in place, any customer purchase or point-of-contact can become a useful piece of information that determines product strategies and identifies areas of improvement. Purchasing data, in particular, makes it easy to identify items or trends that are already popular with customers, guiding retailers towards offering customers products that they’re already interested in.

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Prescriptive Analytics for Inventory Management in the Era of Big Data

Inventory management is no longer a matter of guesswork. Thanks to machine learning and prescriptive analytics techniques, better decision-making in operations management makes it easier to predict demand for inventory based on a variety of different factors. With help from all kinds of data, inventory management decisions can be made correctly and successfully to create […]

Data Science for Decision Making

Across the world, the demand for data scientists is skyrocketing — and so far shows no sign of slowing down. Experts predict that in the United States alone, there will be more than a quarter of a million open positions for data scientists by 2024 as data scientists continue to become an essential component of the modern workforce. Businesses […]

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What Is Prescriptive Analytics?

Descriptive analytics is one of the first steps in data processing: summarizing historical data to produce useful information and prepare data for further analysis. Predictive analytics utilizes statistical techniques such as data mining, predictive modeling and machine learning to analyze historical facts and make future predictions. Prescriptive analytics takes elements of both descriptive analytics and predictive analytics to turn data into optimized predictions.

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Techli: This Michigan startup may be the world’s first supply chain analyst bot

Algo.ai of Troy, Michigan advertises itself as the world’s first supply chain analyst work bot. What does that mean exactly? It means their technology combines artificial intelligence (AI), augmented reality (AR), and workflow automation to provide unique solutions for retail and distribution industries. The startup’s founder and CEO Amjad Hussain has more than two decades of experience in building […]

Top Business Intelligence Trends for 2019

Business intelligence continues to transform the way organizations make informed decisions. Over the past few years, revolutions in artificial intelligence and data collection have made it easier for businesses to gather insights, make predictions and streamline operations. Tableau, an industry-leading data analytics software company, recently released its 2019 Business Intelligence Trends report to highlight some of tomorrow’s […]

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Media Play News: Sony Alums Join Data Analytics Company’s New International Division

Algo.ai has created an international division based in London. The company has named Aodan Coburn, formerly EVP International at Sony Pictures Home Entertainment, as president, Algo.ai International. Miguel Geli, previously division CIO for Sony Pictures and European MD of Sony Retail Services Europe, has been appointed COO, Algo.ai International. “Algo.ai is a company with significant […]

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AI in Retail: Personalization is Changing Brick-and-Mortar Shopping

For decades, consumers have relied on friends and family, product reviews and tastemakers when making purchasing decisions. A loved one could recommend a particular brand of tools that’s worked well over the years. A consumer watchdog publication could inform and educate on which car models offer the most reliability. A fashion magazine could highlight the […]

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TOPBOTS: Essential Enterprise AI Landscape

Algo.ai (Algomus) is featured in the updated 2018-2019 edition of TopBots’ Enterprise AI landscape which highlights the most interesting companies currently using AI to tackle business challenges. Since TopBots first started tracking applied AI companies in 2017, the industry has grown tremendously and we’re thrilled to be included in the list of innovators continuing to enable novel […]