Mary K. Pratt did an excellent piece on common uses for machine learning applications in business --- and I am honored to be cited as one of the sources.
Machine learning doesn't just help companies set prices; it also helps companies deliver the right products and services to the right areas at the right time through predictive inventory planning and customer segmentation. Retailers, for example, use machine learning to predict what inventory will sell best in which of its stores based on the seasonal factors impacting a particular store, the demographics of that region and other data points -- such as what's trending on social media, said Adnan Masood who as chief architect at UST Global specializes in AI and machine learning.
"Think of it as a recommendation engine built for retail," he added.
Excellent article on how machine learning applications are unlocking value across business functions. Recommended reading.
