Could generative AI solve fashion’s excess stock problems?
Emerging technology has the potential to transform the fashion supply chain by enabling real-time tracking of demand and inventory. The rewards could be huge — but there are still big barriers to overcome. Amid fluctuating global demand and macro-economic pressures, optimising and allocating inventory for multiple locations, across multiple channels and without holding excess stock remains a challenge for many fashion businesses. Could generative artificial intelligence be the answer?AI at Work: Friend and Foe
Emerging technology has the potential to transform the fashion supply chain by enabling real-time tracking of demand and inventory. The rewards could be huge — but there are still big barriers to overcome. Amid fluctuating global demand and macro-economic pressures, optimising and allocating inventory for multiple locations, across multiple channels and without holding excess stock remains a challenge for many fashion businesses. Could generative artificial intelligence be the answer?Transforming Demand Planning With Generative AI
Linear Regression to GPT in Seven Steps
CatBoost regression in 6 minutes
CatBoost builds upon the theory of decision trees and gradient boosting. The main idea of boosting is to sequentially combine many weak models (a model performing slightly better than random chance) and thus through greedy search create a strong competitive predictive model. Because gradient boosting fits the decision trees sequentially, the fitted trees will learn from the mistakes of former trees and hence reduce the errors. This process of adding a new function to existing ones is continued until the selected loss function is no longer minimized.
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We aren’t moving away from hydrocarbons as fast as we would like. It’s a fact that 2022 has forced us to face, and while they’re here, it’s essential to produce them in the cleanest, safest, and most cost-efficient manner possible. Let’s review some interesting AI/ML applications that are helping reduce waste and costs in the upstream sector of the oil and gas industry.
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