AI Articles and Reports in Consumer goods

Episode Summary: Artificial intelligence plays a role in the future of retail in terms of a deeper understanding of customers going beyond intuition. This week, we speak with Pedro Alves, CEO of a company called Ople, based in San Francisco. Alves was previously the Head of Data Science at a number of companies in addition to being Director of Data Science at Sentient Technologies, one of the best known AI firms in the Bay Area. Sentient has raised upwards of $200 million.

The business world has been talking about AI for several years now, and it's safe to say that it's reached a certain cultural moment among executives in areas like banking, insurance, and pharma. Government leaders have been much slower to start the conversation around the capabilities of AI, including the possibilities they offer to militaries and the ethical implications of AI when it comes to governance and the legal system.

It seems that the majority of AI solutions for payment processing are focused on fraud detection and prevention. Some companies claim to offer straight through processing software as well. Below, we detail four companies that all claim to offer artificial intelligence to banks and payment processors looking for solutions in two key areas:

Accenture forecasts that the retail industry could grow operating profits to $2.95 trillion by 2025. We've covered AI in retail extensively on Emerj, and in this report, we dive into the Asian startups that are offering AI solutions to retailers. Asian AI vendors seem to offer retailers solutions for marketing, sales, operations, and making purchases easier, among other areas. 

Forrester estimated that online sales in Western Europe will grow at an average of 11.9% annually until 2022. Over this period, 21% of non-grocery retail sales will be online. We see AI as continuing to find its way into the retail industry. This report specifically focuses on innovation in the European retail industry. In it, we cover vendors offering AI software across three applications:

There are several companies claiming to offer AI-based sentiment analysis solutions to companies, specifically their marketing and product development departments. In fact, some of the largest tech companies are offering these solutions to medium and large enterprises. We found these solutions are intended to help companies with at least one of the following business problems: