AI Articles and Analysis in Consumer goods

The K-12 online tutoring market is a growing sector and is projected by market research firm Technavio to reach $120.67 billion by 2021. Growing numbers of students are taking college entrance exams such as the SAT and tutoring industry giants such as Khan Academy are helping students meet their test prep goals.

Food processing is one of the major manufacturing sectors in the United States. According to the United States Department of Agriculture, 16 percent of the value of shipments from all U.S. manufacturing plants comes from food processing plants. These plants employ around 1.5 million workers in this country.

Facial recognition technology has been traditionally associated with the security sector but today there is active expansion into other industries including retail, marketing and health. By 2022, the global facial recognition technology market is projected to generate an estimated $9.6 billion in revenue with a compound annual growth rate (CAGR) of 21.3 percent*.

The food service industry is an economic staple generating billions of dollars in annual revenue and representing 2.1 percent of the U.S. GDP in 2016. Technology has made on-demand food ordering possible and the industry is pivoting towards more innovative approaches to meet and exceed customer expectations. As a result, artificial intelligence applications are steadily making their way into the food service industry.

As a human, we can often understand the mood, intention, and future action of another person just by looking at them. We see their posture, their facial expression, where their eyes are focused, and we can get a decent understanding of what they might do next. The problem of computer vision for body language is a much harder problem to solve, but we are indeed making progress.

Our cities, streets, homes, and businesses are built for beings that walk on two legs (biped). From stairs to the shape of hallways to the placement of kitchen cabinets, all have been designed for bipeds. The fact that a society of two-legged creatures designed everything around them for bipeds is so obvious most people don’t even think about it, but it becomes a serious issue when talking about the future of robotics.

eCommerce is a bustling segment of the retail industry representing an estimated $102.7 billion or 8.3 percent of total U.S. retail sales in 2016. Total retail trade was approximated at 5.9 percent of the national GDP in 2016. As digital transactions become the standard method of purchasing goods and services, leading eCommerce firms are exploring how AI can enhance brand competitiveness and customer loyalty.

In the future, the vast majority of photos and videos recorded won't be seen and used by humans - they'll be seen and used by machines. This week we interview Allan Benchetrit, CEO at Algolux - a Montreal-based AI company focusing on computational imaging.