Back of House USA was founded on November 22, 2017. Rodney McLeod Jr. of the Super Bowl Champion Philadelphia Eagles tapped Sir Kevin James, designer and owner of ShopCore (4 locations in DC Metropolitan Area) and his best friend Jonathan Mason, a Wall Streeter and hedge fund founder, to create a progressive men’s streetwear store that provides high-fashion to an area skipped over by brands for places like LA and NYC. BOH struggles with inventory management and digital sales. BOH is located in Pentagon City Mall, a Simon Mall next to the Pentagon, but the founders know that Brick-and-Mortar retail stores are failing generally. The founders want to explore the options of machine learning to assuage inventory concerns and promote digital sales. Exploring the journey of CEO Katrina Lake (MBA ’11), one can see how BOH must work hard to obtain the scale necessary to support this endeavor.
machine learning
Autonomous Stock Replenishment at Online Retailer OTTO
How a leading German E-commerce player has employed machine learning algorithms to forecast with 90% accuracy what SKUs will be sold over the next 30 days and reduce inventory levels by 20%.
Risk management on the path to the machine learning prize at Workday
While machine learning creates a large opportunity for cloud software-as-a-service provider Workday to build solutions beyond their core enterprise human capital management and financial forecasting software, the prospect of designing and implementing complex algorithms presents significant risks that must be managed before an unsupervised implementation. This paper digs into the opportunity and risk mitigation tactics that Workday management should take over the next 3-5 years as they launch and scale these products.
Techs and the City: Data and Machine Learning in Boston
The City of Boston faces new challenges as it seeks to harness the power of machine learning to improve performance, optimize processes, and explore frontiers in local governance.
Machine Learning vs Poachers
By using machine learning rangers of Uganda Wildlife Authority try to predict the next attack of poachers
PayPal’s Use of Machine Learning to Enhance Fraud Detection (and more)
This essay will begin by focusing on how and why PayPal is leveraging machine learning in fraud detection today. It will then consider additional potential applications of machine learning across the customer journey, and how these applications may serve to reduce costs and increase customer engagement.
Artificial Intelligence Could Become Your Surgeon’s Best Friend: Why Should You Care?
Machine learning can improve the quality of surgical care while reducing the cost – how is this possible and what should you expect in the next decade?
Amazon Go: The Future of Retail?
In 2018, Amazon launched Amazon Go, a brick-and-mortar store powered by machine learning – with no checkout lines or cashiers. Is this the store of the future?
How Alibaba leverage machine learning to disrupt retail and create pathway to reimagine online-to-offline shopping experiences
Alibaba has leveraged Artificial Intelligence (AI) to disrupt China Retail Industry for the past 19 years. Nevertheless, 81% of retail consumption in China still comes from the offline channel [1]. Realizing the importance of offline presence, the giant online e-commerce shifts its gear towards Omnichannel strategy. In 2017, Alibaba opened futuristic groceries stores, Hema, offering 30-minute deliveries and facial-recognition payment. In the same year, T-mall pop-up stores are introduced in collaboration with over 100 domestic and international brands, promoting inventive "Retailtainment” shopping experiences [2]. While offline stores around the world are suffering, the giant e-commerce leveraged AI and made a brave move to enter the physical world in an innovative means. Or this will be another significant retail disruption, reinventing offline shopping experiences…
The democratization of energy: How machine learning is empowering both the consumer and the utility
The advent of technological advancements in the power industry is fundamentally changing how we produce and consume electricity, improving grid management as well enabling the creation of new business models: Enel Green Power ('Enel') is at the forefront of this transition, and redefining what it means to be a utility company.