Forbes: Data Quality And AI Business Value: Iteratively Solving A Chicken-And-Egg Problem
This contributed story by Dr. Michael Feindt, strategic advisor with Blue Yonder, originally appeared in Forbes on Sept. 22, 2021. Excerpts from the story below. To see the full story Forbes.com.
What came first: artificial intelligence (AI) value off the back of strong data or data value off the back of AI?
This “chicken and egg” conundrum is not only a headscratcher for businesses contemplating the future role of machine learning (ML) in their supply and demand planning. More often than not, it’s actually proving to be a reason — or excuse — for not investing in ML’s capabilities at all.
The thought process is that, just like the “chicken and egg” cliché, there’s no right answer. Therefore, investing in AI comes with a gamble that it won’t work because the datasets won’t be strong enough to optimize the technology.
In The News
- Wall Street Journal: Stores Have Too Much Stuff. Here’s Where They’re Slashing Prices.
- Chain Store Age: CSA Exclusive: Walgreens opens inventory visibility
- Forbes: A Smarter Supply Chain: Could Hardware Accelerate Software Adoption In Retail?
- Forbes: Walgreens’ Digital Commerce Evolution
- Chain Store Age: Blue Yonder ICON offers insight from Walmart, Forrester
- Logistics Viewpoints: Five Advanced Technologies That Are Revolutionizing Logistics
- Logistics Viewpoints: Mastering Profitable Omni-Channel Logistics, Despite Disruptions
- TechTarget: Data preparation in machine learning: 6 key steps
- Yahoo! News: Fight Inflation: Buy These 10 Items Now Before Prices Go Up
- Retail Today: 5 Trends Reshaping the Retail Landscape
Media Relations Inquiries
Marina Renneke, APR
Corporate Communications Director
mediarelationsteam@blueyonder.com
480-308-3037
Analyst Relations Inquiries
Celeste White
Senior Director, Global Analyst Relations
analyst.relations@blueyonder.com