How Artificial Intelligence and Machine Learning can be used for your project or work?

Course Discussions AI and ML for Managers
#87
  1. Introduction:
  • Provide an overview of the importance of inventory forecasting in supply chain management.
  • Introduce the use of AI and ML in improving inventory forecasting accuracy and efficiency.
  1. Background:
  • Describe your company or organization and its inventory management processes.
  • Explain the challenges faced in traditional inventory forecasting methods, such as manual forecasting or simplistic models.
  1. Implementation of AI and ML:
  • Detail how AI and ML techniques were integrated into the inventory forecasting process.
  • Discuss the selection of AI/ML algorithms and technologies used, such as neural networks, decision trees, or time series forecasting models.
  • Explain the data collection and preprocessing steps involved, including gathering historical sales data, inventory levels, and external factors like market trends or seasonality.
  • Highlight any customizations or modifications made to the algorithms to suit your specific business needs.
  1. Results and Benefits:
  • Present the outcomes of implementing AI and ML in inventory forecasting.
  • Showcase improvements in forecast accuracy, reduction in stockouts or overstock situations, and optimization of inventory levels.
  • Quantify the benefits achieved, such as cost savings, improved customer satisfaction, and increased operational efficiency.
  1. Case Study Examples:
  • Provide specific examples or case studies illustrating successful inventory forecasting outcomes using AI and ML.
  • Include before-and-after comparisons, demonstrating the impact of AI-driven forecasting on inventory management metrics.
  1. Challenges and Lessons Learned:
  • Discuss any challenges or limitations encountered during the implementation process.
  • Reflect on lessons learned and strategies for overcoming obstacles in adopting AI and ML for inventory forecasting.
  1. Conclusion:
  • Summarize the key takeaways from the case study.
  • Emphasize the importance of AI and ML in modernizing inventory forecasting practices and driving business success.
  1. Future Directions:
  • Offer insights into future developments or enhancements planned for your AI-driven inventory forecasting system.
  • Discuss potential areas for further optimization or expansion of AI and ML applications in supply chain management.
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#88

Case Study: Using AI and ML for Bike Demand Prediction in a Bike-Sharing System

Industry: Transportation

Challenge: Accurately predict bike demand at different locations and times to optimize resource allocation and user experience in a bike-sharing system.

Solution: Develop a machine learning model that can predict bike demand using historical rental data and various influencing factors.

Data:

  • Rental data: Includes information like timestamps, user types (casual, registered), locations, and weather conditions.
  • External data: Weather data, holidays, and seasonality information.

Machine Learning Model:

  • A LightGBM (Light Gradient Boosting Machine) regression model is chosen due to its efficiency and accuracy in handling large datasets with various feature types.
  • The model is trained on historical data, considering factors like:
    • Temporal features: Day of the week, hour, month, season, year.
    • Weather features: Temperature, humidity, wind speed, and weather description.
    • User type: Casual or registered user.
    • Location: Specific docking station or area.

Benefits:

  • Improved resource allocation: By predicting demand accurately, the system can distribute bikes efficiently across different locations, reducing situations of empty stations or overflowing stations with no available bikes.
  • Enhanced user experience: Users can easily find available bikes at their desired locations, reducing waiting times and frustration.
  • Data-driven decision making: The model’s insights can inform strategic decisions like expanding the network to high-demand areas, optimizing pricing strategies, and improving maintenance schedules.

Challenges:

  • Data quality and availability: Ensuring the accuracy and completeness of historical data is crucial for model performance.
  • Model interpretability: Understanding how the model arrives at its predictions can be challenging, making it difficult to identify and address potential biases.
  • Continuous improvement: The model needs to be constantly updated with new data and re-trained to adapt to changing user behavior and environmental factors.

Overall, AI and ML offer a powerful solution for bike-sharing systems to predict demand, optimize resource allocation, and improve user experience. By addressing data quality, interpretability, and continuous improvement, this technology can play a significant role in the future of sustainable transportation.

#89

Hello All,

I would like to lay emphasis on product recommendation engines and analyzing the purchasing habits and shopping patterns for various customers through data analytics. This is not only applicable online, but every store company these days uses this data to arrange products in stores accordingly. You may find that the store has rearranged the items after probably a week or so. These days almost ever website we access gathers cookies to understand the consumer behaviour which can be further used for marketing, analyzing the most popular content and showing targeted ads.

#90

AI-powered voice recognition and NLP technologies can enable customers to interact with banking services using natural language commands and speech recognition. This improves accessibility and enhances the user experience for customers who prefer voice-based interactions.

#91

Currently, my research focuses on formulating a mathematical model using a partial differential equation to predict the growth of solid malignant tumours. As I am learning AI and ML, I aim to design an ML pipeline to integrate growing tumour imaging data (such as Magnetic resonance imaging (MRI) scan, Computed tomography (CT) scan, and Mammography, etc) with the mathematical model.

Consider a scenario where we aim to predict the growth of a solid tumour, such as a brain tumour, breast cancer, liver cancer, etc. To achieve this, we will start by collecting MRI data, including multiple tumour size measurements taken over time. Then, we will create a partial differential equation (PDE) using the provided clinical data, typically a form of reaction-diffusion equation. This equation will encompass parameters like cell proliferation rate, diffusion coefficients, and nutrient availability. Subsequently, we will develop a machine-learning pipeline to combine the MRI data with the mathematical model. Integrating AI, ML, and mathematical modelling based on PDEs presents a robust approach to forecasting cancer growth and enhancing the treatment. By harnessing expertise from multiple fields, such as mathematics, computer science, and oncology, this methodology has significant potential to advance precision medicine in cancer care.

#92

I am working for an IT company in Bangalore, India. We are US based company with about 16000 employees across globe.
I would like to use AI/ML technology in my company for the below use case:
Use case:- To create a dynamic internal platform that connects with the employees with open opportunities within the company based on skills, interests and career aspirations.
Profile manager- Employees to create their profile highlighting their skills with proficiency levels, Identify career preferences, target roles, preferred functions & ideal work locations. This information is used by the platform to match with the suitable opportunities and notify the employees so that they can apply for the position.This will help employees to change the job within the company, take higher role to grow and meet the career aspirations.
Thanks & Regards
Manjunath Bhat

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#93

I would like make a progress using AI and ML for the healthcare domain with having patient experience
with the alerts on disease , medication and do and don’t’s based on the climate condition and lot of things because it a sector where very large space is available to make a innovation

thanks
kamil shaikh

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#94

I work at one of the world’s largest US-based marketplace product companies. I am currently using AI across 2 workstreams:

  1. A conversational chatbot using OpenAI APIs to help users arrive at the desired inventory and offer a curated list of results that serves their affinity
  2. Realtime curation of inventory based on trending tags (trending here are inventory categories that are trending in a given geo radius) to offer users a locally relevant user experience
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#95

In my day-to-day work there are many repeatitive task which doesn’t need any intelligence to perform it. For example, I need to refer few documents and answers queries from developers accordingly. I think AI can be used to understand the query from developer, read the documents to find the required info and post it back to the developers.
Also there are few defects which gets high priority just if the title has mention of ‘Submission failure’. This also can be done by AI by reading and recognizing the title as ‘Submission failure’

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#96

AI/ML for image perception for sign recognition in source data, translating to geospatial data

AI/ML for natural language processing to identify key geospatial information from digital articles.

AI/ML for natural language processing of customer feedback for faster integration to geospatial data

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#97

Dear All
In Our Company , We collect a huge amount of Data through our Inhouse App.
The Data Includes Pictures and Datas taken from the field by the field staff.
I would like AI and ML to analyse the image and give details about

  1. Client’s product visibility Vs their’s Competitors visibility,
    2.Availability of Products in the shelf and give stock out reports
  2. Analyse the coverage pattern of the field team and provide them a optimal route plan that will minimise their travel
  3. Give Visit Report and deviation visit report for the field team
  4. Automate PPT from the images taken
  5. Live dashboard from the Data
    Regards,
    Arunkumar S
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#98

Hello,

ML is our project is helping us to reduce junk data from products. Additionally, it also helps us in drafting MoMs, emails and summarizing the content from the pages. It also helps us to make product decision, thou not extensively.

Thanks.

#99

Scope of AI and ML is manifold.we have an AI and ML practice as well. specifically for my products and my role. i am trying to understand the use cases better by understanding AI better via this course so that i will be able to understand and support initatives on AI. we have vast amounts of data being collected.

#100

Hi everyone,
Currently working on how AI recommend the spam or ham mails.

#101

We integrated a speech-to-text API into our workflow, significantly improving productivity and turnaround times for transcribing legal recordings. This automation allowed us to handle more projects with faster delivery and reduced the team size without compromising accuracy. The AI system, capable of understanding various accents, helped maintain high-quality transcriptions, enabling us to scale and take on additional projects efficiently.

#102

AI/ML with natural language processing to ease access/queries to internal daashboards

#103

Hi,

I’m working in mapping industry and I believe ML can help to detect change in reality hence we can maintain map freshness which reflect with reality

Regards,
Triawan

#104

I work in financial instituion, where we are using AI/ML models can be used in the following cases

We receive notifications from other financial institutions like exchanges, despositories etc. Example, Change in exhange codes, symbols, trade settlement time etc. We receive close to 100 notifications in day (average) from other financial insitution. Right now, these notifications are manually read by an employee to understand the impact of the Change Notification. We can develop ML model, which would digest different notifications received and help to classify them as Impact/Non Impact notification

#105

Hi All,

I belong from healthcare recruitment sector, I would recommend using AI and ML in day to day manual activities we do on internal tools which can automated to reduce time and increase productivity. With the help of ML we will be able to identify the weeks or months where revenue is low and how we can work on converting those durations.

#106

In my work, I use AI and ML to make everyday tasks easier and more efficient. For example, I use machine learning to analyze customer feedback and spot trends, helping me decide on improvements faster. AI tools also automate routine tasks, so I can focus on creative problem-solving. This technology feels like a helpful partner that makes my work smoother and my decisions smarter.

Thanks
Sakshi Rai