Meet Baylor’s expert on artificial intelligence and deep learning – Baylor University

Artificial intelligence (AI) used to be a fantasy, found only in science fiction. Today, it propels society forward in countless ways; even the phones in our pockets include multilingual translators, photo apps that recognize faces, and intelligent assistants that can understand spoken commands (thanks, Siri).

This is all made possible through the process of deep learning and Dr. Pablo Rivas, an assistant professor of computer science at Baylor, has literally written the book on the subject. (Were serious; check out Deep Learning for Beginners.)

I first fell in love with the field of AI and the principles that can explain human intelligence 20 years ago, when it was all beginning, says Rivas. Now, the industry is booming. And while the advances are incredible, they can also be a little disarming.

For example, AI has made it possible for individuals to receive personalized recommendations on products and services. This is concerning for those who feel devices are always listening. With that in mind, Rivas has been working with the IEEE Standards Association to study and design ethical practices for AI. Here, Rivas hopes to ensure consumers theyre being treated fairly.

AI is definitely changing society, and therefore we have to care for its responsible study and implementation, he explains.

[LEARN MORE about Rivas research in this Baylor Connections interview]

When it comes to teaching, Rivas recognizes the competitive nature of the industry and seeks to cultivate a collaborative, encouraging learning structure.

Unfortunately, there is a toxic culture among students and researchers in AI, and I believe our best work cannot flourish that way, says Rivas. I personally and intentionally make an effort to mentor students beyond simply directing their immediate research projects and help them ponder and brainstorm long-term plans that can benefit their careers. This has proven to be a stress-free exchange of ideas and knowledge in an environment that shows compassion for students.

Rivas and his colleagues have several projects in the works. Recently, theyve learned the National Science Foundation (NSF) will fund one of their studies using machine learning algorithms to observe different species spectral signatures and properties. In another venture, they are exploring quantum machine learning. Whatever the project is, Rivas has one goal: to make technology smarter and safer for all.

Sic em, Dr. Rivas!

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Meet Baylor's expert on artificial intelligence and deep learning - Baylor University

Artificial Intelligence: Poised To Transform The Massive Construction Industry – Forbes

MIAMI, FLORIDA - MAY 17: Construction workers are seen as they work with steel rebar during the ... [+] construction of a building on May 17, 2019 in Miami, Florida. The Trump administration announced today, that within two days it will be lifting tariffs on Canadian and Mexican steel imports, nearly a year after imposing the duties. (Photo by Joe Raedle/Getty Images)

In May, Procore Technologies launched its IPO and the shares jumped by 31%.The company, which operates a leading cloud-based platform to manage construction projects, has over 800 customers and the ARR (Annual Recurring Revenue) is more than $400 million.

But if you look at the S-1 filing, there are some interesting details about the construction industry.For example, the investment in technologies has generally lagged (this is based on research from McKinsey) and the levels are only more than for agriculture and hunting.

The construction industry has historically been comprised of fragmented project teams which used complex work processes that were executed in siloed systems, said Karthik Venkatasubramanian, who is the Global Vice President of Data Strategy and Development at Oracle Construction and Engineering.Given the hands-on nature of construction work, the industry has traditionally relied on human experience and expertise to complete projects, and the potential benefits of adopting technologies were often overshadowed.

Yet things are starting to change.One of the biggest catalysts has been the impact of the COVID-19 pandemic, which has meant much more urgency for adopting digital solutions.

Venture capital investment continues to flow into the space, said Lauren Weston, who is an associate at Thomvest Ventures.

But COVID-19 is just one of the factors.Some of the others include the increase in infrastructure investments from governments, the chronic labor shortages, the need for sustainable solutions, and supply-chain disruptions.

Yet traditional software is likely not to be enough.If anything, AI is poised to play a critical role in the transformation of the construction industry.

AI can compute massive volumes of data that traditional approaches have not been able to previously, said Vamshi Rachakonda, who is the Vice President and Sales Lead for Manufacturing, Auto and Life Sciences at Capgemini Americas.This is especially true for processing and mining unstructured data such as photos, videos, and text and converting them to insights and intelligence.

Another key to AI is that it allows for moreproactive approaches.Most of the current reports and dashboards are being used to focus on what has happened or what is happening on projects, typically after an event or task has occurred, said Venkatasubramanian. But with AI, you can ask what might happen? This can be a total game-changer when done right, as it has the potential to help deliver projects ahead of time, improve profit margins, and reduce risks significantly.

Innovative AI Startups

An interesting startup that is leveraging the power of AI in construction is OpenSpace.The company has a 360 camerawhich attaches to a hardhatthat seamlessly collects data at a job site.The OpenSpace platform then processes the images to create a digital twin of the project, which makes it easier for tracking and collaboration.

The company also recently launched a new product called ClearSight that uses AI to overlay images of framing, drywall, paint and more to allow for efficient project progress tracking via machine vision, said Shawn Carolan, who is a Managing Partner at Menlo Ventures.

Another company that is successfully using AI for construction is Measure Square, which is a leader in measure estimating technology.Its platform manages 40,000 to 50,000 floorplans a month.With this data, its AI system is able to interpret paper-based floorplans and make them interactive.

We have two key steps for this, said Steven Wang, who is the CEO and founder of Measure Square.First, we use takeoff data from the plans, which helps detect the walls, doorways and so on.Then we have a sophisticated computer vision model to improve the results.

The Future

Again, AI is still in the early phases when it comes to the construction industry.But given the advances in this technology and the innovative ways to collect data, the prospects look bright for digital transformation.

AI can help reduce or remove a very real tech barrier when working on one-off, bespoke projects, said Paul Donnelly, who is the marketing director for engineering, procurement and construction for AspenTech.By sorting through and leveraging data from previous projects and industry standards, AI can help streamline the tech set up for each new project. This makes the use of newer tech in construction viable compared to when the tech has to be set up manually for each project.

Tom (@ttaulli) is an advisor/board member to startups and the author of Artificial Intelligence Basics: A Non-Technical Introduction, The Robotic Process Automation Handbook: A Guide to Implementing RPA Systems and Implementing AI Systems: Transform Your Business in 6 Steps.

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Artificial Intelligence: Poised To Transform The Massive Construction Industry - Forbes

#Artificial Intelligence in Healthcare – Sim&Cure Announces the Appointment of Dan Raffi as Chief Operating Officer and Board Member – Yahoo Finance

Paris --News Direct-- Sim&Cure

Sim&Cure, leading medtech start-up providing a unique software solution combining Digital twin and AI technologies to secure neurovascular treatment of cerebral aneurysms, announces the appointment of Dan Raffi as Chief Operating Officer and member of the Board of Directors.

We are excited to announce that Dan Raffi, PharmD, MBA has joined Sim&Cure as our new Chief Operating Officer on October 1st.

Dan is a veteran of the healthcare industry, with a track record of over 10 years at an executive level. Dan has held various leadership positions in big pharmaceutical companies such as Allergan (AbbVie) and Medtronic, a worldwide leader in medical devices.

Dan brings with him extensive experience in leadership and in managing unique business transformations. Mathieu Sanchez, Sim&Cure CEO statesBringing a seasoned leader like Dan will ensure the next phases of our transformation and will help us to reinforce our leadership in innovation using Digital twin and AI in endovascular procedures.

Until recently, Dan was the Vice President of Global Marketing for Medtronic Neurovascular and previously led the Neurovascular division in Europe, Middle East, & Africa & Russia for 3 years. Over his past 7 years in Neurovascular, Dan developed unique and disruptive partnership at international level with governments and with many external partners like MT2020, RapidAI, Viz.Ai and Sim&Cure.

Ive been watching Sim&Cure for the past 7 years and I never forgot my first support to the company. There were 3 employees working in a garage (a kind of French Dream!). In 7 years, Sim&Cure established unique computational and AI algorithms which position their products as THE cutting-edge technology in endovascular procedures. This technology is already the standard of care across the globe as it reduces the procedure time, improves the safety and performance for patients and reduces the procedure cost for hospitals and healthcare systems. In the coming decade, AI will be the next revolution in the healthcare industry, and this is one of the reasons I decided to join Sim&Cure. said Dan Raffi.

Story continues

In his role, Dan will collaborate with Christophe Chnafa, Chief of Innovation & Strategy Officer, to define the product portfolio roadmap to reinforce Sim&Cures leadership, to expand the geographic footprints of the company, and finally to define the next generation of partnerships with the rest of the industry and hospitals.

This phase is a critical moment for Sim&Cure and I can lean on very well established, dynamic, agile teams. I know many of them after 7 years of collaboration and it is obvious that these teams are ready to overachieve the needs of healthcare providers and the expectations of investors. We have all the attributes to be successful and, as an entrepreneurial leader, it is a privilege to join a team with this level of expertise and agility said Dan Raffi.

We are #HIRING

If you are interested in joining a human adventure in artificial intelligence, we are #hiring, so please send an email with your resume to Pierre Puig @ p.puig@sim-and-cure.com HR Director

About Sim&Cure

Founded in 2014 and located in the vibrant medtech ecosystem in Montpellier, France, Sim&Cure is an AI startup focused on improving endovascular surgery. The first focus of the company is the treatment of cerebral aneurysms with a proprietary software suite Sim&Size (a CE marked and FDA cleared Class IIa medical device) that has already been used to treat more than 7000 patients in 350 hospitals.

The company employs 45 people and anticipates a phase of strong growth with additional recruitment in 2022 to continue to improve patient care.

Learn more about Sim&Cure:

http://www.sim-and-cure.com

Learn more about Mathieu Sanchez

https://www.linkedin.com/in/Mathieu-sanchez-4a764637/

Learn more about Dan Raffi:

https://www.linkedin.com/in/dan-raffi-7491171b/

Learn more about Christophe Chnafa:

https://www.linkedin.com/in/christophe-chnafa

Dan Raffi

d.raffi@sim-and-cure.com

View source version on newsdirect.com: https://newsdirect.com/news/artificial-intelligence-in-healthcare-simandcure-announces-the-appointment-of-dan-raffi-as-chief-operating-officer-and-board-member-910528937

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#Artificial Intelligence in Healthcare - Sim&Cure Announces the Appointment of Dan Raffi as Chief Operating Officer and Board Member - Yahoo Finance

Artificial Intelligence Myth Vs Reality: Where Do Healthcare Experts Think We Stand? – Forbes

Artificial intelligence's applicability in healthcare settings may not have lived up to corporate ... [+] and investor hype yet, but AI experts believe we're still in the very early stages

The AI in healthcare: myth versus reality discussion has been happening for well over a decade. From AI bias and data quality issues to considerable market failures (e.g., the notorious missteps and downfall of IBMs Watson Health unit), the progress and efficacy of AI in healthcare continues to face extreme scrutiny.

John Halamka, M.D., M.S., is President of The Mayo Clinic Platform

As President of the Mayo Clinic Platform, John Halamka, M.D., M.S., is not disappointed in the least about AIs progress in healthcare. I think of it as a maturation process, he said. Youre asking why your three-year-old isnt doing calculus. But can your three-year-old add a column of numbers? Thats actually not so bad.

In an industry as complicated and high-stakes as healthcare, the implementation of artificial intelligence and machine learning comes with challenges that have created a credibility gap. Among the many challenges that Halamka and others acknowledge and are working to address include:

Its not all gloom and doom, though, especially when it comes to AI and machine learning for healthcare administration and process efficiency. For example, hospitals and health systems have successfully employed AI to improve physician workflows, optimize revenue cycle and supply chain management strategies, and improve the patient experience.

Iodine Software is one such company thats making an impact in hospital billing and administration through its AI engine, which is designed to help large health systems capture more mid-cycle revenue through clinical documentation improvement (CDI). The companys co-founder and CEO, William Chan, agrees that perceived shortcomings of AI are an overgeneralization.

"The impression that AI hasn't yet been successful is an assumption when you look primarily at the big headline applications of AI over the past 10 years. Big tech has, in many cases, thrown big money at broad and highly publicized efforts, many of which have never met their proclaimed and anticipated results," said Chan. "There are multiple examples of AI in healthcare that can be deemed successful. However, the definition of success is important, and each use case and AI application will have a different definition of success based on the problem that the 'AI' is trying to solve."

And when it comes to solving problems in clinical care delivery, AI-driven clinical decision support (CDS) solutions are another animal altogether. But for those deep in the field, who have been studying, testing and developing AI and machine learning solutions in healthcare for decades, the increase in real-world evidence (RWE) and heightened focus on responsible AI development are reason enough to be hopeful about its future.

Real World Evidence (RWE) and Clinical Effectiveness: An Exciting Time for Healthcare AI

Dr. Suchi Saria is Founder and CEO at Bayesian Health, and the John C. Malone Associate Professor at ... [+] Johns Hopkins University

Personally I think its a very exciting time for AI in healthcare, said Suchi Saria, Ph.D, CEO and CSO at Bayesian Health, an AI-based clinical decision support platform for health systems using electronic health record (EHR) systems. For those of us in the field, weve been seeing steady progress, including peer-reviewed studies, showing the efficacy of ideas in practice.

This spring, Bayesian Health published findings from a large, five-site study that analyzed the impact of its AI platforms sepsis model. The two-year study showed that Bayesian's sepsis module drove faster antibiotic treatment by nearly two hours. Of note, while most CDS tools historically have adoption rates in the low teens, this study, over a wide base of physicians (2000+), showed sustained adoption at 89%. Another separate, single-site study found a 14% reduction in ICU admissions and 12% reduction in ICU length of stay, which translated to a $2.5M annualized benefit for the 250 bed study site hospital.

A 2020 study from scientists at UCSF Radiology and Biomedical Imaging also showed AIs promise in improving care for those with Glioblastoma, the most common and difficult to treat form of brain cancer. Using an AI-driven "virtual biopsy" approach beyond the scope of human abilities UCSF is able to predict the presence of specific genetic alterations in individual patient's tumors using only an MRI. UCSF found that it was also able to accurately identify several clinically relevant genetic alterations, including potential treatment targets.

Most recently, Johns Hopkins Kimmel Cancer Center researchers found that a novel AI blood testing technology they developed could detect lung cancer in patients. Using the DELFI approach DNA evaluation of fragments for early interception on 796 blood samples, researchers found that, when combined with clinical risk factor analysis, a protein biomarker, and computer tomography imaging, the technology accurately detected 94% of patients with cancer across different stages and subtypes.

Abroad, AI is bringing precision care to cardiology with impressive results through HeartFlows AI-enabled software platform a non-invasive option to assist with the diagnosis, management and treatment of patients with heart disease. HeartFlows technology has proven to limit redundant non-invasive diagnostic testing, reduce patient time in hospital and face-to-face clinical contact, and streamline hospital visits, while demonstrating higher diagnostic accuracy compared to other noninvasive tests with an 83% reduction in unnecessary invasive angiograms and significant reduction in the total cost of care.

Data Quality, Availability, Labeling, and Transparency Challenges

In her dual role as director of machine learning and professor of engineering and public health at Johns Hopkins University, Saria lives and breathes AI research, analysis and development. She also deeply understands the benefits, challenges and possibilities of the marriage between AI and real world datasets, including those in EHRs. Bayesian makes the EHR proactive, dynamic and predictive, said Saria, by bringing together data from diverse sources including the EHR to provide a clinical decision support platform that catches life threatening disease complications early, with their sepsis module and results being just one example of a clinical impact area.

However, as anyone working with EHR data can attest to, issues with EHR data quality and usability remain an issue. As Saria notes, In order to draw safe, reliable inferences, you're going to need high-quality approaches that correct for the messiness that exists in the data.

AI is only as good as the curated training set that is used to develop it, said Halamka, noting that EHR data is, by its very nature, incomplete and highly-unfit for purpose. EHR data repositories may only have a small subset of data, for example, or limited API functionally, and thus might not have the richness to develop a comprehensive algorithm.

At Mayo, there is an AI model for breast cancer prediction that has 84 input variables; the EHR data is only a small portion of that. Additionally, in order to account for social determinants of health (SDoH) which drive 80% of an individuals health status and other information thats material to the model, Halamka noted that youre going to have to go beyond traditional EHR data extraction.

EHR vendor AI adoption tactics and results have also been scrutinized. Algorithms from industry EHR giant Epic were found to be delivering inaccurate or irrelevant information to hospitals about the care of seriously ill patients, a STAT News investigation found. Additionally, STAT found that Epic financially incentivizes hospitals and health systems to use its AI algorithms for sepsis. This is concerning for many reasons, chief among them being false predictions and other concerns voiced by health system leaders who have used the algorithm, as well as adding to AIs longstanding credibility problem. It also makes clear the industrys need for broader AI standards and oversight.

Fixing AIs Credibility Problem: Responsible AI Development

To develop a responsible AI model and help to fix AIs credibility problem Halamka notes that there are a number of data must-haves: a longitudinal data record, including structured and unstructured data, telemetry and images, omics, and even digital pathology. Importantly, AI developers also need to continually evaluate the purpose of the data over the course of its lifetime in order to account for and correct dataset shifts.

Left unchecked, a dataset shift can severely impact AI model development. Dataset shifts occur when the data used to train machine learning models differs from the data the model uses to provide diagnostic, prognostic, or treatment advice. Because data and populations can and will shift, AI developers need to continually monitor, detect, and correct for these shifts, which means continuous evaluation. Evaluation not just of performance and models, but of use, said Saria, adding that overreliance can lead to overtreatment.

On top of dataset quality and shifts, there are also financial obstacles to getting usable data. While one of the most exciting domains for AI is in medicine and healthcare, labeled data is an incredibly scarce resource. And its incredibly expensive to get it labeled, said Nishith (Nish) Khandwala, founder of BunkerHill, a startup and consortium connecting health systems to facilitate multi-institutional training, validation and deployment of experimental AI algorithms for medical imaging.

Born out of Stanford University's Artificial Intelligence in Medicine and Imaging (AIMI) Center, BunkerHill does not develop AI algorithms itself, but instead is building a platform and network of health systems to allow them to test algorithms against different data sets. This kind of validation and health-system partnership is aimed at addressing the legal and the technical roadblocks to collaboration across different health systems, which BunkerHill partner UKHC calls key to successful AI development and application in radiology.

Taking a step back, there are a number of other questions and problems that AI developers must consider when initially creating an algorithm, explained Khandwala. What does it even mean to make an algorithm for healthcare? What problem or subset of a problem do you start with? Another challenge is bringing AI to market, which is a moving/non-existent target at the moment.

For medical devices and novel drug development, there is a clear, established regulatory process: there are documented procedures and institutions to guide the way. That does not exist with AI, said Khandwala.

And this continues to be an issue for AI development: While there is an established methodical, research-first mindset and regulatory process when it comes to drug discovery, research, development and clinical validation as youd expect to see in any other scenario of invention for therapeutic benefit this is not the case when it comes to AI, where the healthcare industry is still learning how to evaluate these types of solutions.

Standards, Reimbursement and Regulatory Oversight

Dale C. Van Demark is a Partner at McDermott Will & Emery and co-chair of its Digital Health ... [+] practice

The industry is also still evaluating how to pay for AI solutions. Figuring out how a new delivery tool actually gets traction as a commercial product can be very difficult because the healthcare payment system and all the ways we regulate is a fairly unusual marketplace, said Dale Van Demark, Health Industry Advisory Practice partner at McDermott Will & Emery.

Healthcare also operates under a highly complex and regulated set of payment systems federal, quasi federal, private and employer plans with myriad experimentations happening in terms of new care models for better, quality care, said Van Demark. And within all of that, you have lots of regulatory and program integrity concerns especially in Medicare, for example.

And anything having to do with the delivery of care to an individual is ultimately where you get the most regulation. Thats where the rubber meets the road, Van Demark says, though he doesnt see the FDA regulatory process today to be particularly challenging when it comes to getting an AI product to market. The challenge is in figuring out the business of that technology in the market, and having a deep understanding of how that market works in the regulatory environment.

Jiayan Chen is a Partner at McDermott Will & Emery

Another challenging component? Getting real-world evidence. For AI to be paid for, you need data that shows your product is making a difference, says Jiayan Chen, also a partner in the Health Industry Advisory Practice Group of McDermott Will & Emery. To do that, you need massive quantities of data to develop the tool or algorithm, but you also have to show that it works in a real-world setting.

Chen also sees issues stemming from the constant blurring of lines in terms of the frequently changing roles of an AI developer. At what point are you engaging in product development and research, or acting as a service provider? The answer to that will determine the path forward from a regulatory standpoint.

So what should an AI development process look like, and who should be involved? In terms of developing an AI certification process, similar to the early days of Meaningful Use, EHR software certifications and implementation guides, Halamka notes that there will eventually be certifying entities for AI as well to ensure an algorithm is doing what its supposed to do.

AI oversight should not be limited to government bodies. Starting this year, Halamka predicts healthcare will see new public-private collaborations develop to tackle concerns about AI bias, equity and fairness, and wants to see more oversight and higher standards in terms of published studies. Medical journals shouldnt publish the results of an algorithm model unless it has a label that says it's been peer-reviewed and clinically validated.

At the moment, theres no governing body explaining the right way to do predictive tool evaluations. But the idea is to ultimately give the FDA better tools for avoiding common pitfalls when evaluating AI and predictive solutions, says Saria; for example, only considering workflow implications instead of looking deeper at the models themselves, or incorrectly measuring impact on health outcomes.

This is also what she is focused on in her role at Bayesian Health: evaluating the underlying technology, making it easy to use and actionable in nature, monitoring and adjusting models in real time, and making sure everything is studied and clinically validated.

Its not rocket science; were doing things that everyone should be doing.

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Artificial Intelligence Myth Vs Reality: Where Do Healthcare Experts Think We Stand? - Forbes

Combatting Cyber Threats With Artificial Intelligence ("AI") – Will The New EU AI Regulation Help? – Technology – European Union – Mondaq…

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In 2021 cyber threats have been trending to increased ransomwareattacks, commodity malware and heightened Dark Webenablement. INTERPOL reported that the projected worldwidefinancial loss to cyber crime for 2021 is $6 trillion, twice asmuch as in 2015, with damages set to cost the global economy $10.5trillion annually by 2025. Globally, leading tech experts reportedthat 60% of intrusions incorporated data extortion, with a 12-dayaverage operational downtime due to ransomware.

With the acceleration to cloud, companies are taking advantageof cybersecurity in an effort to meet the threat of fast-evolvingcyber attacks. AI and machine learning are a way to keepahead of criminals, automate threat detection, and respond moreeffectively than before. At the same time, moresophisticated, centralised security operations centres are beingset up to detect and eliminate vulnerabilities.

In April 2021, the European Union published its Proposal for a Regulationon Artificial Intelligence (the "AIRegulation"). At this early stage in the legislativeprocess, these are the key takeaways:

As expected, the debate around this legislation has alreadystarted. On the positive side, this regulation may become theglobal standard, in the same way GDPR has become. It may also makeAI systems more trustworthy and offer extra protections to thepublic. On the other side, it may stifle innovation, add more costsand red-tape, which may hinder start-ups from entering themarket. We will hear more on this around the world before itbecomes law, currently expected in 2023.

Cybersecurity AI systems play a crucial role in ensuring ITsystems are resilient against malicious actors. The new AIRegulations will undoubtedly affect these systems. Exactly howthese systems will be affected will depend on the system (e.g. forlaw enforcement use of biometrics, facial recognition) which maylead to conformity assessments, explainability testing,registration, and more.

Considering the speed and agile process that technology isdeveloped today, companies and innovators should consider how mightthe future AI Regulation affect such technologydevelopment.

Matheson's highly experienced Technology and InnovationGroup will be keeping abreast of developments as the legislationprogresses. At this stage, we would be very interested to hear fromclients on their expectations or questions about thesedevelopments.

The content of this article is intended to provide a generalguide to the subject matter. Specialist advice should be soughtabout your specific circumstances.

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Artificial Intelligence in Supply Chain Market Will Boast Developments in Global Industry by 2021-2026 Canoom – Canoom

Artificial Intelligence in Supply Chain Market | Latest Industry Outlook

The report referring to the Artificial Intelligence in Supply Chain market is one of the most widespread and with key impactful additions designed for the buyers. Advance Market Analytics has delivered detailed analysis and research on the major aspects of the market including the drivers, restraints, opportunities, challenges, and threats of the market. Complete study on these factors helps the buyers of the report to plan crucial decisions for the upcoming years and gain top rankings among competitors.

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Top Leading players operating in the market:

Deutsche Post AG (DHL Group) (Germany),Alphabet Inc. (Google) (United States),SUPPLY DYNAMICS (United States),Coupa Software Inc. (United States),LeanDNA (United States),Element AI Inc. (Canada),Verusen (United States),ClearMetal (United States),Blue Yonder Group, Inc. (United States),Manhattan Associates (United States),E2open, LLC. (United States)

Artificial Intelligence (A.I.) is bringing big reforms and revolution in Supply Chain Management (SCM) practices. There is increasing exploration, research and development carried out to integrate complex web of production and distribution through A.I. tools. The primary motive of introducing A.I. in the supply chain being optimizing operations, reducing costs, and saving time. A.I. in supply chain promises better warehouse and inventory efficiency, cost efficiency, and increased customer satisfaction. With the emergence of many new A.I. startups and global tech giants like Google and Baidu investing 20 and 30 Billion USD each year in A.I. with 90% of this funds primarily infused in research and development of A.I. alone. Thus this industry has huge prospects in the coming decade with the A.I. revolution already started.

The Artificial Intelligence in Supply Chain market research report is segmented in different key verticals, such as product, application, end user, and geography that are all described with useful information to assist the industry players with their future planning. Also, the report is decorated with the current happenings like ongoing trends, opportunities for the Artificial Intelligence in Supply Chain market players, recent news, key developments, and recently adopted strategies. The report also delivers key information like company profiles, import and export, sales, revenues, and more.

The titled segments and sub-section of the market are illuminated below:

Application (Operational Procurement, Supply Chain Planning, Warehouse Management, Autonomous Vehicles, Big Data and Analytics, Supplier Relationship Management, Others), End Users (Retail, Manufacturing, Pharmaceutical and Healthcare, Aerospace, Food and Beverages, Automotive, Others), Technology (Machine Learning (MP), Natural Language Processing (NLP), Context-Aware Computing, Others), Offerings (Software, Services)

Market Trends:

Application of BlockChain Along with A.I. has Increasingly Practiced by the Major Players in the Industry

Increased Focus on Innovation and Research of Automated Vehicles

Market Drivers:

A.I. Help in Reducing and Optimizing the Operational and Shipping Cost

Efficient Inventory Management

Artificial Intelligence can Enhance Material and Human Safety

Rise of E-Commerce Industry

Challenges:

Lack of Trust in A.I. Due to Inexperience of Human Expertise in A.I.

High Initial Cost of Setup

Lack of Experts or Skilled Professionals in Industry who can Operate A.I. Enabled Systems or Mechanisms or Tools in Supply Chain

A.I. is still in its Em

Opportunities:

Autonomous Vehicles is one of the Biggest Opportunities of the Decade Due to Intense Research and Development as well as Investments in this Field

With Increased Unification of Data, Big Data Analytics Provides Great Prospectus

Integration of Artifici

Growth Dynamics and Geographical Landscape:

The Artificial Intelligence in Supply Chain market research report delivers the existing growth changes witness in the industry by the researchers and experts. The report offers thorough analysis on the recent adopted growth strategies by the leading players and offers comprehensive impactful information that helps the new entrants and other existing players to plan their strategies accordingly. The report also provides complete analysis with deep research on the various key geographies that have marked the growth of the Artificial Intelligence in Supply Chain market with optimal sales, product demand in the region, distributors, marketing strategies, product pricing, and more. The report covers key insights on the current happenings that will assist the business, companies, investors, and others to understand the scenario of the Artificial Intelligence in Supply Chain market, plan activities, and gain prominent positions in the near future.

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Table of Contents:

Market Overview:This is the first section of the report that includes an overview of the scope of products offered in the global Artificial Intelligence in Supply Chain market, segments by product and application, and market size.

Market Competition by Player:Here, the report shows how the competition in the global Artificial Intelligence in Supply Chain market is growing or decreasing based on deep analysis of market concentrate rate, competitive situations and trends, expansions, merger and acquisition deals, and other subjects. It also shows how different companies are progressing in the global Artificial Intelligence in Supply Chain market in terms of revenue, production, sales, and market share.

Company Profiles and Sales Data:This part of the report is very important as it gives statistical as well as other types of analysis of leading manufacturers in the global Artificial Intelligence in Supply Chain market. It assesses each and every player studied in the report on the basis of main business, gross margin, revenue, sales, price, competitors, manufacturing base, product specification, product application, and product category.

Market Status and Outlook by Region:The report studies the status and outlook of different regional markets such as Europe, North America, the MEA, Asia Pacific, and South America. All of the regional markets researched about in the report are examined based on price, gross margin, revenue, production, and sales. Here, the size and CAGR of the regional markets are also provided.

Market Forecast:It starts with revenue forecast and then continues with sales, sales growth rate, and revenue growth rate forecasts of the global Artificial Intelligence in Supply Chain market. The forecasts are also provided taking into consideration product, application, and regional segments of the global Artificial Intelligence in Supply Chain market.

Marketing Strategy Analysis, Distributors:Here, the research study digs deep into behaviour and other factors of downstream customers, distributors, development trends of marketing channels, and marketing channels such as indirect marketing and direct marketing.

Research Findings and Conclusion:This section is solely dedicated to the conclusion and findings of the research study on the global Artificial Intelligence in Supply Chain market.

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UW to lead new NSF institute for using artificial intelligence to understand dynamic systems – UW News

Engineering | News releases | Research | Science | Technology

July 29, 2021

The UW will lead a new artificial intelligence research institute that will focus on fundamental AI and machine learning theory, algorithms and applications for real-time learning and control of complex dynamic systems, which describe chaotic situations where conditions are constantly shifting and hard to predict.Andy Freeberg/University of Washington

The U.S. National Science Foundation today announced 11 new artificial-intelligence research institutes, including one led by the University of Washington. These institutes are part of a $220 million investment spanning seven research areas in AI. Each institute will receive about $20 million over five years.

J. Nathan KutzUniversity of Washington

The UW-led AI Institute for Dynamic Systems will focus on fundamental AI and machine learning theory, algorithms and applications for real-time learning and control of complex dynamic systems, which describe chaotic situations where conditions are constantly shifting and hard to predict.

The engineering sciences are undergoing a revolution that is aided by machine learning and AI algorithms, said institute director J. Nathan Kutz, a UW professor of applied mathematics. This institute brings together a world-class team of engineers, scientists and mathematicians who aim to integrate fundamental developments in AI with applications in critical and emerging technological applications.

Researchers know the basic physics principles behind dynamic systems, which include situations such as turbulence or how the body recovers from an injury. But these scenarios are often happening on multiple timescales at once and can be a combination of many types of physics, making it hard for researchers to understand exactly whats going on.

My favorite dynamic system is turbulence, said institute associate director Steve Brunton, a UW associate professor of mechanical engineering. We literally live and breathe inside of a working fluid, and so do nearly all of our machines. But because of the multiscale complexity of the fluid, which involves a cascade of increasingly smaller eddies, we still have an incredibly hard time predicting what fluids will do outside of idealized and controlled settings.

The overall goal of this institute is to integrate physics-based models with AI and machine learning approaches to develop data-enabled efficient and explainable solutions for challenges across science and engineering.

Some of our specific questions include: Can we develop better machine-learning technologies by baking in and enforcing known physics, such as conservation laws, symmetries, etc.? Brunton said. Similarly, in complex systems where we only have partially known or unknown physics such as neuroscience or epidemiology can we use machine learning to learn the physics of these systems?

In addition to research, the institute will be focused on training future researchers in this field throughout the education pipeline. Some examples include: partnering with high school programs that focus on AI-related projects and creating a post-baccalaureate program that will actively recruit and support recent college graduates from underrepresented groups, United States veterans and first-generation college students with the goal of helping them attend graduate school.

The institute will provide massive open-source educational materials that include lectures, data and code packages for advancing and empowering AI, Kutz said. Importantly, we will provide AI ethics training for all involved in the institute. We will also make this training available to the community at large, thus enforcing a disciplined approach to thinking about AI and its implications for our emerging societal concerns around data, data privacy and the ethical application of AI algorithms.

As part of the educational component, the team will use a lightboard (Steve Brunton shown here) to create a range of high-quality educational and research videos focusing on key aspects of AI and machine learning for engineering dynamical systems and control. Educational content will be made freely available to the community on YouTube.Dennis Wise/University of Washington

For this institute, the UW is partnering with several regional institutions the University of Hawaii at Mnoa, Montana State University, the University of Nevada Reno, Boise State University, the University of Alaska Anchorage and Portland State University as well as with Harvard University and Columbia University.

We are so excited to bring together a critical mass of amazing and innovative researchers from across the U.S. to really move the needle in developing machine learning technology for physical and engineering dynamic systems, Brunton said. We also have a deep connection with industry partners, such as Boeing, which provides us with an incredible opportunity to make sure that we are focused on important and relevant problems and that our technology will actually be used.

Additional UW researchers who are part of this institute are lead researcher Krithika Manohar, assistant professor of mechanical engineering; Maryam Fazel, professor of electrical and computer engineering; Daniela Witten, professor of biostatistics; and David Beck, a research associate professor of chemical engineering.

Im glad to see this substantial investment going to one of our states premier research institutions, said U.S. Sen. Patty Murray, D-Wash. As the University of Washington and other research institutions in our state continue to lead on artificial intelligence, this investment will be critical to ensuring that the state of Washington remains a leader in innovation, research and scientific achievement. Ill keep fighting for important federal investments like this one to move this work forward.

The UW is also a partner institution on another newly announced NSF institute, the AI EDGE Institute, which is led by Ohio State University. The goal of this institute is to design future generations of wireless edge networks that are highly efficient, reliable, robust and secure.

These 11 new AI institutes are building on the first round of seven AI institutes funded in 2020, and expand the reach of these institutes to include a total of 40 states and Washington D.C.In addition to the UW-led institute, the state of Washington will also house the Institute for Agricultural AI for Transforming Workforce and Decision Support, or AgAID Institute, led by Washington State University. The institutes goal is to use AI to tackle some of agricultures biggest challenges related to labor, water, weather and climate change.

The state of Washington is already a leader in artificial intelligence, said U.S. Sen. Maria Cantwell, D-Wash. From the University of Washingtons Tech Policy Lab that studies the grand challenges around artificial intelligence to Washington State Universitys work in precision agriculture, we are more than ready for these two grants to help us understand more artificial intelligence applications.The UW will work in the area of complex systems to improve fields like manufacturing, and WSU will work on improvements in farming.

The AI Institute for Dynamic Systems is partially funded by the U.S. Department of Homeland Security.

For more information, contact Kutz at kutz@uw.edu and Brunton at sbrunton@uw.edu.

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Artificial intelligence uncovers the building blocks of life and paves the way for a new era in science – EL PAS in English

Humans have been seeking the answer to a colossal challenge for half a century: identifying the basic building blocks of life, essential knowledge in the battle against terminal illnesses. Water is easy to imagine. It is simply two hydrogen atoms connected to another of oxygen: HO. But the protein that enriches blood, hemoglobin, carries the less memorable formula CHNOSFe. In 1969, US biologist Cyrus Levinthal calculated that it would require more time than has passed since the formation of the universe around 14 billion years to untangle all the potential configurations of a single protein from its amino acid sequence, which are the links of these macromolecules. However, an artificial intelligence system created by the Google conglomerate has achieved this feat in just a few minutes. Its predictions for practically every single human protein were published last week in a giant step for biology that has removed a blindfold from human knowledge.

At the vanguard of this revolution is British neuroscientist Demis Hassabis. The 44-year-old researcher was a chess child prodigy who in 1997 was left in awe of the match between Russian grandmaster Garry Kasparov and the super computer Deep Blue. The machine beat the man, but Hassabis was left with the impression that it was a cumbersome piece of junk, and useless in a game of tic-tac-toe. When the final game was over, the University of Cambridge undergraduate came up with the idea of designing a machine that could learn any game. In 2010, Hassabis founded a company called DeepMind to lead the investigative drive toward Artificial Intelligence (AI). In 2013, his first creation taught itself to play and win at various games on the legendary Atari console. In 2014, Google bought DeepMind for $650 million (around 500 million at the exchange rate of the time).

After limbering up on video games, the scientists at DeepMind then set themselves the task of solving one of the greatest challenges in biology. Proteins like hormones, enzymes and antibodies are tiny machines that carry out the basic functions of life. They are made up of chains of smaller molecules, amino acids, much like a pearl necklace. These necklaces are folded in convoluted configurations that determine their function. Antibodies, the human bodys defense mechanism against invaders like the coronavirus, have a Y shape.

The recipes of all the proteins required to function are written in the DNA of every cell. The DeepMind system, baptized AlphaFold, reads this information a sequence of amino acids and predicts the structure of each protein. Its precision is similar to that achieved in laboratory experiments, which require considerably more time and money. It is like guessing the structure of a quiche after seeing pie crust, eggs, pepper, salt, milk and cream for the first time.

DeepMind and the European Molecular Biology Laboratory (EMBL) published more than 350,000 structures on July 22, including some 20,000 human proteins and those of 20 other organisms, such as a lab mouse and the tuberculosis bacteria. Venki Ramakrishnan of the Medical Research Council Laboratory of Molecular Biology in Cambridge and winner of the 2009 Nobel Prize in Chemistry, says that is an astonishing advancement with unpredictable consequences. It has taken place long before many experts had predicted. It is going to be exciting to see the many ways in which it is going to radically change biological investigation.

Some organizations are already working with the new database. The Drugs for Neglected Diseases initiative, a global non-profit set up with the aid of Doctors Without Borders, uses the structure of proteins to seek new treatments. Practically all diseases, from cancer to Alzheimers, and including Covid-19, are related to the structure of one protein or another. Other institutions, such as the University of Portsmouth in the UK, are using the program to try and design proteins capable of recycling plastic.

Hassabis, executive director of DeepMind, has announced the companys plan is to publish 100 million structures over the next few months. The idea is to offer the predictions for the structure of practically every protein with a known sequence of amino acids free of charge. We believe that this is the most important contribution to date that artificial intelligence has contributed to scientific knowledge, he said following the publication of DeepMinds research in the medical journal Nature.

The AlphaFold system was not created from nothing, as Edith Heard, director general of the EMBL, has emphasized. AlphaFold has been trained using data from public resources developed by the scientific community, so it makes sense that its predictions are also made public. In Heards view, the system represents a genuine revolution in life sciences, like the genome was decades ago.

To determine the real structure of a protein, hugely expensive infrastructure is required, such as the European Synchrotron Radiation Facility, a particle accelerator covering almost a square kilometer in Grenoble, France. The radiation emitted by the electrons that circle the ring, which basically consist of X-rays, allow researchers to observe the secrets of matter. Spanish biologist Jos Antonio Mrquez explains that elucidating the shape of a protein with a synchrotron, or with the alternative method of cryogenic electron microscopy, could require months or even years. AlphaFold can achieve it in minutes, albeit with errors.

We are talking about computer-generated predictions, not the experimental determination of the structure. And the precision is 58%, says Mrquez, a 52-year-old researcher who heads the Crystallography Platform at the EMBL in Grenoble. As things stand, if a scientist wants to study a protein connected to cancer, it could take months or years to analyze its structure. There are only around 180,000 structures in available databases. The information published by DeepMind has doubled that number. And in a few months millions will be available. Today it is common to not find a protein in the databases. With AlphaFold you can obtain a prediction with a 58% reliability. You save an enormous amount of time, says Mrquez, who did not participate in the project. The systems imprecisions are concentrated in specific regions of the proteins, which are unstructured to adapt to the environment.

Mrquez points out other limitations. The DeepMind system can predict the structure of an isolated molecule, but proteins tend to interact with other proteins. AlphaFold is not yet capable of predicting the structure of these complexes but it is a system designed to learn on its own. Mrquez is optimistic: It will speed up discoveries in practically all areas of biology.

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Artificial intelligence uncovers the building blocks of life and paves the way for a new era in science - EL PAS in English

Human Assisted Artificial Intelligence: A Pathway to Trustworthy And Unbiased AI – Forbes

While the country continues to struggle convincing people it is safe and smart to get vaccinated against Covid-19 despite emergency authorization and advocacy from the U.S. Federal Drug Administration (FDA), other growing numbers of people are willing to jump in with both feet when it comes to trusting their lives to Artificial Intelligence (AI), which has no standards or organizational oversight. At this time, only guidelines exist from the U.S. Federal Trade Commission (FTC) for AI.

I will take you through an example of how even impactful applications of AI still need a human assistant to ensure trustworthy, explainable, and unbiased decision making.

Internet law concept with 3d rendering ai robot with law scale

Using AI for automating manufacturing and improving our work streams, such as providing robust CMMS (computerized maintenance management systems) is an excellent application for AI. CMMS is a proactive methodology to keep systems running and to optimize maintenance operations. Alternatively, if businesses and institutions dont invest in smart maintenance approaches and choose only to take action after a system fails, it ultimately impacts operations, and customer service. Especially, if the components needed for repair are not readily available.

CMMS systems utilize sensors and other Internet of Things (IoT) devices and leverage on cloud services. They can track equipment assets, sense whether device performance is degrading, maintain the history of repair times and help us determine whether it is time to invest in replacing or upgrading systems versus investing in more repairs. AI can be used to look at this plethora of data and help make inferences that could save money, anticipate risk factors and build risk mitigation plans.

So far in this example, it appears that an individual human cant be adversely affected by the AI used in this CMMS application. However, lets consider a scenario when a relationship appears between the number of times a repair was done on a device that repeatedly failed and the person who performed that repair.

Does this indicate that the repair person needs more training or does it simply mean the device has too many faults and should be replaced? This is when the AI needs to ask a human for help and the human needs to be smart about interpreting what the data means.

Whenever AI makes a decision on a humans livelihood or is used to evaluate an individuals competency, we need to hit the big red STOP button and understand how the AI is making decisions and what it means. There have been many examples of companies using AI to evaluate employee job performance, which resulted in the subsequent dismissal or poor evaluations of employees. Lending institutions using AI have encountered algorithms that have unfairly eliminated underrepresented groups of individuals from qualifying for loans.

This kind of blind faith in computer generated decisions gives me a flashback to high school when they gave us career assessment tests to match us to a future vocation.

I was at the top of my class and my best friend, a male had scored slightly lower than I did in math and science. We were both expecting the outputs of our career assessments to be similar. How wrong I was!

His assessment said he could become an engineer, scientist, or politician. The results of my assessment, said I could be a cook, or sell cosmetics.

True fact:I stink at cooking. I never could cook and I still cant. Furthermore, it would be cruel and unjust for anyone to be subjected to eating my cooking.

When I complained to the guidance counselor, he reminded me that the results had to be correct, because this was a computer generated result and therefore it had to be accurate. Thankfully, I have always been a rebel and I ignored that assessment and went on to become an engineer.

AI has so much potential, but it has a long way to go before it can be considered a standalone replacement for human decision making that is trustworthy and unbiased.

In a recent IEEE/IEEE-HKN webinar, Dr.Manuela M. Veloso, Head of J.P. Morgan AI Research discussed human assisted AI as the bridge in the quest to help create more robust trustworthy AI. Including the human in the loop while the AI is exploring the data and asking the human for help is a new paradigm that many have leaped over to expedite the use of AI. Its time to embrace that Human Assisted AI is necessary if we are to move forward developing robust applications of AI. We need to demystify AI as a building block and have a way for the AI to declare it needs help from its human partner.

Finally, we need to be vigilant questioning the decisions from AI and help lawmakers develop standards to prevent blind trust in computer generated outputs that could have disastrous impacts of turning aspiring engineers into horrible cooks.

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Human Assisted Artificial Intelligence: A Pathway to Trustworthy And Unbiased AI - Forbes

Artificial Intelligence In The Warehouse Is Coming Sooner Than You Might Think – Logistics Viewpoints – Logistics Viewpoints

Artificial Intelligence is not a new technology, but widespread adoption and use of AI and machine learning in supply chain is still in its infancy. Nevertheless, there are indications that AI in the warehouse is becoming a reality a lot sooner than most people might have expected.

Preliminary results from a Lucas-commissioned survey of 350 companies in the US and UK found that the majority of the companies are already employing AI in one way or another within their warehouses and distribution/fulfillment centers. A separate survey of retail and CPG supply chain leaders found that AI usage is more prevalent in DCs and warehouses than elsewhere in supply chain 54% in distribution/fulfillment centers vs. 36% in other supply chain functions. On the surface, thats a bit of a surprise. But not when you dig a little deeper.

First, a word about the terms artificial intelligence and machine learning, as I am using them here. There are many forms of AI, but for purposes of this article Im referring to systems that use machine learning approaches to solve specific problems. Machine learning is a process by which learning algorithms are applied to large sets of data to create predictive models. This type of AI can be embedded within robotics (to identify objects), automation (to predict failures), and software systems, including business applications that provide recommendations to managers (suggested product moves) or that initiate actions themselves (such as creating a daily staffing plan).

Now, why is this form of advanced AI emerging so quickly in the DC?

It turns out that the distribution center is a target rich environment for using AI, with the potential to drive significant operational gains. First, DCs are a controlled environment for collecting and aggregating historical and real-time data and data is a key to effective AI. By contrast, other supply chain optimization problems often require data that resides in disparate systems, some of which may be controlled by other entities or may not be accessible in real-time.

Furthermore, AI is a natural fit for many of the foundational warehouse management questions that most operators solve today using spreadsheets, inherited best practices, or rules-based decision making. For example, only a minority of DCs today have installed systems for product slotting, workforce planning and other core warehouse functions. The reason is simple: previous expert systems to address these optimization challenges are engineering-heavy and costly to install and maintain.

AI and machine learning-based solutions can eliminate some of those drawbacks. As a result, AI has the potential to make advanced optimization practical for smaller operations, and more flexible and cost-effective for larger facilities.

One of the things that makes machine learning so compelling is that the predictive models are not developed or maintained by teams of engineers, so they are easier to implement. In addition, by their very nature, machine learning systems are designed to adapt to changes in the operating environment. And AI is particularly good at solving complex problems that are difficult to solve with traditional expert systems.

Here are two examples.

Warehouse slotting is both a combinatorial optimization problem (many input factors to consider) and a multiple objective optimization problem (with many goals, sometimes competing). Adding to the challenge, there are typically thousands of products and product locations (slots) involved, and those products and/or locations may change, sometimes frequently.

This is a complex problem with a very large set of possible answers that is very difficult to solve with a general-purpose model. Thats one reason why typical slotting solutions require tremendous amounts of engineering time for each facility. This is the kind of problem that AI is really good at.

AI-based slotting can provide better results and it can lower implementation costs by eliminating much of the engineering work and manual warehouse mapping and data inputs. The AI-based software can learn the spatial characteristics and travel time predictions required for the model based on activity-level data captured in the DC.

Another application of AI is for orchestrating and optimizing warehouse workers and autonomous mobile robots (AMRs). Today, robotic and manual processes can be optimized using various forms of AI, but they are typically optimized independently. Orchestrating and optimizing robot-human workflows is a wholly different challenge.

To take one example, consider an order-picking process using AMRs as a type of picking cart with multiple order totes per AMR, where human pickers are subservient to the AMRs. As the robotic system directs the robot to a location, a nearby user deliversone or more picksto the robot based on instructions on a tablet mounted to the machine. After completing those picks, the picker finds the next closest robot, and the first robot moves off to its next destination where it meets a second worker. This approach does not require any means to independently direct the human workers, but it also doesnt optimize their work.

Using AI and adding a means to direct workers independent of the AMRs (using mobile devices rather than AMR-mounted devices) the system can orchestrateand optimize for both the robots and the pickers time.This is accomplished in part using machine learning-based predictions about where the robots and pickers will be located at a given point in time (adjusted in real-time based on actual location data). Separate learning algorithms can organize and sequence the work among people and robots which orders to group together on each AMR, when to direct a person to a new aisle, etc. This is a more complex problem than independently optimizing the work of people or the AMRs.

As noted above, machine learning requires large amounts of data, but you need the right data for the questions you want to answer. For the DC applications we discussed here, some of the data would not be found in enterprise software systems that capture general transaction data, such as an ERP or WMS.

Instead, machine learning relies on streams of fine-grained data that is often associated with IoT (the Internet of Things) devices, such as mobile robots or the mobile devices used in RF or voice picking applications that collect time-stamped data about every user interaction. In the past, some of this data may have been used for short term purposes (debugging, training, etc.), but it was not usually collected or saved because it had no value beyond those immediate uses. But machine learning can discern patterns and find meaningful information buried in this wealth of IoT data.

Collecting the right data is just one of the challenges to wider AI adoption. In the Lucas survey mentioned earlier, almost 90 percent of respondents said their organizations needed more guidance and direction for implementing AI-based solutions, and 8 in 10 believe there is a general lack of understanding about how AI can be used.

Cost was seen as the biggest perceived impediment to AI adoption among the survey respondents. But the cost for implementing AI-based systems for slotting and other warehouse optimization problems may actually be lower than traditional engineering approaches. In that respect, AI removes barriers to advanced DC optimization.

Notwithstanding the challenges both real and perceived all indications are that warehouses are eager to get started with AI-based solutions. Many DCs are getting started a lot sooner than operators themselves might have thought possible.

Joe Blazick leads the data science team at Lucas Systems, with overall responsibility for the development of advanced data science technologies and AI applications within the Lucas Warehouse Optimization Suite. Prior to Lucas he held research and management positions within the Data Science group at Dicks Sporting Goods, responsible for developing applications of AI for supply chain. Prior to his civilian career, Joe served for ten years in the U.S. Navy. He holds MS degrees in Finance and Statistics from Rochester Institute of Technology.

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