Applied Artificial Intelligence (AAI)
Major AI researchers and textbooks define the field as “the study and design of intelligent agents” where an intelligent agent is a system that perceives its environment and takes actions that maximize its chances of success.
Computer systems Applied Artificial Intelligence – using Multi-Agent Simulations and Neural Networks – detects detailed patterns and relations in Big Data sets with a speed and accuracy that no other type of computer system can match.
A new report from the McKinsey Global Institute, cuts through the noise and identifies 12 technologies that expectedly will drive truly massive economic transformations and disruptions in the coming years.
The 2nd most disruptive technology on the list is “Automation of knowledge work” defined as intelligent software systems (AAI) that can perform knowledge work tasks involving unstructured commands and subtle judgments.
Next Generation Business Intelligence – AI unlocking Big Data & handling volatility!
Traditional Business Intelligence has always been about registering and collecting all possible data related to a business, with the purpose of using it intelligently – hence the expression Business Intelligence. Having all relevant data related to the business available – in a structured format and in a system that can help you analyze the results, statistics and trends in your business – will remain important; and as we find new and more efficient methods of collecting and analyzing data, Business Intelligence becomes more and more mission critical for a business.
Next Generation Business Intelligence, however, changes the game by actually applying artificial intelligence to the daily business. Working with Big Data in a volatile business with fast changing conditions, traditional Business Intelligence systems reveal their limits. Applying the strength of Artificial Intelligence to detect similarities and patterns in relevant historical data and information in any given situation and in a split second offers huge advantages in making optimal decisions, even in very volatile markets.
Retail Fuel Price Optimization – finding those extra thousandths!
a2i systems has introduced the next generation pricing system PriceCast Fuel which is revolutionizing the Retail Fuel industry and setting new standards for how the most competitive retailers use Business Intelligence to optimize daily business and play the strategic game of pricing.
Why only work with percentages when you can add thousandths to them? How much is it actually possible to change the Retail Fuel price without influencing customer and competitor behavior? The thousandths are hiding in the details of the data!
Evidently, the more detailed a business knows its customers’ behavior and how and when they react to even the smallest changes, the more the business can be optimized.
By applying artificial intelligence to both historical and live data, PriceCast Fuel detects the details in the live data and relates them to the sum of similar details in the historic data, delivering the thousandths which in the end add up to millions on the bottom line.
It is the small details that make the big difference!