SlideShare a Scribd company logo
Artificial Intelligence in Lumber
Retail (Home Depot, Lowe’s, etc)
A presentation for the Northeastern Retail Lumber Association Annual Expo, 2020
Daniel Faggella
CEO, Emerj Artificial Intelligence Research
Presentation Preview
● Emerj in Brief
● Clearing Hype
● Use-Cases
● Near-Term Applications
emerj.com @danfaggella
At Emerj, we have a singular focus:
Mapping what’s possible and what’s working
with AI to help leaders execute on winning AI
strategies.
Global organizations trust us to support their AI
goals and strategies with critical data and insight.
Presenting our AI Research at
United Nations HQ, NYC
Emerj Artificial Intelligence Research
Emerj AI Opportunity Landscape
emerj.com @danfaggella
emerj.com @danfaggella
emerj.com @danfaggella
Emerj AI Research
Clearing the AI Hype
emerj.com @danfaggella
Impact
Emerj:
Our hundreds of AI expert interviewees differ in their opinions on many
topics, but they unanimously agree that the workflows, processes, and
ways of servicing customers will change in every industry.
PwC:
AI could contribute up to $15.7 trillion to the global economy in 2030.
Impact
The State of AI in Business
Appearance:
Everyone is doing it.
It’s transforming all
industries already.
Just add data scientists or
an AI vendor = results.
Accessible to all
businesses.
Reality:
Everyone is talking about it.
It’s bumbling to find a fit in
the enterprise.
Huge internal changes
required.
Accessible to firms with
large R&D budgets and
data science skill.
emerj.com
State of AI Startups
Of “AI companies”
even have requisite AI
talent on their teams.
⅓ ⅓Of AI companies with
talent have any kind
of real traction.
Challenges
1. AI is Not IT
● Iteration required
● Data access
required
● Cross-functional
teams
A change in culture,
workflows, and teams
is necessary to enable
it.
2. AI Ignorance
● What does AI do?
● How does AI
work?
● Where could I
apply it?
● etc...
3. Nascent Use-Cases
AI is experimental by
nature, and the current
use-cases for
enterprise are new.
When startups stay
afloat from revenue,
not VC money there
will be more tried and
true use-cases.
emerj.com
Seeing the Future
- Current Retail Use-Cases
emerj.com @danfaggella
Best View Into the Future for SMBs
1. Look to big tech (Amazon, Google,
etc).
2. Look to top 5-10 largest firms in
your sector.
emerj.com @danfaggella
Lowe’s
emerj.com @danfaggella
Lowe’s - LoweBot
emerj.com
Lowe’s - LoweBot
Purported Capabilities:
- Tracking inventory on
shelves with computer
vision
- Helping customer
navigate to products
Status:
- Was piloted in 2016 in the
SF Bay Area
- No major press pushes
since 2016
- MAY be helping with
inventory, unlikely to be
helping real customers
emerj.com
Lowe’s 3D
emerj.com @danfaggella
Lowe’s - LoweBot
Purported Capabilities:
- “Preview” products in
your actual living space
with VR or phone
- Browse items in 3D
online
Status:
- In private beta since
September of 2017
- Lowe’s customers cannot
use this product today
(Look out: Walmart)
Home Depot
emerj.com @danfaggella
Home Depot - Zebra
Technologies
emerj.com @danfaggella
Home Depot - Zebra
Technologies
Purported Capabilities:
- Pooling data to decrease
shrinkage and fraud
- Detecting patterns
across checkout data,
inventory data, etc
Status:
- Claimed (in Aug 2019) to
be rolling out across 1900
locations, status unclear
- Rolling out first to the
asset protection
department
(Look out: Computer
vision)
emerj.com @danfaggella
Home Depot - Recommendations
emerj.com @danfaggella
Home Depot - Zebra
Technologies
Purported Capabilities:
- Recommending related
products or replacement
products to customers on
HomeDepot.com
- Human “AI trainers” label
data
Status:
- Claimed to be active
across most of their online
categories
emerj.com @danfaggella
Inevitable Retail AI Applications
emerj.com @danfaggella
Accessibility of AI
Today:
- “Doing AI” = Science
For Small Business:
- AI will become accessible
when it can simply be
“plugged in” and used (like
Quickbooks, or Wordpress)
emerj.com @danfaggella
AI in Retail Opportunity Landscape
Opportunity Landscape Trend 1:
Logistics
● Data is being pooled from inventory, from
transportation, and from other sources, providing the
ability to forecast inventory levels, stocks needs,
arrival times, etc.
● Inevitable: Nine and ten-figure retailers will digitize
the clean their retail data to make it visible and
useable.
emerj.com @danfaggella
Opportunity Landscape Trend 2:
Personalization
● The web experience is being customized in terms of
product listings, promotions, and search results - to
the preferences of the user.
● Inevitable: Retailers with sizable online sales (and
strong AI departments) will use AI to improve the
relevance of online search.
emerj.com @danfaggella
Adopt or Wait?
Parting Takeaways
General Advice for AI Adoption:
- Observe the AI investments of your largest competitors / Amazon
- Lean away from paper and towards transparent, reliable, real-time data
- Each IT / process decision takes you farther or closer
For > $80MM Firms:
- Develop a clear sense of where AI opportunity lies in your business
- Start small with high-ROI use cases
- Prepare to overhaul the way data is collected, stored, and accessed
For SMBs:
- No need to invest in AI now, observe the “General Advice” above
Contact:
research@emerj.com
Download:
emerj.com/RET1
emerj.com
That’s All, Folks
http://www.lowesinnovationlabs.com/lowebot / http://www.lowesinnovationlabs.com/lowes3d /
https://www.forbes.com/sites/insights-intelai/2018/07/17/software-for-hardware-how-artificial-
intelligence-is-helping-lowes-customers/#39b264c84286 /
https://chainstoreage.com/technology/home-depot-increases-sales-visibility-for-decreased-shrink
/ https://www.figure-eight.com/success-stories/home-depot/ / https://emerj.com/ai-sector-
overviews/artificial-intelligence-retail/ / https://emerj.com/ai-sector-overviews/computer-vision-
applications-shopping-driving-and-more/
emerj.com
Links / References

More Related Content

What's hot

The Digital Workplace Powered by Intelligent Search
The Digital Workplace Powered by Intelligent SearchThe Digital Workplace Powered by Intelligent Search
The Digital Workplace Powered by Intelligent Search
Daniel Faggella
 
SaaStr 2017: AI–Enabled SaaS - 4 Models for ML as Competitive Advantage
SaaStr 2017: AI–Enabled SaaS - 4 Models for ML as Competitive AdvantageSaaStr 2017: AI–Enabled SaaS - 4 Models for ML as Competitive Advantage
SaaStr 2017: AI–Enabled SaaS - 4 Models for ML as Competitive Advantage
Sarah Guo
 
Government Acquisitions Accelerated AI
Government Acquisitions Accelerated AIGovernment Acquisitions Accelerated AI
Government Acquisitions Accelerated AI
nevaytzwraom
 
Impact of AI on Business Intelligence
Impact of AI on Business IntelligenceImpact of AI on Business Intelligence
Impact of AI on Business Intelligence
Deesha Mukherjee
 
Artificial intelligence (ai) and its impact to business
Artificial intelligence (ai) and its impact to businessArtificial intelligence (ai) and its impact to business
Artificial intelligence (ai) and its impact to business
paul young cpa, cga
 
AI and Managerial Decision Making
AI and Managerial Decision MakingAI and Managerial Decision Making
AI and Managerial Decision Making
Lee Schlenker
 
How QA Ensures that Enterprise AI Initiatives Succeed
How QA Ensures that Enterprise AI Initiatives SucceedHow QA Ensures that Enterprise AI Initiatives Succeed
How QA Ensures that Enterprise AI Initiatives Succeed
Cognizant
 
How to get on the AI journey?
How to get on the AI journey? How to get on the AI journey?
How to get on the AI journey?
Aarthi Srinivasan
 
Types of Blockchain, AI and its future
Types of Blockchain, AI and its futureTypes of Blockchain, AI and its future
Types of Blockchain, AI and its future
Aarthi Srinivasan
 
Big data’s Last Crusade
Big data’s Last CrusadeBig data’s Last Crusade
Big data’s Last Crusade
Dipock Das
 
The Neuron - Artificial Intelligence Magazine for Everyone
The  Neuron - Artificial Intelligence Magazine for EveryoneThe  Neuron - Artificial Intelligence Magazine for Everyone
The Neuron - Artificial Intelligence Magazine for Everyone
amolpalekar
 
How Two Top Universities are Preparing the Next Generation of Intelligence An...
How Two Top Universities are Preparing the Next Generation of Intelligence An...How Two Top Universities are Preparing the Next Generation of Intelligence An...
How Two Top Universities are Preparing the Next Generation of Intelligence An...
IntelCollab.com
 
AI Governance – The Responsible Use of AI
AI Governance – The Responsible Use of AIAI Governance – The Responsible Use of AI
AI Governance – The Responsible Use of AI
NUS-ISS
 
Augmenting human intelligence for future of work is the next disruptive innov...
Augmenting human intelligence for future of work is the next disruptive innov...Augmenting human intelligence for future of work is the next disruptive innov...
Augmenting human intelligence for future of work is the next disruptive innov...
Steve Ardire
 
Why You Should Incorporate AI in Business Applications - Vasant Ramachandran
Why You Should Incorporate AI in Business Applications - Vasant RamachandranWhy You Should Incorporate AI in Business Applications - Vasant Ramachandran
Why You Should Incorporate AI in Business Applications - Vasant Ramachandran
Vasant Ramachandran
 
How Wargaming Refined Go-To-Market Plans Amid European Telecom Upheaval
How Wargaming Refined Go-To-Market Plans Amid European Telecom UpheavalHow Wargaming Refined Go-To-Market Plans Amid European Telecom Upheaval
How Wargaming Refined Go-To-Market Plans Amid European Telecom Upheaval
IntelCollab.com
 
How to Drive Adoption of Intelligence Systems
How to Drive Adoption of Intelligence SystemsHow to Drive Adoption of Intelligence Systems
How to Drive Adoption of Intelligence Systems
IntelCollab.com
 
Using Signals in Lucidworks Fusion
Using Signals in Lucidworks FusionUsing Signals in Lucidworks Fusion
Using Signals in Lucidworks Fusion
Lucidworks
 
Automated AI The Next Frontier in Analytics - StampedeCon AI Summit 2017
Automated AI The Next Frontier in Analytics - StampedeCon AI Summit 2017Automated AI The Next Frontier in Analytics - StampedeCon AI Summit 2017
Automated AI The Next Frontier in Analytics - StampedeCon AI Summit 2017
StampedeCon
 
The Human Side of Data By Colin Strong
The Human Side of Data By Colin StrongThe Human Side of Data By Colin Strong
The Human Side of Data By Colin Strong
MarTech Conference
 

What's hot (20)

The Digital Workplace Powered by Intelligent Search
The Digital Workplace Powered by Intelligent SearchThe Digital Workplace Powered by Intelligent Search
The Digital Workplace Powered by Intelligent Search
 
SaaStr 2017: AI–Enabled SaaS - 4 Models for ML as Competitive Advantage
SaaStr 2017: AI–Enabled SaaS - 4 Models for ML as Competitive AdvantageSaaStr 2017: AI–Enabled SaaS - 4 Models for ML as Competitive Advantage
SaaStr 2017: AI–Enabled SaaS - 4 Models for ML as Competitive Advantage
 
Government Acquisitions Accelerated AI
Government Acquisitions Accelerated AIGovernment Acquisitions Accelerated AI
Government Acquisitions Accelerated AI
 
Impact of AI on Business Intelligence
Impact of AI on Business IntelligenceImpact of AI on Business Intelligence
Impact of AI on Business Intelligence
 
Artificial intelligence (ai) and its impact to business
Artificial intelligence (ai) and its impact to businessArtificial intelligence (ai) and its impact to business
Artificial intelligence (ai) and its impact to business
 
AI and Managerial Decision Making
AI and Managerial Decision MakingAI and Managerial Decision Making
AI and Managerial Decision Making
 
How QA Ensures that Enterprise AI Initiatives Succeed
How QA Ensures that Enterprise AI Initiatives SucceedHow QA Ensures that Enterprise AI Initiatives Succeed
How QA Ensures that Enterprise AI Initiatives Succeed
 
How to get on the AI journey?
How to get on the AI journey? How to get on the AI journey?
How to get on the AI journey?
 
Types of Blockchain, AI and its future
Types of Blockchain, AI and its futureTypes of Blockchain, AI and its future
Types of Blockchain, AI and its future
 
Big data’s Last Crusade
Big data’s Last CrusadeBig data’s Last Crusade
Big data’s Last Crusade
 
The Neuron - Artificial Intelligence Magazine for Everyone
The  Neuron - Artificial Intelligence Magazine for EveryoneThe  Neuron - Artificial Intelligence Magazine for Everyone
The Neuron - Artificial Intelligence Magazine for Everyone
 
How Two Top Universities are Preparing the Next Generation of Intelligence An...
How Two Top Universities are Preparing the Next Generation of Intelligence An...How Two Top Universities are Preparing the Next Generation of Intelligence An...
How Two Top Universities are Preparing the Next Generation of Intelligence An...
 
AI Governance – The Responsible Use of AI
AI Governance – The Responsible Use of AIAI Governance – The Responsible Use of AI
AI Governance – The Responsible Use of AI
 
Augmenting human intelligence for future of work is the next disruptive innov...
Augmenting human intelligence for future of work is the next disruptive innov...Augmenting human intelligence for future of work is the next disruptive innov...
Augmenting human intelligence for future of work is the next disruptive innov...
 
Why You Should Incorporate AI in Business Applications - Vasant Ramachandran
Why You Should Incorporate AI in Business Applications - Vasant RamachandranWhy You Should Incorporate AI in Business Applications - Vasant Ramachandran
Why You Should Incorporate AI in Business Applications - Vasant Ramachandran
 
How Wargaming Refined Go-To-Market Plans Amid European Telecom Upheaval
How Wargaming Refined Go-To-Market Plans Amid European Telecom UpheavalHow Wargaming Refined Go-To-Market Plans Amid European Telecom Upheaval
How Wargaming Refined Go-To-Market Plans Amid European Telecom Upheaval
 
How to Drive Adoption of Intelligence Systems
How to Drive Adoption of Intelligence SystemsHow to Drive Adoption of Intelligence Systems
How to Drive Adoption of Intelligence Systems
 
Using Signals in Lucidworks Fusion
Using Signals in Lucidworks FusionUsing Signals in Lucidworks Fusion
Using Signals in Lucidworks Fusion
 
Automated AI The Next Frontier in Analytics - StampedeCon AI Summit 2017
Automated AI The Next Frontier in Analytics - StampedeCon AI Summit 2017Automated AI The Next Frontier in Analytics - StampedeCon AI Summit 2017
Automated AI The Next Frontier in Analytics - StampedeCon AI Summit 2017
 
The Human Side of Data By Colin Strong
The Human Side of Data By Colin StrongThe Human Side of Data By Colin Strong
The Human Side of Data By Colin Strong
 

Similar to Artificial Intelligence in Lumber Retail (Home Depot, Lowe’s, etc)

AI in Retail
AI in RetailAI in Retail
AI in Retail
Subrat Panda, PhD
 
AI in Retail - Where it Matters / What's Next
AI in Retail - Where it Matters / What's NextAI in Retail - Where it Matters / What's Next
AI in Retail - Where it Matters / What's Next
Daniel Faggella
 
An open letter to marketers, AI won’t steal your job
An open letter to marketers, AI won’t steal your jobAn open letter to marketers, AI won’t steal your job
An open letter to marketers, AI won’t steal your job
Darcie Thompson-Fields
 
AI and The future of work
AI and The future of work AI and The future of work
AI and The future of work
Subrat Panda, PhD
 
How machine learning & artificial intelligence implement in e commerce
How machine learning & artificial intelligence implement in e commerce How machine learning & artificial intelligence implement in e commerce
How machine learning & artificial intelligence implement in e commerce
Robert Smith
 
Technology Trends and a Digital Revolution - Alexandre Blauth
Technology Trends and a Digital Revolution - Alexandre BlauthTechnology Trends and a Digital Revolution - Alexandre Blauth
Technology Trends and a Digital Revolution - Alexandre Blauth
GeneXus
 
Big Data LDN 2017: Reshaping Digital Business With Augmented Intelligence
Big Data LDN 2017: Reshaping Digital Business With Augmented IntelligenceBig Data LDN 2017: Reshaping Digital Business With Augmented Intelligence
Big Data LDN 2017: Reshaping Digital Business With Augmented Intelligence
Matt Stubbs
 
5 ways to enhance your business using ai venkat k - medium
5 ways to enhance your business using ai   venkat k - medium5 ways to enhance your business using ai   venkat k - medium
5 ways to enhance your business using ai venkat k - medium
usmsystem
 
Moving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Moving to the Cloud: Artificial Intelligence in Cloud-Based SolutionsMoving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Moving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Aggregage
 
Moving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Moving to the Cloud: Artificial Intelligence in Cloud-Based SolutionsMoving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Moving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Nicolas Rodriguez
 
Digital Shelf Analytics: Are you ready to rock the digital shelf?
Digital Shelf Analytics: Are you ready to rock the digital shelf?Digital Shelf Analytics: Are you ready to rock the digital shelf?
Digital Shelf Analytics: Are you ready to rock the digital shelf?
Joakim Gavelin
 
haiped. impact of AI in marketing comms and CX
haiped. impact of AI in marketing comms and CXhaiped. impact of AI in marketing comms and CX
haiped. impact of AI in marketing comms and CX
matthys esterhuysen
 
AIdvantage Review: How AI is Redefining Business Operations
AIdvantage Review: How AI is Redefining Business OperationsAIdvantage Review: How AI is Redefining Business Operations
AIdvantage Review: How AI is Redefining Business Operations
SUMON SUMON
 
Ivyclique video 04-27
Ivyclique video 04-27Ivyclique video 04-27
Ivyclique video 04-27
Anjan Purandare
 
Cortana Analytics Workshop: Intelligent Retail -- The Machine Learning Approach
Cortana Analytics Workshop: Intelligent Retail -- The Machine Learning ApproachCortana Analytics Workshop: Intelligent Retail -- The Machine Learning Approach
Cortana Analytics Workshop: Intelligent Retail -- The Machine Learning Approach
MSAdvAnalytics
 
5 ways to enhance your business using ai venkat k - medium
5 ways to enhance your business using ai   venkat k - medium5 ways to enhance your business using ai   venkat k - medium
5 ways to enhance your business using ai venkat k - medium
usmsystem
 
Artificial Intelligence: How Enterprises Can Crush It With Apache Spark: Keyn...
Artificial Intelligence: How Enterprises Can Crush It With Apache Spark: Keyn...Artificial Intelligence: How Enterprises Can Crush It With Apache Spark: Keyn...
Artificial Intelligence: How Enterprises Can Crush It With Apache Spark: Keyn...
Spark Summit
 
Ai in retail sales and crm venkat vajradhar - medium
Ai in retail sales and crm   venkat vajradhar - mediumAi in retail sales and crm   venkat vajradhar - medium
Ai in retail sales and crm venkat vajradhar - medium
venkatvajradhar1
 
2023-04-11-who-ai-win-fbg.pdf
2023-04-11-who-ai-win-fbg.pdf2023-04-11-who-ai-win-fbg.pdf
2023-04-11-who-ai-win-fbg.pdf
Jonti Bolles
 
How ai transforms the marketing domain for the better
How ai transforms the marketing domain for the better How ai transforms the marketing domain for the better
How ai transforms the marketing domain for the better
Robert Smith
 

Similar to Artificial Intelligence in Lumber Retail (Home Depot, Lowe’s, etc) (20)

AI in Retail
AI in RetailAI in Retail
AI in Retail
 
AI in Retail - Where it Matters / What's Next
AI in Retail - Where it Matters / What's NextAI in Retail - Where it Matters / What's Next
AI in Retail - Where it Matters / What's Next
 
An open letter to marketers, AI won’t steal your job
An open letter to marketers, AI won’t steal your jobAn open letter to marketers, AI won’t steal your job
An open letter to marketers, AI won’t steal your job
 
AI and The future of work
AI and The future of work AI and The future of work
AI and The future of work
 
How machine learning & artificial intelligence implement in e commerce
How machine learning & artificial intelligence implement in e commerce How machine learning & artificial intelligence implement in e commerce
How machine learning & artificial intelligence implement in e commerce
 
Technology Trends and a Digital Revolution - Alexandre Blauth
Technology Trends and a Digital Revolution - Alexandre BlauthTechnology Trends and a Digital Revolution - Alexandre Blauth
Technology Trends and a Digital Revolution - Alexandre Blauth
 
Big Data LDN 2017: Reshaping Digital Business With Augmented Intelligence
Big Data LDN 2017: Reshaping Digital Business With Augmented IntelligenceBig Data LDN 2017: Reshaping Digital Business With Augmented Intelligence
Big Data LDN 2017: Reshaping Digital Business With Augmented Intelligence
 
5 ways to enhance your business using ai venkat k - medium
5 ways to enhance your business using ai   venkat k - medium5 ways to enhance your business using ai   venkat k - medium
5 ways to enhance your business using ai venkat k - medium
 
Moving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Moving to the Cloud: Artificial Intelligence in Cloud-Based SolutionsMoving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Moving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
 
Moving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Moving to the Cloud: Artificial Intelligence in Cloud-Based SolutionsMoving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
Moving to the Cloud: Artificial Intelligence in Cloud-Based Solutions
 
Digital Shelf Analytics: Are you ready to rock the digital shelf?
Digital Shelf Analytics: Are you ready to rock the digital shelf?Digital Shelf Analytics: Are you ready to rock the digital shelf?
Digital Shelf Analytics: Are you ready to rock the digital shelf?
 
haiped. impact of AI in marketing comms and CX
haiped. impact of AI in marketing comms and CXhaiped. impact of AI in marketing comms and CX
haiped. impact of AI in marketing comms and CX
 
AIdvantage Review: How AI is Redefining Business Operations
AIdvantage Review: How AI is Redefining Business OperationsAIdvantage Review: How AI is Redefining Business Operations
AIdvantage Review: How AI is Redefining Business Operations
 
Ivyclique video 04-27
Ivyclique video 04-27Ivyclique video 04-27
Ivyclique video 04-27
 
Cortana Analytics Workshop: Intelligent Retail -- The Machine Learning Approach
Cortana Analytics Workshop: Intelligent Retail -- The Machine Learning ApproachCortana Analytics Workshop: Intelligent Retail -- The Machine Learning Approach
Cortana Analytics Workshop: Intelligent Retail -- The Machine Learning Approach
 
5 ways to enhance your business using ai venkat k - medium
5 ways to enhance your business using ai   venkat k - medium5 ways to enhance your business using ai   venkat k - medium
5 ways to enhance your business using ai venkat k - medium
 
Artificial Intelligence: How Enterprises Can Crush It With Apache Spark: Keyn...
Artificial Intelligence: How Enterprises Can Crush It With Apache Spark: Keyn...Artificial Intelligence: How Enterprises Can Crush It With Apache Spark: Keyn...
Artificial Intelligence: How Enterprises Can Crush It With Apache Spark: Keyn...
 
Ai in retail sales and crm venkat vajradhar - medium
Ai in retail sales and crm   venkat vajradhar - mediumAi in retail sales and crm   venkat vajradhar - medium
Ai in retail sales and crm venkat vajradhar - medium
 
2023-04-11-who-ai-win-fbg.pdf
2023-04-11-who-ai-win-fbg.pdf2023-04-11-who-ai-win-fbg.pdf
2023-04-11-who-ai-win-fbg.pdf
 
How ai transforms the marketing domain for the better
How ai transforms the marketing domain for the better How ai transforms the marketing domain for the better
How ai transforms the marketing domain for the better
 

More from Daniel Faggella

The Challenges and Opportunities of AI for the Indian Economy
The Challenges and Opportunities of AI for the Indian EconomyThe Challenges and Opportunities of AI for the Indian Economy
The Challenges and Opportunities of AI for the Indian Economy
Daniel Faggella
 
AI in Mental Health and Wellbeing - Current Applications and Trends
AI in Mental Health and Wellbeing - Current Applications and TrendsAI in Mental Health and Wellbeing - Current Applications and Trends
AI in Mental Health and Wellbeing - Current Applications and Trends
Daniel Faggella
 
Weaponized Artificial Intelligence - 3 Critical Dual-Use Applications
Weaponized Artificial Intelligence - 3 Critical Dual-Use ApplicationsWeaponized Artificial Intelligence - 3 Critical Dual-Use Applications
Weaponized Artificial Intelligence - 3 Critical Dual-Use Applications
Daniel Faggella
 
AI, Automation, and Economic Impact - National Security Implications
AI, Automation, and Economic Impact - National Security ImplicationsAI, Automation, and Economic Impact - National Security Implications
AI, Automation, and Economic Impact - National Security Implications
Daniel Faggella
 
AI Innovation in the Pharmaceutical Sector - Accelerating Research
AI Innovation in the Pharmaceutical Sector - Accelerating ResearchAI Innovation in the Pharmaceutical Sector - Accelerating Research
AI Innovation in the Pharmaceutical Sector - Accelerating Research
Daniel Faggella
 
Artificial Intelligence in Pharma - Where it Matters
Artificial Intelligence in Pharma - Where it MattersArtificial Intelligence in Pharma - Where it Matters
Artificial Intelligence in Pharma - Where it Matters
Daniel Faggella
 
Artificial Intelligence in the Hospital Setting
Artificial Intelligence in the Hospital SettingArtificial Intelligence in the Hospital Setting
Artificial Intelligence in the Hospital Setting
Daniel Faggella
 
Dan Faggella - TEDx Slides 2015 - Artificial intelligence and Consciousness
Dan Faggella - TEDx Slides 2015 - Artificial intelligence and ConsciousnessDan Faggella - TEDx Slides 2015 - Artificial intelligence and Consciousness
Dan Faggella - TEDx Slides 2015 - Artificial intelligence and Consciousness
Daniel Faggella
 

More from Daniel Faggella (8)

The Challenges and Opportunities of AI for the Indian Economy
The Challenges and Opportunities of AI for the Indian EconomyThe Challenges and Opportunities of AI for the Indian Economy
The Challenges and Opportunities of AI for the Indian Economy
 
AI in Mental Health and Wellbeing - Current Applications and Trends
AI in Mental Health and Wellbeing - Current Applications and TrendsAI in Mental Health and Wellbeing - Current Applications and Trends
AI in Mental Health and Wellbeing - Current Applications and Trends
 
Weaponized Artificial Intelligence - 3 Critical Dual-Use Applications
Weaponized Artificial Intelligence - 3 Critical Dual-Use ApplicationsWeaponized Artificial Intelligence - 3 Critical Dual-Use Applications
Weaponized Artificial Intelligence - 3 Critical Dual-Use Applications
 
AI, Automation, and Economic Impact - National Security Implications
AI, Automation, and Economic Impact - National Security ImplicationsAI, Automation, and Economic Impact - National Security Implications
AI, Automation, and Economic Impact - National Security Implications
 
AI Innovation in the Pharmaceutical Sector - Accelerating Research
AI Innovation in the Pharmaceutical Sector - Accelerating ResearchAI Innovation in the Pharmaceutical Sector - Accelerating Research
AI Innovation in the Pharmaceutical Sector - Accelerating Research
 
Artificial Intelligence in Pharma - Where it Matters
Artificial Intelligence in Pharma - Where it MattersArtificial Intelligence in Pharma - Where it Matters
Artificial Intelligence in Pharma - Where it Matters
 
Artificial Intelligence in the Hospital Setting
Artificial Intelligence in the Hospital SettingArtificial Intelligence in the Hospital Setting
Artificial Intelligence in the Hospital Setting
 
Dan Faggella - TEDx Slides 2015 - Artificial intelligence and Consciousness
Dan Faggella - TEDx Slides 2015 - Artificial intelligence and ConsciousnessDan Faggella - TEDx Slides 2015 - Artificial intelligence and Consciousness
Dan Faggella - TEDx Slides 2015 - Artificial intelligence and Consciousness
 

Recently uploaded

Monitoring Java Application Security with JDK Tools and JFR Events
Monitoring Java Application Security with JDK Tools and JFR EventsMonitoring Java Application Security with JDK Tools and JFR Events
Monitoring Java Application Security with JDK Tools and JFR Events
Ana-Maria Mihalceanu
 
Elevating Tactical DDD Patterns Through Object Calisthenics
Elevating Tactical DDD Patterns Through Object CalisthenicsElevating Tactical DDD Patterns Through Object Calisthenics
Elevating Tactical DDD Patterns Through Object Calisthenics
Dorra BARTAGUIZ
 
Transcript: Selling digital books in 2024: Insights from industry leaders - T...
Transcript: Selling digital books in 2024: Insights from industry leaders - T...Transcript: Selling digital books in 2024: Insights from industry leaders - T...
Transcript: Selling digital books in 2024: Insights from industry leaders - T...
BookNet Canada
 
Designing Great Products: The Power of Design and Leadership by Chief Designe...
Designing Great Products: The Power of Design and Leadership by Chief Designe...Designing Great Products: The Power of Design and Leadership by Chief Designe...
Designing Great Products: The Power of Design and Leadership by Chief Designe...
Product School
 
UiPath Test Automation using UiPath Test Suite series, part 3
UiPath Test Automation using UiPath Test Suite series, part 3UiPath Test Automation using UiPath Test Suite series, part 3
UiPath Test Automation using UiPath Test Suite series, part 3
DianaGray10
 
To Graph or Not to Graph Knowledge Graph Architectures and LLMs
To Graph or Not to Graph Knowledge Graph Architectures and LLMsTo Graph or Not to Graph Knowledge Graph Architectures and LLMs
To Graph or Not to Graph Knowledge Graph Architectures and LLMs
Paul Groth
 
Knowledge engineering: from people to machines and back
Knowledge engineering: from people to machines and backKnowledge engineering: from people to machines and back
Knowledge engineering: from people to machines and back
Elena Simperl
 
FIDO Alliance Osaka Seminar: The WebAuthn API and Discoverable Credentials.pdf
FIDO Alliance Osaka Seminar: The WebAuthn API and Discoverable Credentials.pdfFIDO Alliance Osaka Seminar: The WebAuthn API and Discoverable Credentials.pdf
FIDO Alliance Osaka Seminar: The WebAuthn API and Discoverable Credentials.pdf
FIDO Alliance
 
Unsubscribed: Combat Subscription Fatigue With a Membership Mentality by Head...
Unsubscribed: Combat Subscription Fatigue With a Membership Mentality by Head...Unsubscribed: Combat Subscription Fatigue With a Membership Mentality by Head...
Unsubscribed: Combat Subscription Fatigue With a Membership Mentality by Head...
Product School
 
FIDO Alliance Osaka Seminar: Passkeys at Amazon.pdf
FIDO Alliance Osaka Seminar: Passkeys at Amazon.pdfFIDO Alliance Osaka Seminar: Passkeys at Amazon.pdf
FIDO Alliance Osaka Seminar: Passkeys at Amazon.pdf
FIDO Alliance
 
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Encryption in Microsoft 365 - ExpertsLive Netherlands 2024
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024
Albert Hoitingh
 
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...
Ramesh Iyer
 
De-mystifying Zero to One: Design Informed Techniques for Greenfield Innovati...
De-mystifying Zero to One: Design Informed Techniques for Greenfield Innovati...De-mystifying Zero to One: Design Informed Techniques for Greenfield Innovati...
De-mystifying Zero to One: Design Informed Techniques for Greenfield Innovati...
Product School
 
From Siloed Products to Connected Ecosystem: Building a Sustainable and Scala...
From Siloed Products to Connected Ecosystem: Building a Sustainable and Scala...From Siloed Products to Connected Ecosystem: Building a Sustainable and Scala...
From Siloed Products to Connected Ecosystem: Building a Sustainable and Scala...
Product School
 
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...
Jeffrey Haguewood
 
Accelerate your Kubernetes clusters with Varnish Caching
Accelerate your Kubernetes clusters with Varnish CachingAccelerate your Kubernetes clusters with Varnish Caching
Accelerate your Kubernetes clusters with Varnish Caching
Thijs Feryn
 
FIDO Alliance Osaka Seminar: FIDO Security Aspects.pdf
FIDO Alliance Osaka Seminar: FIDO Security Aspects.pdfFIDO Alliance Osaka Seminar: FIDO Security Aspects.pdf
FIDO Alliance Osaka Seminar: FIDO Security Aspects.pdf
FIDO Alliance
 
FIDO Alliance Osaka Seminar: Passkeys and the Road Ahead.pdf
FIDO Alliance Osaka Seminar: Passkeys and the Road Ahead.pdfFIDO Alliance Osaka Seminar: Passkeys and the Road Ahead.pdf
FIDO Alliance Osaka Seminar: Passkeys and the Road Ahead.pdf
FIDO Alliance
 
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered Quality
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualitySoftware Delivery At the Speed of AI: Inflectra Invests In AI-Powered Quality
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered Quality
Inflectra
 
Generating a custom Ruby SDK for your web service or Rails API using Smithy
Generating a custom Ruby SDK for your web service or Rails API using SmithyGenerating a custom Ruby SDK for your web service or Rails API using Smithy
Generating a custom Ruby SDK for your web service or Rails API using Smithy
g2nightmarescribd
 

Recently uploaded (20)

Monitoring Java Application Security with JDK Tools and JFR Events
Monitoring Java Application Security with JDK Tools and JFR EventsMonitoring Java Application Security with JDK Tools and JFR Events
Monitoring Java Application Security with JDK Tools and JFR Events
 
Elevating Tactical DDD Patterns Through Object Calisthenics
Elevating Tactical DDD Patterns Through Object CalisthenicsElevating Tactical DDD Patterns Through Object Calisthenics
Elevating Tactical DDD Patterns Through Object Calisthenics
 
Transcript: Selling digital books in 2024: Insights from industry leaders - T...
Transcript: Selling digital books in 2024: Insights from industry leaders - T...Transcript: Selling digital books in 2024: Insights from industry leaders - T...
Transcript: Selling digital books in 2024: Insights from industry leaders - T...
 
Designing Great Products: The Power of Design and Leadership by Chief Designe...
Designing Great Products: The Power of Design and Leadership by Chief Designe...Designing Great Products: The Power of Design and Leadership by Chief Designe...
Designing Great Products: The Power of Design and Leadership by Chief Designe...
 
UiPath Test Automation using UiPath Test Suite series, part 3
UiPath Test Automation using UiPath Test Suite series, part 3UiPath Test Automation using UiPath Test Suite series, part 3
UiPath Test Automation using UiPath Test Suite series, part 3
 
To Graph or Not to Graph Knowledge Graph Architectures and LLMs
To Graph or Not to Graph Knowledge Graph Architectures and LLMsTo Graph or Not to Graph Knowledge Graph Architectures and LLMs
To Graph or Not to Graph Knowledge Graph Architectures and LLMs
 
Knowledge engineering: from people to machines and back
Knowledge engineering: from people to machines and backKnowledge engineering: from people to machines and back
Knowledge engineering: from people to machines and back
 
FIDO Alliance Osaka Seminar: The WebAuthn API and Discoverable Credentials.pdf
FIDO Alliance Osaka Seminar: The WebAuthn API and Discoverable Credentials.pdfFIDO Alliance Osaka Seminar: The WebAuthn API and Discoverable Credentials.pdf
FIDO Alliance Osaka Seminar: The WebAuthn API and Discoverable Credentials.pdf
 
Unsubscribed: Combat Subscription Fatigue With a Membership Mentality by Head...
Unsubscribed: Combat Subscription Fatigue With a Membership Mentality by Head...Unsubscribed: Combat Subscription Fatigue With a Membership Mentality by Head...
Unsubscribed: Combat Subscription Fatigue With a Membership Mentality by Head...
 
FIDO Alliance Osaka Seminar: Passkeys at Amazon.pdf
FIDO Alliance Osaka Seminar: Passkeys at Amazon.pdfFIDO Alliance Osaka Seminar: Passkeys at Amazon.pdf
FIDO Alliance Osaka Seminar: Passkeys at Amazon.pdf
 
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Encryption in Microsoft 365 - ExpertsLive Netherlands 2024
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024
 
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...
 
De-mystifying Zero to One: Design Informed Techniques for Greenfield Innovati...
De-mystifying Zero to One: Design Informed Techniques for Greenfield Innovati...De-mystifying Zero to One: Design Informed Techniques for Greenfield Innovati...
De-mystifying Zero to One: Design Informed Techniques for Greenfield Innovati...
 
From Siloed Products to Connected Ecosystem: Building a Sustainable and Scala...
From Siloed Products to Connected Ecosystem: Building a Sustainable and Scala...From Siloed Products to Connected Ecosystem: Building a Sustainable and Scala...
From Siloed Products to Connected Ecosystem: Building a Sustainable and Scala...
 
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...
 
Accelerate your Kubernetes clusters with Varnish Caching
Accelerate your Kubernetes clusters with Varnish CachingAccelerate your Kubernetes clusters with Varnish Caching
Accelerate your Kubernetes clusters with Varnish Caching
 
FIDO Alliance Osaka Seminar: FIDO Security Aspects.pdf
FIDO Alliance Osaka Seminar: FIDO Security Aspects.pdfFIDO Alliance Osaka Seminar: FIDO Security Aspects.pdf
FIDO Alliance Osaka Seminar: FIDO Security Aspects.pdf
 
FIDO Alliance Osaka Seminar: Passkeys and the Road Ahead.pdf
FIDO Alliance Osaka Seminar: Passkeys and the Road Ahead.pdfFIDO Alliance Osaka Seminar: Passkeys and the Road Ahead.pdf
FIDO Alliance Osaka Seminar: Passkeys and the Road Ahead.pdf
 
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered Quality
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualitySoftware Delivery At the Speed of AI: Inflectra Invests In AI-Powered Quality
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered Quality
 
Generating a custom Ruby SDK for your web service or Rails API using Smithy
Generating a custom Ruby SDK for your web service or Rails API using SmithyGenerating a custom Ruby SDK for your web service or Rails API using Smithy
Generating a custom Ruby SDK for your web service or Rails API using Smithy
 

Artificial Intelligence in Lumber Retail (Home Depot, Lowe’s, etc)

  • 1. Artificial Intelligence in Lumber Retail (Home Depot, Lowe’s, etc) A presentation for the Northeastern Retail Lumber Association Annual Expo, 2020 Daniel Faggella CEO, Emerj Artificial Intelligence Research
  • 2. Presentation Preview ● Emerj in Brief ● Clearing Hype ● Use-Cases ● Near-Term Applications emerj.com @danfaggella
  • 3. At Emerj, we have a singular focus: Mapping what’s possible and what’s working with AI to help leaders execute on winning AI strategies. Global organizations trust us to support their AI goals and strategies with critical data and insight. Presenting our AI Research at United Nations HQ, NYC Emerj Artificial Intelligence Research
  • 4. Emerj AI Opportunity Landscape emerj.com @danfaggella
  • 7. Clearing the AI Hype emerj.com @danfaggella
  • 8. Impact Emerj: Our hundreds of AI expert interviewees differ in their opinions on many topics, but they unanimously agree that the workflows, processes, and ways of servicing customers will change in every industry. PwC: AI could contribute up to $15.7 trillion to the global economy in 2030.
  • 10. The State of AI in Business Appearance: Everyone is doing it. It’s transforming all industries already. Just add data scientists or an AI vendor = results. Accessible to all businesses. Reality: Everyone is talking about it. It’s bumbling to find a fit in the enterprise. Huge internal changes required. Accessible to firms with large R&D budgets and data science skill. emerj.com
  • 11. State of AI Startups Of “AI companies” even have requisite AI talent on their teams. ⅓ ⅓Of AI companies with talent have any kind of real traction.
  • 12.
  • 13. Challenges 1. AI is Not IT ● Iteration required ● Data access required ● Cross-functional teams A change in culture, workflows, and teams is necessary to enable it. 2. AI Ignorance ● What does AI do? ● How does AI work? ● Where could I apply it? ● etc... 3. Nascent Use-Cases AI is experimental by nature, and the current use-cases for enterprise are new. When startups stay afloat from revenue, not VC money there will be more tried and true use-cases. emerj.com
  • 14. Seeing the Future - Current Retail Use-Cases emerj.com @danfaggella
  • 15. Best View Into the Future for SMBs 1. Look to big tech (Amazon, Google, etc). 2. Look to top 5-10 largest firms in your sector. emerj.com @danfaggella
  • 18. Lowe’s - LoweBot Purported Capabilities: - Tracking inventory on shelves with computer vision - Helping customer navigate to products Status: - Was piloted in 2016 in the SF Bay Area - No major press pushes since 2016 - MAY be helping with inventory, unlikely to be helping real customers emerj.com
  • 20. Lowe’s - LoweBot Purported Capabilities: - “Preview” products in your actual living space with VR or phone - Browse items in 3D online Status: - In private beta since September of 2017 - Lowe’s customers cannot use this product today (Look out: Walmart)
  • 22. Home Depot - Zebra Technologies emerj.com @danfaggella
  • 23. Home Depot - Zebra Technologies Purported Capabilities: - Pooling data to decrease shrinkage and fraud - Detecting patterns across checkout data, inventory data, etc Status: - Claimed (in Aug 2019) to be rolling out across 1900 locations, status unclear - Rolling out first to the asset protection department (Look out: Computer vision) emerj.com @danfaggella
  • 24. Home Depot - Recommendations emerj.com @danfaggella
  • 25. Home Depot - Zebra Technologies Purported Capabilities: - Recommending related products or replacement products to customers on HomeDepot.com - Human “AI trainers” label data Status: - Claimed to be active across most of their online categories emerj.com @danfaggella
  • 26. Inevitable Retail AI Applications emerj.com @danfaggella
  • 27. Accessibility of AI Today: - “Doing AI” = Science For Small Business: - AI will become accessible when it can simply be “plugged in” and used (like Quickbooks, or Wordpress) emerj.com @danfaggella
  • 28. AI in Retail Opportunity Landscape
  • 29. Opportunity Landscape Trend 1: Logistics ● Data is being pooled from inventory, from transportation, and from other sources, providing the ability to forecast inventory levels, stocks needs, arrival times, etc. ● Inevitable: Nine and ten-figure retailers will digitize the clean their retail data to make it visible and useable. emerj.com @danfaggella
  • 30. Opportunity Landscape Trend 2: Personalization ● The web experience is being customized in terms of product listings, promotions, and search results - to the preferences of the user. ● Inevitable: Retailers with sizable online sales (and strong AI departments) will use AI to improve the relevance of online search. emerj.com @danfaggella
  • 32. Parting Takeaways General Advice for AI Adoption: - Observe the AI investments of your largest competitors / Amazon - Lean away from paper and towards transparent, reliable, real-time data - Each IT / process decision takes you farther or closer For > $80MM Firms: - Develop a clear sense of where AI opportunity lies in your business - Start small with high-ROI use cases - Prepare to overhaul the way data is collected, stored, and accessed For SMBs: - No need to invest in AI now, observe the “General Advice” above
  • 34. http://www.lowesinnovationlabs.com/lowebot / http://www.lowesinnovationlabs.com/lowes3d / https://www.forbes.com/sites/insights-intelai/2018/07/17/software-for-hardware-how-artificial- intelligence-is-helping-lowes-customers/#39b264c84286 / https://chainstoreage.com/technology/home-depot-increases-sales-visibility-for-decreased-shrink / https://www.figure-eight.com/success-stories/home-depot/ / https://emerj.com/ai-sector- overviews/artificial-intelligence-retail/ / https://emerj.com/ai-sector-overviews/computer-vision- applications-shopping-driving-and-more/ emerj.com Links / References