10 Ways AI and ML Are EvolvingIf you think what's happening with artificial intelligence and machine learning is interesting now, just wait.
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Partnerships Will Change
Companies have historically had a core competency, such as selling groceries or selling prescription and over-the-counter drugs. Yet, their products overlap somewhat for customers' convenience and to boost the retailer's share of wallet. Traditionally, there hasn't been much synergy between the two types of companies.
"Walgreens is collaborating with Kroger to provide a seamless experience for customers who are looking for pharmacy products and groceries. We'll start to see those kinds of partnerships [create] new data-driven business models that are going to be [powered] by AI," said Accenture's Chakraborty.
To do that, enterprises need to do three things:
- Keep business objectives in mind and architect an enterprise-wide data backbone;
- An analytics marketplace that empowers the business folks to work with data; and
- An insights engine on top of the analytics marketplace that drives better decisions.
Lisa Morgan is a freelance writer who covers big data and BI for InformationWeek. She has contributed articles, reports, and other types of content to various publications and sites ranging from SD Times to the Economist Intelligent Unit. Frequent areas of coverage include ... View Full Bio
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