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Articles by Mark Krupnik
Council Post: Boost Your Business: The ChatGPT Approach
Mark Krupnik, PhD, is one of the world's top experts in advanced analytics & AI for retailers. He is the founder and CEO at Retalon. getty Many of us have heard about ChatGPT, but why is everyone so excited about it? You can ask it complicated questions, and it provides a response in seconds—but so do Google and Bing as well as Alexa, Siri and many other tools. What makes it different?
Council Post: There’s Active Drugs In Our Drinking Water: What’s Being Done?
Mark Krupnik, PhD, is one of the world's top experts in advanced analytics & AI for retailers. He is the founder and CEO at Retalon. Most North Americans are acutely aware of the devastating effects car pollution, methane from cows and plastic waste have on the environment. These issues are in the news all the time, and it’s great that the message is getting out there so people can take action.
Are You a Real CEO? Here's a Self-Assessment Formula Original
In his amazing book, The Hard Things about Hard Things, Ben Horowitz mentioned that after he drove his company through some serious challenges and turbulence, the board suddenly told him that now is the time to find a real CEO. This is something that many founding CEOs have heard and asked themselves: "Am I a real CEO?" This question is hard to answer, since it's impossible to know what would happen if an ideal CEO would run the company.
Council Post: How To Get Started With Analytics In Five Important Steps
Mark Krupnik, PhD, is one of the world's top experts in advanced analytics & AI for retailers. He is the founder and CEO at Retalon. getty If you’ve been hearing rumors that your competition is harnessing AI-powered analytics and you’re not doing so already, then you should probably worry. According to McKinsey & Company, front-runners who adopt AI within the next five to seven years will lead their competition by over 120%.
El próximo negocio de un billón de dólares del que aún no has leído
Este artículo fue traducido de nuestra edición en inglés utilizando tecnologías de IA. Pueden existir errores debido a este proceso. Las opiniones expresadas por los colaboradores de Entrepreneur son personales. La definición comúnmente aceptada de inteligencia artificial (IA) es la capacidad de una computadora para decidir sin intervención humana.
The Next Trillion-Dollar Business You Haven't Read About Yet
The commonly accepted definition of artificial intelligence (AI) is the capability of a computer to decide without human intervention. Let’s think about this for a moment: If I taught a computer that 2 plus 2 equals 4, then from that moment on this computer will be able to answer the question “How much is 2 plus 2?” without human intervention. Does this mean it has AI capability? Well sort of, but it’s a bit like cheating because human intervention did take place, just in the past.
Council Post: Want To Be Successful At Digital Retailing? Don’t Miss The Main Ingredient: Part One
Mark Krupnik, PhD, is one of the world's top experts in advanced analytics & AI for retailers. He is the founder and CEO at Retalon. getty Store closures? You might think, "That has nothing to do with us. We can’t die. We are too big; our brand is iconic," and so on. The truth is, the only constant is change. Digital retailing is an industry mainstay and has pushed established brands to evolve.
Council Post: Retailers: Leverage AI For A Greener Planet And Greener Financial Statements
Mark Krupnik, PhD, is one of the world's top experts in advanced analytics & AI for retailers. He is the founder and CEO at Retalon. getty There are some who believe that sustainable supply chains that lead to a greener planet can only exist at the expense of the business. As if it were some sort of “can’t have the cake and eat it too” type of deal. This is a misconception. In a 2018 report, Gartner, Inc.
Council Post: What Customers Want To Know When They Ask If Your Solution Is 'SaaS'
Mark Krupnik, PhD, is one of the world's top experts in advanced analytics & AI for retailers. He is the founder and CEO at Retalon. getty It is interesting people mean different things when they ask, "Is your solution SaaS?" The term "SaaS" is often poorly defined and, as a result, used too generally. Throughout my time answering this question, I have heard several totally different interpretations of what people really want to know.
4 AI Misconceptions that are Costing Retailers Money and Time
Artificial intelligence (AI) and machine learning (ML) have quickly become buzzwords in the retail industry. With companies like Nike purchasing retail AI firms for tens of millions of dollars, many retailers are prioritizing AI in their budgets for the next several years. But as these technologies become more embedded in the industry, it's important to understand and clarify some common misconceptions lest they end up costing retailers a lot of money and time.
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