ISB summit highlights need for data-based analytics in retail

Hyderabad: ISB Institute of Data Science (IIDS) organised a day-long data science summit on artificial intelligence and data science applications on supply chain models with a special focus on retail analytics. The day-long hybrid event brought together 180 researchers, data scientists, and developers to discuss artificial intelligence, data science, applied machine learning, and predictive applications […]

Hyderabad: ISB Institute of Data Science (IIDS) organised a day-long data science summit on artificial intelligence and data science applications on supply chain models with a special focus on retail analytics. The day-long hybrid event brought together 180 researchers, data scientists, and developers to discuss artificial intelligence, data science, applied machine learning, and predictive applications in retail and supply-chain.

Professor Madan Pillutla, dean, ISB, in his inaugural address, spoke about the inevitability of organisations moving from traditional ways of doing business to those based on data. In this era of increased automation and digitisation, he emphasised the need for organisations to make insightful data-based decisions.

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Dr Shailesh Kumar, chief data scientist at the Center of Excellence for AI/ML at Reliance Jio, shared his insights on the Ashtaang AI- eight layers in an AI-Stack for complex ecosystems and explained the need for an end-to-end AI- Stack for complex ecosystems across the industry.

Sauvik Banerjjee, CTO, Tata Digital & TataNeu, explained data science hierarchy of needs- starting from data collection to AI & deep learning. Professor Milind Sohoni, deputy dean, ISB emphasised the importance of integrating the Internet of Things (IoT) to create smarter and more efficient supply-chains.

The panel comprising Mamata Rajnayak, Vinod Kumar Ramchandran, K Venkat Raghavan, and Jatinder Kautish focused on various emerging touch points across the value chain that will determine the future of retail.

Another panel comprising Aditya Maru, Gopalan Oppiliappan, Nilanjan Chatterjee, and Vijay Nair deliberated on concepts and technologies that are being implemented within supply-chain analytics to maximise efficiencies while minimising business disruptions.

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