Amazon.com, Inc. (NASDAQ:AMZN) To Provide New Platform To Developers
Amazon.com, Inc. (NASDAQ:AMZN) the e-retailer adds to its cutting-edge technology prowess with a cache of latest data analytic tools for increased automation of sales predictions. The new platform will be available for European developers and will also see scientists and researchers from New York as well as Berlin participate in building automated sales forecasts as well as fraud predictions.
The entire new platform that the largest retailer online, in terms of capitalization in the market, is building is based on the scientific principles of artificial intelligence. One of the cutting-edge components of artificial intelligence in recent years has been ‘machine learning.’
A specialty of the new world of data crunch this science platform allows developers to create solution that do not require reprogramming for every new data set that is collated. As ‘big data’ or analysis of super-fine data bits increasingly becomes the norm, enterprises are engaged in learning from the large cache of data collected from across their operations.
Now, Amazon.com, Inc. (NASDAQ:AMZN) has taken the next step in this process of gaining business intelligence from big data. It now hopes to combine the benefits of machine-learning to predict its sales as well as identify opportunities for fraud.
Prediction as near as 5-seconds to 5-weeks
Amazon.com, Inc. director of machine learning at its European offices, Ralf Herbrich, who also manages the Amazon Development Center located in Germany, reported the sophistication of the software. He comments that the pattern of recognition is in terms of scale. The machine-learning software has the ability to predict customer action for as high as 5 seconds from the instance or as late as five weeks.
The platform will be thrown open by Amazon.com, Inc. (NASDAQ:AMZN) for use by other companies, whether they are customers or otherwise of the platform. It is a set of visualization tools as well as wizards which will users without technical knowledge to create predictions based on the historical data of the business.
Amazon.com, Inc. research groups for machine-learning platform development are located in several locations, such as Palo Alto, Berlin as well as Bangalore. The company too has a speech-recognition team in Aachen, Germany.
Source: Amazon.com, Inc. (NASDAQ:AMZN) To Provide New Platform To Developers
Via: Google Alert for ML