Question: Task Read the supplied business case and understand the problem of the business so that you, as the subject matter expert in Machine Learning will
Task
Read the supplied business case and understand the problem of the business so that you, as the subject matter expert in Machine Learning will write a report to highlight potential AI and ML related issues and explore the trending technologies in AI and ML which can help solve the business problems.
Description
This report will be based on research of AIML issues related to ethical, privacy and security, etc. as well as exploring trending technologies in AIML to address the business problems in the business case provided below. You will not only need to understand the basic machine learning algorithms and applications, but also its ethical, privacy and security issues when choosing and implementing the trending technologies to support the business.
Business Case
YourSuperStore is a market leader in grocery retail. It has over stores nationwide covering most of the major cities. It is becoming more and more important to fulfill peoples daily grocery needs. Due to the significant growth of the business. The old Loyalty Program that has over million members, is no longer suitable to support the business. The board has decided to implement a new Loyalty Program hint: it is like Everyday Rewards in Woolworths to advance the business in various areas:
Customer retention
Marketing communications
Predictive analytics crossselling and upselling
Fraud detection
AI and Machine Learning are rapidly transforming many industries including grocery retail. YourSuperStores competitors have quickly made the move to invest in trending AI technologies. To retain its marketleading position, the business would like to incorporate machine learning into the new Loyalty Program.
The CEO has appointed you as the subject matter expert in Machine Learning knowing the algorithms and applications to conduct research to highlight the potential issues and explore trending technologies in AIML for the Loyalty Program.
Report
Before project can be initiated, you are required to conduct research and write a report to cover:
Executive Summary
Objectives
Business problems
Benefits of AIML
Trending AIML related technologies to support below areas respectively for the Loyalty Program:
Customer retention
Marketing communications
Predictive Analysis crossselling and upselling
Fraud detection
Potential ethical, privacy and security issues
Positive and negative impacts these issues could bring to the business and the Program.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
