Prof. Dr.-Ing. Gisela Lanza: Artificial Intelligence - The new production manager
The possible industrial applications of artificial intelligence (AI) are manifold. There are AI systems that perform quality inspection more reliably than humans as well as systems that support engineers in the design phase. Thus, will entire factories soon be managed by AI? Practical examples demonstrate what AI systems can already do, where they are already applied and what limits prevail. Altogether, the new role of production managers will be projected.
Dr. Hannes Sieling: AI-Enabled Price Markdowns for Groceries in Real-Time
AI allows retailers to translate business decisions at scale with a high degree of automation. As grocery retailers experience intensifying competition, they need to manage pricing processes for expiring products to balance profitability and waste. Learn how AI enables the full utilization of intraday POS data and real-time decision making to manage markdowns. Markdown pricing contributes to sustainability goals by minimising and controlling waste based on the retailer’s business strategy.