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Showing posts from October, 2019

Why Retail Returns Become a Technology Problem as Businesses Grow

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  The return looks simple from the customer's side. The customer sends the product back. The retailer receives it, processes the return, issues a refund, and puts the item back into inventory if it can be sold again. Behind that simple transaction, however, several systems may need to agree. The ecommerce platform has an original order. The payment system has a transaction. The warehouse has the returned product. The inventory system needs to know whether it can sell that product again. Finance needs to record the refund. Customer service needs to know what happened. When a retailer has few returns, employees can often fill the gaps manually. As the business grows, that approach becomes harder to maintain . The return itself isn't necessarily difficult . Keeping every system in sync is. Returns Touch More Systems Than Most Retailers Expect Consider a customer who buys a jacket online and returns it to a physical store. The store needs to identify the original order, confi...

Natural Language Processing – What it is and why it’s important

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Introduction Natural Language Processing — the application of software systems to examining, interpreting and accurately responding to speech is viewed as the next big leap in user interface technology. However, human speech is far more complex than most people realize. There are rules, such as spelling and grammar. How we interpret speech and text, though, is far less well-defined. How do you know when a person is being sarcastic, for example? How do we know that an athlete’s explosive sprint to the finish line didn’t involve any pyrotechnics? In human language, the words can say one thing, but the context and the tone make those words mean something else. It takes humans a half a lifetime to learn the subtle nuances of language. Even then, there will be words and phrases that some of us don’t understand. Then, there are further complications in understanding language, such as dialects and colloquialisms. So, how can a computer that “thinks” in binary be programmed, line by line,...

Robotic Process Automation and Its Applications

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Introduction Many large enterprises are using robotic process automation (RPA) to reduce costs and improve efficiency. By implementing RPA, businesses can automate repetitive and mundane tasks. RPA could represent the first step towards true intelligent automation. But what is RPA, and what are its applications in business? What Is Robotic Process Automation? RPA is a term that can be applied to any computer program that automatically performs a repetitive function. In its simplest form, RPA is the automatic out-of-office message that your email software sends. More sophisticated RPA bots can log into an application, perform tasks, and log out again. RPA is not a part of an organization’s IT infrastructure. RPA sits on top of the infrastructure and automates tasks that humans would otherwise perform. There are three main types of RPA bots. There are programmable bots that interact with other systems. There are intelligent RPA bots that can make decisions based on unstructured ...