Close Menu

    Subscribe to Updates

    AITS newsletter
    What's Hot

    Larry Summers Encourages the Significance of OpenAI Technology as ‘Extraordinarily Important’

    December 2, 2023

    Discover the Latest Ethereum Collection and AI Technology on WWD

    December 1, 2023

    C3.ai Stock Surges: What’s Behind Today’s Rally? | The Motley Fool

    December 1, 2023
    Facebook X (Twitter) Instagram
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    Facebook X (Twitter) Instagram Pinterest Vimeo
    AITS – AI Tools SoftwareAITS – AI Tools Software
    • Home
    • AI in Business
    • AI solutions
    • AI Tools
    • Automation for Business
    • ChatGPT
    • OpenAI
    Subscribe
    AITS – AI Tools SoftwareAITS – AI Tools Software
    Home»Ai in Business»Navigating the Warehouse of Knowledge: My AI Journey in Business | by Manmeet Singh Behl | Aug, 2023
    Ai in Business

    Navigating the Warehouse of Knowledge: My AI Journey in Business | by Manmeet Singh Behl | Aug, 2023

    By August 19, 2023No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Manmeet Singh Behl

    Understanding AI for Business Efficiency and Optimization

    As a dedicated learner for life, my voyage through the comprehensive course on “AI for Business” by “Hadelin de Ponteves and Kirill Eremenko” has been nothing short of enlightening. This immersive program has granted me an understanding of artificial intelligence and its multifaceted applications in amplifying business operations. One specific case study involving an Autonomous Warehouse Robot embarking on a dynamic journey really intrigued me and has played a pivotal role in shaping my comprehension of AI concepts and their real-world implications.

    Understanding the Autonomous Warehouse Robot Scenario

    The backdrop of the case study is an online retail company’s bustling warehouse, brimming with a multitude of products primed for dispatch. The real star of the show is the revolutionary Autonomous Warehouse Robot, steered by cutting-edge AI algorithms, that nimbly maneuvers through the facility, cherry-picking products slated for future shipments. The intriguing facet lies in how AI can effectively guide the robot’s movements, ensuring that it not only swiftly reaches the highest-priority location but also optimizes its path by considering intermediary locations in the top three priorities.

    Autonomous Vehicle

    Inside this warehouse, the products are stored in 12 different locations, labelled by the letters from A to L.

    As the orders are placed by the customers online, an Autonomous Warehouse Robot is moving around the warehouse to collect the products for future deliveries.

    The 12 locations are all connected to a computer system, which is ranking in real time the priorities of product collection for these 12 locations. For example, at a specific time t, it will return the following ranking:

    Unravelling the Components: States, Actions, and Rewards

    The journey commences with meticulously defining the environment’s intricacies, a foundational step in any AI endeavor. In this context, states denote the specific location of the robot at any given time. These locations are ingeniously encoded into numerical index values, a nifty trick that streamlines complex mathematical operations. Actions, on the other hand, encompass the robot’s potential movements, also encoded for easy computational handling. The crux of the decision-making process is embedded in rewards. This captivating facet involves constructing a reward matrix that intricately outlines the robot’s permissible actions in distinct states. Furthermore, it allocates high rewards to the preeminent priority locations, thereby fueling the robot’s strategic decisions.

    Reward Matrix

    Embracing Markov Decision Processes

    Central to AI’s decision-making prowess are Markov Decision Processes (MDPs), a foundational mathematical framework with widespread applications. MDPs encapsulate crucial components of the environment, including states, allowable actions, transition probabilities, and rewards. The keystone assumption within MDPs posits that future states hinge solely on the existing state and the executed action, dismissing any influence of prior states and actions. This streamlined abstraction empowers AI systems to craft informed decisions based on the prevailing circumstances.

    Temporal Difference Learning: Peering into Future Rewards

    Temporal Difference (TD) learning constitutes the bedrock of Q-Learning, a seminal algorithm within the AI landscape. TD bridges the gap between actual rewards and projected future rewards. The crux lies in calculating the variance between these two metrics, thereby enabling AI to assess surprises and frustrations. This invaluable insight governs updates to Q-values, the heart of AI’s decision-making process. A higher TD signifies favorable surprises, while a lower TD signifies dissatisfaction or discrepancies.

    Demystifying Q-Learning: Guiding AI Choices

    Q-Learning, a core concept in reinforcement learning, bestows AI systems with the power to make strategic decisions. It involves attributing Q-values to state-action pairs, where Q-values signify the utility of an action within a particular state. Through a cycle of iterations and updates, AI gradually learns to maximize favorable surprises by selecting actions with elevated Q-values. The crux of this learning process lies in the Bellman equation, a mathematical formula that propels AI’s decision-making in the direction of its learning objectives.

    Navigating the SoftMax Conundrum: Optimal Decision-Making

    Selecting the most appropriate action is the crux of AI’s mission. Two prominent strategies, Argmax and SoftMax, vie for prominence. Argmax entails selecting the action with the highest Q-value — a straightforward yet powerful approach. Conversely, the SoftMax technique formulates action probabilities based on Q-values, fostering a more nuanced decision-making process. While SoftMax shines in complex scenarios, the Argmax method suffices for our warehouse scenario.

    Concluding Insights: Empowering Future Business Endeavors

    As I reflect on my journey through the AI for Business course, I am exhilarated by the potential of artificial intelligence to reshape industries and amplify business efficiency. The autonomous warehouse robot case study offers an illuminating glimpse into AI’s transformative impact on operations. The case study’s emphasis on leveraging AI to optimize warehouse flows showcases how technology can harmonize with operations, leading to enhanced productivity and customer satisfaction.

    Useful Link’s to augment your AI learning:

    1. Simple Reinforcement Learning with TensorFlow Part 0: Q-Learning with Tables and Neural Networks by Arthur Juliani

    2. Real World Applications of Markov Decision Process by Somnath Banerjee

    3. Reinforcement Learning: An Introduction by Richard S. Sutton and Andrew G. Barto

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleDungeons & Dragons asks illustrators to stop using AI for illustrations
    Next Article Weights & Biases, which counts OpenAI as a customer, lands $50M

    Related Posts

    Ai in Business

    Discover the Latest Ethereum Collection and AI Technology on WWD

    December 1, 2023
    Ai in Business

    Unleashing the Power of AI for Maximum Process Optimization

    December 1, 2023
    Ai in Business

    Discover the Potential of Generative AI in Generating Income

    November 30, 2023
    Add A Comment

    Comments are closed.

    Breaking News AI Tools

    Larry Summers Encourages the Significance of OpenAI Technology as ‘Extraordinarily Important’

    December 2, 2023

    Discover the Latest Ethereum Collection and AI Technology on WWD

    December 1, 2023

    C3.ai Stock Surges: What’s Behind Today’s Rally? | The Motley Fool

    December 1, 2023

    “HPE: AI’s impact on enterprise is not ‘overstated,’ says new report” – The Register’s latest findings

    December 1, 2023

    Discover How Robotics and Automation Are Transforming Industries

    December 1, 2023

    Unleashing the power of AI in solution enhancement: Insights from Splunk’s Paul Kurtz

    December 1, 2023

    Diverse Founders Face Double Standards: Insights from the OpenAI Saga

    December 1, 2023

    Unleashing the Power of AI for Maximum Process Optimization

    December 1, 2023

    ChatGPT: The App Apple and Google Missed for App of the Year

    December 1, 2023

    Unlock the Power of AI Alchemy: Turn Your Data into Gold

    December 1, 2023

    Gain a Competitive Edge with Backlinks in the AI Era: A Must for Marketers

    December 1, 2023

    Amazon offers free AI training to 2 million people by 2025 – don’t miss out!

    December 1, 2023

    OpenAI CEO Sam Altman’s stunning real estate portfolio in Napa and Big Sur

    December 1, 2023

    Discover the Potential of Generative AI in Generating Income

    November 30, 2023

    Mastering Advanced Data Analysis with ChatGPT’s Code Interpreter: GPT-4 for Data Scientists

    November 30, 2023

    Discover the 7 Best Project Management Software for 2023 – Get Ahead with Robotics & Automation News

    November 30, 2023

    Why AI Could Revolutionize Your Dental Experience

    November 30, 2023

    Revolutionary AI Mammography Platform Launched by GE HealthCare in Collaboration with iCAD

    November 30, 2023

    The Take: OpenAI’s pivotal decision – Is AI a threat to humanity? | Latest in Technology News

    November 30, 2023

    How Big Corporations are Navigating the Challenge of Trustworthy A.I. Data

    November 30, 2023

    “Couchbase’s new columnar side store aims to outshine MongoDB” – The Register

    November 30, 2023

    Are Our AI Models Responsible? Research Suggests Otherwise

    November 30, 2023

    The Impact of AI on Payment Systems – A Comprehensive Analysis

    November 30, 2023

    OpenAI’s Latest Board Announces Microsoft’s Observer Role in Major Power Shift

    November 30, 2023

    Nvidia CEO Jensen Huang predicts Artificial General Intelligence (AGI) will be achieved within 5 years

    November 29, 2023

    “The Clergy’s jobs at risk as AI threatens to automate them away” – The Register

    November 29, 2023

    Maximize Your Healthcare Software Investment with These Top 7 Robotics and Automation Solutions

    November 29, 2023

    Amazon Introduces Q, the Revolutionary AI Assistant for the Workplace – See How It’s Changing the Game!

    November 29, 2023

    Is This Top Artificial Intelligence (AI) Stock Too Pricey to Invest In?

    November 29, 2023

    Discover How OpenAI’s Custom Chatbots Are Exposing Their Secrets

    November 29, 2023
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    85
    AI solutions
    2 Mins Read

    Pico 4 Review: Should You Actually Buy One Instead Of Quest 2?

    Tom KuJanuary 15, 2021 Uncategorized
    8.1
    Uncategorized
    2 Mins Read

    A Review of the Venus Optics Argus 18mm f/0.95 MFT APO Lens

    Tom KuJanuary 15, 2021 Uncategorized
    8.9
    Ai in Business
    6 Mins Read

    DJI Avata Review: Immersive FPV Flying For Drone Enthusiasts

    Tom KuJanuary 15, 2021 Uncategorized

    Subscribe to Updates

    Join the Premium AITS AI Newsletter FREE for Life!

    AITS newsletter
    Most Popular

    Microsoft Co-Founder Bill Gates Visits EU, Steers Clean Energy Talks

    January 11, 2020

    Tablet PC Market to Witness Exponential Growth by 2028, Sources Say

    January 11, 2020

    Save $25 on Philips Wired Headphone For A Great Sounding Over-Ear Headphone

    January 12, 2020
    Our Picks

    Larry Summers Encourages the Significance of OpenAI Technology as ‘Extraordinarily Important’

    December 2, 2023

    Discover the Latest Ethereum Collection and AI Technology on WWD

    December 1, 2023

    C3.ai Stock Surges: What’s Behind Today’s Rally? | The Motley Fool

    December 1, 2023

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    AITS newsletter

    Type above and press Enter to search. Press Esc to cancel.