Carnegie Market Blog

 

Finances Show Us Retail Is Dying in 2017

Posted by Brent Luce on Apr 10, 2017 4:58:28 PM

Retail Death Watch

I could probably write a book on this subject since it is such a powerful technology-based disruption taking place, but then what would I talk about in future blogs?  As you know, the shift to online purchases continues and it is severely disrupting brick-and-mortar retailing.  Watch: Retail is a Mess to Say the Least

Here are a couple of interesting charts:


As you can see from the above chart, while it is still early, it appears we have reached a tipping point where retailers are all scrambling to reduce their footprint. Just a quarter or two ago, many were happy with their footprint but now they are saying that they need to aggressively close stores.  What this means is that they are all doing the same thing at the same time – looking closely at their weakest locations and eliminating them.  This has a viral effect, since the smaller mall-based retailers and those that locate adjacent to malls all depend on a handful of big retailers to keep things afloat.  Not only that, but the retailers will be looking at the exact same locations to eliminate, so entire shopping areas will suddenly just go dark.  If the large retailers are closing stores, which they are, many others will follow.  Read More: America's Stores Are Closing Stores Faster Than Ever

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Topics: A.I., Brewery Bubble, Beer

Harvard Endowment Poor Performance and A.I.

Posted by Brent Luce on Sep 29, 2016 4:06:02 PM

 

A.I. Story of the Week

If I wrote the blog more than once a week or so, I would call this the story of the day.  Every day, there are new stories about new developments and advancements in artificial intelligence and related technologies. One story that grabbed my attention this week (Click Here to Read It) discusses how Hanover, a Microsoft machine learning project, is using A.I. to help treat cancer.  With hundreds of cancer drugs and new research being published constantly, along with the uniqueness of each patient and their likelihood to respond to a given therapy, it is impossible for doctors to know everything there is to know in order to best treat the patient.  A.I. can come up with insights without being specifically programmed to do so by “reading through” research papers, clinical trials, medical records, radiology reports, etc.  This is amazing technology, and we are just scratching the surface of its potential.   RELATED:  Why Deep Learning is Suddenly Changing your Life  - this is a good intro to A.I. and deep learning.

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Topics: Apple, Artificial Intelligence, Harvard Endowment, A.I.

Random Seasonality and more A.I.

Posted by Brent Luce on Sep 15, 2016 4:04:54 PM

A.I. This Week

One can hardly read Twitter (or the newspaper for those that still do that) anymore without seeing a new story of how A.I. technology is driving new innovation.  You most likely heard that Uber driverless cars went online yesterday in Pittsburgh, but another interesting development this week was that Project Wing, a unit of Google, is experimenting with Chipotle burrito delivery via autonomous drones at Virginia Tech.  Watch:  Google Tests Burrito Delivery via Drone at Virginia Tech  I can only image kids laying out in the quad ordering burritos, only to have a drone come and drop off a barbacoa burrito (no extra meat, though, since that might exceed the weight limit on the drone).  Clearly this is partially a marketing stunt by tying in Chipotle; it would never make sense to deliver burritos by drone any time soon – are there going to be hundreds of drones flying around campus, each with one burrito on them? 

Looking beyond the marketing aspect, Virginia Tech is an FAA approved test site and the experiments are being run by the some of the brightest technology minds in the world.  Burritos aside, one application that comes into mind is healthcare and first responders.  Imagine if as soon as a call comes in, a drone could be dispatched to deliver Narcan or an EpiPen.  Or, in a pursuit, instead of a helicopter, there is just a drone following the assailant.  Or maybe instead of people having to go to the pharmacy, important prescriptions will be “droned” directly to those in need.  There are many applications beyond just the delivery of Amazon goods and such, and while still in its infancy, this technology may be coming sooner than most people realize.   MORE: Will Drones be Delivering your Medicine? 

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Topics: Seasonality, A.I., Unicorns

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