From the course: Leveraging Cloud-Based Machine Learning on Google Cloud Platform: Real World Applications

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AI solution: Better inventory control

AI solution: Better inventory control - Google Cloud Tutorial

From the course: Leveraging Cloud-Based Machine Learning on Google Cloud Platform: Real World Applications

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AI solution: Better inventory control

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- [Man] So now that we define the problem, not having inventory optimization, which is leading to a decline in revenue, what's the solution? Well, it's about taking inventory and sales data, the ability to train some model, leveraging that data and the ability, to discern capabilities out of that model. In other words, we're taking data we already have, we're putting it into a machine learning model and it should be able to tell us certain things about the data they're able to leverage for the business. So in this case we're looking at customer actions, the ability for customers to demand drones and our ability to provide them with drones that are in inventory. Then looking at ways in which we can optimize, the balance of inventory, with the demands of the customers. So the future process in essence looks like this. We're able to take sales data, economic data, inventory data, our products on hand, and we're…

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