The Wearable AI Market is set to grow from its current market value of more than USD 35 billion to over USD 180 Billion by 2025; as reported in the latest study by our friends over at Global Market Insights, Inc. The explosive growth of smartwatches has been the primary factor propelling the wearable AI market. Continuous improvements in the design and functionality along with its availability at lower price increased its adoption among consumers.
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Industry Perspectives
Monte Carlo Method and Price Testing: Old Solution for Modern Problems
In this special guest feature, Vladimir Kuchkanov, Pricing Solution Architect at Competera, examines how data scientists often forget about classics while good old algorithms are still relevant and efficient. In particular, Monte Carlo method (MCM) pops up in mind. Among many fields of its application, MCM has established itself as a solid solution in price prediction and automation of pricing rules in retail. Like any analytical approach, MCM has limitations and inaccuracies. Despite this, many fields, including retail, still utilize it.
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Machine learning for all: the democratizing of a technology
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