Digital Transformation Glossary: A

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Digital Transformation Glossary: A

A9

Amazon's product search algorithm.

AGILE DEVELOPMENT

Software development approach that involves designing solutions through collaborative efforts of self-organizing teams and cross-functional teams and their customers, including adaptive planning, transformative development, early delivery and continuous improvement.

AI-ENABLED RETAIL

AI (artificial intelligence) is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using the rules to reach approximate or definite conclusions), and self-correction. Applications of AI include expert systems, speech recognition, and machine vision. AI-enabled retail is used by retail stores.

ANTI-FRAUD TOOL

Used by retailers to manage fraud by fraud-detecting methods and services such as data analysis, data mining, time-series analysis, calculation of statistical parameters and matching algorithms to detect anomalies.

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