A N N U a L R E P O Rt 2 0 19

Total Page:16

File Type:pdf, Size:1020Kb

A N N U a L R E P O Rt 2 0 19 Annual Report 2019 - 2020 Contents 4 6 8 Welcome to Active & Amazeum the Amazeum Vibrant Museum Anywhere 10 12 14 Creative Education COVID-19 Studio Innovation Response 16 18 5 Years of Donor Listings Amazeum & Financials The Scott Family Amazeum exists to spark and nurture the curious and creative spirit of diverse communities, supporting the development of innovative thinking necessary to meet challenges of the future. Annual Report 2019 – 2020 Annual 2019 Report ABOUT THE ZING Like a moment of discovery, the spark of creativity, the power of curiosity and the impact of learning, the Amazeum Zing represents the “a-ha” moments central to our mission to provide meaningful, integrated, interactive learning experiences in science, technology, engineering, art and math. “Necessity is the mother of invention.” -Plato 4 | Scott Family Amazeum Dear Scott Family Amazeum Community, As someone who relishes looking have discussions around support- and creating personal protective past the obvious for opportuni- ing the work of Makers and Doers, equipment at a critical time. ties to learn, grow and innovate, on innovation and creativity, and We greatly appreciate the hard I begin this letter by stating the listened to amazing keynote speak- work of families, businesses, obvious. This year is unlike any ers like Dale Dougherty, founder makers, and other organizations other, at least in my memory. of Maker Media and the grand to support the museum in so many In so many ways, it feels like a champion of the Maker Movement different ways as well. As I write tale of two different years. around the world. We wrapped up this, I was told of a young guest this fantastic day of collaboration who contributed to the museum Our fiscal year started on a tra- and conversation excited to build out of his piggy bank to help sup- jectory fueled by increased atten- on the community spirit generated port the team of people he loves. dance, innovative on-site programs by those in attendance. The energy and experiences, and anticipation was palpable, electric even. We know challenges will continue of celebrating our 5th birthday in as we look ahead. The pathway July. Our work in the community By March, the world changed in forward will be twisty and unpre- continued to build relationships countless ways for all of us. dictable. But I think we also know with diverse audiences, busi- that when communities come ness partners and creatives. One of the main threads woven into together, nothing is impossible. If everything we do, though, remained I had to make a wager, I’d bet on In late January, we hosted a state- strong - community. Even after Northwest Arkansas, this Amazeum wide Maker Summit in Downtown making the difficult, yet necessary, team, and our wonderful families Springdale. I love this event as decision to close our doors, the EVERY. SINGLE. TIME. NWA - you it encapsulates our inspiration, Amazeum team and this community amaze me every day. I look forward dedication and aspiration of continued to do wonderful things to seeing how we all tackle this building and sustaining a maker in support of each other. We sent upcoming year head-on, together. ecosystem throughout Arkansas care notes to people in quarantine. and beyond. With the support of We assembled science kits that Stay safe, stay healthy, and just the Windgate Foundation, Tyson provided a few moments of playful as important, stay curious, Family Foundation, Arts Center of exploration for families facing food the Ozarks, Downtown Springdale insecurity. We leveraged our talents Alliance and many other businesses, to create online libraries of digital the Summit brought together experiences for families to explore thought leaders, entrepreneurs and whenever and wherever they creatives from throughout the state were. The relationships built with Sam Dean and nation. We were fortunate to makers led to rapid prototyping Executive Director Annual Report 2019 – 2020 | 5 Active & Vibrant Museum “Creativity was born out of necessity, because I didn’t have a lot of things to play with.” - Ann Makosinski inventor and public speaker 6 | Scott Family Amazeum Sustaining a vibrant museum expe- Sharpless and fabricated in the Fay work put to the test by an eager rience at the Scott Family Amazeum Jones School of Architecture Fab and enthusiastic audience!” necessitates discovering unique, Lab, Salvage Swings won the 2019 interactive exhibits from across the City of Dreams annual international “Salvage Swings is a wonderful country, or, in the case of Salvage architectural design competition addition to our Playscape,” says Swings, right in our backyard. in New York City. “What excites us Smith, “It is playful, well-designed most about this proj- and illustrates how creativity The relationship It is playful, ect,” says Colangelo, “is applied to common materials between the Amazeum well-designed that it is an opportunity results in unique objects. This and the University of to think about environ- directly aligns with our philosophy and illustrates Arkansas grows each mental stewardship, of tinkering and making where we year with regular col- how creativity waste and having fun encourage experimentation with laboration between the applied to all at the same time!” materials to incite creativity while Amazeum team, faculty common leaving the authenticity of the and students often materials Salvage Swings materials themselves exposed.” resulting in temporary results in consists of 12 modules exhibitions of proto- unique objects. constructed from “The selection of the Scott Family types and permanent cross-laminated timber Amazeum as the ongoing home exhibits from student (CLT) shipping pallets for Salvage Swings furthers our architects, engineers and designers. salvaged during the construction desire to be a hub of innovative of the Adohi Residence Hall at the art and science integrations,” says “We learn a lot from our collabo- University of Arkansas. Arranged Sam Dean, Amazeum executive rations with the U of A,” says Erik into a triangular pavilion, each director. “Our collaborations Smith, director of exhibits and module contains an individual swing with makers in residence, artists, facilities. “And they learn a ton from and frames a view of the landscape architects, engineers, technologists us, especially when working on surrounding the Amazeum. and students in our creative studio interactive experiences and designs result in elevating the concept created for play.” Working with stu- “We are so thrilled to see of art as organic, accessible and dents led to connecting with faculty Salvage Swings installed at the shareable, connecting a diverse and the greater U of A design com- Amazeum. Work like this only maker community in Northwest munity, which provided an opportu- comes to life when it is being Arkansas and beyond. We are nity to enhance the Playscape with used and enjoyed,” says Charles grateful for our partnerships with the installation of Salvage Swings. Sharpless. “Collaborating with the U of A School of Architecture, Designed by Arkansas-based the Amazeum provides such a the School of Engineering and the Somewhere Studio lead architects valuable opportunity for emerg- Patti Johnson Wilson Foundation Jessica Colangelo and Charles ing designers to get to see their for supporting this work.” FISCAL YEAR JUL 1, 2019 – JUN 30, 2020 185,583 78,614 5,992 14,792 Total Attendance Total Member Priceless Nights member visits households attendance Annual Report 2019 – 2020 | 7 Amazeum Anywhere “Experiences are everything. And businesses must create experiences that mean something. If necessity is the mother of invention, then vision is the father of innovation.” - Brian Solis digital analyst, speaker, anthropologist and author 8 | Scott Family Amazeum In any other year, taking the Scott says Sam Dean, Amazeum executive by taking an idea and exploring Family Amazeum’s brand of inter- director. “The team came together where else we can apply this new active learning anywhere meant to create the parts, assemble them, knowledge to engage with greater physically packing up activities. and prepare for a flight of unde- numbers of people.” Before the The Amazeum team can be found termined length. Fortunately, Cox pandemic, expanding our repertoire at the opening of a new park in Communications and the Walton to include virtual opportunities Bentonville, a neighborhood event Family Foundation for engagement was in Springdale, a STEAM night in climbed on board and We decided an opportunity to be Rogers, a festival in Fayetteville, or built enough runway to make as explored. COVID-19 any number of off-site locations for us to success- made it a necessity. throughout Northwest Arkansas. fully take off.” The many of our Amazeum temporarily interactive, After the museum But this wasn’t like any other year. closed on March 13, hands-on reopened with limited and by March 20, experiences capacity, Amazeum Right as the museum began pre- Amazeum YOU left available online. YOU continues to paring spring and summer engage- the runway with a influence how the ments with the community in handful of videos Amazeum team parks, streets and neighborhoods, created by the Amazeum team. engages with a curious, creative COVID-19 became a reality and the community through virtual camps, Amazeum team quickly pivoted Amazeum YOU videos featured Unfield trips, educational programs, to meet a curious, creative com- Amazeum team members facilitat- educator professional development, munity where they were – online. ing hands-on learning experiences and maker community events. using common household materials. Amazeum YOU established an “COVID-19 set in motion an online presence that enhances interesting turn of events for us,” As schools closed and virtual our ability to connect with new says Paul Stolt, Amazeum mar- learning became the norm, edu- communities and audiences that keting manager. “We decided to cators and parents turned to can be a challenge to reach. make as many of our interactive, Amazeum YOU to augment and hands-on experiences available enhance learning from home.
Recommended publications
  • KDD 2019 Program
    // 25TH ACM SIGKDD CONFERENCE ON KNOWLEDGE DISCOVERY AND DATA MINING // KDD2019 TABLE OF CONTENTS 4 Agenda at a Glance 10 General Chairs’ Welcome Message 11 Program Chairs’ Welcome Message Program Highlights Lecture–Style Tutorial Program Workshop Program 12 Earth Day Program Deep Learning Day Program Health Day Program KDD Cup Day Program Project Showcase Program Keynotes Keynote Panel Women’s Lunch Social Impact Workshop Hands-On Tutorial Program Applied Data Science Invited Talks ADS and Research Track Oral Presentations Awards 36 KDD 2019 Organizing Committee 37 Sponsors & Supporters www.kdd.org/kdd2019/ Page - 2 // Page - 3 // // 25TH ACM SIGKDD CONFERENCE ON KNOWLEDGE DISCOVERY AND DATA MINING // KDD2019 1:00PM - 5:00PM T21. Interpretable Knowledge Discovery Reinforced by Visual Methods – Summit 11- AGENDA Ground Level, Egan 1:00PM - 5:00PM T22. Explainable AI in Industry – Summit 2- Ground Level, Egan AT A GLANCE 1:00PM - 5:00PM T23. Advances in Cost-sensitive Multiclass and Multilabel Classification – Summit 3- Ground Level, Egan 1:00PM - 5:00PM T24. Recent Progress in Zeroth Order Optimization and Its Applications to Adversarial KDD 2019: Sunday, August 4 (TUTORIAL DAY) Robustness in Data Mining and Machine Learning – Summit 4- Ground Level, Egan 7:00AM - 5:00PM KDD 2019 Registration – Tikahtnu Foyer- Level 3, Dena’ina 1:00PM - 5:00PM T25. Forecasting Big Time Series: Theory and Practice – Summit 5- Ground Level, Egan 8:00AM - 5:00PM T1: Learning From Networks: Algorithms, Theory, & Applications (FULL DAY) – Summit 1- Ground Level, Egan 1:00PM - 5:00PM T26. Deep Natural Language Processing for Search and Recommender Systems – Summit 6- Ground Level, Egan 8:00AM - 12:00PM T2: Data Integration and Machine Learning: A Natural Synergy – Kahtnu 2- Level 2, Dena’ina 1:00PM - 5:00PM T27.
    [Show full text]
  • How Ceos and Boards Drive Sustained Value Creation by Kevin Sneader, Sarah Keohane Williamson, Tim Koller, Victoria Potter, and Ariel Babcock
    Corporate long-term behaviors: How CEOs and boards drive sustained value creation by Kevin Sneader, Sarah Keohane Williamson, Tim Koller, Victoria Potter, and Ariel Babcock McKinsey & Company is a global management consulting firm committed to helping organizations create Change that Matters. In more than 130 cities and 65 countries, our teams help clients across the private, public, and social sectors shape bold strategies and transform the way they work, embed technology where it unlocks value, and build capabilities to sustain the change. Not just any change, but Change that Matters—for their organizations, their people, and in turn society at large. FCLTGlobal is a non-profit organization that develops research and tools that encourage long-term investing. Our Members are leading global asset owners, asset managers, and companies that demonstrate a clear priority on long-term investment strategies in their own work. FCLTGlobal conducts research through a collaborative process that brings together the entire global investment value chain, emphasizing the initiatives that market participants can take to make a sustainable financial future a reality for all. Foreword Time and again, research has shown that companies create the most value when executives and directors concentrate on achieving superior long-term results rather than meeting short-term targets. Yet executives can find it difficult to resist focusing on the here and now when they face pressure from investors and boards to deliver strong near-term results. Our analysis of companies’ performance also shows that behavior focused exclusively on the short term has grown more prevalent during the past several years. The COVID-19 pandemic has only placed further short-term demands on executives.
    [Show full text]
  • Walmart Inc. Takes on Amazon.Com
    For the exclusive use of Q. Mays, 2020. 9-718-481 REV: JANUARY 21, 2020 DAVID COLLIS ANDY WU REMBRAND KONING HUAIYI CICI SUN Walmart Inc. Takes on Amazon.com At the start of 2018, Walmart faced critical decisions about its future as e-commerce continued to explode. Walmart just lost its long-held crown as the most valuable retailer in the world to online leader Amazon. With Amazon’s recent acquisition of Whole Foods for $13 billion, Amazon moved aggressively into the offline world to challenge Walmart in its biggest business, grocery. Walmart was not standing still, making moves like buying Jet.com for $3 billion in 2016. While Walmart’s U.S. e- commerce revenues grew to $11.5 billion in 2017, there was no debate in Bentonville, AR: Walmart remained far behind. The question for Walmart CEO Doug McMillon and Walmart.com head Marc Lore was how to respond to its most aggressive competitor ever (Exhibits 1a and 1b).1 Amazon The Early Years (1994–2001) Jeff Bezos founded Amazon in 1994 to exploit the Internet, still a relatively nascent technology. He determined that selling books online was most promising, because the number of titles available was greater than even the largest brick-and-mortar store could stock. Bezos and his wife drove west to start “Earth’s Biggest Bookstore” in Seattle, WA. Amazon offered 1 million titles for sale on its opening day in July 1995. Next year, the company had over 2.5 million book titles for sale, with revenue doubling every quarter (Exhibit 2).
    [Show full text]
  • Software Engineer, Products If You Were Given the Opportunity to Paint
    Title: Software Engineer, Products If you were given the opportunity to paint the future of ecommerce on a canvas of over 1 billion consumers and had the strength of the Fortune 1Company behind you, what would it look like? Walmart Labs, Silicon Valley- newest development lab, we're working on this exact challenge. Only bound by our imaginations, we are a team of 60+ relevance/platform/application engineers, scientists and product visionaries all working together to design, prototype and build technology- driven products and experiences that will change the future landscape of ecommerce. We believe this to include social, mobile, community, integrated in-store products and experiences and much, much more. According to Anand Rajaraman; Stanford PhD & Technology Executive At WalmartLabs: Social media and the mobile phone will have as profound an effect on the trajectory of retail in the early years of the 21st century as did the development of highways in the early part of the 20th century. We are at an inflection point in the development of ecommerce. The first generation of ecommerce was about bringing the store to the web. The next generation will be about building integrated experiences that leverage the store, the web, and mobile, with social identity being the glue that binds the experience. It is every technologist dream that the products they build will impact billions and will continue on to the next generation. The social commerce opportunity is huge, and today is day zero. We have liftoff! Come join an organization where you'll get to work as part of a world-class team, spend 100% of your time innovating, and get to build products that are only bound by the scope of your imagination.
    [Show full text]
  • M&A in Disruption: 2018 in Review
    M&A in Disruption: 2018 in Review Using M&A to ride the tide of disruption. Acknowledgments This report was prepared by Les Baird, who leads Bain & Company’s Global Mergers & Acquisitions practice; David Harding, an advisory partner with Bain based in the Boston offi ce; Peter Horsley, a Bain partner in the London offi ce; and a team led by Shikha Dhar, a practice manager with Bain’s Mergers & Acquisitions practice. The authors thank Dale Stafford, Arnaud Leroi, Phil Leung and Suzanne Kumar for their contributions. They are also grateful to Karen Harris for her insights as managing director of Bain’s Macro Trends Group; Hugh MacArthur, Dan Haas, Mike McKay and Brenda Rainey for their perspectives on the M&A activity of fi nancial sponsors; Nicolas Bloch for his perspectives on M&A strategy; Martin Holzapfel and Richard Lichtenstein for their perspectives on due diligence; Allison Snider, Matthew Meacham, Jean-Charles van den Branden and Charlotte Apps for their perspectives on M&A in consumer products; Eric Garton, Sarah Elk, Marc Berman and Ludovica Mottura for their perspectives on operating model and culture; Adam Borchert and Joost Spits for their perspectives on M&A in retail; Jim Wininger for his reviews and perspectives on divestitures; Sachin Shah, Laurent Hermoye and Rajesh Narayan for their perspectives on business process and systems integration; Andrew Schwedel, Julien Faye and Tom De Waele for their perspectives on M&A in fi nancial services; Tina Strasse and a team led by Vinayak Jain at the Bain Capability Network for their analytic support; Mateusz Kaminski, Emily Lane and John Peverley for their research assistance; and David Diamond for his editorial support.
    [Show full text]
  • Big Data-Location
    How Big Data is Changing Industries How Big Data is Changing Industries, 2017 Table of Welcome …………………………….…………………………….…………………………….…………………………….…………………………….………… 1 Contents Insurance …………………………….…………………………….…………………………….…………………………….…………………………….……… 2 In Insurance, Location is Everything …………………………….…………………………….…………………………….…. 3 Real Estate …………………………….…………………………….…………………………….…………………………….…………………………………. 4 E-commerce …………………………….…………………………….…………………………….…………………………….…………………………….… 5 E-commerce: Location, Location, Location …………………………….…………………………….………………… 6 Retail …………………………….…………………………….…………………………….…………………………….…………………………….………………… 7 Case Studies: Big Data Transforming Retail …………………………….…………………………….…………… 8 How Location Analytics Will Transform Retail …………………………….………………………………………. 9 Direct Marketing …………………………….…………………………….…………………………….…………………………….…………………. 10 Legal, Policy, and Beyond …………………………….…………………………….…………………………….……………………………. 11 References …………………………….…………………………….…………………………….…………………………….…………………………….…… 12 Disclaimer …………………………….…………………………….…………………………….…………………………….…………………………….……… 13 locationinc.com How Big Data is Changing Industries, 2017 Big data is not just some marketing buzzword. It is an ongoing technological Welcome revolution, which will impact everyone, from brick and mortar shops to Silicon Valley startups. It is quickly becoming a race for businesses, and sometimes entire industries, to either keep up or shut down. What is this eBook About? In this eBook, we are looking at how big data will impact the future of the following industries:
    [Show full text]
  • Transforming Retail. Together
    Transforming Retail. Together. February 17 - 20, 2015 JW Marriott Desert Springs Resort & Spa, Palm Springs, CA www.etailwest.com 1911 Attendees Already Confirmed Last Updated 2/9/15 For an updated attendee list please email [email protected] Account Account [24]7 Lenscrafters.com/Luxottica 1-800 Contacts Inc. (4 attendees) Liberty Hardware 1WorldSync Inc Lids 2 Modern LIDS Sports Group (2 attendees) 2(X)IST Lifepics 24/7 Customer Inc Lifetouch Inc 2XU North America LLC. (2 attendees) Light Van 360pi (2 attendees) Lillian Vernon 4inkjets.com | ldproducts.com (3 attendees) Lindi Skin 4RSystems Linea Directa (3 attendees) Abt Electronics Inc. (2 attendees) Linea Pelle (2 attendees) AC Lens Linen Chest (3 attendees) AccessoryGeeks.com (2 attendees) Listrak (4 attendees) Acquia (5 attendees) Live Nation ActionX (5 attendees) Liveclicker (3 attendees) Acumen Brands (2 attendees) LiveRamp AdGooroo (3 attendees) Living Direct (2 attendees) Adlift/SweetMemory LivingSocial (3 attendees) Adlucent (3 attendees) Lowes (6 attendees) Adobe Lucy Activewear/ VFC Adroit Digital (8 attendees) Luxottica Retail (2 attendees) Adroll (5 attendees) Luxury Daily (2 attendees) Advance Auto Parts (3 attendees) Macewan University Adyen (6 attendees) Macy`s (9 attendees) Aeropost Intl Magento (4 attendees) Affirm (2 attendees) Magnet (2 attendees) Affliction Magnetic (5 attendees) AgilOne MailPix.com (2 attendees) Air N Water (3 attendees) Maps.com Akamai Technologies Inc MarketLive Alaska Airlines (2 attendees) MarketLive Inc Alex and Ani Master & Dynamic (2 attendees) AltRider MasterCard (5 attendees) Amazon (2 attendees) Matt Storms Inc. Ancestry.com Mattel Anne Taylor Loft Mattel, Inc. Answers (3 attendees) Maxymiser (5 attendees) Anthropologie MediaMath (5 attendees) Applause Mediashark Inc.
    [Show full text]
  • In Part Three of This Deep Dive, We Provide an Overview of the Warehouse-Club Sector
    June 12, 2017 In Part Three of this Deep Dive, we provide an overview of the warehouse-club sector. • The 40-year-old global warehouse club sector is • Yet the sector’s growth rate slowed over the same estimated to generate approximately $191 billion in period, actually hitting zero in 2015. And revenues in 2017. researchers are forecasting that the US segment will grow at a 2.4% CAGR, more than 1.5 points • The clubs’ business model seeks to limit gross lower than overall retail, from 2016 through 2020. profits so as to offer low prices to members while generating profits for shareholders through • The spoiler behind the sector’s decelerating growth reasonable membership fees. rate has likely been e-commerce, which the clubs have been slow to embrace. Warehouse clubs • The majority of the clubs are located in the US, currently generate 4% or less of their revenues which accounted for nearly three-quarters of sector from e-commerce. revenues in 2016. The market is dominated by three companies: BJ’s Wholesale Club, Costco • As is the case with many other retailers, warehouse Wholesale and Sam’s Club (a division of Walmart). clubs need to develop a strategy to compete with e- commerce players, as well as leverage their unique • The US warehouse club sector grew at a 7.2% CAGR strengths to adapt to other demographic and from 2001 through 2016. Its growth rate outpaced technological changes. that of the total US retail industry by 3.3 percentage points over the period. The international market grew at an even brisker 10.8% CAGR.
    [Show full text]
  • WAL-MART STORES, INC. (NYSE: WMT) Third Quarter Fiscal Year 2014 Earnings Call November 14, 2013 Management Call As Recorded
    1 WAL-MART STORES, INC. (NYSE: WMT) Third Quarter Fiscal Year 2014 Earnings Call November 14, 2013 Management Call as recorded Welcome to the Walmart earnings call for the third quarter of fiscal year 2014. The date of this call is November 14, 2013. This call is the property of Wal-Mart Stores, Inc. and is intended for the use of Walmart shareholders and the investment community. It should not be reproduced in any way. You may navigate through this call as follows: • Press 4 and the # key to rewind playback 20 seconds. • Press 5 and the # key to pause and resume playback. • Press 6 and the # key to fast-forward playback 20 seconds. This call will contain statements that Walmart believes are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and that are intended to enjoy the protection of the safe harbor for forward-looking statements provided by that Act. Please note that a cautionary statement regarding the forward-looking statements will be made following Charles Holley’s remarks in this call. Carol Schumacher Introduction Hi, this is Carol Schumacher, vice president of investor relations for Wal-Mart Stores, Inc. Thanks for joining us today for our third quarter earnings call of fiscal year 2014. Our press release and transcript of this call are available on our website; and again, that’s stock.walmart.com. 2 Here’s today’s agenda. • Mike Duke, president and CEO of Wal-Mart Stores, Inc., will kick us off with an overview on the quarter’s results and our company’s strategies for this important fourth quarter.
    [Show full text]
  • Future Electric Utility Regulation Advisory Group Meeting
    NARUC CENTER FOR PARTNERSHIPS AND INNOVATION RENEWABLE ENERGY OPTIONS FOR LARGE UTILITY CUSTOMERS – JANUARY 16, 2020 REPORT MANAGER/TECHNICAL EDITOR: LISA SCHWARTZ, LAWRENCE BERKELEY NATIONAL LABORATORY MODERATOR: JULIE BALDWIN, MICHIGAN PUBLIC SERVICE COMMISSION PANELISTS: JEFF LYNG AND DAN KING, XCEL ENERGY STEPHEN CHRISS, WALMART STORES, INC. LORI BIRD, WORLD RESOURCES INSTITUTE WHAT IS NARUC • The National Association of Regulatory Utility Commissioners (NARUC) is a non- profit organization founded in 1889. • Our Members are the state regulatory Commissioners in all 50 states & the territories. FERC & FCC Commissioners are also members. NARUC has Associate Members in over 20 other countries. • NARUC member agencies regulate electricity, natural gas, telecommunications, and water utilities. 2 WHAT IS NARUC’S CENTER FOR PARTNERSHIPS AND INNOVATION? NARUC CPI Topical Areas • Grant-funded team dedicated to Energy providing technical assistance to Electricity Infrastructure System members. & Technology Transition • CPI identified emerging challenges Modernization and connects state commissions with expertise and strategies. • CPI builds relationships, develops Critical resources, and delivers trainings. Infrastructure, Emerging Cybersecurity, Issues Resilience www.NARUC.org/CPI 3 WEBINAR LOGISTICS • We’re recording the webinar. It will be posted on NARUC’s CPI webpage: https://www.naruc.org/cpi/ • Because of the large number of participants, everyone is in listen mode only. • Please use the chat box to send us your questions and comments any time during the webinar. You may want to direct your question to a specific presenter. • The presenters will respond to questions typed in the chat box during moderated Q&A, following the presentations. 4 AGENDA • About the Future Electric Utility Regulation series • Three perspectives o Utility – Jeff Lyng and Dan King, Xcel Energy o Corporate – Steve Chriss, Walmart Inc.
    [Show full text]
  • Thompson Sampling for Dynamic Pricing
    Thompson Sampling for Dynamic Pricing Ravi Ganti,∗ Matyas Sustik, Quoc Tran, and Brian Seaman Walmart Labs, San Bruno, CA, USA February 12, 2018 Abstract In this paper we apply active learning algorithms for dynamic pricing in a prominent e-commerce website. Dynamic pricing involves changing the price of items on a regular basis, and uses the feedback from the pricing decisions to up- date prices of the items. Most popular approaches to dynamic pricing use a passive learning approach, where the algorithm uses historical data to learn various param- eters of the pricing problem, and uses the updated parameters to generate a new set of prices. We show that one can use active learning algorithms such as Thompson sampling to more efficiently learn the underlying parameters in a pricing problem. We apply our algorithms to a real e-commerce system and show that the algorithms indeed improve revenue compared to pricing algorithms that use passive learning. 1 Introduction The Internet has enabled many industries to go online. e-commerce which entails selling of goods both physical and digital, via the Internet, is one of the vibrant in- dustries in modern times. The presence of gigantic all-purpose e-commerce retail- ers such as Walmart.com, Amazon.com, Jet.com, Target.com, and the more special- ized and niche e-commerce retailers such as Moosejaw, Modcloth.com, Shoebuy.com, Wine.com, Bonobos.com has shifted commerce from offline medium to online medium. While the biggest brick-and-mortar stores are constrained by shelf space and tend to stock only the 100K most popular items, the largest of e-commerce retailers are less arXiv:1802.03050v1 [stat.ML] 8 Feb 2018 constrained by shelf space and tend to carry more than 400 million items.
    [Show full text]
  • INNOVATING for the NEW RETAIL JUNE 7 & 8, 2018 / LOS ANGELES Thank You to Our Sponsors! Platinum Sponsors
    INNOVATING FOR THE NEW RETAIL JUNE 7 & 8, 2018 / LOS ANGELES Thank you to our Sponsors! Platinum Sponsors Gold Sponsors Silver Sponsor Session Sponsors Design Sponsor WELCOME It is my pleasure to welcome you to WPP’s Global Retail Forum, hosted by The Store. We’ve curated a range of topics that represent leading international trends in retail marketing, new technologies and transformation. Within today’s environment of digital acceleration and disruption, retail is rapidly changing and converging with media, content and entertainment. With heightened consumer expectations, retailing is everywhere and now spans the spectrum from product design through CRM. We’ll share how consumers discover, shop and buy in this new era. The New Retail is all the components that come into play from customer input to technology platforms to post sale contact and recommendation engines. It is all the customer-centric touchpoints. Drop a ball and you risk the lifetime value of a customer. The sessions today and tomorrow will also highlight how data, content and technology are impacting how consumers experience brands and the mandate for relevance. New sources of data offer purchase-based targeting and predictive analytics. The importance of creativity is key as we look at contextual, targeted content. We’ll discuss The New Retail and how consumers today imagine a world with more automation, less physical stores and new modes of shopping with emphasis on fulfillment. As IoT and AI transform the landscape, the social context for retail may be more pronounced. We will also look at retail in the context of connected cities and a tech-forward society.
    [Show full text]