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Deep Learning vs. Machine Learning When Determining Retail Fuel Prices

Deep Learning vs. Machine Learning When Determining Retail Fuel Prices

By Anila Siraj, EVP of Research and Applied Data Sciences

Artificial Intelligence (AI) - it's the technological focus of today and the science fiction focus of the past several decades, and has become key to the way many businesses now operate. With the rise of machine learning and a greater understanding of how it relates to AI, deep learning, too, has become more and more prevalent. In this post, we'll explore the differences between deep learning and machine learning — and the applications of each to retail fuel pricing.

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A Closer Look at Art vs. Science in Retail Fuel Pricing and Location Planning

A Closer Look at Art vs. Science in Retail Fuel Pricing and Location Planning

By Anila Siraj, EVP of Research and Applied Data Sciences

For too long, art and science have been pitted against one another. Though Aristotle's distinction between knowledge and craft might be one of the first known challenging characterizations of these concepts, we can see that the idea has propagated. (Note: Aristotle's "science" was about certainty or knowledge; whereas, science today is about experimentation, but eliciting relative certainty is still the aim.)

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AI Series Part 3: How Much Should You Rely on Artificial Intelligence in Fuel Pricing?

AI Series Part 3: How Much Should You Rely on Artificial Intelligence in Fuel Pricing?

By Anila Siraj, EVP of Research and Applied Data Sciences

This post is part three of a three-part series. Read parts one and two here.

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AI Series Part 2: How Artificial Intelligence and Machine Learning Fit Into Your Fuel Pricing Strategy

AI Series Part 2: How Artificial Intelligence and Machine Learning Fit Into Your Fuel Pricing Strategy

By Anila Siraj, EVP of Research and Applied Data Sciences

This post is part two of a three-part series. Read part one here.

As machine learning becomes more accessible for fuel retail teams, pricing strategies and processes will inevitably evolve. But caution is still necessary; you should not blindly entrust your entire strategy to a computer simply because you have access to better data and the means to automate pricing decisions via this intelligence. 

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AI Series Part 1: How Artificial Intelligence and Machine Learning have Advanced with Data Proliferation

AI Series Part 1: How Artificial Intelligence and Machine Learning have Advanced with Data Proliferation

By Anila Siraj, EVP of Research and Applied Data Sciences

In our three-part series on Artificial Intelligence and Machine Learning, we'll help you understand the differences between these concepts, how new data and technological advancements can positively impact your bottom line, and the pitfalls to avoid. In part one, we'll explore the proliferation of data and its relationship to these concepts.

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