TAMPA, Fla. (October 21, 2020) –Applied Data Corporation (ADC), the leading provider of Fresh Item Management technology for grocery and convenience stores, announced today that it will be collaborating with the University of Chicago (UChicago) on seven innovative data science projects over the course of the next year.
UChicago is a private research university in Illinois founded in 1890 with its main campus located in Chicago's Hyde Park neighborhood and additional campuses in Hong Kong & London. It is widely regarded as one of the best universities globally across multiple disciplines.
The University’s Master of Science in Analytics program has been growing rapidly over the past five years due to the surge in demand for data science talent, and now the top minds of UChicago will be working with the Fresh experts at ADC. Moreover, many of the professors in the program not only teach but are also leading industry practitioners across multiple disciplines from High Frequency Trading to Consumer Product Goods, Retail and Robotics.
The projects that UChicago will engage in span topics from Reinforcement Learning to Deep Learning to promotional analysis (to name a few). These projects are aimed at developing additional bespoke, state-of-the-art approaches for inventory management, production planning and replenishment while providing students with the opportunity to see data science & Machine Learning (ML) in action. These projects will complement the existing Artificial Intelligence (AI)-focused work that ADC already conducts for many of the biggest names in global retail.
ADC has strong ties to the University. Shamus Hines, ADC’s CEO, is a UChicago Booth School of Business alumnus, and their Chief Data Scientist, Michael Colella, is an alumnus of UChicago’s Master of Science in Analytics program.
The news of this collaboration comes just after the announcement of the University’s involvement in breakthrough research related to quantum technology, adding to an already exciting year for the University.
"We are excited to take on the challenge of reducing food waste with this collaboration with UChicago,” said Shamus Hines, CEO of ADC. “Our aim will be to help the food retail community gain access to new tools and processes to enhance their forecasting and improve the adoptability of technology in the store.”
About Applied Data Corporation
To us, it is all about fresh. We are fresh food technology innovators. Our platform, FreshIQ®, allows you to effectively plan, prepare, analyze, and deliver the fresh food items your shoppers want. This all-in-one platform is easy to use and leverages our thirty years of industry expertise to bring you the most robust, cloud solution on the market. ADC is deployed in more than 120 grocery and conveniences store chains and 20,000 locations.
About University of Chicago’s Master of Science in Analytics Program
Building from a core in applied statistics, the Master of Science in Analytics (MScA) provides students with advanced analytical training to develop the ability to draw insights from big data and build automated artificial intelligence systems. The MScA program is highly applied in nature, integrating business strategy, project-based learning, simulations, case studies, and specific electives addressing the analytical needs of various industry sectors. Relationships with corporate partners provide students with access to real data sets and the opportunity to address current business issues. Beyond the classroom, these corporate partnerships also provide valuable networking opportunities and career connections. The curriculum offers a thorough exploration of state-of-the-art data-gathering tools, methods, and analytics.