
We are starting a new series on the practical applications of data science in retail called, "Digital Commerce Data Mining". The first article in the series is 'Data Acquisition in Retail - Adaptive Data Collection'. Data acquisition at a large scale and at affordable costs is not possible manually. It is a rigorous process and it comes with its own challenges. To address these challenges, Intelligence Node’s analytics and data science team has developed strategies through advanced analytics and continuous R&D, which we will be discussing at length in this article.
An expert outlook on practical data science use cases in retail
Intelligence Node has to crawl millions of web pages daily to provide its customers with real-time, high-velocity, and accurate data. But data acquisition at such a large scale and at affordable costs is not possible manually. It is a rigorous process and it comes with its own challenges. To address these challenges, Intelligence Node’s analytics and data science team has developed strategies through advanced analytics and continuous R&D.
In this part of the ‘Alpha Capture in Digital Commerce series’, we will explore the data acquisition challenges in retail and discuss data science applications to solve these challenges.
Adaptive crawling consists of 2 components:
Intelligence Node’s team of data scientists has worked on developing intelligent, automated strategies to overcome crawling challenges such as high costs, labor intensiveness, and low success rates.
Some of the strategies are
Another way of information extraction from web pages or PDFs/screenshots is through Visual Scraping. Often when crawling is not an option, the analytics and data science team uses a custom-built visual, AI-based crawling solution.
Details
The team uses the below tech stack to build the anti-blocker technology widely used by Intelligence Node:
Linux (Ubuntu), a default choice for servers, acts as our base OS, helping us deploy our applications. We use Python to develop our ML model as it supports most of the libraries and is easy to use. Pytorch, an open source machine learning framework based on the torch library, is a preferred choice for research prototyping to model building and training. Although similar to TensorFlow, Pytorch is faster and is useful when developing models from scratch. We use FastAPI for API endpoints and for maintenance and service. FastAPI is a web framework that allows the model to be accessible from everywhere.
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We moved from Flask to FastAPI for its additional benefits. These benefits include simple syntax, extremely fast framework, asynchronous requests, better query handling, and world-class documentation. Lastly, Docker, a containerization platform, allows us to bundle all of the above into a container that can be deployed easily across different platforms and environments. Kubernetes allows us to automatically orchestrate, scale, and manage these containerized applications to handle the load on autopilot – if the load is heavy it scales up to handle the extra load and vice versa.
In the digital age of retail, giants like Amazon are leveraging advanced data analytics and pricing engines to review the prices of millions of products every few minutes. And to compete with this level of sophistication and offer competitive pricing, assortment, and personalized experiences to today’s comparison shoppers, AI-driven data analytics is a must. Data acquisition through competitor website crawling has no alternative. As the retail industry becomes more real-time and fierce, the velocity, variety, and volume of data will need to keep upgrading at the same rate. Through these data acquisition innovations developed by the team, Intelligence Node aims to constantly provide the most accurate and comprehensive data to its clients while also sharing its analytical abilities with data analytics enthusiasts everywhere.
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