May 24th, 2023, 10:00 am PT / Category: Interviews
How can we unleash AI's potential to transform the circular economy for a greener tomorrow?
Summary of the video
Madhav Khurana, the head of data science and analytics at Rebuy, discusses the role of AI in sustainability. Rebuy is a used products marketplace that aims to combat overconsumption and waste by revolutionizing the perception of pre-owned goods. They use AI to dynamically price products, forecast demand and supply, and optimize operations costs. By leveraging AI, Rebuy ensures a seamless customer experience and promotes the circular economy. Madhav also emphasizes the importance of being data-driven and proactive in decision-making. The interview highlights the shift in consumer mentality towards sustainability and the increased demand for used products. Additionally, Madhav explains the significance of failure in the development of AI projects and advises starting with minimum viable products to test feasibility. The hosts also mention a recap show that will discuss Madhav’s interview and other topics.
Bio
Madhav Khurana is the Head of Data Science & Analytics at rebuy, a pioneering company in the circular economy. With over 10 years of experience in data science and analytics, he is currently leading the transformation of rebuy into a data-driven organization. Madhav has been instrumental in developing AI-driven tools that strike a balance between profitability and sustainability, positioning rebuy at the forefront of the re-commerce industry.
Previously, Madhav led the data science efforts for optimization in the ride-hailing business at Careem (Uber). Prior to that, he utilized AI to enhance player engagement in Candy Crush games. At IMImobile (Cisco), he worked closely with telecom service providers to implement data-driven strategies for business improvement. With his expertise and passion for leveraging data and AI, Madhav is driving the growth and success of rebuy in the realm of circular economy.
