The retail industry has always been at the forefront of innovation. It started with the massive pivot of the customers from the brick and mortar to online shopping. Covid has further exacerbated this shift as is evident in the change in consumer preferences and buying...
AI is one of the most exciting emerging technologies around today. Leading the way in its emergence are big digital companies like Netflix, Google, Apple, Amazon, and Microsoft, which use machine learning technologies to give their customers better experiences. Google...
Data collected in the retail and e-commerce industry is growing at an unprecedented rate. When blended with data analytics and machine learning, it is able to generate actionable insights for organizations to increase sales and save costs. What is behavioral data and...
Retail and eCommerce companies are embracing AI and machine learning (ML) technologies in order to gain valuable insights, automate marketing, forecast demand and much more. Implementing a successful AI system includes model building but it goes far beyond that. It...
The days of walking miles up and down shopping streets to find an appropriate dress are long gone. Online services like Stitch Fix leverage data and algorithms to help customers find the clothes they love. Combining AI with the experience of expert stylists they can...
Businesses frequently face the challenge of anticipating the future as accurately as possible when making operational, tactical, and strategic decisions. They want to know if their sales and expenses will increase or decrease in the future, if their stocks will last...
COVID-19 has turned the retail and e-commerce ecosystem upside down. While some businesses have seen a drastic decrease in sales, others have experienced a boom and marched to the forefront of the very competitive industry. AI and machine learning technologies can...
Innovations in Data Science have increased not only the amount of consumer data available to brands, but also the methods in which this data can be measured. Data Scientists in the retail industry are no longer limited to counting coupons and moreover, can focus...