Artificial intelligence (AI) in retail is one of the more prevalent examples of how this technology can truly transform an entire industry.
Retailers are using AI and technology like machine learning (ML) to power decisions about inventory and the customer sales journey and behind-the-scenes tasks that impact profit margins and efficiency. From better virtual retailer recommendations to theft prevention in physical stores, retail is an industry that has fully embraced the promises of AI.
Retail as a field is notoriously competitive, and AI can give companies an edge when it comes to responding to customer desires and reducing inefficiency. Often, AI in retail focuses on data retailers already own but haven’t fully explored. Making sense of massive stores of data is a virtually impossible task human workers, but AI can autonomously apply data insights for better predictions and recommendations.
Here, we examine some ways AI is being applied throughout the retail sector:
Continue reading: https://www.datamation.com/artificial-intelligence/artificial-intelligence-in-retail/
Retailers are using AI and technology like machine learning (ML) to power decisions about inventory and the customer sales journey and behind-the-scenes tasks that impact profit margins and efficiency. From better virtual retailer recommendations to theft prevention in physical stores, retail is an industry that has fully embraced the promises of AI.
Retail as a field is notoriously competitive, and AI can give companies an edge when it comes to responding to customer desires and reducing inefficiency. Often, AI in retail focuses on data retailers already own but haven’t fully explored. Making sense of massive stores of data is a virtually impossible task human workers, but AI can autonomously apply data insights for better predictions and recommendations.
Here, we examine some ways AI is being applied throughout the retail sector:
Continue reading: https://www.datamation.com/artificial-intelligence/artificial-intelligence-in-retail/
