Large retail chains are seeking to enhance customer satisfaction by using artificial intelligence (AI) tools such as machine learning and computer vision to study consumer behavior online and in physical stores, in an effort to offer them the best products and experiences.
Bengaluru and San Francisco based AI solutions provider Algonomy has deployed an AI-based decision engine called Xen AI for Pantaloons, a multi-brand retail chain owned by Aditya Birla Fashion and Retail Ltd. Xen AI selects the most optimal experience for every interaction in real-time, based on the customer’s profile and stage in the buying journey. For instance, if a lady customer browses for a peach dress online and later visits the store to try it, a store associate uses an app to assist her better based on her preferences, behavioral data, searches and past purchases, said Bhavna Sachar, director, product marketing at Algonomy. The idea is to use AI-based personalization to offer tailored omnichannel experiences to customers, she said.
“There is a strong desire and action towards breaking down the artificial separation between stores and digital, that leads to broken journeys and fragmented experiences for the customer, and efficient operations for the retailer," Sachar said.
Continue reading: https://www.livemint.com/technology/tech-news/retail-stores-tap-into-ai-to-integrate-online-offline-buyer-experiences-11643050518573.html
Bengaluru and San Francisco based AI solutions provider Algonomy has deployed an AI-based decision engine called Xen AI for Pantaloons, a multi-brand retail chain owned by Aditya Birla Fashion and Retail Ltd. Xen AI selects the most optimal experience for every interaction in real-time, based on the customer’s profile and stage in the buying journey. For instance, if a lady customer browses for a peach dress online and later visits the store to try it, a store associate uses an app to assist her better based on her preferences, behavioral data, searches and past purchases, said Bhavna Sachar, director, product marketing at Algonomy. The idea is to use AI-based personalization to offer tailored omnichannel experiences to customers, she said.
“There is a strong desire and action towards breaking down the artificial separation between stores and digital, that leads to broken journeys and fragmented experiences for the customer, and efficient operations for the retailer," Sachar said.
Continue reading: https://www.livemint.com/technology/tech-news/retail-stores-tap-into-ai-to-integrate-online-offline-buyer-experiences-11643050518573.html
