Category: Machine Learning

AI in retail

A new generation of retail: innovative uses of AI in retail

AI in Retail There are many diverse applications within retail, some of which have been quietly utilized under the radar for years. Others are more modern and are helping to change and improve the way retailers operate.  Whether you’re looking at marketing, customer service or even operations, there are many uses for AI in retail.

Read More »
demand forecasting

Demand forecasting: a new use for machine learning in retail

Demand forecasting, a part of predictive analytics, aims to improve business management while also meeting critical KPIs by using this data to understand and predict customer demand. By relying on historical sales data, the latest statistical techniques, and algorithms, it is possible to use demand forecasting to estimate future sales.

Read More »
long tail pricing

Optimized long tail pricing with machine learning technology

Pricing Strategy                    Optimized long tail pricing with machine-learning technology Every retail store assortment is made up of a vast selection of products. Some are considered “hit” products and others are naturally less popular. Many retailers neglect the importance of niche items – also called long tail products

Read More »