News | Articles | Press Releases
Algorithms determine the future: Why they work more objectively and are more scalable than humans, but will never entirely replace humans.
Total retail sales loss in Europe exceeds €3 billion due to closures of major sales channels. A chance to turn the corner: AI and advanced technologies. Check out these 5 retail technologies that will help you fight back.
In today’s fast-paced dynamic market, innovations abound. AI in retail is here and now and is expected to reach a global market size of $426.3 million by 2026. So, what does the future of retail hold?
The “for-rent signs” are lined up one after the other – more and more commercial spaces are vacant. Of course, there are still open shops, but they also have signs: the merchandise displays are plastered with sales and discount signs seemingly all year round.
The automotive industry, retail, aviation and medicine. These industries (and many others) currently have one thing in common. They’re all preoccupied with artificial intelligence (AI).
The reactions are different when we encounter AI in our everyday lives – because we cannot simply reload the game or switch off the computer. AI knows what users want to buy before they have realized it themselves, and thus delivers tailored advertisements via Facebook & Co. Furthermore, product prices are adjusted in real time and our job landscape has changed. A frequent consequence: fear and insecurity.
With the data-sharing and AI platform of the software company aifora, retailers can intelligently control their price and inventory management and thus significantly increase sales, turnover and earnings and reduce inventories.
Real-time pricing using artificial intelligence (AI) has long been the order of the day in e-commerce – after all today’s customer is a bargain hunter
IF ONLY I’D KNOWN. Uncertainty and the subjunctive are the biggest enemies of Merchandise Planning: if spring hadn’t been so rainy, the summer collection would