The hype surrounding AI is real. You know it, I know it, we all know it. So what exactly is the problem when it comes to adoption? Do certain misconceptions of what AI can and can’t do factor into all of this?
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The hype surrounding AI is real. You know it, I know it, we all know it. So what exactly is the problem when it comes to adoption? Do certain misconceptions of what AI can and can’t do factor into all of this?
Read More
Topics: retail technology, artificial intelligence, inventory optimization, machine learning
Imagine a world where you could see into the mind of your customer.
What if as soon as you became aware of what your customer wanted to buy, you could flip a switch and the product would be manufactured instantaneously? Then, at the flip of another switch, you could get it into your customer’s hands instantaneously?
Read MoreTopics: retail technology, artificial intelligence, inventory optimization, machine learning, NRF2018, innvoation
There’s no easy way to trulyknow how the future will pan out. We anticipate certain outcomes from what we know—like the fact the Patriots won over five Super Bowl championships or that your women's cold-shoulder sweaters sold 500 units last season.
With this historical data at hand, it would seem logical to place our bets on past performance.
And, as you know, merchants are constantly making bets.
Yet, while placing our bets for another New England Super Bowl win isn’t entirely a gamble (what can I say, we’re Boston-based ¯\_(ツ)_/¯), anticipating consumer demand for the fall or spring season six to eight months in advance is.
Read MoreTopics: retail technology, e-commerce, fulfillment, artificial intelligence, online shopping, consumer trends, data
It’s almost time.
Read MoreTopics: retail technology, fulfillment, artificial intelligence, brick-and-mortar retail, consumer insights, NRF2018
I think we can all agree it’s been a crazy year for retail, filled with disruption, e-commerce pressures and record store closings. Not to mention strange partnerships, major acquisitions, and numerous bankruptcies.
As the year comes to an end, the ups AND downs in the retail industry over the past 365 days are clearly up for review. Let’s take a deeper look at what happened in 2017, along with the implications for 2018 and beyond.
Read MoreTopics: fulfillment, artificial intelligence, ecommerce, brick-and-mortar retail, consumer insights
