Closing the Gap: 5 Factors for Successful AI Adoption

Easy is better, easiest is best they say. Who’s they? Consumers.

Consumers demand convenience.

This is what it really boils down to –all the change shaking up the retail industry. Consumers want it now, easy and free.

[T]he battle for convenience is the battle for industry dominance. […] Convenience is one-click, one-stop shopping, the seamless experience of “plug and play.” The ideal is personal preference with no effort.” The New York Times

While the retail industry is disrupted by consumer preference for convenience (without a doubt), it’s also disrupted by the evolving technologies in place to deliver on these new expectations. We already know what the consumer wants, but how do we actually go about delivering on these needs? How difficult is it for businesses to adapt?

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Topics: retail technology, artificial intelligence, inventory optimization, machine learning

3 Common Misunderstandings About AI & Machine Learning in Retail

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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Topics: retail technology, artificial intelligence, inventory optimization, machine learning

How Predictive Analytics and Machine Learning Can Help Optimize Your Inventory

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? 

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Topics: retail technology, artificial intelligence, inventory optimization, machine learning, NRF2018, innvoation

The Modern Shopper, Tech and the Last Mile: What We Learned at #ShopOrg17

Last week at Shop.org was fantastic, with so many useful insights about the exciting road that lies ahead for digital retail. We examined a few dominant themes retailers can take away from the conference below, including thoughts about the modern shopper, fulfillment, and the future of retail tech. 

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Topics: retail technology, amazon, fulfillment, virtual reality, artificial intelligence, consumer insights, machine learning

The AI Advantage: Jump on the Train or Get Left Behind

It wasn’t too long ago when the news of a computer beating a human at a traditional board game spread across the artificial intelligence community like wildfire. By mimicking the human brain, a computer successfully won against a professional at Go, an ancient eastern board game some AI researchers considered incredibly "computationally demanding." The thought of a computer beating a human expert at this game didn't even exist a little over a decade ago!

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Topics: retail analytics, personalization, artificial intelligence, machine learning

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