“Seventy-seven percent of the retailers surveyed have deployed or have plans to deploy AI for retail strategy. Of those, 92% are targeting AI-based primary merchandising processes for implementation by 2021.” – Robert Hetu, Gartner
Gartner’s latest report delves into important key priorities for retail CIOs to consider when transitioning to AI technology.
According to a recent Gartner report, What Retail CIOs Need to Know About AI for Merchandising, retailers are shifting their operational focus towards automation and customer centricity with the adoption of AI. However, as retailers undergo this conversion, major transformations will take way on their merchandising processes, making it vital for CIOs to understand the implications of AI on product development and selection, planning, buying, demand forecasting, and allocation and replenishment.Read More