Retail and AI: How Artificial Intelligence Is Changing the Industry

White paper/ebook
Retail and AI: How Artificial Intelligence Is Changing the Industry

As long as human beings have exchanged goods and services, making predictions has been an essential part of the marketplace, and data has always been an essential part of the equation. Today, most retailers are drowning in data, but they aren’t necessarily using it to the best of their advantage.

Enter artificial intelligence (AI) to bridge the gap between the volume of data available and the correct interpretation of that data for strategic business decisions. With problems on the retail landscape ranging from store site selection to staffing, retailers who have responded to the AI revolution have seen an increase in profits and a decrease in the guesswork that can make running a business an exercise in trial and error.

This ebook takes a deeper look at the challenges facing the marketplace and how AI can help retailers put strategic solutions into place that will help them grow and refine their businesses in a fast moving world.

Retail and AI: How Artificial Intelligence Is Changing the Industry

You’ll discover:

  • What the Fourth Industrial Revolution means and why you need to embrace it
  • How retailers are using AI right now
  • How enterprise-wide AI can help today’s retailers
  • How automated machine learning quickly solves many of the challenges faced by retailers today -- and makes other challenges more manageable
  • DataRobot's platform makes my work exciting, my job fun, and the results more accurate and timely -- it's almost like magic!
    Omair Tariq

    Data Analyst, Symphony Post Acute Network

  • I think we need to take it upon ourselves in the industry to build the predictive models that understand what the needs and wants of our customers are, and go through the whole curation process, become their concierge.
    Oliver Rees

    General Manager – Torque Data at Virgin Australia

  • At LendingTree, we recognize that data is at the core of our business strategy to deliver an exceptional, personalized customer experience. DataRobot transforms the economics of extracting value from this resource.
    Akshay Tandon
    Akshay Tandon

    VP of Strategy Analytics, LendingTree

  • DataRobot allows us to understand the data that’s being fed into our models without blindly feeding whatever we get into our system. DataRobot makes my team very effective.
    Deena Narayanaswamy
    Deena Narayanaswamy

    Head of Data Insights, Avant

  • We know part of the science and the heavy lifting are intrinsic to the DataRobot technology. Prior to working with DataRobot, the modeling process was more hands-on. Now, the platform has optimized and automated many of the steps, while still leaving us in full control. Without DataRobot, we would need to add two full-time staffers to replace what DataRobot delivers.
    Evariant