Machine Learning and AI in Retail
Retailers deliver better demand forecasting, marketing efficiency, transparency in the supply chain, and profitability through advanced AI applications and a myriad of AI use cases throughout the value chain: from store-level demand and out-of-stock (OOS) predictions to marketing channel modeling and customer LTV predictions. With the abundance of consumer data, changing consumption patterns, global supply chain shakeups, and increased pressure to drive better forecasting, retail businesses can no longer ignore the potential of AI in their industry.