AI FOR RETAIL
COVID-19 transform different industries and probably retailers experienced the most.
Static demand planning and pricing strategies no longer work in such a dynamic environment.
Companies understand that AI technology has to bring into their business as to keep themselves in the market.
Top Machine Learning Models retailers prefer
Enable deep learning model with quantile forecast feature to achieve accurate demand forecast
Include every pricing factors in an elasticity based model to allow dynamic pricing
Recommend relevant items to customers by studying the patterns from customer purchasing behaviours and their profiles.