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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

Fast checkout, personalized recommendations, or instant access to customer care at any time are a few services that can be implemented with the help of artificial intelligence. A visitor, with an opened Amazon Go app, scans a QR code on a turnstile to enter a store (like at an airport to get on board) and picks up what they need.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

We talked with experts from Perfect Price, Prisync, and a data science specialist from The Tesseract Academy to understand how various businesses can use machine learning for dynamic pricing to achieve their revenue goals. Pricing tools evaluate a large number of internal (stock or inventory, KPIs, etc.) Pricing automation.

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Demand Forecasting Methods: Using Machine Learning and Predictive Analytics to See the Future of Sales

Altexsoft

Let’s compare the existing options: traditional statistical forecasting, machine learning algorithms, predictive analytics that combine both approaches, and demand sensing as a supporting tool. What is the top pain point for business executives? The world’s largest IT research firm Gartner gives a clear answer: demand volatility.

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Demand Forecasting Methods: Using Machine Learning and Predictive Analytics to See the Future of Sales

Altexsoft

Let’s compare the existing options: traditional statistical forecasting, machine learning algorithms, predictive analytics that combine both approaches, and demand sensing as a supporting tool. What is the top pain point for business executives? The world’s largest IT research firm Gartner gives a clear answer: demand volatility.