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

Altexsoft

percent of all retail sales (2.3 eCommerce share of total retail sales worldwide from 2015 to 2021. To remain competitive, retailers must allow in-store customers to enjoy the benefits of online shopping. In 2017, global eCommerce sales accounted for 10.2 trillion US dollars). This figure is projected to reach 17.5

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Freshflow is helping grocery retailers fight food waste

TechCrunch

For years grocery retailers have been using data driven forecasting to help them predict demand to figure out which products to reorder to keep shelves stocked. ” “And because that is the opinion … until now, for the most part, retailers have just relied upon people to do this part.” That’s nothing new.

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Process Mining Explained: Techniques, Applications, and Challenges

Altexsoft

It seems pretty straightforward: well, you just heat up milk or boil water, dump those flakes in the bowl, and add fruits, berries, honey, or other yummies you like. And now, try to think about each step: is there any way you can make it faster? Say, how many extra moves are you making because the ingredients are located in different areas?

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Tour Operator Software: Itinerary Creator, Booking Engine, and Other Handy Technologies

Altexsoft

For the record, the business developed into a global company operating its airline and dealing with multi-million revenue streams, went through a compulsory liquidation in 2019, and was relaunched as an online-only travel agency in 2020. Before diving in, watch how tours and attractions market works. Components of tour packages.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? The reality is that you’ll need a more sophisticated pricing strategy to fit into today’s highly competitive market and be flexible enough to adjust to any changes.

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Supply Chain Control Tower: Enhancing Visibility and Resilience

Altexsoft

“Control towers are the artificial intelligence (AI) of supply chain. Everyone wants to have it, but nobody quite knows how it works.” Christian Titze, vice president analyst at Gartner. Source: Supply Chain Dive Over the last few years, global supply chains have been so severely disrupted – but also enhanced with cutting-edge technologies.

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The Good and the Bad of Apache Kafka Streaming Platform

Altexsoft

After trying all options existing on the market — from messaging systems to ETL tools — in-house data engineers decided to design a totally new solution for metrics monitoring and user activity tracking which would handle billions of messages a day. We describe information search on the Internet with just one word — ‘google’.