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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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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? It’s commonly applied in various industries, for instance, travel and hospitality, transportation, eCommerce, electricity retailing, entertainment. Pricing automation.

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Process Mining Explained: Techniques, Applications, and Challenges

Altexsoft

an also be described as a part of business process management (BPM) that applies data science (with its data mining and machine learning techniques) to dig into the records of the company’s software, get the understanding of its processes performance, and support optimization activities. What is process mining? Process mining ?an

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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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Business Applications of Artificial Intelligence

iTexico

The ultimate goal of continuing to develop artificial intelligence can fall under a couple of different finish lines. On one hand you have the touted science fiction ideal, wherein humanity will successfully create fully independent, free-thinking machines containing their own individual humanity and free will. What Is Weak AI?

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Supply Chain Analytics: Opportunities in Data Analysis and Business Intelligence

Altexsoft

These challenges can be addressed by intelligent management supported by data analytics and business intelligence (BI) that allow for getting insights from available data and making data-informed decisions to support company development. Managing a supply chain involves organizing and controlling numerous processes.