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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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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. In today’s digital world, it’s practically impossible without the right software.

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Process Mining Explained: Techniques, Applications, and Challenges

Altexsoft

Process mining is a set of techniques for the analysis of operational processes based on event logs extracted from company’s databases, information systems, or business management software such as enterprise resource planning (ERP), customer relationship management (CRM), electronic health records (EHR), etc. What is process mining?

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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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Supply Chain Control Tower: Enhancing Visibility and Resilience

Altexsoft

Leading executives focus on building resilient and intelligent supply chains that can withstand the turmoil due to data-based proactive decisions. “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.

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The Good and the Bad of Apache Kafka Streaming Platform

Altexsoft

No matter who reads what, the technology found its way to virtually every industry — from healthcare to travel to retail. No matter who reads what, the technology found its way to virtually every industry — from healthcare to travel to retail. We describe information search on the Internet with just one word — ‘google’.

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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 the other, we should develop artificial intelligence until it’s become advanced enough to adequately ease the load of work and survival for the rest of the human race. What Is Weak AI? What Is Weak AI?