AI has significantly enhanced the technology world: in homes, businesses and wherever technology is needed in human life. Technology decision makers are today looking for ways to implement artificial intelligence effectively and thus to drive value. Technologies requiring large amounts of data, including machine-learning, language processing, and platforms for speech-identification, provide the power of virtual assistants. The AI programming uses sophisticated algorithms to learn from the data input and improve predicting of end users’ needs, as the end user interacts with a virtual assistant. Here, organizations that provide AI-based personal assistance now focus more on their solution to offer the best customer experience.
Mystore-E recently announced the launch of their AI-based Personal Assistant platform Tore-E, which enables retail store managers to use data analytics and insights in real time. Tore-E helps shops to function more like websites by using big data to deliver a more personalized shopping experience with dynamic visual indicators. In combination with computer vision and data analytics, the AI-based platform provides practical insights and forecasts on retail product performance, allowing brands to maximize every product's value and update in real time, improving in-store displays.
Tore-E is already used by popular retailers such as James Allen and Value City Furniture to create an in-store experience that collects, analyzes, and provides insights driven by data in order to improve storage performance. The newly funded seed funding of $2.2 million, led by Signet Jewellers, the world's most important Diamond Jewelry dealer and owner of JamesAllen.com is an AI retail intelligence solution operating in Israel's top retailer companies.
The Tore-E app is an invaluable communication tool which continually monitors and aggregates data from multiple digital channels, to give brick-and-mortar stores the same analysis advantages as their e-commerce sites to provide real-time merchandising recommendations from the headquarters to the stores. Data analytics for platforms can identify items most likely to be sold in stores based on current top sellers' websites, social media customer engagement, in-store planograms, and local and regional factors.
The platform is used to personalize, improve customers’ shopping experience. Store partners use the Tore-E application to translate customer insight into products that are most likely to appeal to buyers in real time. Tore- E would also attract customers with its high-end performance as other AI personal assistant platforms such as Siri, Alexa, and Google Assistant.