CIOApplications
static-image
  • Home
  • Applications
      • Auction Software
      • Bioinformatics
      • Business Continuity
      • Business Intelligence
      • Chatbot
      • Collaboration
      • Custom Software Development
      • CRM
      • Enterprise Reporting Software
      • Enterprise Search
      • GRC
      • Human Resource
      • Indoor Positioning
      • InsurTech
      • Intellectual Property
      • IT Operations Management
      • IT Service Management
      • Low Code Platform
      • Maintenance Management
      • Managed IT Services
      • MarTech
      • Master Data Management
      • Mobile Application
      • Order Management
      • Parking Management
      • Procurement Tech
      • Publishing Software
      • Remote Monitoring
      • RFID
      • Sales Tech
      • SAS
      • Software Testing
      • Task Management
      • Unified Communications
      • Workflow
      • Workplace Management
  • Verticals
      • BioTechnology
      • Construction
      • Contact Center
      • Education
      • Fintech
      • Food and Beverages
      • Government
      • Healthcare
      • Legal
      • Logistics
      • Manufacturing
      • Telecom
      • Travel and Hospitality
      • Utilities
  • Technologies
      • Agile
      • API
      • Artificial Intelligence
      • Blockchain
      • CAD/CAM
      • Cloud
      • Cyber Security
      • Data Analytics
      • Data Center
      • Digital Transformation
      • Graphics
      • IoT
      • Machine Learning
      • Machine Vision and Imaging
      • Predictive Analytics
      • Robotic Process Automation
      • Simulation
      • Smart Labelling
  • Eco System
      • Adobe
      • Amazon
      • Esri
      • Google
      • IBM
      • Infor
      • Kubernetes Partner
      • NetSuite
      • Oracle
      • PTC Partners
      • Qlik Partner
      • Salesforce
      • ServiceNow
      • SiteCore
      • VMware
  • Vendors
  • News
  • Newsletter
  • Whitepaper
  • conferences
  • About Us
  • Specials

  • Menu
      • Agile
      • Amazon
      • Artificial Intelligence
      • Auction Software
      • Collaboration
      • Construction
      • Contact Center
      • GRC
      • Human Resource
      • InsurTech
      • Oracle
      • Parking Management
      • Predictive Analytics
      • ServiceNow
      • Simulation
  • Amazon
  • Artificial Intelligence
  • Collaboration
  • Agile
  • Predictive Analytics
  • Contact Center
  • Auction Software
Specials
  • Specials

  • Agile
  • Amazon
  • Artificial Intelligence
  • Auction Software
  • Collaboration
  • Construction
  • Contact Center
  • GRC
  • Human Resource
  • InsurTech
  • Oracle
  • Parking Management
  • Predictive Analytics
  • ServiceNow
  • Simulation
×
#

CIO Applications Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Applications

Subscribe

loading
  • Home
  • Retail
Editor's Pick (1 - 4 of 8)
left
Retailers Expand Use of Technology Solutions

Retailers Expand Use of Technology Solutions
Tyler Benster, High Tech Evangelist, MecklerMedia

Gaining 360 Degree View of Consumers

Gaining 360 Degree View of Consumers
Sahal Laher, SVP, Chief Digital & Information Officer, Destination XL Group, Inc. [NASDAQ: DXLG]

Security Implementation In Retail Directly Proportional To System Access

Security Implementation In Retail Directly Proportional To System...
Nick Spann, VP, Information Systems & CIO, WilcoHess

Retail: It's All About 'Experience'

Retail: It's All About 'Experience'
Paul Scorza, CIO & EVP, I.T., Ahold Delhaize Company

Infusing Analytics Into Physical Retail Stores

Infusing Analytics Into Physical Retail Stores
Brandon Schulz, Director (Retail Vertical), Luxoft

E-Commerce's Future requires New Thinking & New Practices to Succeed

E-Commerce's Future requires New Thinking & New Practices to Succeed
Jayson Serrault, Chief Marketing and Technology Officer, Batteries Plus Bulbs

Delivering an Elevated Customer Experience Requires an Agile Retail Technology Platform

Delivering an Elevated Customer Experience Requires an Agile Retail...
Perry Kramer, SVP & Practice Lead at Boston Retail Partners

The Realization that Online is Where the Future Is

The Realization that Online is Where the Future Is
Reid Greenberg, Senior Vice President, Kantar Retail

right

Thank you for Subscribing to CIO Applications Weekly Brief

What Role Does AI Play in Retail?

By CIO Applications| Monday, June 10, 2019
Tweet

AI in retail FREMONT, CA: The opportunities created by Artificial Intelligence (AI) are potentially life-changing. These are not the technologies of tomorrow, but today in the retail industry. The retail sector has found creative ways to utilize it. Some such methods are:

1. AI-Powered Visual Search

Visual search has been the most common but significant development in the e-commerce sector.

Customers can browse through options with a reference image, and the application powered by AI will suggest items that can be bought from the reference pictures, along with similar styles and colors. Some large retailers have the option to immediately re-direct consumers to the e-commerce website. Luxury brands have the option to find an outfit from a snap. The customer needs to upload a picture with outfit inspiration and similar pieces with details like availability, or material changes are shown. 

2. Stock Optimization

Although there is nothing new in keeping the store inventories filled, with the increasing e-commerce sites, there has never been a need for speed while stocking up. A popular retailer recently got on board with the AI-powered replenishment optimization tool. It takes into account an entire range of parameters, including weather forecasts and public holidays to automatically analyze sales and stock information from the retail stores. This technology is in no means limited to the grocery sector. In case of fast fashion, where numerous products in high volumes move in and out if the warehouses rarely touch shelves. 

3. The Use of Chatbots

Various large retailers use chatbots as live agents in customer service lines to assist shoppers with products. Many brands have an official AI-driven chatbot agent using microsites to cut down the browsing time. Many customers have expressed that having a chatbot is much useful than a human being. Chatbots not only cut costs but also provides support all around the clock.

4. Personalized Marketing on the go

With the refining of AI technology and intelligent systems, the application directs customers toward the stores and even specific sections inside of it. The app works with geo-location tagging to detect precise locations and guides the customers to the particular section of the retail store. It makes the smartphone a personal shopper on the go.

See Also: 

Top Retail Solution Companies

Top Retail Consulting/ Services Companies

Weekly Brief

loading
ON THE DECK

Robotic Process Automation 2021

Top Vendors

Business Continuity 2021

Top Vendors

Previous Next
Tweets by CIOApplications

Read Also

Doble Releases Spark P3 to Simplify Insulation System testing of High Voltage Assets

Doble Releases Spark P3 to Simplify Insulation System testing of High Voltage Assets

Microsoft Boosts Industry Cloud Strategy for Healthcare with the Acquisition of Nuance

Microsoft Boosts Industry Cloud Strategy for Healthcare with the Acquisition of Nuance

Foot Locker Implements Freedompay's Commerce Platform Across its Stores

Foot Locker Implements Freedompay's Commerce Platform Across its Stores

Five Important Features of Enterprise Search Platform

Five Important Features of Enterprise Search Platform

How the IoT Improves Construction Projects?

How the IoT Improves Construction Projects?

Four Advantages of Implementing Multichannel Contact Center

Four Advantages of Implementing Multichannel Contact Center

Loading...

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2021 CIOApplications. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap  |  Subscribe |  About Us

follow on linkedin follow on twitter follow on rss
This content is copyright protected close

However, if you would like to share the information in this article, you may use the link below:

https://www.cioapplications.com/news/what-role-does-ai-play-in-retail-nid-4282.html