AI Use Case
Optimise merchandising product mix
Determine the optimum product and service mix for maximising LTV and reducing churn. Determine optimum packaging of products.
Function
Marketing
Merchandising
Benefits
Revenue - Higher response rates,Revenue - Customer experience
Case Studies
Otto~Otto predicts with 90% accuracy what products will be sold within 30 days driving automated purchasing and reduction of annual returns by 2M,Adidas~Adidas tests an interactive and virtual retail display wall for footwear optimising inventory displayed with machine learning that results in a smaller foot print store,DeepMagic~DeepMagic offers a fully automated retail pop-up store which uses facial and image recognition to identify customers and determine what they pick up and put down,"HARPS~Harps Food Stores, increases sales by 5% by optimising decision-making around pricing and promotions using machine learning"
Potential Vendors
Blue Yonder,Intel,Daisy Intelligence
Industry
Data Sets
Structured / Semi-structured,Images
AI Technologies
Machine Learning (ML)