What Can AI do to Help Reduce Plastic Waste in Supermarkets?

IN Artificial Intelligence — 26 March, 2018

It’s estimated that British supermarkets create 800,000 tons of plastic waste each year. Concerns over the amount of plastic waste were also raised by the British Prime Minister, Theresa May, who encouraged Britain’s major grocery stores to set up plastic-free aisles.

AI in Retail: How Does Automation Increase Productivity?

Is Artificial Intelligence becoming more intelligent? Perhaps it is the Amazon effect, or maybe it’s accelerated technological advances, but businesses across all industries are now harnessing the power of AI to deliver trusted forecasting and merchandising decisions.

Do we Need Data to Understand the Modern Consumer?

IN Artificial Intelligence — 26 February, 2018

Shoppers have fundamentally changed their consumer habits in recent years. Today, a typical buyer journey can involve any number of channels and devices; online and offline, physical and digital, mobile and desktop.

AI in Retail: See How Otto Embraced Innovation

IN Artificial Intelligence — 03 January, 2018

The Otto Group, the world’s second largest multi-channel retailer, has been on a game-changing AI journey since 2006. AI in retail, however, is not exclusively for global businesses with high budgets and vast investment resources, like Otto. It can revolutionize the performance of small, medium and niche retailers.

Artificial Intelligence in Retail: Does it Solve the Complexity?

IN Artificial Intelligence — 11 December, 2017

Once upon a time, retailing was relatively simple. Merchants selected an appropriate product range, bought them at the lowest possible price and at the right quantities, and sold them for a profit. Today, thanks to its global nature and disruptions to the market, retail is one of the most complex industries to trade in.

Making an impact in 20-AI-teen

Disruptive technology is the name of the game in the fourth industrial revolution, and Artificial Intelligence (AI) continues to be at the forefront of advances across many industries. For example, healthcare has benefitted from new cancer detection methods by analyzing high resolution images; scientists have also been working on the AI inside…

Artificial Intelligence in Retail — Solving UK’s Brexit Stock Problem

IN Artificial Intelligence — 22 November, 2017

Data has never been a more valuable commodity and artificial intelligence in retail could finally help businesses cash in their checks.

Tesco’s Green Satsumas Show the a-peel of Reducing Food Waste

The recent news that Tesco is to sell green satsumas, after hotter than average temperatures in Spain prevented the fruit from turning its usual orange colour, reflects growing consumer acceptance of grocery products that do not necessarily conform to conventional standards, as well as recognition by the retail industry that they must do more to…

Enabling Smarter Decisions in Retail with Artificial Intelligence

IN Artificial Intelligence — 04 October, 2017

A previous blog post has explored the importance of high-quality data and how to build an AI strategy. But is all this necessary? Why should companies invest in becoming a digital enterprise if they're already successful?

While businesses may have thrived in the past without digitalization, it is also true that businesses have always strived for…

7 Ways Retailers Benefit From AI

IN Artificial Intelligence — 05 September, 2017

Artificial intelligence (AI) and machine learning are becoming ubiquitous in our daily lives. Modern AI systems are less like David in Spielberg’s film “A.I. Artificial Intelligence” or the HAL computer in Kubrik’s “2001 – A Space Odyssey” but help us to steer through our daily life more efficiently.  From self-driving cars to scheduling…