“This week China announced what appeared to be a softening of its previously extremely hard line on global domination in the area of Artificial Intelligence (AI). China is out investing, our strategizing and out researching America when it comes to Artificial Intelligence. They have a broad, well considered, holistic approach to the topic, which combines…
Tag: bmcgee
Study: Half of retailers are embracing AI to transform supply chain
“The challenge for retailers is that they lack connected systems. Thirty-six percent of survey respondents indicated that they have separate demand planning, replenishment, allocation and order management systems for store and ecommerce orders. Combined with the fact that 28 percent don’t manage each of their modules on the same platform, it becomes clear that disparate…
Nosto/Knomo – 60% increase in conversions
“Nosto’s AI-powered personalisation solution for bag and tech accessories retail brand Knomo has been recognised as a double-winner in the eCommerce Awards for Excellence 2018. It was honoured with both the ‘Best use of AI’ and ‘Best use of Personalisation’ awards at the annual online retail industry event. The results have been impressive. Since going…
Flipkart Snaps Up Israeli Retail Analytics Startup Upstream Commerce
“Reportedly, the move will help Flipkart to deliver real-time pricing and product analytics to its seller partners. According to an ET report, industry insiders have hinted that Flipkart bought the retail intelligence startup for around $30-40 million. Upstream Commerce offers a suite of products related to predictive price optimization, pricing intelligence, lifecycle intelligence among others….
90% of retailers expect to have AI within five years
“A new report from VoucherCodes.co.uk and WBR Insights has revealed that over 90% of retailers expect to have Artificial Intelligence (AI) or virtual assistant technology operating in-store and online within the next five years. In a report interviewing 200 senior executives at major UK and French retailers, VoucherCodes.co.uk has revealed that retailers are investing in…