Online Grocery Recommendations Are Lacking. 3 Young Entrepreneurs Have Created an AI-Powered Solution

Image credit: Courtesy of Halla

  • “Only about 3 percent of all food purchases are made through the internet, according to a report by Deutsche Bank
  • according to a 2017 Salesforce study, which said that recommendations drove 24 percent of orders and 26 percent of revenue.
  • Halla is an artificial intelligence-powered platform that leverages machine learning to provide food recommendations that actually make sense.”

Albertsons Companies to transform experiences for shoppers with Microsoft cloud and AI

  • “The frictionless future of grocery shopping: Moving forward, the two companies plan to work together to leverage Azure and Azure AI and other Microsoft Cognitive Services to transform the shopping experience by eliminating the friction customers experience at the grocery store, such as not finding the products they want, longer-than-usual waits at the deli or meat counters and, of course, checkout lines. For store managers and associates, these intelligent solutions can also help anticipate out-of-stocks and misplaced products.
  • Partnership already proving results with One Touch Fuel: Fuel stops are a whole lot faster with Albertsons Cos. new One Touch Fuel app, which eliminates the hassle of prompts at the pump and saves an average of at least 90 seconds during a fuel-up. The app allows customers to pay for fuel, claim rewards, and activate the pump in just one tap of the phone.”

Caper Brings Artificial Intelligence to the Grocery Aisle

“The world of “The Jetsons” is becoming closer and closer to reality. Advancements in artificial intelligence could soon change the way we eat, shop, and even get around. One of those products is Caper, an A.I. powered shopping cart. Lindon Gao, CEO of Caper, talked to Cheddar about how the company is getting grocery stores on board.”

How Walmart is going all in on artificial intelligence

  • “Sales in the U.S. are at a nine-year high. One thing Jeff’s presentation made abundantly clear is that the company plans to keep those numbers up with artificial intelligence.
  • Last spring, Walmart redesigned its website to be more personalized. Shoppers are served product recommendations based on their previous behaviors, an important distinction. According to Accenture, 58% of consumers are more likely to buy from a retailer that does so. Plus, if a brand doesn’t make relevant recommendations, SmarterHQ found that 47% of people will go to Amazon — Walmart’s chief rival.
  • “We have more data than nearly everyone in the world. We’re making heavy investments in artificial intelligence and machine learning to grow our business,” says Jeff. ‘Why? Because we have to.'”