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9 Biggest Benefits of Using AI in Your Retail Business

In the retail industry, you must analyze data to achieve the best results. This is where AI technology can help, as it unlocks many opportunities to optimize almost every aspect of any retail business. This article will cover the nine biggest benefits of using AI in retail. And how it will positively impact your business,

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How AI Helps Retailers With Price Optimization

The market for artificial intelligence-based solutions in retail is expected to hit $24.1 billion by 2028. Why such growth? Well. Artificial intelligence helps retailers analyze big data, meaning they can run better marketing campaigns, improve logistics, and, of course, optimize prices. And given that price is a crucial factor in the customer’s buying decision, accurate

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4 Ways EdTech Platforms Enhance The Learning Experience With AI

Artificial intelligence is an invaluable educational resource. The technology enables students to follow guided, hyper-personalized paths, delivering just the right difficulty level for them to learn at their best.  After all, overly simple — or excessively demanding — materials only irritate, even overwhelm, students. In contrast, if the appropriate resources push students just far enough,

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Zero-Click Buying: Is This The New Standard In eCommerce?

When Amazon introduced ‘1-click’ in 1997, retailers trembled.  The innovation gave customers a way to purchase anything from the eCommerce store with just one click. And the feature soon set the standard for buying anything online.  Fast forward to today, and expectations have shifted again. Consumers now think that retailers should know what they want,

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5 Ways Computer Vision Is Transforming Retail Industry

The retail industry is changing quickly. Technology is sweeping through the sector, with computer vision applications in retail offering a proven way to enhance the customer experience and boost sales.  That said, the RIS 29th Annual Retail Technology Study: Retail Accelerates shows how just 3% of retailers currently use computer vision, although over 40% plan

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Price Prediction: How Machine Learning Can Help You Grow Your Sales

Every business wants to make a profit. And machine learning can help. Price prediction powered by machine learning is one of the most powerful tools in any company’s toolkit. Because automated price forecasting can help you stay in sync with your market and, ultimately, improve the effectiveness of your sales process. In this post, we’ll

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Top 10 Challenges Companies Face During AI Adoption

Artificial intelligence is taking over the business world. McKinsey’s ‘The state of AI in 2020’ report estimates that 50% of companies already use AI in at least one function. And that only scratches the surface of what’s to come. Forecasts suggest that the revenues generated by artificial intelligence will double between 2020 and 2024, signaling

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