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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Among the current top use cases for AI in retail are: Store analytics and insights; Personalized customer recommendations; Adaptive advertising, promotions and pricing; Stockout and inventory management; and Conversational AI. But many of these tasks may just represent the low-hanging AI fruit.

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Benefits of People Counting and In-store Visitor Analytics for Supermarkets

V Count

Once you get a grasp of the customer journey, you can use the visitor data to optimize store layout, improve product placement, and make more informed decisions about inventory management. Tracking foot traffic in specific store areas via zone analytics can reveal the impact of in-store promotions and advertising on customer behavior.

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Benefits of People Counting and In-store Visitor Analytics for Supermarkets

V Count

Once you get a grasp of the customer journey, you can use the visitor data to optimize store layout, improve product placement, and make more informed decisions about inventory management. Tracking foot traffic in specific store areas via zone analytics can reveal the impact of in-store promotions and advertising on customer behavior.

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The Rise of AI in Retail: Transforming the Industry Online, In-Store, and Socially

365 Retail

Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies. By identifying customers as they enter a store, retailers can offer personalized greetings, promotions, and recommendations based on individual preferences and shopping histories.

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Jason & Scot Show Episode 301 Annual Predictions 2023, Year-End Recap, NRF Big Show

Retail Geek

The AI for inventory management is super interesting like these models that are doing demand forecasting that are doing kind of. Jason: [1:09:45] I love it will conveniently I feel like they come up somewhat in my next prediction as well which I think in in aggregate metal Google and Tick-Tock lose advertising Revenue in 2023.