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…

bonprix sets prices with AI-based price optimization

IN Price Optimization — 29 November, 2017

In a complex and changing market, retailers need to transform their internal processes to meet the challenges of rising costs and falling profits. Tackling this issue head-on, bonprix decided to use price optimization software to improve its margins. And, with data key to remaining competitive, the company also wanted to gain valuable insights via…

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…

The Science of Winning Customers' Hearts: How to Build an Effective Retail AI Strategy

IN — 31 October, 2017

Most of the buying decisions that customers make are emotional, even if they back-rationalize their purchases with logic. This is one reason that understanding consumer buying habits, and creating an engagement strategy that works on a personal level, is so challenging for retailers.

The Power of AI in Retail: What the Experts Say

IN — 30 October, 2017

If there’s one key takeaway that came out of our recent trip to Shoptalk Europe, it’s that the buzz around AI in retail continues to grow.

Blue Yonder Recognised for Innovative Food Replenishment Software

IN Events & Awards — 18 October, 2017

For shoppers, out of stock items are frustrating. For supermarkets, an empty shelf often leads to a reduction in sales and consumer loyalty. On the other hand, too much fresh produce results in vast quantities of unprocessed, healthy food wasted each year. Combatting this problem, Blue Yonder has implemented a fully automated ordering system across…

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…

How Can AI Make Fashion Retail More Responsive?

IN — 26 September, 2017

Fashion retail has always been fast paced, but that pace has increased remarkably in recent years, and it’s down to one predominant influence: the consumer.

The growth of new channels such as mCommerce and shoppable social media platforms have made it possible for fashion fans to browse and buy items in even the tiniest shopping window; from their…