Why Omni-Channel Retail Is The Future of Commerce
In the past, retailers relied on a single channel to do business. This was the traditional way of doing things. Everything was centered around a single-distribution system, as retailers either had a brick-and-mortar store (offline) or a shop online (although
The Top 5 Popular Use Cases of AI in Retail
Artificial intelligence has already been applied to the fashion industry in so many ways, it’s getting harder to distinguish what’s AI-driven and what’s not anymore. We are just at the start of something much more incredible, but the recent advancements
A Closer Look Into the Retail Apocalypse
While the term started to gain traction merely two years ago, the early beginnings of this emerging problem that has been plaguing North American retailers can be traced as far back as 2009. Back then, borrowing money was much easier for
How Predictive Analytics Will Change the Supply Chain
With the predictive analytics market to continue growing, it is no surprise that companies all across the board are looking for ways to keep up with the constant change of consumer demand in this digital age. In a world where retailers
The Benefits of Machine Learning for the Supply Chain
The past two to three years have been seeing one news story from another, with week after week showing news on how machine learning is revolutionizing a specific industry. There are countless applications for artificial intelligence and machine learning as
How Predictive Analytics Drive A Better Marketing Strategy
Growth, insight, and increased sales. These are the simple, yet straightforward answers on why predictive analytics is important to marketers. When it comes to marketing, one of the most important aspects is to better understand your target audience and know everything there
How Predictive Analytics Can Boost Product Development
Fashion designers are futurists. They play some of the most important roles in the fashion and retail industry. From having to be wary of the current trends that are happening at that moment, to thinking far ahead at what might be
How Predictive Merchandising Can Optimize Your Business
Merchandise planners have a lot to think about. How much does your customer want? When do they want it? How does all of this compare to the inventory levels and promotional plans? There is a myriad of questions that come through when
Why Predictive Analytics Is Being Used by Managers
There is no doubt that in the past few years, buzz words like machine learning, predictive analytics, and artificial intelligence have spread all across the globe. While many initially presumed it may have been just another hype cycle within the business