How Can Artificial Intelligence Help in Retail?

New Technologies accelerate the corporate growth of the retail sector. Thanks to the improvements in Artificial Intelligence retailers manage the business more consciously and effectively. Nowadays, it’s possible to know more about customer behavior and take action according to data that is collected through the customer journey.

Billions of data are collected and analyzed to be able to predict the future by using Artificial Intelligence. Local conversion rate, the period of the service time, map path trajectory are some of the metrics that can be calculated owing to Artificial Intelligence. For instance, local conversion rate gives retailers a clue to optimize their store space, manage staff, decide on pricing and marketing campaigns. Retailers can learn about rush hours on the specific area basis by taking into consideration the local conversion rate.

Retailers who want to take part in the competition have to follow trends in technology and adapt innovations so as to save costs, increase productivity and revenue.

For more information; http://blog.udentify.co/12/2019/how-artificial-intelligence-can-help-to-retailers/