Sustainability, a topic that has long been discussed, is becoming one of the most important strategic priorities for retailers. Consumers over the years have become more and more conscious of their environmental footprint, and are now expecting retailers to adopt the same mindset. This growing responsibility has forced retailers to rethink how they produce and

The Golden Quarter is Here: How Retailers can Succeed this Holiday Season Why Analyzing Customer Trends is Key for Boosting Profits And just like that, we have approached the busiest season for retailers. The period between October and December (also known as the Golden Quarter) is filled with different events and campaigns relating to Thanksgiving,

Defining AI & ML- Simplified By Fernando Monteiro, SVP EMEA   The two most common technology acronyms you may find yourself reading and talking about are Artificial Intelligence (AI) and Machine Learning (ML). However, despite hearing them so often, many are stumped to explain the definition, what they actually do, and how they differentiate from

Intuition won’t get retailers to the next level, advanced analytics will Why retailers should invest in advanced analytics to effectively manage promotions. Despite technology growing and evolving at a rapid pace, many retailers are still relying on intuition for promotion management. Whether they are guessing the right time to run a promotion, or agreeing on

Traditional Machine Learning Methods vs Deep Learning in Retail Many retailers today are investing in deep learning. However, before taking the plunge, it’s important to first consider where traditional approaches work well. Introduction Deep learning is a major buzzword the retail industry has become infatuated with. Many assume that deep neural networks are the end

Why Retailers Struggle to Embrace Data Science It’s no secret that advanced science technologies are becoming critical for business success (yep, even for retail). With the power of data science, retailers have the opportunity to enhance marketing strategies, operations, financial performance, and of course, stay ahead of the competition. However, despite all of these benefits,

The Power of AI in Retail With each passing year, technology is becoming more advanced, effective, and most importantly, more personalized. With the help of artificial intelligence (AI), daily tasks and processes that are unique to us are automated by a learning system to further bring efficiency and value to our lives. But how does

Why Retailers Struggle to Analyze Lost Sales If we were to ask a retailer how much revenue they lose in lost sales per year, many would scratch their heads, or turn to unreliable data to crunch the numbers. The reason? They don’t have the proper tools to calculate it. To put it simply, most retailers