8700.005 ai retail infographic stg4-kch · 2018-08-01 · @accenturestrat linkedin.com/company/...
TRANSCRIPT
@AccentureStrat linkedin.com/company/accenture-strategy
How can AI uncover value for fashion retailers?
HIDINGIN PLAINSIGHT
THE RESEARCH
Websites, social media and blogs contain troves of information from customers about their interests,
behaviors, and experiences.
But are fashion retailers really listening to the voice of their customers to uncover
new insights and unlock hidden value?
For example, when AI listened to the customer it uncovered opportunities for retailers to communicate more effectively with their customers by speaking the same language and
providing better product images.
CustomerDiscussions
Product Descriptions VS
ARE YOU SPEAKING THE SAME LANGUAGE
AS YOUR CUSTOMERS?
Example - $10B+ fashion retailer’s website:
Example - $15B+ fashion retailer’s website:
Both retailers:
10-15%of customer reviews
mention product quality
0%of product descriptions
mention product quality
30-40%of products descriptions relate to raw materials
<10%of customer discussions relate to raw materials
of customer content discusses seasons
47%
of product descriptions discuss seasons
27%
Most customerreviews discussed:
occasions forproduct use
Product descriptionswhich mention occasions forproduct use: 0
of shopping experience conversations are related
to product images
of that engagement is fuelled by negative customer sentiment
27%70%
EMBED THE VOICE OF THE CUSTOMER INTO YOUR DNA
Build AI-enabled rapid customer insights into all key processes – Product Design and Development, Merchandising, Marketing, Supply Chain, Stores, and Digital.
WHAT YOU CAN DO NOW
www.accenture.com/retailartificialintelligenceTO LEARN MORE, PLEASE VISIT:
JOIN THE CONVERSATION
Source: Research from Kurt Salmon, part of Accenture Strategy, and Oculus360, 2018.
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ARE YOUR PRODUCT IMAGES FALLING SHORT OF
CUSTOMER EXPECTATIONS?