HOW AI IS ACCELERATING RETAIL TRANSFORMATION

Retail is transforming with Big Data …

Retailer’s Guide to Big Data Infographic

6 BILLIONMobile subscriptions worldwide

1.01 BillionFacebook users worldwide

400 MillionTweets per day

87%World’s Population

604 MILLIONUsers log-in monthly from mobile

84 MILLIONUsers access Twitter via Mobile

The volume of data emerging from point of sale, in-store engagement, mobile platforms, and social media is unlocking value from technology beyond traditional expectations.

Retailer’s Guide to Big Data Infographic

Resulting in disruptive and new technological shifts in key retail business areas according to McKinsey.

Paving the way for AI technology to deepen the understanding, connection, and creation of superior experiences for

retail consumers.

Forbes Shutterstock Image

READ MORE

“There an estimated 3,000 AI startups worldwide, and many of them are building on NVIDIA’s platform. They’re using NVIDIA’s GPUs to put AI into apps for trading stocks, shopping online and navigating drones.” Read more …

Aaron TilleyWriter

The retail sector is now best positioned to leverage AI and Deep Learning, as these new technologies are developing…

READ MORE

AI software such as Computer Vision is being developed by startups to help retail consumers find the perfect and individualized fit.

THIRD LOVEA app that enables women to find the right fitting bra from home using a mobile device and deep learning.

VOLUMENTALOffers computer vision applications for sizing shoes and eyewear to create a individualized retail experience for

customers.

Daisy Intelligence is using AI to determine what deals a retailer should offer or what the featured product on a ad campaign should be, using massive sets of consumer data.

“You send us raw data, our machine analyzes it and spits out decisions. We don’t change your process at all, except that now you have a new piece of information to consider … It’s about making smarter decisions; there are all mathematical quantitative things that computers do better than people.” Read More …

Startup, GoFindAI created an AI search-engine powered app that scours over one million products from 1,000 online retailers looking for similar items. The app’s intelligence analyzes patterns, structures, styles, and colors to recommend the perfect product.

READ MORE

Deep Learning startup, ebo box, is helping consumers shop for gifts by learning about the gift-givers and recipients and combining that with data collected about general user preferences in the market.

“Artificial Intelligence can uncover linkages that humans can’t. Finding those kind of connections in massive amounts of data requires heavy-duty computing. That’s why we started using NVIDIA GPUs and that’s why we use deep learning.” Read More …-Marwan SledgeFounder and CEO ebo box

Stitch Fix’s natural language processing algorithms decode written answers from customers’ feedback on what they liked or disliked about each item. This data is then used to make better recommendations to the next shipment.

Fashion startup Stitch Fix is applying deep learning to match their customers with personalized clothing recommendations.

READ MORE

“At the minute, a picker is standing at a station and they go and pick a product, and then in order to verify that they have given the customer the right product they have to scan it.” That has a barcode, I need to get it in that position to scan it."

Online retailer Ocada is replacing barcode scanning with AI ‘vision’ to speed packing processes.

READ MORE

How will Deep Learning Impact Your Business?

LEARN MORE