Some experts opine that AI and Machine Learning models are defunct in the age of COVID. All of them need historical data; since COVID has altered history significantly, AI models built on the last 3-4 years history are not useful. We respectfully disagree. With a little skill, AI can help you navigate and adapt to extraordinary situations like COVID.
An informational webinar was held on Sept 24th to learn more about the AI and Machine Learning applications in pricing of products, hear why predictive analytics and machine learning can drive such a great impact for retailers and seize the oppurtunity to discuss with the subject matter experts. Watch the video here.
Team NextOrbit won the “Best Idea Winner” award at the P&G vGrow summit - Biz Arena 2019 for the solution proposed to address the challenges in terms of Automation in Forecasting.
How Artificial Intelligence and Machine Learning helps E-commerce to enhance customer experience, improve competitiveness and enhance profitability
Fashion is perishable, which is why it is all the more important for you to ensure that the right products reach the right stores at the right time. AI based demand forecasting will help you understand the demand of the market, and analyze the different market trends using the different factors. Check out what are the demand forecasting challenges you are likely to face, and how AI helps overcome them, in detail
Retailing and brands are all about understanding customer needs. And customer needs are becoming diverse and varied. A one-size-fits-all approach will not work any longer. Retailers and brands need to micro-cluster their customers, understand what precisely they need, and then hyper-personalize their offerings. AI(Artificial Intelligence) and Machine Learning have a huge role here.
AI-Enabled pricing strategies can make all the difference between success and failure of a brand. In this video, listen to our experience in improving sales for an American apparel brand using customer clustering and appropriate pricing strategies that lead to a 14% improvement in sales.
The fashion industry is restaging itself through the used fashion market.