Artificial intelligence (AI) is, once again changing the way we shop by assisting the retail industry. To maintain a competitive edge in a fast-growing marketplace, retail companies have found proactive methods of harnessing new and rich data sources. AI-enabled analytics can help retailers achieve a deep understanding of their customer data and offer actionable insights that will transform it into a business leader.
Predictive analytics has enabled brick and mortar enterprises to explore and consolidate large sets of structured and unstructured data to reveal hidden patterns and new correlations between the latest trends, customer insights, and other useful business information. Just like e-commerce sites providing a revolutionized customer experience, in-store retailers are following the same suit.
Technology is assisting retailers in predicting customer behavior and streamlining most of the business operations. However, the overall growth of retail industry also depends on specialized staff including floor associates, data scientists, artificial intelligence experts, supply chain specialists, all operating in concert with productive technology to delight customers with products and services to retain them.
In an effort to help the retailers facilitate a shift towards automated retail paradigms, a panel of prominent CEOs, CIOs, VCs, analysts, along with Retail CIO Outlook’s editorial board has assessed scores of retail analytics solution providers and picked out a list of prime choices. We have considered the vendor’s ability in designing and building advanced analytics solutions that cater to the retail needs, at the same time adding to its functional and productive flair. We present to you Retail CIO Outlook’s “Top 10 Analytics Solution Providers - 2019.”
