Artificial intelligence is a way of driving force to change businesses by creating exciting, innovative products and services, drive critical decisions and achieve crucial goals. Artificial Intelligence is defined as the area of computer science that deals with how computers can be made to perform the cognitive functions which are ascribed to humans. Rather than being just a device which will perform the task that the programmer tells them to do, AI enables the computers to perform those tasks (autonomously) that typically requires Human Intelligence: visual perception, speech-recognition, decision-making, and translation between the linguistics.
The use of AI in Retail / CPD spans each aspect of the industry. Either our goal is to optimize your supply chain, or to use the existing data to increment conversion, or customize shopping experiences with predictive modeling and micro-targeting / pricing.
5ONE Analytics has created a couple of AI solutions like Cooler analytics and Recommender System. Cooler analytics determines the impact of cooler (fridge) placement, in retail stores, on sales of cold beverage drinks. Recommender system decides what items to recommend to the target user by observing the usage of product and ratings of similar users.