With NRF 2023 concluding this past Wednesday, the retail industry is buzzing from exciting discussions, informative keynotes, and the numerous displays of the latest innovations and solutions for retailers around…
3 min read The rising need for Customer Data Platforms (CDP)Â Customers interact with your business in many ways. A Walker Study predicts that the customer experience will replace price…
The evolution in IoT (Internet of Things) devices and advancement of edge computing with AI capabilities has laid down convincing path to implement computer vision tasks with machine learning applications.…
What is the metaverse? The metaverse has been a trendy topic like AI, IoT, and blockchain, earlier. Although there may be some variations in its definition, there are still a…
Inventory management is crucial in the supply chain. It facilitates inventory tracking of the company’s stock mix (raw material and finished goods) while ordering, storing, using, and selling it. Poor…
Power BI has emerged as one of the most used and critical tools in the contemporary world. It has become a prime candidate for companies that are looking for reporting…
What is market basket analysis Market basket analysis or product recommendation is where you take inventory and point-of-sale data to predict which combinations of products will sell the best. With…
Challenge Our customer, a major retail chain, wanted to determine how much shrinkage was attributed to Point-of-Sale (POS) losses. To do this, they would need to detect actions like missed…