The automotive industry is shifting its focus from vehicles to customer experience, driven by technological advances and changing consumer behavior. Learn about the five key trends shaping the future of automotive customer experience in this article.
Topic: Business Intelligence
How CPG Businesses are Utilizing Data to Mitigate Inflationary Risk
Three data-driven strategies to mitigate inflation risk in the CPG industry The looming threat of COVID inflation As the world becomes better prepared to fortify itself against new waves of the pandemic, assessing the long-term impacts of this historic global event remains a necessity, particularly as every industry attempts to bounce back to pre-COVID levels… Continue reading How CPG Businesses are Utilizing Data to Mitigate Inflationary Risk
Redefining Risk Management for Resilience in Volatile Times
In the current economic climate, it’s evident that traditional methods of assessing credit risk are no longer adequate. To address the challenges of today’s volatile market, this white paper provides insights into assessing individual creditworthiness, employing innovative loan defaulter classifications, and evaluating applications based on groundbreaking parameters, offering a holistic approach to mitigating credit risk.
CPG’s Zombie Problem: Tackling Underperforming SKUs with AI
A brief history of zombies. “Zombie” products and brands—those which create a resource drain for CPG businesses by underperforming over long periods—have been around for a while. In fact, as far back as 2013, it was found that the F&B industry was incurring annual losses of £600m on R&D [1], with “zombie” and “cannibal” products… Continue reading CPG’s Zombie Problem: Tackling Underperforming SKUs with AI
How are Automated Dark Stores Transforming the Retail Industry?
With the upsurge in e-commerce and retailers investing aggressively in a hybrid, multichannel strategy, the need for alternative last-mile logistics and fulfillment channels has risen markedly. With customers expecting near-instant deliveries, retailers are leveraging a network of location-based micro-fulfillment facilities to fulfill orders quickly and through the most optimal and time-efficient routes. This speedier, more… Continue reading How are Automated Dark Stores Transforming the Retail Industry?
3 Retail Store Trends that are Redefining Physical Shopping
How AI helped reinvent brick-and-mortar retail in 2021 With the exponential growth of e-commerce, the sentiment that physical retail was ‘done’ first surfaced a few years ago. Catalyzed by the disruptive impact of the pandemic, this situation nearly came to be. From corner stores to specialty stores and hypermarkets, the ‘Retail Apocalypse’ [1] seemed to… Continue reading 3 Retail Store Trends that are Redefining Physical Shopping
Reinventing Customer-Facing Apps: Five Innovations in Retail Digital Tech
The retail landscape is evolving rapidly, with mobile and website applications taking center stage. From contactless shopping experiences to customized products and AI-driven innovations, retailers are using technology to enhance customer engagement and create immersive shopping experiences.
How Are Digital Twins Heralding a New Era for Smart Manufacturing
Since conceptualization in 1777, digital twins have evolved to provide acute business insights and planning capabilities through dynamic simulations. Today, smart manufacturing or Industry 4.0 leverages a combination of technology-driven approaches, including Industrial Internet of Things (IIoT), Artificial Intelligence (AI), Machine Learning, analytics, as well as Digital Twins to optimize the production process and streamline… Continue reading How Are Digital Twins Heralding a New Era for Smart Manufacturing
From Route to Resource Optimization: Augmenting Innovation with Genetic Algorithms
A genetic algorithm (GA) is an optimization algorithm built based on the natural evolutionary processes of nature. Based on the Darwinian principle of natural selection, i.e., the survival of the fittest, the concept of GAs originated from research by John Holland at the University of Michigan in 1960.[1] Having gained popularity after the 90s, this technology… Continue reading From Route to Resource Optimization: Augmenting Innovation with Genetic Algorithms
Out of Stock No More: Ensuring Effective Stocking for Retail
This article discusses the significant impact of out-of-stock (OOS) products on the retail industry, resulting in substantial losses and customer dissatisfaction. It highlights various strategies to improve inventory management, including automating inventory management through shelf scanning, analyzing market trends with data mining, building predictive capabilities with ML, and tracking stock with barcodes and RFID.