AI Usecase in Retail Industry
With the help of the chatbots, customers will be able to interact with the businesses directly and can be able to have an awareness of the brand.
With extensive Market Research demand forecasting plays a vital role in production.
Whether a company would like to increase or decrease the pricing of their products, AI enhances the decision-making process.
Managing the products based on the availability of the product and its market value in the future can be executed with powerful AI and ML programs.
Inventory Management in terms of product and raw material management is done with the assistance of AI.
Out-of-stock items can be identified beforehand and the confusion created will be eliminated with the assistance of AI.
There will be no place for human errors if an AI engages in the operational Processes.