Enabling Retail Space Planning With AI
Did you know that around 90 percent of organizations fail to execute their strategies effectively and reap their full benefits?
In many ways, the retail industry is changing faster than ever before. Because of this, it can be a challenge to keep up with things like shopper insights, demand changes, market shocks (i.e., supply chain issues, COVID-19), new merchandising constraints, and changes to business targets on revenue and volume. However, new technologies are emerging that have the potential to revolutionize the way retailers operate.
This guide will explore how AI can deliver operational efficiency and collaborative power decision-making. But before we go on, we have an example of a recent client project to share with you.
HIVERY is a multi-award-winning pioneer of hyper-local retailing that offers assortment strategy simulation and optimization solutions to a growing number of large retail and CPG clients in North America. HIVERY is transforming category management, automatic retailing and retail trade promotion with innovative algorithms sourced from Australia's national science agency - CSIRO's Data61.
HIVERY was founded on the vision that Data Has A Better Idea - and we’re working together with our clients to uncover its full potential.