IDC InfoBrief on Next-Gen Merchandising Solutions: New approaches to meet the coming challenges of retail
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International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services and events for the information technology, telecommunications and consumer technology markets.
IDC’s respected InfoBriefs series examines how the latest disruptive technologies are fueling revolutions in specific industries.
With 65% of retailers now saying AI is essential for merchandise analytics and 54% of them citing that improving ecosystem collaboration with suppliers is a top priority, IDC is seeing the emergence of Next Generations (“Next-Gen”) merchandising solutions.
Next-Gen Merchandising Solutions: New approaches to meet the coming challenges of retail
IDC InfoBrief covers the following key section:
- Assessment of today's merchandising challenges and the function of category management is increasingly under pressure
- Growing Importance of Retail and CPG Collaboration
- New role if AI as a component of Next-Gen Merchandising solutions
- The trend from automation to augmentation: Why intent matters
- How Next-Generation Merchandising Tools Augment Strategic Decisions
- Capabilities of Next-Gen Solutions
- Evolution of Merchandising Optimization
You will learn
- As research by IDC, you will learn where the category management industry is heading
- How AI will transition from a back-office tool once focused on planning, automation and optimization to one focused on augmenting strategic decision
- How companies can improve decision-making, reduce reliance on specialized "technical" expertise by allowing AI to bridge the gap between strategic recommendations and operational execution
- And lastly, IDC offers some essential guidance on how to get started today
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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.