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  • I want you to picture your kitchen at home.

  • And if you're like most people, you can trace many of your groceries back to the original source.

  • And so it's this farm to table sense of knowing the local grower who is responsible for your produce.

  • E spent a lot of time thinking about the future of the retail grocery industry.

  • Today, about 10% of U.

  • S shoppers are buying the groceries online, and that's steadily increasing with new technologies like I o t.

  • Like artificial intelligence, this concept of a smart kitchen that could restock itself.

  • We're not very far away from that grocery Retailers Air Challenged to Match Smart Kitchens With smart aisles Grocers who are securing the edge are the ones that are investing behind AI platforms that are designed specifically for retail.

  • They're actually built on retail specific data.

  • Over the next 2 to 3 months.

  • It learns the behaviors and the preferences of your actual customer base.

  • And so in the end, what you have is highly accurate forecasting model that can help you make inventory decisions that can help you make pricing decisions and can help you design the optimal promotions that's going to ensure that your products are moving off the shelves.

  • Data is Onley useful if you can process it quickly and you can process it efficiently.

  • And if you can do that, you turn data into really intelligence that you can use to personalize the customer.

  • Experience my smartphone camping me with a personalized discount that's crafted for me.

  • And so if I click on that discount, I could be presented with a storm app toe.

  • Actually find these items, and now I could be guided through the aisles was showing that lights up a zai approach.

  • It insights need to be processed very close to where the data set sits or give you an example.

  • If you're standing in the produce aisle, there isn't time to send the data to an offsite processing center back to the store and then back down to the customer.

  • So in today's era, seconds matter.

  • In the customer experience, the future of the grocery industry belongs to those organizations that can process data at the edge of your network.

  • In that way, the concept of edge to edge intelligence is tailor made for the grocery business because we want to keep our data is close to the source is possible.

  • Justus, We want our food to travel a short distance from the farm to the table.

I want you to picture your kitchen at home.

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B1 data grocery customer retail customer experience intelligence

How AI Can Elevate The Consumer Shopping Experience

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    林宜悉 posted on 2020/11/18
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