Profits and gross margins are under pressure for fashion retailers. But could Artificial Intelligence hold the key to optimising markdowns and unlocking value in the supply chain?
Vekia, a key player in Machine Mearning in the Supply Chain sector raises € 12m and speeds things up
Vekia Listed Again in Gartner Market Guide for Retail Forecasting and Replenishment Solutions.
When technology combines with human expertise and ingenuity, society as a whole benefits. If you take a closer look at the evolution of GDP, a key indicator of a country’s economic situation over more than 850 years, you will notice that it is constantly evolving.
Optimizing the “last mile” is one of the final steps put into play by retailers to stand out from competition, generate more sales and build customer loyalty.
After the Mobile-First disruption, here is another one that will impact the business world and especially retail and Ecommerce: Artificial Intelligence (AI).
Originally stationed in shared offices in the center of London in early 2016, Vekia gains steam in new market entry and supports the growth already demanded by other European countries.
France is now better positioned to “surf this trend” with our troops of mathematicians who have evolved into data scientists in the age of a digital economy.
Dominique Rerat, CEO of Vekia, explains the idea behind this concept: “Retailers see change but have difficulty grasping it. They want to move on to business algorithms but need to be reassured to invest.