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.
When we talk about Big Data in Retail, we usually think of collecting sales data to gain a better knowledge of consumer buying behaviours. resulting adaptations linked to the supply chain (products, suppliers, outlets).
In a world where digitization has upset sourcing outlets, there are many hurdles in the way of having the right stock in the right place at the right time.
In an environment of thick competition, the cultivation and the multiplication of distribution channels makes inventory management an increasingly crucial part of brand success
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.
In constant evolution and already impacting many industries, Artificial Intelligence is taking more and more place in the sector of Distribution and Retail.
In a time of increasing pressure on selling prices induced by the digitization of trade, retailers will seek to increase their turnover and margin in new areas of mass consumption.
At the beginning of the year, the Retail world has its eyes on New York, where the NRF Retail’s Big Show Annual Conference is held, bringing together more than 500 Retail leaders and 300 speakers.
With a design based on advanced automatic calculations, Machine Learning has become a fundamental tool for companies using Big Data in their decision-making processes.