Industry – Retail

TRANSFORM YOUR RETAIL BUSINESS TO BE FUTURE PROOF

AI FOR BUSINESS TRANSFORMATION

The landscape of the business world changes every day. Artificial Intelligence can help a business increase sales, improve customer experience, automate work processes, provide predictive analysis, etc.

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Cost savings and increased productivity

According to a Statista research report, 49% cost savings and a 44% increase in productivity can be attained by using AI solutions for retail business worldwide. Benefits offered by AI in the retail sector further extends to increased revenue and more informed business decision making.

ARTIFICIAL INTELLIGENCE AND BLOCKCHAIN SOLUTIONS FOR RETAIL SECTOR

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24*7 Retail Efficiency Analyst

Retailers can reap huge benefits using computer vision and artificial intelligence technologies to enable real-time video analytics that can analyze the efficiency of the business and recommend action items to improve it.

real time video analytics for retail industry
in-store AI sales

AI powered Robotic Process Automation

AI in RPA is a great choice for retailers to streamline processes and improve performance and reduce costs considerably. With the right guidance, any high-volume, low value process oriented task can be automated at ease.

Crypto Based Customer Loyalty Programs

Blockchain-based loyalty programs can be built from the ground up or around existing programs to facilitate an efficient and customer engaging loyalty programs for enhancing customer experience.

AI-powered In-Store Sales Analytics

Enhance your sales strategies using insights generated from in-store sales analytics powered by Accubits retail AI suite. Enable your retail with in-store digital sales concierges, ai conversational tools and more.

 

More Efficient inventory management

Machine learning can help in implementing a system that reduces the human efforts in compiling and interpreting various aspects of inventory and logistics management. When implemented in a retail business, this can simplify every process to generate higher profit margins and cost savings.

blockchain-customer-experience

AI for Effective Customer Retention

Every day you are open for business is another day you think about how you can keep your customers interested in your products. While the quality of the products is a factor, customers value to their shopping experience even more. An AI-enabled customer retention systems can do wonders for your business in this scenario.

 

AI for Enhanced Customer Experience

AI can sharpen the way you look at your customers' demographics, behavior, psychographics, etc. Simply put, it is set to transform the way businesses approach customer service and ensure that the customers keep coming back. Let us look at some ways to leverage AI for better customer retention and how it can help you enhance the level of customer service you offer.

digital-business-transformation

ACCUBITS

RETAIL INTELLIGENCE

SUITE

Reinvent your retail business with Accubits Retail Intelligence Suite. Reimagine consumer engagements, enhance store processes with automation, optimize your customer retention and grow 10X faster with AI-assisted retail intelligence. Revolutionize your business with Accubits Blockchain. From smarter financial transactions to more secure business processes, Blockchain technology is hailed to transform the retail sector for good.

Artificial Intelligence, ML

Enhance retail customer experiences and business strategies with data-driven decisions powered by Accubits Retail Intelligence Suite

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Blockchain, DLT

Enhance your retail business with the tangible benefits and competitive edge offered by blockchain technology.

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Enterprise Solutions

Our customized enterprise mobility solutions can play a pivotal role in critical business decision making, ensuring enhanced business performance

 

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ARTICLES,

TRENDS,

AND NEWS

Read more about how Artificial Intelligence is transforming the retail industry. The landscape of the business world changes every day. With every new business offering better products and solutions, the competition is getting tougher and only the fittest and smartest can survive.By the time a late adopter completes system development, integration, interaction learning, and AI application governance, early adopters will have taken up a considerable market share and will be operating at substantially lower costs with enhanced performance.

With the advent of the Fourth Industrial Revolution, many technologies that were once thought of as “ahead of its time” or “impractical” is now gaining traction and one of those technologies is Artificial Intelligence or AI.

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A critical factor that indicates the performance of any business is its bounce rate.  Higher bounce rate means lesser sales opportunities for the business. Even though there are several reasons that can result in a high bounce rate, the most prominent one is the unavailability of quick information about the business

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RPA is software that copies human behavior or actions, whereas AI is a broad term where a machine simulates human intelligence such as sensing things, making deductions and communicate. The keywords here are – actions vs intelligence. This article should help you confidently differentiate between RPA and AI particularly in the context of automation.

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WHITEPAPERS,

SUCCESS STORIES,

RESOURCES

Read more White papers, research reports and resources about how Artificial Intelligence is transforming the retail industry.Artificial Intelligence (AI) can be used to solve problems across the board. It can help a business increase sales, improve customer experience, automate work processes, provide predictive analysis etc. From conversational tools to driverless cars, AI in various shapes and forms is transforming industries.

Artificial Intelligence (AI) can be used to solve problems across the board. It can help a business increase sales, improve customer experience, automate work processes, provide predictive analysis, etc. From conversational tools to driverless cars...

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Company A is a prominent exhibition organizer based in Dubai, having several exhibition venues throughout the country. The company helps other businesses and organizations to host exhibitions, conferences, and other events. By facilitating the...
 

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In-store AI conversational tools are the perfect customer support option for in-store sales. The solution we built for our client is a kiosk-based, in-store conversational tool. Customers to the store can interact with the device to seek information about...

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