Deep Dive 12 minutes PremiumThe CORE Framework for Artificial Intelligence in Retail Coresight Research February 27, 2018 Executive SummaryWe outline the CORE framework for Artificial Intelligence (AI) in retail. This framework notes the value of AI in four areas for retailers seeking to compete with platforms such as Amazon and JD.com: Communication, with personalized homepages, emails and app experiences, plus chatbots, virtual assistants and voice assistants. Optimize Pricing, by forecasting demand and reviewing competitor pricing, which feed into dynamic pricing. Rationalize Inventory, through forecasting consumer demand, smart allocation of inventory and automated audits. Experiential Retail, with AI bringing new ways for shoppers to engage, discover, buy and pay. Click here to view more reports on AI in retail. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: AI and Unified Data: Empowering Next-Generation Product and Shopper IntelligenceAmazon India Prime Day 2023: Preview—A Focus on Convenience and Value, Plus Engagement Through Livestreaming and GamificationJanuary 2023 US Retail Sales: Most Sectors See Positive Year-over-Year Sales GrowthJanuary 2023 Leading Indicators of US Retail Sales: Retail Set for Stable Growth as Consumer Sentiment Improves
