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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: The 4-5-4 US Retail Calendar, 2024–25Innovator Profile: Two Boxes Enables Efficient, Intelligent and Environmentally Friendly Returns ManagementShoptalk Europe 2023 Wrap-Up: Exploring the Role of Key Technologies and Channels in the Future of Retail—Autonomous Stores, Generative AI, Retail Media and MoreMarket Navigator: US Healthcare—Evolving To Become More Personalized and Consumer-Focused
