{"id":1674662,"date":"2019-01-24T10:53:59","date_gmt":"2019-01-24T18:53:59","guid":{"rendered":"https:\/\/www.retailpro.com\/News\/blog\/?p=1674662"},"modified":"2019-01-24T11:28:29","modified_gmt":"2019-01-24T19:28:29","slug":"your-retail-data-determines-ai-effectiveness","status":"publish","type":"post","link":"https:\/\/www.retailpro.com\/News\/blog\/index.php\/2019\/01\/24\/your-retail-data-determines-ai-effectiveness\/","title":{"rendered":"Your retail data determines AI effectiveness"},"content":{"rendered":"

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In today\u2019s real-time global economy, retailers are hunting for strategic optimizations to improve experience and spark long-lasting brand engagement.<\/p>\n

About 85% of companies think AI will offer the competitive advantage they\u2019re after, but only one in 20 (5%) is taking advantage of its capabilities today, according to a report<\/a> by MIT\u2019s Sloan Management Review and the Boston Consulting Group.<\/p>\n

Retailers seek out AI-driven technologies to profitably engage customers and reduce time, cost and error in decision-making.<\/p>\n

Research Gate<\/a> reports, \u201cAI allows retail to gain sharper predicting tools that ensure the making of sharper business decisions. Algorithms intensify the ability to view business implications and translating results like higher sales and lower costs through customer service, product inventory, and staffing.\u201d<\/p>\n

But for many retailers the data needed for actionable insight is fragmented and scattered across the organization, perpetuating skewed learnings and inefficiencies in customer experience.<\/p>\n

Clean, connected data is indispensable for AI.<\/p>\n

With Retail Pro, you have the critical, advantage-gaining resource for AI: years of structured POS data. AI learns from your data for you, giving insight for helpful customer engagement that strong operations alone cannot deliver.<\/p>\n