Addressing today’s retail challenges with AI
The retail industry has heavily evolved over the past few years from primarily brick and mortar storefronts, to an e-commerce space, putting increasing pressure on these physical stores to be more cost-effective. The COVID-19 pandemic only heightened existing challenges to make sales conversions while complying with new safety regulations. In today’s economy, retailers of all sizes can’t afford to lose valuable products to internal and external theft, or accidents. They can’t afford to lose sales due to poor planning or staffing issues. Here are a few common challenges retailers face and how Artificial Intelligence (AI) can be used to address them.