Diginomica interviewed Jeff Warren, VP of Retail Solutions Management at Oracle Retail, at NRF 2020 and found that retailers are looking for an AI-driven assortment and price strategy. With the launch of Oracle Retail Consumer Insights, AI in retail is no longer just a buzz word.
Learn how by taking owned customer data and bolstering it with third-party contextual intelligence, Oracle Retail Consumer Insights helps retailers fully appreciate who their most loyal, profitable, influential customers really are and move to the next practice in identifying potential customers that possess similar attributes.
Retail success relies on understanding customers. See how the new Oracle Retail Consumer Insights solution provides an unprecedented level of insight for retail marketing teams seeking to better understand existing customers and optimize new retail customer acquisition campaigns.
Retailer scenarios on the impact of returns on price optimization using AI in retail and machine learning approaches for forecasting returns, OLS regression, Logistic regression, Random forest, Gradient boosting and Neural networks from the Oracle Retail Science team.
Check out a new offering from Oracle Retail, Consumer Insights, which aids retailers in understanding the characteristics of their best customers then extends those traits to find similar potential customers among the petabytes of third-party consumer data in Oracle Data Cloud. A current example of AI in retail in practice.
Virtual warehouse allocation is solved using Oracle Retail Science's Offer Optimization. See how one retailer realized a 3% average revenue improvement on 88% of its products and a 33% improvement on 2% of its products, with the help of machine learning in retail.
Fashion and Outdoor retailer and manufacturer, Cape Union Mart International Pty Ltd, Inc. has selected Oracle to modernize its retail operations. With Oracle, Cape Union Mart will have better inventory visibility and more sophisticated merchandise assortments that keep shoppers coming back for more.
Oracle unveils a new Innovation and Technology Center in Porto, Portugal to help retailers gain a competitive edge. The center will focus on delivering breakthrough retail innovations leveraging the latest technologies, including artificial intelligence and machine learning.