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.
Retailers should leverage technology to make back-to-school shopping stress-free. A few solutions are Oracle Retail Demand Forecasting, Oracle Retail Assortment and Item Planning Cloud Service, Oracle Retail Innovation Workbench and Oracle Retail Science Cloud Services.
Global fashion retail conglomerate Apparel Group has selected Oracle to help meet its long-term strategic, financial, and operational goals. With a growing portfolio of more than 75 brands, catering for millions of customers in its 1,750 stores, Apparel Group will use Oracle technology to streamline processes across departments, to launch new brands and expand into different geographies.
Oracle was recently named a Leader in the IDC MarketScape: Worldwide Retail Price Optimization Applications 2019 Vendor Assessment. With these offerings, retailers gain an unprecedented line of sight into the future performance of their assortments and the impact every promotional offer will have on the bottom line.