Today, deep learning techniques are poised to disrupt the retail industry. As artificial neural networks become more and more efficient, and as graphics processing units (GPUs) get more and more powerful, so does their influence on retail. Imagine a world in which deep learning-based systems know precisely what a customer wants. In such a scenario, retailers would cater to their customers more quickly and more efficiently.
Imagine further a world in which deep learning techniques predict future preferences and needs. Retailers would no longer buy excessive stock in items in order to make up for an eventual rise in the demand, because they would know ahead of time the demand for certain products. It would be a situation of mutual gain for both retailers and customers.
This white paper explores how AI, machine learning and deep learning are transforming the retail industry in many positive directions including:
- Inventory and supply chain management
- Analysis of customer buying patterns
- Analyzing traffic patterns
- Providing assortment planning
- Performing retail analytics at scale
- Fighting cyberfraud
Download the new insideAI News special report, courtesy of Dell and NIVIDA, to learn more about how machine learning is revolutionizing the retail industry.
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