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How AI Is Changing The Face Of Retail Industry

Ankit Singh | Aug 19, 2017 413 views No Comments

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HOW AI IS CHANGING THE FACE OF RETAIL INDUSTRY
Who doesn’t want to have a blissful shopping experience? I think everybody counts in this list, but unluckily the very few get the real blessing while shopping, whether it is the online or offline mode of shopping. Many shoppers prefer to opt for brick and mortar shopping to avoid the horror of the unbearable shopping experience borne by a few unlucky chaps in online shopping, but the busy schedule, demanding lifestyle are two of the major barriers for opting the offline shopping mode, because it is not possible for everyone to indulge in shopping keeping the other important tasks at a bay. On the other hand, the online shopping experience is not always pleasing and can turn into an unforgettable pain, since it always does not deliver what it shows, because as a shopper, you cannot feel the color, texture or get the feel of the product through online shopping, which is the prime reason users prefer an offline shopping mode on online.

Why AI Is Must for Your Retail Business

85% OF CUSTOMER INTERACTIONS WILL BE MANAGED BY ARTIFICIAL INTELLIGENCE IN RETAIL BY 2020. – A REPORT FROM GARTNER

No doubt, online shopping is time-saving and convenient enough, but the loopholes attached to its existence, make it lose its charm, but now there is a bigger turn has been marked with the invasion of Augmented Reality in the retail industry. The emergence of Augmented Reality is nothing new to the users, and it has been experienced well in the Pokemon Go, wherein users were highly engaged and experienced the true taste of virtual reality through their Smartphones, in the same way, AI has made a revolution in the retail sector and is going to surprise the shoppers and the businesses further with its unique inventions.

Create A Personalized Experience

The major hurdle of online shopping had been, that users could not feel and experience the products, but AI has leapt this hurdle beautifully, wherein every brand is able to give a more personalized experience to all the customers, by letting the AI technology, which helps the customers to see and feel, that how a particular product would fit in their home and they can also virtually try any dress of their choice, before buying it.

Product Recommendation To Boost Sales

With the help of Machine Learning- an integral part of AI, benefits the retailer to boost his sales chart further. By studying the user behavior AI can help the retailers to offer a more refined list of products to the customers; this would create a healthy purchasing experience for the customers, where they can purchase items, based purely on their likes and dislikes.


Monitoring the Stock

Losing a customer, due to out-of stock products’ list, is nothing uncommon, every retail sector faces, but it causes enough of harm to the retail stores, by losing business and also increases the risk of upsetting the loyal customer, on the other hand buying something excessively for any other product, leads to wastage of monetary investment. With AI, the brands can monitor a product if it gets out of stock and manages the inventory stock requirement to carve a healthy shopping experience.

It is true, that AI has got a sizzling chemistry with the retail sector and adopting and integrating AI in the retail business would only help your retail business to excel further. So just don’t wait and adopt AI in your retail mobile app, and if you have not got a mobile app yet for your retail business, then no need to get panic, you only need to get in touch with a top mobile app development company like Techugo, which has an expert team, required technical exposure and relevant experience in the app development field to cater the best possible app development services to your retail business needs. Their team of top mobile app designers is here to help assist you with every step of your mobile app development strategy. We consult, brainstorm, manage the project, design, develop, test, launch, and market apps in the best possible way. You can get in touch with the Techugo team to discuss further your concept to bring into reality. The discussion would help you to gain a better insight of your app requirement.

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