ML use cases in retail

Retail businesses sell consumer products directly to customers through retail stores or e-commerce channels. They get supplies through wholesale distributors or from manufacturers directly. The industry has been going through some significant transformations. While e-commerce is growing much faster than traditional retail business, traditional brick-and-mortar stores are also transforming in-store shopping experiences to stay competitive. Retailers are looking for new ways to improve the overall shopping experience through both online and physical channels. New trends such as social commerce, augmented reality, virtual assistant shopping, smart stores, and 1:1 personalization are becoming some of the key differentiators among retail businesses.

AI and ML are a key driving force behind the retail industry's transformation, from inventory optimization and demand forecasting to highly personalized and immersive shopping experiences such as personalized...