Top 10 Artificial Intelligence Solution Providers - 2019
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RetailNext: Taking Shopper Experience To The Next Level

Top 10 Artificial Intelligence Solution Providers - 2019

Long ago, paying a visit to retail stores, interacting with multiple sales representatives, and spending an entire day to pick out a product was the only way to shop, but today the scenario is different. Technology, especially artificial intelligence (AI), has drastically changed the shopping experience of buyers in the past few years.

Consumers can now enjoy shopping from the comfort of their home and interact with virtual agents of retail outlets at any time of the day. These AI-powered virtual agents, chatbots, enable consumers to make calculated choices by directing them to products based on their interests, search history, and shopping history. Additionally, these chatbots also help suppliers create a personalized experience for their customers, which in turn, improve traffic on the retail website.

On the other hand, apart from helping suppliers improve customer engagement, AI also helps retailers in optimizing their marketing process. AI-powered pricing and inventory algorithms help retailers set up different pricing strategies and best promotional offers to retain existing customers, acquire new ones, and increase sales. Case in point, AI algorithms gather information pertaining to products from competitors’ while considering the on-going sales or promotions.

Besides customer engagement and marketing, AI also pilots the transformation in the logistics and merchandising segments of the retail industry, and this edition of Retail CIO Outlook sheds light on some of those benefits. A distinguished panel comprising of CEOs, CIOs, VCs, and analysts, along with the editorial panel of Retail CIO Outlook have selected the Top 10 Artificial Intelligence Solution Providers - 2019, which are at the forefront of delivering distinct AI-powered solutions to the retailers

Company Logo Company Name Company Description
4R Systems Provides AI and machine learning-based solutions that maximize retail profit
AppCard Combines customer identities with real-time transaction data, allowing business owners to know their customers better and accordingly provide a personalized, customer-centric experience
Custora Provides cloud-based retail customer analytics platform, helping retailers drive revenue and lifetime value by making better use of their customer data
GNY.IO Provides a decentralized AI-powered predicitive platform on the blockchain that can predict consumer purchase behavior and help companies target customers with personalized offers
LocateAI Utilizes machine learning-driven models to minimize financial risk, limit inefficient CAPEX deployment, and expand Average Unit sales Volume (AUV) with efficient data sharing while increasing model accuracy with prompt location and sales updates
Newmine Helps retailers reduce merchandise returns with its AI-powered software, Chief Returns OfficerTM
Onera Uses data science and machine learning to help retailers in improving the shopper’s experience while increasing sales and profitability
Profitect Prescriptive analytics help retailers easily understand and act on their data
QwikCheck QwikCheck provides a smart self-checkout solution that offers consumers a true convenience checkout experience for the brick-and-mortar retailers and convenience stores
RetailNext Delivers an IoT integrated platform to bring e-commerce style shopper analytics to brick-and-mortar retailers