Artificial Intelligence uses in the Retail Sector in 2020 Do you know that there are almost 2 million fashion brands around the world and the number is still growing? The retail industry is growing at a rapid pace, but with this pace, customers are also finding it hard to trust newcomers. Today's audience wants shorter wait times, quick order delivery and smooth experience. However, with the help of AI-powered technology, it's becoming quite easy to fulfil these requirements.
In this article, we're going to discuss some of the applications of AI in the retail sector and how is it bringing the positive changes in retail marketing. Assistance of ChatBots Chatbots are one of the best examples of AI-powered Interaction Technology which can improve customer service at a very high level. Chatbots can also provide improved searching and suggest new products as well. Top brands like Tommy Hilfiger and many other brands worldwide are already using chatbots to help their customers navigate through their products. Price Prediction
One of the most notable advantages of using AI-powered technology is its feature of price forecasting. Generally based on the demand, ongoing seasons, etc. AI can predict the price of different products. This price prediction feature can help retailers to build customer loyalty. Visual Search Visual search is another significant and trendy feature of AI technology which allow customers to upload images and discover similar products based on shades, shapes, and patterns. This image recognition technology can not only help customers by getting the same clothes for them, but also it can suggest what would go well with it. Indeed, these are not the only benefits of AI technology in the retail sector because just like the retail sector, AI technology is also growing day by day. If you're also looking to connect your retail business with AI technology, then we've got you covered. Indus Tech Services is considered as one of the Top Artificial Intelligence Companies in India, which are counted as one of the best Artificial Intelligence Solution Providers. Not just that, they can also help your business with their Hackathon Services and Mentoring Services. So, visit them today and make sure you provide a better experience to your customers.