How AI Can Help Retailers With Inventory Optimization
Episode Summary: This week we talk to Alejandro Giacometti, the data science lead at a company called EDITED, based in London. The company claims to help retailers with inventory optimization, and we speak with Alejandro about how artificial intelligence can be used to search the web for the product clusters and individual products of major retailers to help inform other retailers on what products might be popular.
There are two primary takeaways from this episode. The first is the broad capability of monitoring the competition with artificial intelligence, something that can be applied across industries, not just in retail. The second is that EDITED is generating information from what is freely available on the web, and so it would seem their software doesn't require businesses to integrate it into inventory management systems in order to train the algorithm behind it.
I'm not necessarily lauding the company; I haven't used their product nor read all of their case studies. That said, it's worth noting simply because its approach is fundamentally different than most AI vendors.
Read the full interview article on emerj.com