RETAIL OPTIMIZATION

The retail industry is fiercely competitive, with internet competitors exerting increasing pressure. Leading retailers understand that providing a positive customer experience and streamlining operations are critical to their success. Companies that employ AI extensively benefit from higher customer happiness and loyalty, as well as reduced fraud and improved operations, all of which contribute to their bottom line.

Advanced Market Basket Analysis powered by Heptaloop optimizes assortment for stores and retailers leading to better products for affordable consumer price

Heptaloop is the key for utilizing Computer Vision for retail decision making!

Product Recommendation

From clickstream data, prior purchases, demographics, and preferences, Heptaloop can be used to uncover patterns in consumer behavior that lead to the best product suggestions for each individual customer, resulting in higher cross-sell and upsell.

Content
Personalization

Highly relevant and individualized product recommendations, websites, email campaigns, call center agents, and mobile applications may all be used by Heptaloop to deliver personalized experiences for customers, increasing conversion rates, basket size, and customer loyalty.

Assortment Planning & Optimization

Heptaloop models can look at a range of criteria such as prior sales, store display space, local trends, online behavior, expected weather patterns, and more. This planned optimization eliminates stockouts and even allows companies to redirect inventory across outlets to capitalize on local trends.

Strategized
Pricing

Using data on seasonality and price elasticity, as well as real-time inputs on inventory levels and competitive products and pricing, the Heptaloop package may be used to calculate the best price for each item. It can also be used to provide reasons for pricing suggestions, indicating the most important aspects to consider when pricing recommendation.

Rise of democratized decision making

The rise of AI and the ascent of e-commerce is affecting retailers in a wide variety of ways.AI is being used by businesses for a variety of purposes, including assortment optimization, product suggestions, fraud detection, client retention, and marketing optimization.

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The Heptaloop package was used to speed up a recommendation engine that connects customers with brands that they care about. Their time-to-market has been cut in half, from months to weeks.