The new developments are encouraging both brick-and-mortar and e-commerce companies to look to artificial intelligence and robotics in retail in order to achieve greater levels of efficiency, customer satisfaction, and employee retention.
With the increased demand and adoption in the market and sensing that Smart Home appliances are the future of consumer durables and electronics, brands are now creating a long term roadmap for IoT in their respective categories.
People who shop online expect that they receive what they want as quickly as possible. It also means that they expect that your website runs smoothly, pages load quickly, and contain the information they seek.
Leveraging AI-based pricing, retailers can maneuver with parameters to satisfy their pricing strategies such as implementing data algorithms against varied strategies on products that draw more traffic vs. those that successfully drive margins.