Retail

Personalize Targeting, Reduce Margin Erosion, Retain Customers & Drive Lifetime Value.

Get Up To 6 Times Return on Investments

A true AI application will give you 100% automation, self-learn to constantly improve outcomes and will result in 10x gains. Is your AI doing this for you?

Complete automation, deep learning & accurate forecasting is the holy grail of AI. But does such a well-rounded technology exist or is it still the stuff of Science Fiction. Over the last decade we have solved business analytics problems for retail, technology, CPG, Banking sectors and investigated this problem in detail. Separating the signal from the noise, the real from the hype continues to be a challenge for most organizations. Despite its promise of complete transformation most Artificial Intelligence and Machine Learning projects live a short and expensive life due to following reasons:

Data Collection

Do you have enough usable data? Most organizations lack sophisticated data collection capabilities. This leads to a shaky foundation.

Data Integration

Is the tracking real time and integrated with existing systems?

Who need it most?

How to determine the right mandate & establish business priority to deliver an actionable roadmap that leads to progressive, repeatable gains?

How Adaptable & scalable is the solution?

Is it learning as fast as you want it to?

ROI

How to Calculate the ROI of AI Programs?

Resources

Do you have the right skills to manage the AI Solution?

The Convergytics Approach

We believe that the most important piece of the AI puzzle is a successful adoption. How do we make it easy for organizations to create a strong foundation and keep pace with the emerging innovations that drive successful business outcomes?

AI Journey Assessment

Our AI readiness report gives you a score that highlights where you are in Analytics sophistication and what you need to do to keep pace with the competition.

AI implementation strategy

Implement a winning AI strategy by determining the best use cases for AI and ML adoption that will not only deliver quick wins in the short term but also succeed in the long term

Algorithm library and benchmarks

Fast track AI and ML implementation by leveraging Convergytics pre-built, test and ready to deploy industry and function specific AI and ML algorithms

A successful AI adoption is built on 6 fundamental elements:

Test, Learn, & Improve

Make continuous and progressive improvements in business outcomes and analytics maturity the corner stone of your enterprise analytics strategy

AI Ecosystem

Leverage the Convergytics AI Ecosystem with proven and experienced AI/ML practitioners to accelerate AI implementation and avoid disruptions due to shortage of skilled resources


AI Lab and Platform Partnerships

Save time and effort by utilizing our partnerships with leading innovation labs and technology providers

Interested in Learning More?

Adaptability and Innovation are no longer buzzwords, they are the greatest lessons from the pandemic, especially for retail.

If you are a supermarket, home improvement store or an essential service, the pandemic fuelled your growth. If you are a fashion store, a department store or in the business of accessories, the struggle was very real.

As a retailer, ask yourself the following questions:

01

Is your customer experience personalized?

02

How do you protect your margins, while rewarding loyalty?

03

Are you fulfilling your customer’s expectations across all touch points?

04

How do you address the “Paradox of Choice”?

And most importantly, how do you answer all these questions while ensuring customer privacy?

The Convergytics Answer

Reinvent your retail strategy & adapt for uncertainties and answer above questions by engaging your customers, creating an omni-channel proficiency and delivering an exceptional in-store shopping experience, that is built on the pillars of product, pricing & distribution.

The Convergytics Answer has following components:

Customer journey activation to deliver hyper-personalized engagement

Reduce margin erosion by optimizing pricing and promotions

Deliver a seamless Omni-channel experience

Balance in-store and online purchases through assortment planning

Increase sales and brand equity by optimizing marketing spends

Interested in Learning More?

Case Study

casestudy-optimize assortment

Case Study Optimize assortment plans with systematic testing of localized …

casestudy-marketing-spend

Case Study Marketing spend optimization and planning to drive brand …

casestudy-ml-fraud

Case Study Machine learning solution for real time fraud detection …

casestudy-targeting-customers

Case Study Use machine learning to enable personalized targeting for …

casestudy-centralized-pricing-real-time-discount

Case Study Run centralized pricing strategies with real time offer …

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Case Study Augmented intelligence to enable dynamic customer journey orchestration …