Artificial Intelligence is transforming the retail industry. Thanks to cutting-edge data and visitor analytics systems, companies can now make data-driven decisions that help increase sales, marketing efficiency, and revenue at each branch. None of this would have been possible without the help of Artificial Intelligence. AI in retail empowers businesses to leverage advanced data to improve retail operations and find new business opportunities.

PieVentures AI-based solutions help retailers run their businesses smarter and allow them to monitor their customers’ future behavior as well as their shopping traffic. As a business’s AI capabilities improve, its operational agility increases, and new business models emerge that can increase quality and speed of decision-making. It also paves the way for delivering customer experiences that convert more of their shopping traffic into revenue and minimize existing customer churn.

PieVentures artificial intelligence-based retail solution identifies products in any group and distinguishes its customers most accurately based on their past purchases, recognizing them at the time of shopping, and recommends the brand and model of a product that corresponds to the customer’s needs at the most accurate price.

The developed smart model helps businesses determine special prices for their products and develop pricing strategies that will prevent their customers from going to competing brands. To do this, the system collects information about other products, promotional activities, sales figures, and additional data. In this way, businesses can offer their customers the best offers for their brands, gain new customers, and thus increase their sales.