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Modernizing Retail Analytics with Intelligent AI Platforms

June 20, 2024 | Megha Aggarwal

Blog / Modernizing Retail Analytics with Intelligent AI Platforms

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Data is growing faster than ever, and we’re drowning in it. Every company generates huge amounts of data daily, from customer interactions to IoT devices. It’s like having a firehose of information turned on full blast, which can be overwhelming. How do you manage all this data? How do you turn it into something useful? Without the right strategies, it’s easy to get lost in the noise, missing out on valuable insights that could drive your business forward.

Decision Intelligence Platforms: Your Best Ally

Decision intelligence platforms are the key to turning this data chaos into actionable insights. Here’s why they are your best ally:

  1. Cost-Affordable, Single Platform Solution: These platforms consolidate data from various sources into a single hub, reducing the need for multiple vendors and tools.
  2. Scalable as Your Analytics Requirements Get More Complex: As your business grows, so do your data and analytics needs. Decision intelligence platforms can scale effortlessly with your requirements, whether you’re dealing with small datasets or massive data lakes.
  3. Advanced Gen AI and AI Tools Tailored for You: These platforms leverage advanced AI and machine learning to provide sophisticated analytics capabilities. They use cutting-edge algorithms to process and analyze data in real-time, offering insights customized to your business needs. 

Where You Are Probably Stuck

Data analytics is vast and constantly evolving. There is no one-size-fits-all solution for transforming data silos into actionable AI insights. Many companies find themselves juggling multiple vendors for data ingestion, migration, and transformation. This fragmented approach increases costs and complicates workflows. The challenge lies in finding an integrated solution that can handle all these aspects seamlessly.

Why You Need to Test Drive “Planning in a Box

Planning in a Box solves these problems by bringing all necessary tools into one platform. Think of it as the Swiss Army knife for your data needs. Built by data practitioners who have experienced these challenges firsthand, it streamlines the entire data process, from ingestion to transformation and analysis. You get faster, more accurate insights, helping you make better decisions without the headache. 

Turning ERP Data into Actionable Insights

To illustrate how decision intelligence platforms work, let’s consider a typical scenario for a store manager. Suppose you’re a store manager who wants to identify which products are trending this season. With the built-in Generative AI Agent, you can simply ask, “What are the top-selling items this month?” and instantly receive a detailed report.

Similarly, if you’re a supply chain director looking to adjust inventory levels based on upcoming weather patterns, you could ask, “How will the upcoming heat wave affect our fan sales?” The Generative AI Agent will analyze the relevant data and provide actionable insights, helping you make informed decisions quickly. 

This seamless interaction means you don’t need to be a data expert to get the most out of your data. The Generative AI Agent simplifies the process, turning complex data analysis into straightforward conversations, enabling everyone in the organization to leverage data-driven insights effortlessly.

AI Beyond the Hype

At Pluto7, we are offering a limited-time workshop specifically for supply chain teams who want to experience the impact of decision intelligence platforms in their existing operations. This workshop is designed to provide hands-on experience with tools like “Planning in a Box” and demonstrate their transformative potential.

So, if you want to use consumer sentiment to adjust your stock levels or optimize SKU stock in every store, this workshop is your ideal starting point. You can register here.

ABOUT THE AUTHOR

Megha Aggarwal is Marketing Executive at Pluto7 and an AI enthusiast. She is curious about how AI/ML are shaping different industries and loves to share her findings on the same. AI/ML are game changers for the businesses. Learn more about this emerging technology with Megha.

Connect with Megha on LinkedIn