Contact Sales 416-299-6903

A recent article in Winsight Grocery Business looked at how groceries can imagine the future with A.I.

Imagine a world in which you know exactly how many employees you need for a shift. Imagine knowing the best products to discount. Imagine a supply chain that delivered the ideal amount of goods at the perfect time. It sounds high-tech and futuristic, but this future is here.

What’s behind these marvels is what will soon be behind every successful grocery store. It already is if you think of names such as Amazon, Walmart, and Kroger. It’s artificial intelligence or AI, so get prepared if you want to compete with the big guys.

Artificial intelligence is a combination of algorithmic retailing, deep learning and machine learning. It’s computer programs that learn from experience—like a human does, at least ostensibly—and uses that to get better at what it does. For example, AI analyzes results and learns, and takes that and makes predictions and decisions for the future. What’s key is AI does things humans aren’t capable of—such as analyzing enormous amounts of data—freeing up humans to do what they’re best at, such as negotiating with vendors.

The article featured several quotes from Daisy’s CEO, Gary Saarvenvirta, including this one:

“Our system delivers the final decision to the retailer on three fundamental questions,” says Gary Saarenvirta, Daisy’s founder and CEO, which are: Which products should I promote? What prices should I charge? What inventory should I have in-store?

Recent Posts

The Science Behind Pricing the Mix

The Science Behind Pricing the Mix

If you were to ask five consumers their top-of-mind issue when it comes to grocery shopping, you’d get six resounding answers of PRICE.   The price of goods is on every consumer’s mind these days, as the price of food seems to perpetually increase, while consumer...

Big Show, Big Progress

Big Show, Big Progress

Year after year, NRF’s Big Show grows. It’s almost overwhelming how much there was to explore, learn, and share at this year’s event—all with 40,000 of our colleagues. One of the highlights of this year’s show was a breakout presentation from Daisy’s CEO Gary...

Sign up to receive our newsletter