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Ask the average person what they picture when they hear the word “innovation” and they’ll probably describe a scene in the R&D lab of a large organization, teeming with technology specialists. Or they might conjure up an image of a recent university grad developing a startup in their parent’s garage. Innovation born within the aisles of a grocery store, though? Probably a little less likely. Regardless of the preconceptions, grocery retailers need to make innovation a high priority in 2019, based on what experts are saying.
Soups, frozen dinners, and hot chocolate are some of the staples that consumers will likely stock up on as they face the cold winter months in many places in North America. In 2019, grocery retailers no longer have to make assumptions about what consumers will buy; they can leverage technologies like artificial intelligence to optimize consumer spending through compelling price and promotion coupled with effective allocation of inventory to meet the needs of customers.
The question of A.I. isn't what it's going to do for grocery stores in the future - it's what it's not going to do. Imagine a world in which you would know exactly how many employees you need for a shift. Imagine knowing the best products to discount. Imagine a supply...
Without being too literal, 2018 was the year that Daisy blossomed. In 2018, Daisy emerged as a fast-growing company delivering artificial intelligence technology that drives tangible and significant financial results for grocery retailers and insurance companies.
A new publication, Wired Different, has included Daisy within its “Toronto 50”, which profiles the leading start-ups in the Greater Toronto Area. Daisy’s inclusion within the Toronto 50 is the company’s latest accolade.
Within retail, the grocery business is at the forefront when it comes to innovations in data analytics. However, the software that enables predictive analytics is decades old, developed when computing technology was not nearly as powerful as it is today. "Traditional"...
Toronto Start-Up takes top prize – 16 Canadian AI Companies vied for Investment from Espresso Capital. And Daisy Intelligence secures $5 Million Funding in Pitch Competition. This funding secures Daisy’s mission to support and make AI based solutions accessible to mid-size retailers to help them co-exist & even compete directly with the bigger giants. Daisy wants to help reduce poverty by helping companies reduce prices to consumers thereby lowering the cost of living, creating a win-win situation in this competitive space!
Today, we’ll delve deeper into the specifics of adopting A.I. in the retail industry for mid-market and regional grocery players.. As recent as a decade ago, investing in A.I. systems was cost-prohibitive for all except for the massive retail companies. Today, almost every retailer of any size can afford to fund A.I. initiatives.
A.I. is so impactful and important that once an organization embraces it, nothing less than wholesale changes are imminent with regards to how employees view the industry, the company, and long-term career paths as well their day-to-day job roles.
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