Ai for Retail - A Practical Guide to Modernize Your Retail Business With Ai

The coming of the AI revolution in brick-and-mortar retail
 
In AI for Retail: A Practical Guide to Modernize Your Retail Business with AI and Automation, Francois Chaubard, AI researcher and retail technology CEO, delivers a practical guide for integrating AI into your brick-and-mortar retail business. In the book, you'll learn how to make your business more efficient by automating inventory management, supply chain, front-end, merchandising, pricing, loss prevention, e-commerce processes, and more.
 
The author takes you step by step from no AI Strategy at all to implementing a robust AI playbook that will permeate through your entire organization. In this book, you will learn:
* How AI works, including key terminology and fundamental AI applications in retail
* How AI can be applied to the major functions of retail with detailed P&L analysis of each application
* How to implement an AI strategy across your entire business to double or even triple Free Cash Flow
 
AI for Retail is the comprehensive, hands-on blueprint for AI adoption that retail managers, executives, founders, entrepreneurs, board members, and other business leaders have been waiting for.

List of contents

Introduction: Why You Need This Book as a Retail Leader 1
 
Section 1 Introduction to the AI Revolution 11
 
1 How Ai Has Revolutionized Many Other Industries over the Last 20 Years 13
 
2 The Three Myths of How AI Will Transform Retail 37
 
3 How AI Will Automate and Optimize Retail 51
 
4 Level- Setting the AI Doomsday- ism 67
 
Section 2 AI Theory 75
 
5 What Is AI? 77
 
6 From CPUs to GPUs 84
 
7 Optimization 88
 
8 Measuring AI Performance 94
 
9 AI Learning Techniques 100
 
10 Simulators and AI 111
 
11 OODA Loops 116
 
12 Hierarchy of Data Maturity 120
 
13 A "General Theory for Retail AI" 125
 
Section 3 Applications of AI in Retail 137
 
14 The Inefficiencies in Retail Today 139
 
15 AI for Merchandising 143
 
16 AI for Inventory, Ordering, and Supply Chain Management 153
 
17 AI for Replenishment and Labor Management 177
 
18 AI for Labor Budgets and Scheduling 193
 
19 AI for E- Commerce and Customer Service 199
 
20 AI for Warehouse and Distribution Centers 212
 
21 AI for Checkout 227
 
22 AI for Pricing and Promotion 254
 
23 Other AI Use Cases 263
 
Section 4 Implementation 269
 
24 Create your "AI Strategy and Road Map" 271
 
25 Buying vs. Building AI 285
 
26 How to Run a Proof of Concept Bake- off Effectively 292
 
27 Transitioning to a Fact- based, Data- driven Culture 303
 
About the Author 309
 
Index 311

About the author

FRANCOIS CHAUBARD is the CEO of Focal Systems, a deep learning computer vision company dedicated to helping brick and mortar retail businesses automate their operations. He has helped companies like Walmart, ShopRite, Piggly Wiggly, Good Food Holdings, and Fairway optimize their operations with state-of-the-art deep learning that revolutionizes how stores are run. Chaubard also co-created and taught many courses on AI at Stanford University, including CS229: Machine Learning, CS224D: Deep Learning for NLP, and CS231M: Computer Vision for Mobile.

Summary

The coming of the AI revolution in brick-and-mortar retail

In AI for Retail: A Practical Guide to Modernize Your Retail Business with AI and Automation, Francois Chaubard, AI researcher and retail technology CEO, delivers a practical guide for integrating AI into your brick-and-mortar retail business. In the book, you'll learn how to make your business more efficient by automating inventory management, supply chain, front-end, merchandising, pricing, loss prevention, e-commerce processes, and more.

The author takes you step by step from no AI Strategy at all to implementing a robust AI playbook that will permeate through your entire organization. In this book, you will learn:
* How AI works, including key terminology and fundamental AI applications in retail
* How AI can be applied to the major functions of retail with detailed P&L analysis of each application
* How to implement an AI strategy across your entire business to double or even triple Free Cash Flow

AI for Retail is the comprehensive, hands-on blueprint for AI adoption that retail managers, executives, founders, entrepreneurs, board members, and other business leaders have been waiting for.

Product details

• Authors: Chaubard, F Chaubard, Francois Chaubard
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 25.04.2023
• EAN: 9781394184699
• ISBN: 978-1-394-18469-9
• No. of pages: 336
• Subjects: Natural sciences, medicine, IT, technology > IT, data processing > IT; Informatik, Künstliche Intelligenz, KI, Artificial Intelligence, AI, computer science