Impact Analytics (IA) is honored to be named in the Gartner Hype Cycle report for both Algorithmic Retailing and Retail Assortment Management Applications (RAMA).
One key takeaway from this in-depth research is that AI has moved beyond the hype to become the backbone of powerful solutions with transformational benefits. The incentives for businesses that succeed at AI-adoption with the right solutions and partner are clear. An Accenture survey published in June showed data-driven companies earn up to 30% of their revenue through AI-based technologies and products. Furthermore, the Gartner report clearly underscores that today’s retail initiatives are powered by connecting big data to automated business processes, resulting in greater business knowledge and insight.
At IA, our expertise in algorithmic retailing is foundational to the success of our solutions. Whether it’s multivariable forecasting, dynamic pricing optimization, or AI-driven allocation connected to targeted and precise assortments – our solutions provide an entirely new level of decision making and automation designed to drive execution. As retailers face increased competition against supply chain challenges and ever-changing trends, there is no better time than now to implement RAMA solutions to assure the best possible assortment of products for your customers.