Artificial Intelligence (AI) has begun to revolutionize the retail sphere. AI-powered solutions help companies optimize their business processes, enhance customer satisfaction, boost their sales, and maximize revenues. From this article, you'll get to know how exactly retailers can benefit from AI. All the technologies that will be described already exist. Businesses that managed to integrate them earlier than their competitors have made a lot of money from them.

Zebra Technologies (NASDAQ: ZBRA), a Lincolnshire, IL-based provider of performance edge solutions, is to acquire antuit.ai, The amount of the deal – subject to customary closing conditions, including regulatory approval and expected to close in 2021 – was not disclosed. AI-powered demand forecasting solution into Zebra's SaaS portfolio will enable retailers and consumer products companies to combine planning and execution to optimize margins and drive revenue growth. The system enables retailers to deliver on their omnichannel strategy by increasing margins with effective prices and promotions, as well as optimizing inventory allocations and order fulfillment. With the platform, consumer products companies can maximize forecast accuracy; anticipate consumer demand to meet retailers' service level, shelf-level, store-level, and e-commerce orders; optimize pricing and trade promotions; and unify sales, trade and demand planning.

Retailers around the globe are cautiously reopening their doors after facing perhaps the most challenging times in decades, while in some areas of the world the toughest times may still lie ahead. The short-term disruption caused by the COVID-19 pandemic is clear, but its impact on the future of retail operations is yet to be seen. This uncertainty is creating unseen challenges for retailers, who are looking to make smart investments in technology that will not become obsolete once health and safety guidelines and restrictions lift. Many retailers have concentrated on implementing technologies primarily to mitigate risk from the ongoing pandemic. However, investing in a new breed of smart surveillance cameras today enables retailers to design a sustainable system with robust application offerings for multiple types of scenarios, both during the pandemic and as operations begin to normalize.