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21 Jun, 2019

AI is shaping the future of shopping and investors stand to benefit

At the local Neighborhood Market in Levittown, New York, customers are getting a first-hand look at the future of shopping. It is here that Walmart is putting artificial intelligence (AI) to the test, applying advanced technologies to increase operational efficiencies and improve customer service in its stores nationwide. Cameras and real-time analytics work together to send automatic alerts when an item is out-of-stock, and then prompt store associates to re-stock the shelves. Using sophisticated demand forecast algorithms, the system even tells workers the precise quantity that should be replaced to help reduce waste while ensuring customer needs are met consistently.

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