Neom
No Result
View All Result
AZIMUTH GULF
  • Latest News
  • Middle East Markets
    • Middle East Economy
    • Middle East Investment Opportunities
  • Business
    • Energy & Industry
    • Finance & Investment
    • Local Business News
    • Real Estate & Construction
    • Saudi Arabia Business News
    • Startups & Innovation
    • Tourism & Hospitality
  • Digital Trasformation
    • Artificial Intelligence
    • Blockchain Technology
    • Cybersecurity
    • Data Analytics
    • Digital Marketing
    • E-Commerce
    • Internet of Things (IoT)
  • Internationalization
    • Cross-Cultural Business Practices
    • Foreign Market Entry Strategies
    • Global Market Trends
    • International Marketing
    • International Trade Laws & Regulations
    • Middle East Real Estate
    • Supply Chain Management
  • Business Interpreting
    • Simultaneous Interpreting
    • Consecutive Interpreting
    • Interpreting Equipment
  • Language Services
    • Interpretation Services
    • Language Learning
Azimuth Gulf News
  • Latest News
  • Middle East Markets
    • Middle East Economy
    • Middle East Investment Opportunities
  • Business
    • Energy & Industry
    • Finance & Investment
    • Local Business News
    • Real Estate & Construction
    • Saudi Arabia Business News
    • Startups & Innovation
    • Tourism & Hospitality
  • Digital Trasformation
    • Artificial Intelligence
    • Blockchain Technology
    • Cybersecurity
    • Data Analytics
    • Digital Marketing
    • E-Commerce
    • Internet of Things (IoT)
  • Internationalization
    • Cross-Cultural Business Practices
    • Foreign Market Entry Strategies
    • Global Market Trends
    • International Marketing
    • International Trade Laws & Regulations
    • Middle East Real Estate
    • Supply Chain Management
  • Business Interpreting
    • Simultaneous Interpreting
    • Consecutive Interpreting
    • Interpreting Equipment
  • Language Services
    • Interpretation Services
    • Language Learning
No Result
View All Result
Azimuth Gulf News
No Result
View All Result
Interpreter Dubai Interpreter Dubai Interpreter Dubai
ADVERTISEMENT
Home Digital Trasformation

AI and Deep Learning in retail

How AI And Deep Learning Are Making Retail a New Kind of Business

Nardino Di Marco by Nardino Di Marco
March 1, 2022
in Digital Trasformation, Internationalization, Middle East Markets
0
AI and Deep Learning in retail
https://www.linkedin.com/company/azimuth-international

AI, Deep learning and IoT devices are increasingly being used within companies to improve their performance and increase revenues. For example, retailers are now able to automate processes while optimizing time and increasing productivity.

In this article we will briefly look at how Sales and Marketing have changed the way they do things thanks to the introduction of deep learning and AI. 

Computer vision

Computer vision refers to the phenomenon in which computers are “trained” to understand and comprehend the real world. This is done through specific models of AI, able to combine images from cameras with deep learning.

In this way, the device literally learns how to scan and identify a specific object. In addition to this, they can also identify people, such as intruders or other types of individuals. This is possible by submitting computers to a huge amount of information, so that they do their own calculations and learn, over time, to come up with solutions. 

This makes it possible, for example, to identify and find very accurate information about sales, who has made one or more purchases, how many times that person has purchased, and a whole range of useful data to increase revenues.

On the other hand, knowing the behavior and preferences of your customers is one of the key elements for the success of your business. In the same way, food companies can monitor waste, expenses and find potential solutions to save money and raw materials, while also safeguarding the planet.

AI in retail

As previously mentioned, AI and deep learning are often used in the retail world to automate processes and gain valuable data. Indeed, users can access to:

  • Customer demographic profile information
  • Purchase-related behavior (when, where, what)
  • Purchase preferences
  • Periods of purchase and average purchase

All of this can be cross-referenced through computer vision to create truly efficient marketing strategies and campaigns. In addition, large retailers are also often able to embed AI in their stores to know when to fill their shelves and how to organize them. 

In a nutshell, a huge advantage to further increase sales.

What’s the value of IoT?

According to various research in the industry such as that done by Markets and Markets a few years ago, the total value of IoT could exceed $35 billion by 2025. Just know that in 2020 alone, this sector was worth $14.5 billion, and as of today it is worth about $30 billion.

So, the projected $35 billion could literally be smashed, with some research predicting an uptick to over $60 billion by 2026. In short, the IoT sector is unquestionably one of the most important in today’s market, and it doesn’t seem to want to stop growing.

Conclusions

Needless to say, the IoT market, along with that of digital transformation, is one of the most important of the modern era, able to provide valuable tools for all entrepreneurs.

It’s no coincidence that there are many companies that implement deep learning tools combined with artificial intelligence, such as the government of the United Arab Emirates.

Useful Links

  • UAE Government
  • IoT previsions 
Tags: AI

Related Posts

The Different Skills in Consecutive and Simultaneous Interpreting
Business Interpreting

The Different Skills in Consecutive and Simultaneous Interpreting

February 24, 2025
ramadan 2024
Events

Ramadan Business Trends in the UAE

March 21, 2024
LEAP 2024 Riyahd
Artificial Intelligence

LEAP 2024: The Leading Tech Event in Riyadh

March 3, 2024
Saudi Capital Market Forum Riyadh 2024
Business

Saudi Capital Market Forum Riyadh 2024

February 19, 2024
Gulfood Exhibition Dubai 2024
Business

Gulfood Exhibition Dubai 2024

January 30, 2024
neom - vision 2030 saudi arabia
Business

NEOM: The Future Vision of Saudi Arabia’s 2030 Plan

February 19, 2024

POPULAR POSTS

  • Saudi Arabia Vision 2030

    Saudi Arabia’s 2030 Vision: A bold plan for the future

    0 shares
    Share 0 Tweet 0
  • Most Spoken Languages in the UAE (2023)

    0 shares
    Share 0 Tweet 0
  • 6 Hybrid Languages You Might Not Know

    0 shares
    Share 0 Tweet 0
  • Why We Should Protect Endangered Languages

    0 shares
    Share 0 Tweet 0
  • Google Turns 25: A Quarter-Century of Digital Revolution

    0 shares
    Share 0 Tweet 0
Azimuth Digital Azimuth Digital Azimuth Digital
azimuth gulf logo

Keeps you up to date on the latest trends in the UAE and the Gulf market. Find out what your target customers need, search for new business opportunities, and learn how to reach new potential clients with compelling marketing techniques.
Find out how to move the right steps to expand your company overseas with the most successful digital transformation procedures and effective localization strategies.

AZIMUTH BOARD

© 2024 Azimuth International  | [email protected] | Built with by Azimuth Digital

No Result
View All Result
  • Latest News
  • Middle East Markets
    • Middle East Economy
    • Middle East Investment Opportunities
  • Business
    • Energy & Industry
    • Finance & Investment
    • Local Business News
    • Real Estate & Construction
    • Saudi Arabia Business News
    • Startups & Innovation
    • Tourism & Hospitality
  • Digital Trasformation
    • Artificial Intelligence
    • Blockchain Technology
    • Cybersecurity
    • Data Analytics
    • Digital Marketing
    • E-Commerce
    • Internet of Things (IoT)
  • Internationalization
    • Cross-Cultural Business Practices
    • Foreign Market Entry Strategies
    • Global Market Trends
    • International Marketing
    • International Trade Laws & Regulations
    • Middle East Real Estate
    • Supply Chain Management
  • Business Interpreting
    • Simultaneous Interpreting
    • Consecutive Interpreting
    • Interpreting Equipment
  • Language Services
    • Interpretation Services
    • Language Learning

© 2023 AZIMUTH INTERNATIONAL - Azimuth Digital Azimuth Digital.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}