Detego, a UK retail software vendor which has digitally connected nearly two billion items of clothing and footwear, has released a report detailing the most popular IoT strategies that retailers are adopting to more accurately monitor the movement of goods and better understand consumer behaviour.
People are starting to get to grips with the concept of artificial intelligence (AI) and how it can help retail: particularly online, where chatbots, search engines and product recommendation tools are already blazing a trail. But with up to 90% of sales still emanating from bricks-and-mortar stores
Detego, a provider in real-time business intelligence for the fashion industry, is launching a new mobile solution for retailers which will give faster and cheaper access to the benefits of digital connectivity.
Retail software provider, Detego, has successfully eliminated over three million stock shortages during various pilots and ongoing retailer projects after using merchandise management software powered by artificial intelligence(AI) to help combat perilous out-of-stock situations.
The software provides reliable data on the number of articles that have been tried-on and sold or not (with fitting room conversion rates unique to the system). Social media feeds built into Detego InChannels also give customers the ability to post recommendations or put together outfits that can be shared within their community.
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