Too Long; Didn't Read
Latest advancement in AI <a href="https://hackernoon.com/tagged/technology" target="_blank">technology</a> and deep <a href="https://hackernoon.com/tagged/learning" target="_blank">learning</a> algorithms are changing the retail industry. With large number of data sets comprising thousands of shelf images, companies can now leverage of AI to better monitor their retail shelf presence. AI will help in recognizing product conditions on shelf such as availability, assortments, space, pricing, promotions and many more. It will empower companies to take immediate corrective. AI algorithms can definitely improve planogram compliance by providing accurate stock visibility insights. Companies will be able to monitor and benchmark duration of out of stock instances, which will lead to better in-store product placement.