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Planning now express significant worry about food and drink inflation , and many have switched their entire shop to deep discounters in the face of continual price rises .
Joining the dots of big data
Inflation affects every aspect of a business . Employee wages are growing , suppliers ’ costs are increasing , supply chain and premises expenses have maintained significant highs . Retailers are on a knife-edge , balancing significant expenses against the demands of a public hungry for lower prices while still looking to receive a prime customer experience . The choice is to either fight every fire individually , using the time , effort , and expense of high-level employees to solve tiny problems piecemeal , or to find a modern retailing solution which allows the internal focus to stay on strategy .
Algorithmic retailing ( AR ) – the term used by Gartner for the use of AI in retail
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