AI for Retail: A Practical Guide to Modernize Your Retail Business with AI and Automation
- 4h 42m
- Francois Chaubard
- John Wiley & Sons (US)
- 2023
The coming of the AI revolution in brick-and-mortar retail
In AI for Retail: A Practical Guide to Modernize Your Retail Business with AI and Automation, Francois Chaubard, AI researcher and retail technology CEO, delivers a practical guide for integrating AI into your brick-and-mortar retail business. In the book, you’ll learn how to make your business more efficient by automating inventory management, supply chain, front-end, merchandising, pricing, loss prevention, e-commerce processes, and more.
The author takes you step by step from no AI Strategy at all to implementing a robust AI playbook that will permeate through your entire organization. In this book, you will learn:
- How AI works, including key terminology and fundamental AI applications in retail
- How AI can be applied to the major functions of retail with detailed P&L analysis of each application
- How to implement an AI strategy across your entire business to double or even triple Free Cash Flow
AI for Retail is the comprehensive, hands-on blueprint for AI adoption that retail managers, executives, founders, entrepreneurs, board members, and other business leaders have been waiting for.
About the Author
FRANCOIS CHAUBARD is the CEO of Focal Systems, a deep learning computer vision company dedicated to helping brick and mortar retail businesses automate their operations. He has helped companies like Walmart, ShopRite, Piggly Wiggly, Good Food Holdings, and Fairway optimize their operations with state-of-the-art deep learning that revolutionizes how stores are run. Chaubard also co-created and taught many courses on AI at Stanford University, including CS229: Machine Learning, CS224D: Deep Learning for NLP, and CS231M: Computer Vision for Mobile.
In this Book
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Introduction—Why You Need This Book as a Retail Leader
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How AI Has Revolutionized Many other Industries over the Last 20 Years
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The Three Myths of How AI Will Transform Retail
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How AI Will Automate and Optimize Retail
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Level-Setting the AI Doomsday-ism
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What is AI?
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From CPUs to GPUs
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Optimization
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Measuring AI Performance
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AI Learning Techniques
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Simulators and AI
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OODA Loops
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Hierarchy of Data Maturity
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A “General Theory for Retail AI”
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The Inefficiencies in Retail Today
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AI for Merchandising
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AI for Inventory, Ordering, and Supply Chain Management
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AI for Replenishment and Labor Management
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AI for Labor Budgets and Scheduling
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AI for E-Commerce and Customer Service
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AI for Warehouse and Distribution Centers
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AI for Checkout
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AI for Pricing and Promotion
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Other AI Use Cases
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Create Your “AI Strategy and Road Map”
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Buying vs. Building AI
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How to Run a Proof of Concept Bake-off Effectively
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Transitioning to a Fact-based, Data-Driven Culture
