![]() ![]() ![]() Such planograms can be very expensive and time- consuming in their creation. One approach to do this is to create a planogram a visual depiction that shows the placement of every product in the store. ![]() Such approaches neglect the critical importance of the physical location of products, the geometric layout, and organization of the store, as well as typical movement patterns of the customers. However, the majority of current AI approaches only focus on information gathered from purchase and sales in order to make predictions and recommendations. Especially large retailers use the power of such methodologies to predict consumer spending, control their investments, and increase returns. Techniques from Artificial Intelligence (AI) and Machine Learning (ML) are increasingly being used in the retail sector and have already proven to generate a substantial return-on-investment. ![]()
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