The applications of Artificial Intelligence in the Retail and CPG sector

The advent of AI in retail and CPG sector has revolutionised the way shoppers buy and the way buyers sell. The new cult is knowing your customers and differentiating their needs. If "Personalisation" is one story, taking the current global trend to the customers door step is another.
From warehouses, to design studios, to your eCommerce websites and finally to delivery of the goods, AI is playing a huge role in the automating process. AI is being used to address problems such as speech recognition, natural language understanding, question answering, dialogue systems, product recommendations,product search, forecasting future product demand, etc. 
Bengaluru-based Locus is enabling logistics for companies like Quikr, Delhivery, Lenskart and Urban Ladder using supply chain analytics. Another startup, www.stylumia.com ,
applies AI and computer vision, to analyse the world of fashion and predict the latest trends in the fashion industy.
Myntra's AI projects is to come up with a fashions assistant that can talk in common language and recommend what to wear for various occasions.
With mass data available through TESCO's Virtual Shopping product - HomePlus(https://www.youtube.com/watch?v=nJVoYsBym88) or data from websites like Amazon,
customisation, bundling of products, Substitutability analysis is somthing that is a must to be done to have your business up and running.

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