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Jul 26, 2024 | 
databricks.com | Nate Wardwell |Sam Sawyer |Bryan Smith |Ryuta Yoshimatsu
IntroductionTime series forecasting serves as the foundation for inventory and demand management in most enterprises. Using data from past periods along with anticipated conditions, businesses can predict revenues and units sold, allowing them to allocate resources to meet expected demand.
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Mar 20, 2024 | 
databricks.com | Sam Sawyer |Bryan Smith |Andrew Ferguson |Nate Wardwell
Next-generation customer experiences are built upon data and insights derived from various touchpoints. Through these, marketers can detect subtle differences in customer needs and preferences and craft personalized engagements that drive additional value for both the customer and the business. But doing so requires careful thought, planning, and execution, and even the best-laid plans don't guarantee success.
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Mar 15, 2024 | 
databricks.com | Tristen Wentling |Bryan Smith |Avinash Sooriyarchchi |Sam Sawyer
On ecommerce platforms, a good product description can make an item stand out and drive sales. A good product description should not only be accurate, easy-to-read and connect with the needs of the customer, but should reinforce the image of the brand or retailer site. Within many organizations, small teams of writers labor over the development of these descriptions, also known as product copy.
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Mar 14, 2024 | 
databricks.com | Sam Sawyer |Bryan Smith |Ari Kaplan |Pearl Ubaru
Artificial Intelligence is top-of-mind with every C-suite in Retail & Consumer Goods. Companies see the potential to deliver better customer service, derive faster and more accurate insights, and drive better innovation and collaboration with partners. Billions of dollars are stake. Less mentioned is the data that is required to power these new AI systems. In addition to legacy reporting data, these AI systems consume presentations, documents, emails, customer service transcripts, images and more.
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Mar 5, 2024 | 
databricks.com | Sam Sawyer |Colton Peltier |Bryan Smith |Avinash Sooriyarchchi
Check out our LLM Solution Accelerators for Retail for more details and to download the notebooks. Product recommendations are a core feature of the modern customer experience. When users return to a site with which they have previously interacted, they expect to be greeted by recommendations related to those prior interactions that help pickup where they left off.
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Dec 19, 2023 | 
databricks.com | Sam Sawyer |Rob Saker |Sam Steiny |Bryan Smith
Each January, thousands of leaders from retailers around the globe gather at Javits Center in NYC to attend Retail's Big Show. NRF is an opportunity for leaders to hear thought leadership from their peers, meet with partners, and see the latest and greatest in the world of innovation. We expect AI to be emblazoned everywhere. Many companies have already started renaming their products with AI-friendly names to capture mindshare from customers who may not look beyond the brochures.
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Oct 18, 2023 | 
databricks.com | Sonia Patel |Bryan Smith
Pricing plays a crucial role in the success of any (consumer packaged goods) CPG organization. Beyond covering the basic costs of development, manufacturing, marketing and delivery, the price assigned to a product signals the value it is expected to deliver in both absolute terms as well as relative to other offerings. Careful consideration of these factors allows some brands to command a premium for their products while others find themselves constrained by the competition.
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May 24, 2023 | 
databricks.com | Bryan Smith |Paul Ogilvie |Maddie Dawson
Want to build your own LLM-enabled bot? Download our end-to-end solution accelerator here. Business leaders are universally excited for the potential of large language models (LLMs) such as OpenAI’s ChatGPT, Google’s Bard and now MosaicML’s MPT.
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May 2, 2023 | 
databricks.com | Sam Steiny |Rob Saker |Bryan Smith
by Sam Steiny and Rob SakerMay 2, 2023 in IndustriesWith razor thin margins and increasing competition for the customer, retailers are always looking for new ways to monetize and stay ahead of the curve. Marketing budgets traditionally spent on trade promotions has shifted in part to digital advertising such as Facebook and Google as CPG companies seek greater flexibility and targeting of consumers. This shift in promotional spend comes at the expense of retailers.
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Apr 13, 2023 | 
databricks.com | Sam Steiny |Rob Saker |Bryan Smith
10 ways large language models (LLMs) may impact the retail industryby Sam Steiny, Rob Saker and Bryan SmithApril 13, 2023 in IndustriesWhat is generative AI? Large Language Models (LLMs) such as ChatGPT have garnered a ton of attention lately along with the broader topic of Generative AI. Their ability to generate seemingly thoughtful, well-informed and even human-like responses to user-provided prompts is truly amazing.
