AI solutions are finding their way into more and more industries. Retailers are also investing in artificial intelligence (AI), because it allows them to simplify and accelerate their processes. Last year, the German Retail Association (HDE)…
https://prudsys.de/wp-content/uploads/ki-am-pos-3.png6281200Mr Personalizationhttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngMr Personalization2021-09-07 09:26:142021-09-08 10:47:45AI at the Point of Sale: Avoid Losses with Fraud Detection, Minimize Markdowns with Markdown Pricing and Strengthen Customer Loyalty with Smart Incentives
The fashion industry presents online retailers with special challenges and opportunities. The industry is characterized by a high level of dynamism due to constantly changing seasonal fashions and the need to offer clothing that is "in fashion."…
https://prudsys.de/wp-content/uploads/image-similarity-2.png6281200Denise Lingehttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngDenise Linge2021-07-23 09:27:342021-07-23 09:45:41Personalization in online fashion retailing: how to convince customers with image similarity on the item detail page, in the shopping cart and on the wish list
Retailers juggle vast amounts of data on a daily basis - be it in inventory management, price management or with regard to good customer service. Artificial intelligence (AI) helps retailers in both physical and online stores to make sense of…
https://prudsys.de/wp-content/uploads/ki-am-pos-2-2.png6281200Mr Personalizationhttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngMr Personalization2021-07-05 14:06:482021-07-05 14:25:20Artificial intelligence at the point of sale: Three use cases for personalization to delight your customers (Part 2)
Dr. Michael Thess - mathematician, visionary and co-founder of the prudsys AG. He has shaped the company and its software solutions like few others. From 1998 to 2016, Dr. Thess was one of the managing directors responsible for algorithm…
https://prudsys.de/wp-content/uploads/interview-micha-2.png6281200Mrs Pricinghttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngMrs Pricing2021-06-07 11:17:392021-06-08 15:13:58Data mining and AI through the ages - from horse-drawn vehicles to supersonic aircraft: An interview with Dr. Michael Thess
Retailers deal with large amounts of data every day - be it in purchasing, inventory management or price management – throughout all processes along the value chain. Artificial intelligence (AI) supports online and stationary retailers alike…
https://prudsys.de/wp-content/uploads/ki-am-pos.png6281200Mr Personalizationhttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngMr Personalization2021-04-06 13:21:582021-04-08 11:23:42Three ways artificial intelligence benefits customers and retailers at the point of sale (part 1)
After a brief look at my book newsletter I quickly decide whether to move it to the recycle bin or click on another link. As a fan of detective novels I am always thrilled with newsletters containing new releases in this genre. Children’s…
https://prudsys.de/wp-content/uploads/Zielgruppensegmentierung_Intelligente-Kampagne_Personalisierung_prudsys-rde.png6281200Denise Lingehttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngDenise Linge2021-03-23 08:38:412021-03-23 13:06:02How to increase your conversion rate with intelligent campaigns
The option to return goods free of charge or for a small fee is a significant service for online shoppers. Return options deliver a feeling of "security" for consumers that increases their likelihood of ordering. This increase in potential orders…
https://prudsys.de/wp-content/uploads/retouren-1.png6281200Mrs Pricinghttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngMrs Pricing2021-02-25 14:17:012021-02-26 07:52:08Dynamic Pricing and the Myth of Rising Return Ratios
Have you ever been frustrated while shopping at a retailer’s online store? Under what conditions do you feel that you want to continue shopping?
Personally, I spend more time on a retailer’s site when I see products that match with my…
https://prudsys.de/wp-content/uploads/personalisierte-kundenansprache.png6281200Denise Lingehttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngDenise Linge2021-02-03 10:13:072021-02-03 10:13:29Five fresh ideas for personalization in the online store
One of the key reasons why retailers are focusing on dynamic price adjustments is the ever-increasing dynamic of the market and the increased competition. In most industries, flexibility and adaptability are important characteristics that define…
https://prudsys.de/wp-content/uploads/pricing-leh-2.png6281200Frank Nathanhttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngFrank Nathan2020-11-05 10:41:082020-11-05 14:53:415 Approaches to Successful Dynamic Pricing in Food Retailing
The busiest time of the year for retail begins in just under four weeks – are you prepared?
A large German B2C online retailer recorded a substantial doubling of its shopping carts on Black Friday last year compared to “normal” days,…
https://prudsys.de/wp-content/uploads/black-friday-2020-1.png6281200Denise Lingehttps://prudsys.de/wp-content/uploads/prudsys-logo-rgb-homepage-213x88-2018.pngDenise Linge2020-10-29 07:18:512020-11-06 11:02:55Black Friday 2020: Get noticed - five tips for a strong increase in sales
We automate personalization and pricing processes in retail by means of artificial intelligence (AI).
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