Tuesday, June 19, 2018

Mark them to market

How artificial intelligence can help retailers deliver the highly personalized experiences shoppers desire

Get pricing into the pits ASAP, and the consumer gets a much more accurate probability of delivery. Fails to deliver is better managed.

Giving the consumer a cash in advance works here, cash now, interest charges balanced to deposits when needed.  Works best in a company like Walmart, they need to offer the Walmart card with a fair S&L.  So supply and demand stay within some measurable bound.  Relative pricing works great because consumers incentivized to optimize S to L.

Then you don't need much AI, you need the optimum matching spreadsheet function, the perfect pit boss.

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