Oracle Retail AI Foundation is a cloud-based platform that provides retailers with a data science toolkit to support various use cases in planning, operations and execution. It also serves as the foundation for Oracle Retail Analytics and Planning Cloud Services, which offer enhanced insights with artificial intelligence and machine learning.

Oracle Retail AI Foundation enables retailers to:

• Consolidate and exploit the massive volumes of data generated by retail applications across planning, buying, moving and selling
• Apply advanced analytics and machine learning models to optimize business processes and outcomes
• Leverage pre-built retail-specific data models, algorithms and dashboards
• Customize and extend the platform to support broader retail use cases and scenarios
• Integrate seamlessly with Oracle Retail applications and other data sources

A solution for every retail challenge

Oracle Retail AI Foundation supports a range of retail-specific solutions that can help retailers address their most pressing challenges and opportunities. Some of these solutions include:

• Assortment and Space Optimization: This solution helps retailers optimize their assortments and space allocations by conducting what-if analysis, visualizing the results and comparing different scenarios. It also allows retailers to dynamically manage and assess the impacts of adding or removing fixtures, categories or products.
• Demand Forecasting: This solution helps retailers forecast demand at various levels of granularity and time horizons, using machine learning models that incorporate internal and external factors. It also helps retailers adjust their forecasts based on real-time events and feedback loops.
• Inventory Optimization: This solution helps retailers optimize their inventory levels and replenishment policies by balancing service levels, costs and risks. It also helps retailers manage their inventory across multiple channels, locations and formats.
• Promotion Optimization: This solution helps retailers optimize their promotion strategies by evaluating the effectiveness of different promotion types, vehicles, offers and products. It also helps retailers measure the impact of promotions on sales, margins, traffic and loyalty.
• Customer Insights: This solution helps retailers understand their customers' preferences, behaviors, needs and values by segmenting them based on various attributes and metrics. It also helps retailers personalize their interactions with customers across channels and touchpoints.

::button-primary{href="https://www.oracle.com/uk/retail/merchandising/cloud/" target="_blank"}Explore More ::