In the past, retailers often filled their shelves with the same products, based on the season or the latest lineup, with little room for change. But each store is unique, with different customers, climates, and space. This cookie-cutter approach can lead to empty shelves for popular items and discounts on others, eating into profits. When shoppers can't find what they're looking for, it hits customer satisfaction and loyalty hard.

AI is a game-changer for retailers aiming to perfect their product mix. It analyzes past sales, store space, local trends, online habits, and even weather forecasts to decide which items suit each store best. This smart optimization helps keep shelves stocked with popular products, reducing the need for markdowns by placing items where they sell at full price. AI can also shuffle inventory between locations to capitalize on local trends.

At Bewize, our mission is to make AI accessible to everyone, enabling more industries to tackle business and social challenges with its power. Top retail names like Macy’s, Walgreens, eBay, and HEB use Bewize technology to predict product demand, craft personalized customer experiences, and enhance inventory planning. Bewize Driverless AI, a celebrated platform in automatic machine learning, helps data teams speed up the creation of precise predictive models. It offers features retailers love, like understanding machine learning decisions, providing explanations for individual predictions, and automatic time series modeling.