by Angela Guess
According to a new press release, “Logility, Inc., a leading provider of advanced retail planning and collaborative supply chain optimization solutions, today unveiled advanced analytics to boost retail performance through the innovative use of Artificial Intelligence (AI), Machine Learning (ML) and social signals which will drive new insights and transform data into action. These embedded Advanced Analytics are based on Logility’s recent acquisition of Halo Business Intelligence and leverage the rich merchandise, assortment, allocation and replenishment data available in the Logility Voyager Retail Optimization platform as well as unstructured data from social signals such as Twitter.”
The release goes on, “Logility Voyager Retail Optimization’s Advanced Analytics help retailers rapidly transform mountains of unused data into actionable insights to guide their decisions, increase confidence and evaluate multiple scenarios. These purpose-built Advanced Analytics provide quicker access to sales, inventory and margin insights and deliver rich visualizations to rapidly compare actual performance to plans. In addition, heat maps and trend analysis help retail executives focus on opportunities with the greatest potential to impact channel, product and regional performance. ‘Today’s Advanced Analytics must deliver insights in an easy-to-consume format,’ said Paula Rosenblum, co-founder and managing partner, RSR Research. ‘Technologies like Logility’s Advanced Analytics are important to improve retailer reaction time to ever-changing conditions in the market. And turning seemingly random social snippets into actionable data is a big part of improving that reaction time’.”
Read more at Business Wire.
Photo credit: Logility