Andy McQuarrie, Technical Assistant at HIVERY and Matt Robards, Co-Founder, will address the Databricks APAC Industry Leadership Forums on Thursday, October 15.
With support from The Coca-Cola Company, CSIRO and Blackbird Ventures, HIVERY is pioneering hyper-local retail.
HIVERY uses data science and AI to offer hyper-local retail recommendations on product range, space allocation and advertising.
During the presentation, Mr. McQuarrie and Mr. Robards will cover:
- Why Optimizing Shelf Space Is a $ 984 Billion Annual Opportunity for Retailers;
- How they use perspective models to educate retailers about the right products, prices, and promotional activities to use in their space;
- The cannibalization effect of removing certain products from stores and the impact it has on customer behavior;
- The algorithm they use to identify customer groups based on sales numbers and how to apply that to other stores across the country.
HIVERY works with consumer goods (CPG) and retailers like Coca-Cola, Walmart and Kirin.
To learn more about the Industry Leadership Forum, which is driving innovation with Data + AI in Asia Pacific, please click here.
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