We are excited to announce our partnership with Walmart.com combining the power of a seamless Machine Learning (ML) Operations Platform with cutting edge Retail Algorithms and pre-trained Machine Learning models.
Walmart leverages Machine Learning across its business to improve the customer experience and business operations - specifically related to pricing, forecasting, personalization, and substitutions. As customer needs and behaviors change, Walmart’s machine learning capabilities enable it to move with speed by powering faster decision-making and reducing the complexity for analyzing massive data sets in real-time.
As part of Walmart's broader commercialization strategy (https://lnkd.in/dHemM-Ns), Walmart is making some pre-trained, machine learning-based models available to other businesses through Predera and its AIQ engine.
Predera AIQ is an end-to-end SaaS platform for packaging, deploying, managing, and monitoring enterprise AI applications at an industrial scale. Predera operationalizes hundreds of AI models for enterprises in industries such as Retail, Healthcare, and CRM using its AIQ engine and pre-trained industry-specific models.
With Predera’s AIQ engine and Walmart’s pre-trained AI models, businesses can now reduce their AI/ML development costs and accelerate time-to-market. In the past couple of months alone, we have started multiple pilots with global customers and are already witnessing the value of this partnership. For instance, a large retailer in the travel industry was able to leverage our advanced forecasting solution to improve their sales forecast, which was earlier impacted due to the sporadicity of travel during COVID
Gartner has reported that in the year 2021, 77% of retailers are planning to adopt AI with 87% reported robotics in the warehouse to be their №1 use case. The market size of AI in Retail for the year 2020 was 2 Billion USD and it is expected to grow yearly at the rate of 30% CAGR forecasted to reach 20 Billion USD by the year 2027.
Join Walmart's LinkedIn conversation for more information on our partnership!!!