Planning Smartness: AI in Retail Scenario Planning
This IDC Perspective discusses the importance and benefits of "what-if" scenario planning in retail with the integration of artificial intelligence (AI)."The value of scenario planning challenges existing models and the status quo. In retail, AI allows decision-makers to speed up the process, simulate real-time conditions, and anticipate the future opportunities and conditions to brace for," says Ananda Chakravarty, VP research, IDC Retail Insights.
Please Note: Extended description available upon request.
Executive Snapshot
Situation Overview
The Value of Retail Scenario Planning
AI Adds to Retail Scenario Planning
Smart Retail Scenario Planning Requires Data
Scenario Planning Is Extended Through Experience–Orchestrated Business Practices