Retail

Here you’ll find everything about machine learning use cases in the retail industry.

There are many potential machine learning use cases in the retail industry, such as:

• Product recommendation: using collaborative filtering or content-based algorithms to recommend products to customers based on their past purchases or browsing behavior
• Fraud detection: using supervised machine learning algorithms to identify and flag potential cases of fraud, such as fraudulent transactions or fake user accounts
• Customer segmentation: Retail companies can use unsupervised learning algorithms to group customers into clusters or segments based on their characteristics, such as their purchase history or demographics
• Sentiment analysis: using natural language processing (NLP) algorithms to analyze customer reviews and feedback and to identify the overall sentiment towards products or the company
• Personalized pricing: using reinforcement learning algorithms to optimize prices for individual customers based on factors such as their purchase history and market conditions.