Next-generation retail analytics offerings transform SA retailers

Retail Analytics News

Next-generation retail analytics offerings transform SA retailers
Argility Technology GroupMatthew ChittendenGoogle Cloud
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Argility enables next-generation predictive analytics for retailers, with emphasis on price optimisation, demand forecasting and customer behaviour insights, says Matthew Chittenden, Google Cloud growth lead at Argility Technology Group.

Next-generation retail analytics offerings transform SA retailersLeading South African retailers are harnessing next-generation predictive analytics to transform price optimisation, demand forecasting and operations across their value chains.

“Traditionally, retailers depended on historical data for forecasting, but this did not allow them to move and adapt fast enough. Then we moved into predictive analysis, and now we are going into what we call hyper-accurate AI predictive models,” he says. “These work on third-party data sets – or publicly available data – as well as first-party data, which is unique to the business, and new AI-driven predictive models bring all these retail dynamics into something far more advanced.

Chittenden says retail clients who have harnessed this technology are seeing strong growth as a result. “It gives them precision, AI-driven models to gain the price optimisation advantage, optimise stock turnaround and improve store planning and promotions to increase sales,” he says. “Google's whole strategy is around AI first – for example, with Gemini AI baked into products like Google Workspace and Google Meet. Google is the head of the pack when it comes to deep learning algorithms and modelling. We always say, choose the right cloud for the right business case or for the right fit, and Google, unanimously, is the right cloud for data and AI,” he says.

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