TCS' Optumera™ harnesses the power of AI with high-dimensional, concurrent, always-on optimization to enable retailers to hyper-localize and optimize their assortment, space and pricing strategies in an integrated way, with greater speed and precision in decision-making. With the ability to process over 3,000 heterogeneous data parameters and simultaneously optimize space, mix, and price across siloes, Optumera helps retailers identify demand signals and marketplace changes, thereby driving market competitiveness and customer delight.
TCS Optumera, is an AI powered merchandise optimization suite for strategic decision making, which helps merchants to answers complex strategy determining questions such as 'How can I increase revenue by X% percent y-o-y in the next quarter? Which lever do I change - Space, mix or price?'.
The solution is built for scale and employs robust proven AI models, machine learning algorithms and deep learning techniques, on a big data platform, to model customer behavior, preempt competition strategies, identify growth opportunities and provide optimized recommendations. While enabling users to add constraints and analyze multiple scenario simulations, it combines the powers of users' intuition and creativity with AI models and machine learning. Customers can drive 3-5% increase in sales and margin by using the solution.
The suite includes: