- Databricks Lakehouse for Retail is an integrated platform to help retailers tackle specific industry challenges, such as demand forecasting and supply chain inventory provision.
- The product helps users gain insights from data, either through traditional analytics or by leveraging Databricks’ AI tools.
Advanced analytics firm Databricks, known for its AutoML capabilities, has launched its first industry-specific product, Databricks Lakehouse for Retail. It is a savvy move to target the retail sector, which has been shaken to the core during the global pandemic, with supply chain disturbances and a massive shift towards e-commerce accelerating trends that would have taken many years in normal circumstances. Against this backdrop, retailers are looking to optimize their data to better manage inventory issues and supply chains and to improve their ability to forecast demand and personalize marketing campaigns for customers. Continue reading “Landscape for AI-Based Vertical Solutions Heats Up as Databricks Unveils Offering for Retail Companies”