Scanning devices using artificial intelligence for better demand forecasting
Nah&Frisch
Description
Circly has brought artificial intelligence to the handheld scanning devices of the Franchise retailer Nah&Frisch, saving each store at least 6h a week and capital.
Circly developed AutoML that enables tremendous resource savings from producers to retailers through AI. With an average of > 85% more accurate planning, resources can be used more efficiently and waste of those can be drastically reduced. The web-based Machine Learning/ Artificial Intelligence (ML/AI) supported planning forecast uses historical sales/sales data as well as external factors to create highly accurate demand forecasts. Simple and designed as a no-code system, even companies without a data science or AI specalized team can benefit from the strengths of AI.
Solution features
About the solution
| Name: | Circly Forecast |
| Technology: | Artificial Intelligence, Machine Learning, Big Data |
| Project goal | Circly developed AutoML that enables tremendous resource savings from producers to retailers through AI. With an average of > 85% more accurate planning, resources can be used more efficiently and waste of those can be drastically reduced. The web-based Machine Learning/ Artificial Intelligence (ML/AI) supported planning forecast uses historical sales/sales data as well as external factors to create highly accurate demand forecasts. Simple and designed as a no-code system, even companies without a data science or AI specalized team can benefit from the strengths of AI. The technology can save valuable resources, CO2, food and financial resources, increase floor space turnover and make a valuable contribution in the area of sustainability. |
| Project scope: | The development period has already lasted more than 1.5 years. It should be noted that the development of a software product never stops - however, this is also the genius of Circly's software, that it is always updated via the cloud and functions are further developed. |
| Innovation: | Circly's mission is to democratize AI technology. The company achieves this through price leadership as well as easy access and foolproof use. Innovative is not only the no-code approach (software development without having to write a line of code), but also the preparation and processing of the data. Behind the platform are technologies like Federated ML and the possibility to integrate them everywhere. |
| Costs: | Cirly's mission is to be affordable and cost-effective for retailers, manufacturers and wholesalers. There are various pricing models for customers, depending on the size and number of outlets using Cirly. Integration costs are usually in the low 5-digit range, and running costs are tiered per license and by number of outlets. |
| Replication: | Due to the modular structure of the algorithms and the possibility to upload a simple Excel spreadsheet or CSV file, new customers can be integrated in just a few days. The training of the AI as well as the prioritization and industry-dependent weighting of various factors can also be done within a few days, which is why the solution's current model is highly scalable. Despite the high scaling potential, the modular model can react quickly to industry-specific wishes, customer ideas and market changes. |
Use-Case customer:
Nah&Frisch
Location: Radingerstraße 2A, 1020 Wien, Austria
Use-Case-Region: D-A-CH
Website: https://www.nahundfrisch.at/de/home
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Self-Scanning Solution
