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Recommendation engines are the norm on websites. The problem is that the basic, statistically driven, engines don’t understand an artistic view, especially when referring to images such as on home décor sites. While recommendation engines are great for more statistical analysis and relationships, something different is needed to improve success on sites that require analysis are more artistic concepts. Machine learning (ML), luckily, is a broad spectrum of solutions, and it is starting to be applied to design issues that can improve business, both on the internet and in retail.
Retailers are always looking for new ways to improve the customer experience and stay competitive. As a result, retailers are investing heavily in technology, which has led to a lot of innovation in this space. And with more and more startups entering the market, it will be exciting to see how Retailers will adapt and evolve. This article will highlight some of the most innovative retail tech startups that have entered this space recently and have made an impact on how retailers operate their businesses today.
Israel is commonly seen as the blueprint for a world-leading startup ecosystem, with numerous top startups emerging each year. Currently, it is estimated that there are more than 6,000 startups in the country. This makes Israel the world-leader in startups per capita. Founders based in Israel have access to an incredibly skilled and technically gifted network of mentors that can pass down critical knowledge and advice to help Israeli founders in the early stages.