Honeycomb
The Retail Think Tank
for an AI World
We have assessed the potential business impact of AI on over 200 common retail workflows across 14 operational areas , and have identified more than 2,000 potential use cases. These are practical examples of where and how the tools of AI can be applied to create value, with projections as to the business value of AI for each workflow.
We have proved that the holistic application of AI to retailing will be utterly transformative, both from an operational and a social perspective. In the pages ahead, we set out how that will happen.
This is not about reducing headcounts to make efficiency gains. Retail is a business of human need, human connection, and human interaction. AI is about improving – rather than removing – the role of real people in the sector.
To further unpack what’s possible for retailers, we have developed ‘HIVE’, an AI diagnostic tool for retail businesses, which enables users to examine the potential for AI to improve every aspect of the retail P&L. It can be used as a guide for where to make the earliest investments.
We’ve seen retail tech-hype cycles before, since the days of the abacus, and we urge you to believe the hype on this occasion. If you’re not moving forward on this, you’re rapidly falling behind.
Changing the ratios
of retailing with AI
How AI can boost retail profitability, and how you can make the right calls, right now.
Who are we?
Who
are
we?
Together, we bring together more years of experience in retailing, business development, technology, and innovation than we’d like to admit.
Honeycomb Retail AI is an independent retail industry think tank. Its members share intellectual property ownership of specific artefacts created by its members for Honeycomb Retail AI use. Honeycomb Retail AI is not a legally defined non-profit organization.