The Target Accelerator Program’s fifth edition is set to pioneer new technologies for both their business and the garment sector including AI and machine learning. Target India has selected eight companies to work on the planned technology solutions and a rigorous four month program will be carried out. During the program, the eight companies will refine their technologies and pilot them at Target stores and headquarter locations. The fields in which the eight companies selected reside include artificial intelligence (AI), analytics, digital experience, computer vision, natural language processing, and machine learning.
The eight companies selected by Target India include Jumper.ai which enables shopping on social media using hashtags, Streamoid which uses natural language processing to create personalised product recommendations, and vPhrase which uses structured data to give insights into natural language. Also, Light Information Systems will use natural language processing to add to customer support functions and Cognitifai will enable video analytics on both live and recorded video footage.
The addition of these new technologies to the online retail experience will certainly transform the e-commerce landscape in India. AI is increasingly being used in online stores. With the rise of e-commerce and online payments as a whole, Target India is backing development in a sector sure to continue expanding.
