New Retail Format, Sales Management Applications for Business Using AI and Wireless Network

Abstract

Cloud computing, the Internet of Things (IoT), big data, and general-purpose machine learning algorithms (GPML) can manage a number of data sources, including audio, video, and text, to increase the accuracy of product demand projections. Enterprise sales are distinct from other technology sales categories. It refers to the acquisition of large contracts with lengthy sales cycles, several decision-makers, and a higher amount of risk than typical sales. It has an unique decision-making method. Nearly every firm in the current Internet age has included or improved Artificial Intelligence (AI) technologies. In a similar vein, contemporary technology is used to business sales to simplify the work of sales representatives. The jobs of the personnel have not changed, but they are much simplified. The idea of selling things by fusing online and physical venues is known as the “new retail format.” Business-to-business (B2B) product sales management is another aspect of enterprise sales management. This research shows how effective marketing strategies and current retail AI integration are significantly impacted.