Pinaki Banerjee is a Retail IT professional specializing in Product Lifecycle Management (PLM) in the Retail, Footwear and Apparel (RFA) space.

He started his career as a Product Developer with Exporters shipping to leading Retailers in USA and Europe. He has been associated in various capacities as a Product Developer, Merchant and Logistics Manager thereby gaining thorough understanding of the Retail Processes from the shop floor to the store.

His passion to explore new horizons and the potential impact that IT was perceived to have in the Retail space prompted him to move into PLM Consulting. He has been associated in the Consulting space for 9+ years, implementing and strategizing Retail value road map for leading US Retailers.

He holds a degree in Science with Post Graduate in Manufacturing and Project Management.

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The potential usage of Artificial Intelligence in Retail operations and its overall impact on the way we conceive, develop, distribute and sell is truly amazing.

Session Track: Retail

Wednesday, June 12 1:00 PM - 1:45 PM 106

RE695B - Enhanced Efficiency in Product Development Through use of Artificial Intelligence Driven Automation

The power of Artificial Intelligence (AI) can be used in multiple aspects of product development from reducing data entry operations to driving data driven predictions to make the process fast and efficient. This session will discuss the use of AI across multiple aspects of product development including design, spec creation and sourcing. We will discuss how use of AI engines can help the development process through intelligent identification of similar offerings, fast track creation of BOM and enable effective decision making while finalizing product line. Some key use cases include image recognition, predict best choices of spec components (BOM), most efficient source and effective cost. The key focus will be on using AI in gaining efficiencies by ensuring accuracy and informed decision making.

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