Peak Boosts Business Confidence In Ai With Launch Of Performance Guarantee

By Author: otis
Total Articles: 346
Comment this article

Inventory distortion poses a significant challenge for retailers, with projected costs of $1.77 trillion in 2023. To combat this issue, businesses are increasingly turning to AI solutions to optimize their inventories, ensuring they minimize missed sales and reduce excess stock. Peak, a leading AI applications company, has introduced a performance guarantee for inventory availability to showcase the reliability of its AI solutions and reassure businesses that adopting AI doesn't have to be a high-risk endeavor.

Through Peak's AI applications, businesses can accurately forecast, order, and maintain optimal stock levels across their network. With the performance guarantee, Peak will reimburse the cost of the customer's AI application if the overall availability of products across their network falls below an agreed-upon rate during the guarantee period.

This guarantee holds particular significance for organizations seeking to leverage AI without the perceived risks associated with new technology. Many businesses undergo large-scale transformation programs that often suffer from scope creep, extended timelines, and ...
... excessive spending. In a time when interest rates and capital costs are high, businesses require assurance that their technology investments will yield returns and not become wasted resources.

Richard Potter, CEO and co-founder of Peak, emphasizes that on average, Peak's inventory customers experience a 20% reduction in stock holding while simultaneously increasing availability for their customers. With nearly a decade of experience in AI development and deployment, Peak's performance guarantee showcases the maturity of its product and instills confidence in customers that optimizing inventory with AI doesn't have to be a risky endeavor. In an unpredictable landscape, Peak offers stability for businesses seeking to transform their operations with AI.

Read More - https://www.techdogs.com/tech-news/business-wire/peak-boosts-business-confidence-in-ai-with-launch-of-performance-guarantee