Start-up to Use AI for Forecasting Consumer Demand

Start-up to Use AI for Forecasting Consumer Demand
14/01/2021 , by , in ALLIED

Centricity Inc., a start-up uses artificial intelligence to help companies predict consumer demand for specific products in particular communities, is expected to raise $10 million in new venture-capital money this year.

The New York City-based company, is one of many enterprise technology start-ups that have gained traction during the pandemic, uses AI algorithms to analyse some 2.5 billion data points’ worth of internet traffic a day to predict demand for products so that retailers can stock their shelves accordingly.

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