Start-up to Use AI for Forecasting Consumer Demand

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 N

BY Realty Plus
Published - Thursday, 14 Jan, 2021

Start-up to Use AI for Forecasting Consumer Demand

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.