Owing to the digitalization of the modern market, Competition appears to be the norm of the day, and every business is looking for ways to outperform its competitors. Due to global e-commerce trends, big data has made its way into more advanced customer analysis and marketing methods. In 2017, 'The Economist' claimed that 'the world's most valuable resource is no longer oil, … [Read more...] about How To Leverage Big Data in Retail Industry for Growth and Innovation
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AI for Ecommerce: From Personalization to Prediction – Discover How Robots are Transforming Retail
Imagine walking into an online mall that provides suggestions tailored exclusively for you. Imagine shelves brimming with personalized merchandise tailored just for you based on past purchases, browsing habits, and fleeting desires - no more sifting through endless options; AI becomes your invisible shopping partner, leading you to treasures you didn't even know … [Read more...] about AI for Ecommerce: From Personalization to Prediction – Discover How Robots are Transforming Retail
Innovative Frontiers: AI Role in Redefining Retail Experiences
In the ever-evolving world of commerce, technology stands as a catalyst for innovation. Among the array of technological advancements, artificial intelligence emerges as a disruptive force, particularly within the retail sector. AI in Commerce Stack With the advent of composable commerce various backends can be easily plugged together making room for better AI innovations to be … [Read more...] about Innovative Frontiers: AI Role in Redefining Retail Experiences
5 Ways to Use Generative AI in Retail
If you're thinking about what industries will benefit from adopting generative AI solutions the most, retail might not be the first sector to cross your mind. However, a new report from Salesforce states that 17% of buyers have already used generative AI for shopping inspiration! Specifically, users turn to large language models (LLMs) like ChatGPT to research gadget ideas, get … [Read more...] about 5 Ways to Use Generative AI in Retail
Role of AI Consulting for Retail Transformation
The retail industry is undergoing a significant transformation, driven by advancements in artificial intelligence (AI) technology. AI is revolutionizing various aspects of the retail sector, including demand forecasting, pricing optimization, customer experience improvement, and inventory management. To navigate this complex landscape and leverage the full potential of AI, … [Read more...] about Role of AI Consulting for Retail Transformation
