AI is expanding in every industry, especially in retail, where experts estimate that spending on AI will be $12 billion by 2023. They projected the retail industry to grow from 23.6 trillion U.S. dollars in 2018 to around 26.7 trillion U.S. dollars by 2022. The enormous growth has led to major competition in the industry. To sustain the competition retailers, need to gear up … [Read more...] about How Data Annotation is Important to Retail’s AI Adaptation
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How To Improve Your Data Quality: 7 Tips
Netflix uses data to understand what its audience wants and create blockbuster series. Uber uses data to move their drivers to areas that have a higher demand. These are only 2 of the many companies that are using data to stride ahead of the competition. When it comes to being a data-driven organization, collecting data is the easy part. The hard part is drawing meaningful, … [Read more...] about How To Improve Your Data Quality: 7 Tips
7 Consumer Brands Reinventing Marketing in the Metaverse
Only a few weeks ago, many had never heard of the metaverse, but since Mark Zuckerberg announced the rebranding of Facebook to Meta at the end of October, the metaverse is all over the news. Yesterday, also Microsoft announced their journey into the metaverse, and in the coming weeks, all Big Tech firms will probably follow in some way or another. The more companies that … [Read more...] about 7 Consumer Brands Reinventing Marketing in the Metaverse
Image Recognition in Retail: Applications & Implementation Tips
Heavily shattered by the pandemic, the retail sector is on the lookout for innovation. Among the many technologies retailers focus on, artificial intelligence is an undeniable leader. The market of artificial intelligence solutions for retail is projected to reach $23.32 billion by 2027, quite a leap compared to $5.06 billion in 2021. Within AI, computer vision and image … [Read more...] about Image Recognition in Retail: Applications & Implementation Tips
The Future Of IoT In The Retail Industry
The sudden change from last year till this moment has been an unprepared revolution for every business including the retail sector. And the probability that your business will survive now and in the future depends on how you can quickly adapt and flow with the new trend in technology. Globally retailing is facing severe changes which can be partly explained by the events … [Read more...] about The Future Of IoT In The Retail Industry