Retailers are as ideally suited to benefit from AI as companies in any other industry, enriching the data analytics they’re already doing to improve inventory management, assortment planning, merchandising, marketing, and other business activities. For example, AI-based applications can suggest the ...
In an interview by Street Fight Magazine, David Speights, chief data scientist at Appriss Retail shares how retailers can use AI to tailor consumer-friendly return policies and combat returns fraud. READ THE ARTICLE
Retailers face an evolving landscape of fraud tactics each day. It’s why companies are increasingly turning to AI to try and catch threat patterns never seen before, and block attacks before they ever happen. While this approach lends itself to efficiency, it’s also one that relies on incre...
Retailers are also using AI to offer personalized recommendations through facial recognition—howSephora and Ultause AI to power virtual make-up or skincare “try-ons”—or through smart mirrors that “read” a customer’s features, gender, age, and clothing and make suggestions on what they co...
For example, Macy’s — which projects AI will drive over $7.5 billion in new business by 2029 — adjusts prices across its online and physical stores. The retail giant uses generative AI to increase or decrease prices dynamically based on how certain items are sold and offers “targeted dis...
From the buyers’ perspective, AR (Augmented Reality) technology is a great application. Rather than making a wild guess on whether a shirt fits only using measurements, the buyer can check how it would look on them. Here are a few AI in retail examples: ...
What Technologies Are Retailers Already Using? Ecommerce platforms and point-of-sale (POS) systems are the most commonly used retail technologies, according to an October study of 235 US retail professionals byTotal Retail,RadialandNAPCO Media. Just around one in five respondents said they used fr...
Zendesk in Action - APAC Join us to learn the best practices and proven strategies needed to create a better service experience for both your customers and your team, and better understand how emerging tech like AI can be implemented today to level up your service delivery. ...
Refrigerated trucks are such interesting technology. We should do a whole episode on the logistics of that. But yeah, I mean all these logistical uses are really great and I think across industry, not just in retail, this is a place we're going to see, not Gen ...
AI will definitely change the customer service cycle in retail and both retailers as well as the consumers are bound to benefit from the AI-Retail syndicate. The AI Impact Artificial Intelligence can serve as a boon for retail companies that gather and possess customer data. AI can derive ...