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3 technology trends set to revolutionize retail

CIO

Few verticals have undergone as massive a change as retail in the last couple of years. Driven by cutthroat competition and significant shifts in customer expectations, retail companies are striving to align themselves with the changing landscape, with IT playing a crucial role in their ability to achieve this.

Retail 184
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10 Key Trends of Digital Transformation in Healthcare in 2022

OTS Solutions

At the heart of this shift are AI (Artificial Intelligence), ML (Machine Learning), IoT, and other cloud-based technologies. New business models and productivity gains can be achieved by using modern technology. The intelligence generated via Machine Learning.

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Singapore-based retail analytics company Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock

TechCrunch

COVID-19 forced many retailers and brands to adopt new technologies. Retail analytics unicorn Trax expects that this openness to tech innovation will continue even after the pandemic. Retail Watch currently focuses on center shelves, where packaged goods are usually stocked, but will expand into categories like fresh food and produce.

Retail 186
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LG announces the first 50 participants in its LG Nova program

TechCrunch

Artificial intelligence-powered remote patient monitoring wearable technology. Bigthinx – AI technology focused on fashion retail, wellness and the metaverse with products for body scanning, digital avatars and virtual fashion. Somatix, Inc. TRIPP, Inc. The Metaverse. Energizing Mobility.

3D 221
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Digital twins are primed to revolutionize the infrastructure industry

CIO

Elaborating on some points from my previous post on building innovation ecosystems, here’s a look at how digital twins , which serve as a bridge between the physical and digital domains, rely on historical and real-time data, as well as machine learning models, to provide a virtual representation of physical objects, processes, and systems.

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Meet Seoul-based accelerator SparkLabs’ 19th batch of startups 

TechCrunch

Vetflux : A telehealth veterinary platform that provides an artificial intelligence-based chatbot for vet clinics and pet owners. Gyverse : Gyverse develops a fridge for dry-aged meat using IoT and AI. Here’s the list of nine companies in the most recent cohort at SparkLabs. The 19th cohort ends with a demo day on November 3. .

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CIO 100 Award winners prove the transformative value of IT

CIO

They turned to artificial intelligence to help. In partnership with OpenAI and Microsoft, CarMax worked to develop, test, and iterate GPT-3 natural language models aimed at achieving those results. That not only improves the customer experience but increases worker efficiency.