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The fast track to intelligent retail modernization with TCS and Microsoft Cloud

CIO

With cloud adoption, retailers have been successful and with emerging artificial intelligence (AI) capabilities on cloud, they can break the barriers. IT leaders are prioritizing models that are more agile, efficient, and intelligent, allowing them to respond to market changes quickly.

Retail 235
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TryNow raises $12M to bring try-before-you-buy, Prime Wardrobe as a service to online retailers

TechCrunch

TryNow — which provides technology to online retailers that use Shopify Plus to let their customers receive and try out apparel, return what they don’t want and pay only for what they keep — has raised $12 million, funding that it will be using to continue expanding its business.

Retail 253
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Stop guessing your KPIs; Varos shows e-commerce, SaaS companies how you compare to peers

TechCrunch

If your customer acquisition cost spikes, it could be a market trend. Users get a dashboard where they can compare to, for example, an apparel company spending $100,000 a month on digital marketing with average order values of a certain amount and get a graph of how that has moved over time. On the other side are the trends.

Company 285
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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

Fast checkout, personalized recommendations, or instant access to customer care at any time are a few services that can be implemented with the help of artificial intelligence. X-Mart visitors can choose from a wide range of items, including beauty products and fast-moving consumer goods, as well as fashion and apparel.

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Lily AI lands new capital to help retailers match customers with products

TechCrunch

Meta has also experimented with apparel attribute prediction for Facebook Marketplace, two years ago showcasing a system that could extract clothing attributes and fashion styles from photos of models on Instagram and Flickr. .

Retail 226
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How is AI Used in Retail Business?

Exadel

Shopping is rapidly moving in a more intelligent and customer-oriented direction: retailers strive to provide ever-enticing and personalized offers to keep ahead of the competition.The pandemic played its part as well — as businesses were forced to find innovative ways to offer goods and services without a physical presence.

Retail 52
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Voila raises $6M for its A.I.-powered storefronts for online creators

TechCrunch

Voila , a startup building infrastructure for social commerce, is bringing concepts from China’s e-commerce market to the U.S. To train its model, Voila crawled around 50 million fashion and style photos and learned north of 300 different attributes that relate to apparel items. Image Credits: Voila.