article thumbnail

Henkel embraces gen AI as enabler and strategic disruptor

CIO

TPM and TPO are key disciplines in the CPG space that involve managing and optimizing all promotional activities conducted with retailers, from discounts to deductions and payments. However, at the same time, SAP was working on a new feature for the SAP Analytics Cloud: Just Ask, which applies gen AI to search-driven analytics.

article thumbnail

Software vendors offer AI sales boost for retail at NRF show

CIO

As they take stock after the year-end frenzy of shopping the holiday season always brings, retail CIOs attending the National Retail Federation’s annual show, NRF 2024, may be wondering how they can improve their IT systems’ performance over the next 12 months. year on year in the first 11 months of 2023, AI or no AI.

Retail 263
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 ways Generative AI is transforming the retail industry

CIO

Generative artificial intelligence (GenAI) tools such as Azure OpenAI have been drawing attention in recent months, and there is widespread consensus that these technologies can significantly transform the retail industry. How can Generative AI speed innovation in retail?

article thumbnail

What is predictive analytics? Transforming data into future insights

CIO

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. from 2022 to 2028.

Analytics 363
article thumbnail

5 ways AI is showing promise as a decision-maker

CIO

Now they’re eyeing a next-phase opportunity—relying on machine intelligence to handle complex decisions. “If Outcomes are fed back into machine learning models to improve prediction accuracy continually. Artificial Intelligence AI makes this capability available to any business.

article thumbnail

The power players of retail transformation: IoT, 5G, and AI/ML on Microsoft Cloud

CIO

Thanks to cloud, Internet of Things (IoT), and 5G technologies, every link in the retail supply chain is becoming more tightly integrated. Shanthakumar, Solution Architect – IoT, Retail Business Unit, TCS. Sensors and other IoT devices track inventory and ensure that products are safe and secure.

Retail 263
article thumbnail

Artificial intelligence and machine learning adoption in European enterprise

O'Reilly Media - Ideas

In a recent survey , we explored how companies were adjusting to the growing importance of machine learning and analytics, while also preparing for the explosion in the number of data sources. Machine Learning model lifecycle management. Deep Learning. Text and Language processing and analysis.