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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 221
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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?

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

CIO

Retail organizations face an urgent need to accelerate digital transformation efforts in response to economic insecurity, persistent inflation, and growing consumer price sensitivity. With cloud adoption, retailers have been successful and with emerging artificial intelligence (AI) capabilities on cloud, they can break the barriers.

Retail 204
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AiFi adds new funding into its cart to expand autonomous retail footprint

TechCrunch

including Atlanta’s Nourish + Bloom Market that opened in January. The latest company with an injection of VC is AiFi , which enables retailers to deploy and scale autonomous shopping cost-effectively. AiFi emerges from stealth with its own take on cashier-free retail, similar to Amazon Go.

Retail 215
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Particular Audience takes in $7.5M to give retailers way to take on Amazon

TechCrunch

Being in control of customer data is one of the ways retailers, like Amazon, Spotify and Netflix, are able to tap into consumer behavior and create customized experiences whenever a user logs in. Particular Audience provides product discovery tools for retailers that are powered by artificial intelligence and machine learning.

Retail 206
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Nvidia offers retail loss prevention software to accelerate accelerator chip sales

CIO

GPU manufacturer Nvidia is expanding its enterprise software offering with three new AI workflows for retailers it hopes will also drive sales of its hardware accelerators. The workflows are built on Nvidia’s existing AI technology platform. The first non-Amazon supermarket to use the company’s technology opened in Kansas City in December.

Retail 189
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Applications of Artificial Intelligence (AI) in business

Hacker Earth Developers Blog

Businesses that use Artificial Intelligence (AI) and related technology to reveal new insights “will steal $1.2 e.g. financial market trading, purchase prediction, fraud prevention, drug creation, medical diagnosis, media recommendation. trillion per annum from their less informed peers by 2020.” predicts Forrester Research.