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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. With 5G-enabled smart mirrors, a person can virtually try on apparel.

Retail 263
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Walmart acquires virtual clothing try-on startup Zeekit

TechCrunch

Retail giant Walmart announced this morning it’s acquiring the Tel Aviv-based startup Zeekit , which allows consumers to virtually “try on” clothing when shopping online. The goal is to provide a similar experience to trying on clothing when shopping online as you would otherwise have had when in a retail store.

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Virtual dressing room startup Revery.ai applying computer vision to the fashion industry

TechCrunch

is developing a tool that leverages computer vision and artificial intelligence to create a better online dressing room experience. million seed round to help it grow faster and appear more mature to large retailers. of fashion retail sales in 2020, and the market’s value is expected to reach $100 billion this year.

Fashion 248
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Google Cloud launches new generative AI tools for retailers

Ooda Loop

Google launched several new tools for retailers using generative artificial intelligence to improve online shopping experiences and other retail operations, its cloud business announced in a release Thursday. The virtual agents can […]

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Walmart is acquiring Memomi, an AR startup powering virtual try-on for eyewear

TechCrunch

Walmart is expanding its array of virtual try-on services for shoppers with today’s news that it’s planning to acquire Memomi , an AR optical tech company and current Walmart partner offering virtual try-on experience for eyewear. With the addition of Memomi, the retailer says the interest was both in the tech and the team.

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5 ways AI is showing promise as a decision-maker

CIO

Chatbot conversations and decisions By some estimates, intelligent chatbots can already answer 80% of routine customer questions. Instead of waiting on hold or navigating through phone menus, customers can instantly get answers from a virtual agent that is far more engaging and knowledgeable than past generations of chatbots.

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Will enterprises soon keep their best gen AI use cases under wraps?

CIO

The retail industry has no shortage of cases on display where generative AI has shown tangible benefits. Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change.