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? Caton : CarMax reviews millions of vehicles.

article thumbnail

How to incubate a winning innovation program

CIO

When leaders consider how technology has enabled the transformation of business models over the past several years, few would disagree that the world has changed dramatically. Retail, entertainment, music, and banking have largely moved online. Businesses must remain ever-ready to innovate as an aspect of their routine operations.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Retail investors or guinea pigs?

TechCrunch

There is a paradox when it comes to retail investors: Many startup-related deals are out of their reach (in part for their own sake). I have nothing against innovation, even when it comes to fundraising. Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. Want it in your inbox every Saturday? Sign up here.

Retail 234
article thumbnail

Amazon downsizes AWS in a fresh cost-cutting round

CIO

The layoffs will affect AWS’ sales, marketing, and brick-and-mortar technology development teams. Rethinking physical retail strategy On Tuesday, AWS also downsized its team responsible for developing technology for Amazon’s physical retail stores. Amazon Web Services, Technology Industry

AWS 279
article thumbnail

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.

article thumbnail

How e-commerce companies can brave the new retail environment

TechCrunch

Simon is a partner with Cathay Innovation , a global venture capital firm investing across North America, Europe, Asia and Africa. While these factors are largely out of retailers’ control, we’re seeing a few emerging companies that have adapted by entrenching with existing customers and building their organic brand. Contributor.

Retail 231
article thumbnail

Analytics operating system Redbird makes data more accessible to non-technical users

TechCrunch

Almost every team in their business needs access to analytics and other information that can be gleaned from their data warehouses, but only a few have technical backgrounds. It is also hard for non-technical users to adopt, a problem that Redbird was created to solve. Data engineers have a big problem.