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?

Retail 589
article thumbnail

Physical experience, digital convenience: The future of retail

CIO

The future of retail is “phygital,” as every retail and ecommerce publication on the internet is screaming right now. If you’ve never heard the term before, it’s a portmanteau of “physical” and “digital” – and represents the merging of the two forms of retail and shopping. How do they do that? With data of course.

Retail 472
Insiders

Sign Up for our Newsletter

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

article thumbnail

What most CIOs get wrong about strategic IT plans

CIO

It’s because any Martian business will enjoy an insurmountable advantage: With a 687 earth-days long year, Martian enterprises will go through about half the number of budgeting cycles their terrestrial competitors do. To be clear, we’re talking about Amazon the retailer, not AWS.) Wonder why Elon Musk wants to land people on Mars?

IT 635
article thumbnail

CDOs’ biggest problem? Getting colleagues to understand their role

CIO

One possible definition of the CDO is the organization’s leader responsible for data governance and use, including data analysis , mining , and processing. This notion that the data is within their power to mine it for business advantage is different. Davenport, Randy Bean, and Richard Wang. It’s a new way of thinking.”

Advantage 800
article thumbnail

The impact of AI on edge computing

CIO

When AI is brought to the edge the analysis of sensor data from industrial machinery can predict failures or maintenance needs. Retail stores and smart homes can use AI at the edge technology to personalize user experiences. You can learn about more use cases that are finally in the realm of possibility within retail here.

Retail 621
article thumbnail

Crucial Advantages of Investing in Big Data Management Solutions

Smart Data Collective

In this blog post, we’ll explore some of the advantages of using a big data management solution for your business: Big data can improve your business decision-making. This type of analysis helps you make better business decisions based on trends and patterns. Conclusion.

Advantage 265
article thumbnail

Big Data Proves Invaluable to Retail Supply Chain Management

Smart Data Collective

Retailers are struggling to keep up with a growing demand for online purchases. As such, retailers have an even tougher job of keeping on top of supply and demand. Using big data and analytics, retailers can more easily optimize their supply chains. Another vital component of many retail businesses is picking and packing orders.

Retail 278