Remove Advantage Remove Business Remove Competitive Remove Retail
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 603
article thumbnail

How CIOs Can Transform Data From a Cost to an Advantage

CIO

The CIO has a real ability to achieve a competitive advantage for its business through data. The four steps to data advantage. 1) Match the tech strategy to the business strategy. Organisations that can properly align their data environments stand to gain a significant competitive advantage.

Advantage 650
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. Anatomy of a plan In the realm of business, strategy isn’t what most of us think.

IT 656
article thumbnail

What business executives don’t understand about IT

CIO

At that time, Sears was the world’s largest retailer and it was just beginning to use the new System 360 from IBM. IT was looked upon as a group of techies that performed some unexplainable job that was supposed to revolutionize the business. When I graduated from college, I worked as an assembler language programmer for Sears.

Business 510
article thumbnail

CDOs’ biggest problem? Getting colleagues to understand their role

CIO

In many cases, CDOs focus on business objectives, but in other cases, they have equal business and technology remits, according to the authors. This notion that the data is within their power to mine it for business advantage is different. It’s a new way of thinking.” Those bridges need to be built.”

Advantage 811
article thumbnail

Big Data: The Technology Behind Retailers Success

Smart Data Collective

During the beginning of the pandemic, many businesses went digital, and the retail industry is no exception. Technologies became a crucial part of achieving success in the increasingly competitive market, including big data and analytics. Top technologies helping organisations accomplish business goals. Source: Statista.

Retail 313
article thumbnail

Henkel embraces gen AI as enabler and strategic disruptor

CIO

Today, those efforts are coming to fruition, positioning Henkel among the leading wave of companies adopting generative AI to not only optimize its businesses, but use it as a core building block of its strategic vision for the future. Another key component of Nilles’ plan for Henkel has been to build strong strategic partnerships.