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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?

Retail 605
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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. They’re in the software business, and they compete on user experience.

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The business value of social sustainability

CIO

Social sustainability is good for business. It can help to unlock new markets, attract and retain customers, build trust and credibility, and spark innovation. The United Nations defines social sustainability as, “Identifying and managing business impacts, both positive and negative, on people.” The benefits are clear.

Business 636
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SAP, IBM Consulting partner to offer genAI-based services

CIO

Earlier in May last year, SAP partnered with IBM to infuse the latter’s Watson AI engine across its solutions portfolio, including SAP S/4 HANA , S/4 HANA Cloud, SAP Business One, and SAP Business ByDesign. In order to onboard enterprises, the companies have devised a value-generation initiative.

Retail 685
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Henkel embraces gen AI as enabler and strategic disruptor

CIO

To achieve its vision, Henkel laid down a five-year strategic roadmap that involved reshuffling the IT organization, creating a new digital unit, consolidating CIO and CDO venture activities under one roof, and building global innovation centers in hubs like Berlin, Shanghai, Bangalore, and the US.

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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 516
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The New Way Companies are Harnessing Data at the Edge for Value Added in Real-Time

CIO

Imagine a factory or a chain of retailers reducing energy and cutting equipment downtime. They are playing out across industries with the help of edge computing, Internet of Things (IoT) devices and an innovative approach known as Business Outcomes-as-a-Service. [1] These scenarios are not imaginary.

Retail 793