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 617
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 662
Insiders

Sign Up for our Newsletter

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

article thumbnail

The business value of social sustainability

CIO

Social sustainability is good for business. The United Nations defines social sustainability as, “Identifying and managing business impacts, both positive and negative, on people.” trillion, underscores the financial advantages of prioritizing social sustainability. That’s an average of $710 million in revenue per company.

Business 660
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 620
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. Big data in retail help companies understand their customers better and provide them with more personalized offers. 33% respondents of Statista’s survey indicated that big data is essential to their business success.

Retail 307
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.

article thumbnail

The impact of AI on edge computing

CIO

IDC forecast shows that enterprise spending (which includes GenAI software, as well as related infrastructure hardware and IT/business services), is expected to more than double in 2024 and reach $151.1 Retail stores and smart homes can use AI at the edge technology to personalize user experiences. Personalization.

Retail 615