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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 583
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How to incubate a winning innovation program

CIO

Retail, entertainment, music, and banking have largely moved online. Tesla, Uber, and many other stories of business innovation have this in common: Their business models have technology at their cores. Tesla, Uber, and many other stories of business innovation have this in common: Their business models have technology at their cores.

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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.

Biotech 760
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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 463
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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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The impact of AI on edge computing

CIO

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. The edge advantage AI and edge computing are converging to create transformative solutions. Personalization. billion in 2027.

Retail 569
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Think you can ignore quantum computing? Think again.

CIO

Jeff Wong, global chief innovation officer at EY, says even if they’re not yet required to make a change, CIOs can already start planning NIST-approved algorithms into their cybersecurity upgrades. CIOs can also ensure they assign somebody to lead in the transition, and that they have the funding and expert staff they need.

Algorithm 869