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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 613
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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. Organisations that can properly align their data environments stand to gain a significant competitive advantage. The retail industry is a prime example. billion for its own.

Advantage 659
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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 803
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CDOs’ biggest problem? Getting colleagues to understand their role

CIO

This notion that the data is within their power to mine it for business advantage is different. It really drives sustainability and is a growth engine that helps develop a competitive advantage.” Company data can drive its go-to-market strategy, she adds. It’s a new way of thinking.” Those bridges need to be built.”

Advantage 819
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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. Key advantages of big data in retail. Source: Statista.

Retail 313
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Henkel embraces gen AI as enabler and strategic disruptor

CIO

TPM and TPO are key disciplines in the CPG space that involve managing and optimizing all promotional activities conducted with retailers, from discounts to deductions and payments. In the past, Nilles notes that creating a campaign with retailers around a product could take months to hammer out details, like the proper discounts to offer.

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Think you can ignore quantum computing? Think again.

CIO

Given the scalability of PQC, we expect it to feature in our future cryptography landscape, considering our presence in 62 markets around the world.” But even in its current state, the market is already over $1 billion, according to IDC. Opportunities are less immediate than in industries like financial services.

Algorithm 877