article thumbnail

To gain advantage, IT leaders should turn competitors into collaborators

CIO

In financial services, retail banks moved more services online, but also expanded their scope, becoming financial advisors to their clients, and helping them with financial wellness. As barriers got torn down, companies began to target ambitious revenue growth in these emerging areas, and similar trends emerged in other industries.

Advantage 609
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
Insiders

Sign Up for our Newsletter

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

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. Organisations that can properly align their data environments stand to gain a significant competitive advantage. The retail industry is a prime example. Data Center Management

Advantage 662
article thumbnail

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 590
article thumbnail

Crucial Advantages of Investing in Big Data Management Solutions

Smart Data Collective

Businesses are having a difficult time managing this growing array of data, so they need new data management tools. Data management is a growing field, and it’s essential for any business to have a data management solution in place. Big data management increases the reliability of your data.

Advantage 262
article thumbnail

Big Data Proves Invaluable to Retail Supply Chain Management

Smart Data Collective

Retailers are struggling to keep up with a growing demand for online purchases. As such, retailers have an even tougher job of keeping on top of supply and demand. Using big data and analytics, retailers can more easily optimize their supply chains. Manage Deliveries in Real-Time. Better Order Picking Times.

Retail 278
article thumbnail

SAP, IBM Consulting partner to offer genAI-based services

CIO

RISE with SAP is the enterprise resource planning (ERP) software provider’s managed offering that helps enterprises move their on-premises ERP operations to the cloud. The partnership, announced on Wednesday, will see both companies offer generative AI-based services via RISE with SAP offering , the companies said in a statement.

Retail 697