article thumbnail

Leaning into Retail’s Challenges with Digital Transformation

CIO

Digital transformation initiatives have picked up in the retail sector in recent years as store chains compete for brand awareness and sales in a rapidly evolving market. By 2026, retailers’ global investments in digital transformation tools are expected to reach $388 billion , growing by 18% a year. And online ordering accelerated.

Retail 869
article thumbnail

Bots and beyond: How the AI revolution is shifting the paradigm for customer experience in smart banking

CIO

Creating a first-rate, secure digital customer experience is a top goal for leaders across the financial services spectrum, from retail banking to commercial lending, investment banking, and wealth management. One quick win, Nilendu says, is digitizing as many paper processes as possible.

Banking 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

AI Technology is Essential for Online Fraud Prevention

Smart Data Collective

One particular scam called fraudulent Buy Online Return In-Store (BORIS) is thought to have cost retailers a staggering $1.6 This dedicated squad operates entirely in the online world, building algorithms that make online purchases safe and limited the losses that can come through fraud. billion last year. Making Use of Big Data.

article thumbnail

5 ways to maximize your cloud investment

CIO

For example, retail sites typically have times when very few people shop. For example, if a cloud vendor hosts a data lake that requires operational technology data to synchronize and feed back into a decision algorithm on the production line, we measure latency. But for other tools where latency isn’t critical, we don’t measure it.”

article thumbnail

Engage3 Continues Expansion, Now Supports 8 of the Top 10 Retailers in the World

Engage3

Magazine’s List of Fastest Growing Companies: 7 Years in a Row Retailers Expanding with Engage3’s Price Image Management Suite: Festival Foods Pairs AI-Powered Price Optimization With Omnichannel Competitive Intelligence “Pricing remains the most powerful lever on the P&L,” said Edris Bemanian, CEO of Engage3.

Retail 52
article thumbnail

Leading Retailers Renew Engage3’s Price Image Management Suite For Continued Revenue Growth and Margin Expansion

Engage3

Over 350 customers including 7 of the world’s top 10 retailers rely on Engage3’s Price Image Management (PIM) suite for strategic competitive pricing insights. About Engage3 Powered by Dexi Price optimization pioneers Ken and Tim Ouimet created Engage3 to revolutionize how brands and retailers engage with their shoppers.

Retail 75
article thumbnail

Convenience Retail

Engage3

8 of the Top 10 Convenience Retailers Trust Engage3 to Fuel their Pricing Strategy. Real-time localized competitive intelligence data and Price Image Optimization Engine help Convenience Retailers drive incremental trips, accelerate revenue growth and maximize margin. The post Convenience Retail appeared first on Engage3.

Retail 52