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For Global Success, Think Like a Local

CIO

Every aspect of retail has been disrupted, from the way shoppers research purchases to the methods they use to pay. However, despite the powerful forces of globalization, significant local differences exist. . The old saying ‘retail is detail’ is as relevant now as ever. We live in a highly connected world. Cybersource.

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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 589
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The fast track to intelligent retail modernization with TCS and Microsoft Cloud

CIO

Retail organizations face an urgent need to accelerate digital transformation efforts in response to economic insecurity, persistent inflation, and growing consumer price sensitivity. With cloud adoption, retailers have been successful and with emerging artificial intelligence (AI) capabilities on cloud, they can break the barriers.

Retail 557
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Nvidia offers retail loss prevention software to accelerate accelerator chip sales

CIO

GPU manufacturer Nvidia is expanding its enterprise software offering with three new AI workflows for retailers it hopes will also drive sales of its hardware accelerators. The workflows are built on Nvidia’s existing AI technology platform. The first non-Amazon supermarket to use the company’s technology opened in Kansas City in December.

Retail 473
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Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

Data analytics technology has helped retail companies optimize their business models in a number of ways. Data Analyst Solomon Nyamson wrote an article on Linkedin pointing out that predictive analytics tools like Sarima have made it easier than ever to forecast retail sales due to seasonal changes. Inventory management is also key.

Retail 292
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Amazon downsizes AWS in a fresh cost-cutting round

CIO

The layoffs will affect AWS’ sales, marketing, and brick-and-mortar technology development teams. However, the company faces intense competition in the cloud computing market, particularly from Microsoft, which has emerged as a formidable rival. Google also saw an increase in its market share.

Retail 689
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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 768