Technology

CEOs and CFOs, Listen Up: Here’s How to Jump-Start Your AI Journey
May 14, 2024 at 11:07 am

The tides have turned for artificial intelligence in retail, and the stakes are growing: retailers know they must embrace AI or be left behind. As a result, I talk to dozens of C-level retail executives every week about how to best incorporate AI into their business strategy. CEOs and CFOs face heightened interest from their boards of…

Solving the Challenges of All-AI E-Commerce Search With a Hybrid Approach
May 13, 2024 at 12:59 pm

Once the purview of science fiction, artificial intelligence (AI) has now permeated our everyday lives — from the home devices that recommend songs for our playlists, to the apps we use to monitor commuter traffic, to the chatbots that pop up to ask if we need any help. Unbeknownst to many consumers, AI has become…

Could AI Be Your Next Stylist? Consumers Are Ready
May 9, 2024 at 3:25 pm

Keeping up with nanosecond social media trends is a never-ending challenge for retail brands and shoppers. In addition to responding to these fast-paced microtrends, merchandisers face increased pressure to incorporate cutting-edge personalization techniques that drive authentic shopping experiences and cultivate brand loyalty. So, what’s the answer to remaining innovative and on-trend in 2024? According to…

CTOs at the Helm: Steering Retail Into the AI Future
May 9, 2024 at 12:32 pm

As the retail industry has increasingly shifted to digital technology, transitioning from traditional brick-and-mortar stores to online platforms, consumers have changed both where and how they shop. Augmented reality apps allow customers to visualize products in their homes before purchasing, and retailers use artificial intelligence-driven recommendations to tailor suggestions to individual tastes. The integration of…

What Small Business Owners Aren’t Considering (But Need to!) When it Comes to Generative AI
May 8, 2024 at 6:40 pm

Small business owners increasingly use advanced generative artificial intelligence tools to enhance digital marketing strategies and maintain a competitive edge. iStock’s VisualGPS research reveals that 42 percent of SMBs and SMEs already leverage AI-generated content to strengthen their online presence, highlighting a growing recognition of AI's potential for e-commerce success. Learning about the data that…

AI Accelerates Data Analysis and Decision Making for Retail Brands
May 7, 2024 at 10:07 am

Retail operations have traditionally been plagued by outdated processes and use of paper-based logbooks, setting retail brands back in terms of productivity and performance. Nowadays, the emergence of digitization, including the use of artificial intelligence to accelerate data analysis and decision making, is automating those traditionally tedious retail processes, enhancing visibility and lowering costs for…

AI on Aisle 5: Transforming Retail Operations and Experiences With Smart Technology
May 6, 2024 at 12:35 pm

The retail industry has embarked on a transformative shift driven by the rise of generative artificial intelligence. While still in its early stages, this disruptive technology promises to revolutionize how retailers operate, from enhancing data quality and decision making to delivering highly personalized shopping experiences at an unprecedented scale. The recent efforts from Microsoft to…

Ikea to Provide AI Literacy Training to 3,500 Employees
April 24, 2024 at 12:36 pm

Ikea announced earlier this month that it will be providing 3,000 staff and 500 leaders artificial intelligence (AI) literacy training in an effort to embed the technology across its organization and embrace the "future of technology and humanity," the company said in a news release. The courses offered include AI Fundamentals, Responsible AI, and Mastering…

Making AI Really Work for Retail
April 24, 2024 at 11:49 am

Like every industry, retail is experiencing an artificial intelligence boom — and like other industries that operate with such small profit margins, any competitive edge is not only welcome but necessary to survive. AI offers benefits in five key areas for retailers: personalization, visual search, virtual reality (VR) and augmented reality (AR), predictive analytics, and…

The Unseen Ethical Considerations in AI Practices: A Guide for the CEO
April 23, 2024 at 4:28 pm

Adoption of artificial intelligence (AI) is only accelerating among global corporate enterprises, thus CEOs and business leaders are positioned at the confluence of innovation and ethics as it relates to implementing AI projects within their businesses. While technical prowess and business potential are usually the focus of conversations around AI, the ethical considerations are sometimes…