Robots Take Retail

    • “Walmart is building its robot army as well, and according to this ABI Research release, the company deployed 350 systems for inventory management across its stores in 2019 alone. That’s an average of roughly one robot for each store.
    • By 2025, more than 150,000 mobile robots will be deployed in brick-and-mortar retail establishments, according to an estimation by ABI Research.
    • If installed in all of Amazon’s 55 US fulfillment centers, they could replace more than 1,300 employees
    • And the study found that 64 percent of employees surveyed said they trust a robot more than their manager, with half turning to a robot instead of a supervisor for advice”

    https://www.google.com/amp/s/www.forbes.com/sites/gregpetro/2020/01/10/robots-take-retail/amp/

    Retailers Are Getting Smarter About Artificial Intelligence

    “But the team at Mystore-E believes they can solve that problem, with an AI tool called Tore-E that is specifically designed for retail environments. ‘Mystore-E cares deeply about the future of … shopping,’ said CEO Asaf Shapira. “Our goal is to create a personalized shopping experience that benefits retail stores, while also catering to customers’ wants, needs and style preferences.'”

    https://www.google.com/amp/s/www.pymnts.com/news/retail/2019/retailers-getting-smarter-about-artificial-intelligence/amp/


    MyStore-E

    https://mystore-e.com

    Three Ways AI will Drive Growth at Retail Banks

    “In the retail banking tech circles, artificial intelligence (AI) is one of the hottest topics for discussions. Barely a conversation with a CTO, CIO, or CMO occurs these days without mentioning the potential benefits of AI in the banking industry. And for good reason. The benefits AI can produce is staggering. 

    1.    Accelerate customer acquisition rate

    2. Leverage AI-powered selling for added revenue generation 

    3. Drive the share of wallet with increased customer activities”

    http://m.bankingexchange.com/news-feed/item/7917-three-ways-ai-will-drive-growth-at-retail-banks?Itemid=423

    50 Retail Innovation Stats That Prove The Power Of Customer Experience – Forbes

    Let me begin by acknowledging that I’m a full-fledged data geek. With that in mind, these are my favorite articles. Forbes has just published a consolidated list of 50 Retail/CX stats. Plus, the data is from top-tier sources. This is literally gold when it comes to developing a business case for capital funding.

    Check out the Forbes site for the full list, but here are a few of my favorites:

    • “In 2018, 51% of e-commerce brands offered same-day delivery, up from 16% in 2017. Experts predict that within the next two years, 65% of retailers will offer same-day delivery. – BRP Consulting
    • 87% of consumers begin their shopping journey with digital, a jump from 71% in 2017. – Salesforce
    • 48% of shoppers have left a brand’s website and made a purchase from a competitor because of a poorly personalized experience. – Marketing Dive
    • 87% of customers will abandon their online carts if the checkout process is too difficult. – PRWeb
    • 82% of consumers consult their phones while they’re in a store deciding what product to buy. One in 10 of those people end up buying a different product than they had planned. – Think With Google
    • By 2020, more than 40% of data analytics projects will relate to customer experience. – Gartner”

    https://www.google.com/amp/s/www.forbes.com/sites/blakemorgan/2019/05/21/50-retail-innovation-stats-power-customer-experience/amp/