“In 2019, we’ll see more organizations move to glass box AI, which exposes the connections that the technology makes between various data points. For instance, glass box AI not only tells you there is a new retail opportunity, it also uncovers how that opportunity was identified in the data. It also provides retailers with an…
Tag: retail
New solution helps physical stores function more like websites
“’Retailers have been in need to make their brick-and-mortar stores function more like websites; connecting touch-points across channels by gathering, interpreting and translating omnichannel analytics into real-world solutions on the sales floor,’ said Oded Edelman, chief digital innovation advisor at Signet Jewelers and president of JamesAllen.com. “We quickly recognized how Mystore-E can help close this…
Amazon and aieCommerce to impact 7M jobs and 25% of malls (Dr. Tu-Lam Pham)
Overview: How to compete with Amazon Win through direct to consumer model: Casper Mattress, Warby Parker glasses Keys: 1) Good Value 2) Easy Returns 3) Utilize data – “Data is the new oil” 4) Simple Marketing – Mobile First, Social, Content; “Don’t buy media, create media” 5) Adopt New Tech Early – Messaging apps are…
Walmart Plans To Launch AI-Based Lab In Its Store
“US-based retail corporation Walmart is reportedly planning to launch an artificial intelligence (AI) -based lab which they are calling an Intelligent Retail Lab inside one of its stores in Levittown, New York. The company plans on using AI to help it identify when stocks are running low so that it can replenish it. The company is also…
Forbes: The Impact Of 3,000 Amazon ‘Go’ Stores Will Be Massive
“Several days ago, Bloomberg reported that Amazon is considering opening up 3,000 Amazon Go convenience stores by 2021. If you’re not familiar with Amazon Go, here’s how it works: you download an app to your smartphone, hold the app over a scanner when you enter the Amazon Go store and that’s it — anything you…