“Artificial intelligence will again change the way we shop, according to EY’s FutureConsumer.Now research. As A.I. bots develop, consumers will be able to outsource the type of shopping which doesn’t excite them. Shoppers will no longer have to dedicate their time to repetitive purchases s Experimenting with other new technologies will also attract higher footfall:…
Tag: retailers
Retail and Banking Lead in Global AI Spending, According to Report
“The retail category as a whole will spend $5.9 billion this year on tools like automated customer service agents and product recommendation generators, while the banking sector is set to put $5.6 billion toward more security-oriented AI uses like fraud prevention and threat intelligence, according to the report. Total spending from businesses on AI is…
South by Southwest isn’t just big for tech, film and music. Retailers make a splash at SXSW
Photo by Gary Miller “In between the glamour and geeks, companies like Walmart, Macy’s, Nordstrom and Kohl’s are sending execs to Austin to tout new technologies and how they’re keeping up with the changing retail landscape. In addition, some retailers that started out and still mostly sell online will be at this year’s SXSW, which…
56% of UK retail still do not use AI
“A new research report by Microsoft shows that 56 percent of retail companies in the United Kingdom still not use AI, while for example, 44 percent of financial service providers and 40 percent of manufacturers don’t either. “Clearly, for the sector to thrive in the future, the speed of change must increase”, Microsoft warns. Interestingly, another recent study,…
Retailers & AI – CSA
Study: More than half of retailers ready for AI “In a move to step up their customer experiences, more retailers are embracing artificial intelligence (AI). This was according to the third quarterly ‘2017 E-commerce Performance Index,’ a report from SLI Systems. 54% of companies reported they are using or plan to add AI in the…