Generative AI is revolutionizing numerous sectors, and retail is no exception. Its applications in this field range from refining the online shopping experience to personalizing products and much more, impacting both physical and online retail. This transformation aims to enhance customer
In 2024, the retail industry found itself at the cusp of transformation with the introduction of AI shopping assistants by ecommerce giants like Amazon and Walmart. These sophisticated tools, powered by generative AI, were designed to streamline the online shopping experience, enhance customer
Best Buy, renowned for its consumer electronics and technology products, has announced its latest venture to integrate generative AI technologies. Partnering with industry giants, Google Cloud and Accenture, the company aims to launch an AI-powered virtual assistant designed to revolutionize
As artificial intelligence continues to revolutionize various sectors, one significant challenge remains: the opacity and complexity of generative AI (GenAI) models. This 'black box' nature of GenAI poses substantial risks and vulnerabilities for companies that rely heavily on these
In 2024, the global retail industry is undergoing a significant transformation driven by technological advancements. Major retailers are investing heavily in digital tools to enhance customer experience, streamline operations, and maintain a competitive edge. As the retail landscape continues to
In the fast-paced world of retail, merchandisers are constantly inundated with massive amounts of data. Historically, decisions were made on intuition and limited data points. Today, they have access to an extensive array of data sources — from real-time sales to customer behavior analytics. Yet, t
