Retail fraud in the UK is an ever-growing problem, with costs to businesses skyrocketing to a staggering £7.9 billion. Monica Eaton of Chargebacks911 highlights the extensive damage these fraudulent activities cause, not only through traditional theft but also via more sophisticated methods like
The retail sector is grappling with the alarming rise of payment fraud, which has inflicted substantial financial damage. A study by Adyen and the Centre for Economic and Business Research reports losses exceeding $429 million in 2023 due to fraudulent activities. Luxury and health and beauty
The current state of the retail industry has been significantly impacted by customer returns, reaching an unprecedented $743 billion per year, according to a report by the National Retail Federation and Appriss Retail. This figure represents a staggering 14.5% of total sales, deeply affecting
The market for chat automation is undergoing an exciting evolution thanks to AI-driven developments shaping how businesses interact with customers. This realm, rich with chatbots, automation utilities, and conversational AI, is proving indispensable in various fields including retail and
In India's booming ecommerce sphere, AI remains at the forefront, transforming how online businesses interact with customers. Its integration has ushered in a new era of customized shopping experiences, where AI analyzes consumer behavior to offer targeted recommendations, enhancing overall
In the evolving landscape of marketing, Generative AI (GenAI) is revolutionizing how brands engage with consumers. This advanced technology allows for an unparalleled level of customization in content creation, targeting individuals with precise messaging that resonates on a personal level.
