The retail sector is undergoing a seismic shift, driven by the transformative capabilities of Internet of Things (IoT) technology. According to a report by Insight – Ace Analytic, the IoT retail market, valued at $57.8 billion in 2023, is anticipated to skyrocket to $464.9 billion by 2031, boasting
The advent of automation in retail has reached a groundbreaking milestone with the unveiling of AI robots by the Japanese company Telexistence. Dubbed the "Model T," these robots are poised to revolutionize retail operations by enhancing efficiency and addressing significant workforce challenges in
Generative Artificial Intelligence (GenAI) is reshaping the retail landscape on multiple fronts, promising to solve entrenched challenges in customer engagement, inventory management, and personalized marketing. As retailers eye these potential benefits, they must also navigate significant
Colin Huang, the e-commerce magnate and founder of PDD Holdings, has recently ascended to the top position as China’s richest man, according to an analysis conducted by the Bloomberg Billionaires Index. With a net worth of $48.6 billion, Huang has surpassed previous titleholder Zhong Shanshan, head
The automotive retail industry has been undergoing a significant transformation, with increasing digitization in car-buying. This shift has brought convenience for consumers but has also opened new doors for sophisticated fraud, particularly synthetic ID fraud. As dealerships and lenders grapple
In a rapidly evolving retail landscape, ASOS has strategically renewed its partnership with Microsoft, embarking on a three-year venture aimed at driving operational excellence, efficiency, and innovation. This collaboration underscores ASOS’s dedication to leveraging cutting-edge technology to
