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- Heres how artificial intelligence can benefit the retail sector
Retail businesses need to prioritize profit and productivity to remain competitive in today's global market It’s necessary to act quickly and effectively to ensure success and to stay ahead of competitors Artificial intelligence (AI) can provide support for retail operations, increasing profits and optimizing business processes
- How telecoms can thrive in the age of generative AI
AI can help reduce costs through automation, drive business growth with hyper-personalized marketing and improve customer satisfaction with AI-powered chatbots and service assistants To remain competitive, telecoms must transition into “techcos” – highly automated, AI-driven organizations offering services beyond connectivity
- Meet the AI agents defining the new customer experience
For one consumer, it might mean AI offering a list of curated products that meet their specific needs For another, it’s a virtual haggler, the ultimate price-shopping tool that saves them from making a price comparison spreadsheet Still others want AI to show them the best way to cut the line and get a speedy delivery
- AI: These are the biggest risks to businesses and how to manage them
What makes AI a serious risk is its “opaque inner workings” No one, the report says, fully understands how AI content is created This increases the risks highlighted by the CROs of inadvertent sharing of personal data and bias in decision-making based on AI algorithms
- The current state of AI, according to Stanfords AI Index | World . . .
While overall AI private investment decreased in 2023, funding for generative AI sharply increased The sector attracted $25 2 billion last year, nearly nine times the investment of 2022 and about 30 times the amount in 2019 Generative AI accounted for over a quarter of all AI-related private investment in 2023
- 2024 Global Retail Investor Outlook | World Economic Forum
The 2024 Global Retail Investor Outlook, conducted in collaboration with Robinhood Markets and Boston Consulting Group, surveyed 13,000 individuals across 13 global markets, including Australia, Brazil, China, France, Germany, India, Ireland, Japan, Singapore, South Africa, United Arab Emirates, the United Kingdom and the United States
- 4 ways AI is streamlining Indian banking | World Economic Forum
For wealthy customers, banks can use generative AI to analyze data on companies, summarize financial reports, analyze a customer’s portfolio, and make investment recommendations based on the individual’s risk appetite, financial goals, etc Banks will be able to leverage AI to create portfolios for retail investors who are looking for safer
- Why are more retailers using robots? - The World Economic Forum
The retail sector has been making ground in the adoption of automation with the use of self checkouts in stores, and robots and AI in supply chains This is largely due to rising costs and wages, tight labour markets and reduced consumer spending, industry experts say
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