Cognitive Revolution - Generative Artificial Intelligence (AI) Meets Retail

Cognitive Revolution - Generative Artificial Intelligence (AI) Meets Retail

Summary

The retail sector is at the cusp of an extraordinary transformation, spurred by the integration of generative AI technology. This evolution is set to redefine customer experiences and streamline supply chain mechanisms. GlobalData's latest Innovation Radar report, Cognitive Revolution: Generative AI Meets Retail, delves into the vast realm of opportunities that generative AI brings to retail, spanning from enhancing customer interaction, efficient inventory management to personalized marketing techniques. While hurdles like data privacy and content quality exist, they are failing to hinder the breakneck pace of this technological advancement in the retail world.

Innovations: presents real-world innovation examples related to the generative AI use cases in the retail sector. It casts light on how retail sector players are utilizing generative AI technology across key sector-specific application areas.

Scope

• Innovation Insights: innovation examples by generative AI use cases in the retail sector to present key trends.

Reasons to Buy

• No surprise that technology has been a driving force in business transformation for years, but the term ‘emerging technologies’ has all of a sudden become the key catalyst to drive the next wave of innovation across sectors.
• The sense of urgency weighs differently across different sectors, where the direct customer-facing sectors are at the forefront compared to other capital-intensive sectors. Companies in one sector can take cues from successful innovations in other sectors to either draw analogies with existing products, services, and processes or transfer strategic approaches for a revolutionary transformation.
• Against this backdrop, enterprises need to understand which emerging technologies are impacting their sector and how various companies are implementing them to meet various challenges.
• The innovation landscape report on retail innovations in generative AI, published by GlobalData as part of an ongoing series, covers some real-world examples to advance the development and implementation of the technology by some of the key enterprises in the retail sector.