Tony D'Onofrio’s Post

Artificial Intelligence (AI) has evolved from just a concept to many into a tangible, essential tool for businesses to improve engagement and optimise efficiency. And retail is predicted to be one of – if not the biggest – industry investor in AI technology moving forward. 

Per our research~ Across retail functions, generative AI (which covers AI technologies that generate entirely new content) could boost productivity in the retail and CPG industries by an estimated 1-2% of global revenues. Thats roughly $400B – $660B each year. #retailtech #genai #cpg #marketresearch

Supply chain professionals are constantly juggling multiple tasks as they navigate real-time supply chain risks and it all comes down to one challenge - "You can't do everything," It's a good idea to incorporate ways that can work for you while you focus on the bigger picture, and AI and machine learning are one of those ways. For B2B commerce, 92% of purchases start with search! where AI has become the standard: 64% acknowledge its critical role in delivering relevant and precise search outcomes. Personalization takes the lead: 70% of retailers affirm that personalization remains a cornerstone of their e-commerce strategy. 💰 61% of retailers achieve revenue goals through search. It's a great time to get started with AI search if you have not already! Contact us on: sales@metalnetworks.ai. . . #ecommerce #MetalNetworks #AISearch #JAQi #MachineLearning #SupplyChainTools #SupplyChain #AI #ArtificialIntelligence

In a new exclusive interview #PwC discusses how #AI can aid personalization efforts:

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐭𝐚𝐢𝐥𝐞𝐫𝐬 𝐄𝐦𝐛𝐫𝐚𝐜𝐞 𝐀𝐈 𝐚𝐧𝐝 𝐌𝐋: 𝐒𝐮𝐫𝐯𝐞𝐲 𝐔𝐧𝐯𝐞𝐢𝐥𝐬 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧𝐬 An insightful article from IndiaTV News unveils a significant trend as 6 out of 10 retailers worldwide reveal plans for AI and ML implementation, based on a recent survey. The piece explores how retailers are harnessing the power of AI and machine learning to enhance customer experiences, optimize operations, and drive business growth. This development prompts discussions on the transformative potential of technology in the retail landscape, highlighting how innovation is reshaping the way consumers engage with brands and products. The insights shared in the article encourage us to explore the ongoing fusion of technology and retail, positioning AI and ML as essential tools for businesses to remain competitive in a rapidly evolving market. 𝐒𝐨𝐮𝐫𝐜𝐞 - https://lnkd.in/gJbQpbX2 #RetailInnovation #TechAdoption #CustomerExperience #AIandML #RetailTransformation

Fascinating read on how #AI tech is making shopping smarter and more intuitive. Check it out 👇

📣 Excited to share my latest report on the future of eCommerce! 🚀 As #AI continues to evolve, it's not just shaping the future of eCommerce, but actively redefining it. The report dives into key areas where AI will revolutionise the industry - from personalised shopping experiences and automated customer service to predictive inventory management and dynamic pricing. This is part 1, I will share part 2 shortly. Like this post? Let me know in the comments or ♻ repost. Like my content and want to learn about AI daily? Hit the 🔔 on my profile. #ai, #ecommerce

To leverage multiple AI Techniques to solve a problem in Retail Industry, Focus on these five areas: 1-   Price, Promotion and Markdown Optimization 2-   In-Store On-Shelf Availability 3-   Personalization 4-   Social Media Monitoring/Sentiment Analysis 5-   Product Sizing and Fit Assistance Then try to get to the right AI Techniques for each area by asking the right question, like: 1. Who are our potentially best and most profitable customers? -- Use machine learning techniques to identify the best customer segments. 2. Among those, who are the customers we can legally sell to? -- Use rule-based systems to code compliance rules and filter identified customer segments. 3. How can we optimize inventories to adapt to fluctuating demand? -- Use optimization techniques to maximize resource allocations and lower costs. #aiapplications #gartner #retail #ai

Retail Revolution: Unleashing AI's Power for Marketing Analytics Think traditional retail marketing analytics are holding you back? Think again! At Centriqe.AI, we're harnessing the power of AI to transform the way retailers gain insights, optimize campaigns, and drive bottom-line growth. Here's how AI is flipping the script: Uncover hidden gems: AI digs deep into data, revealing hidden customer patterns and preferences even the best human analysts might miss. This means hyper-personalized campaigns that resonate deeply with each customer. Predict the future (almost!): Forget crystal balls, AI uses sophisticated algorithms to accurately forecast demand and customer behavior. No more stockouts, no more wasted inventory, just optimized operations and happier customers. Pricing that pops: AI recommends dynamic pricing and promotions tailored to individual customers and market conditions. This translates to increased sales, higher margins, and a win-win for everyone. Campaigns that learn and adapt: Forget static strategies! AI continuously monitors performance and automatically adjusts campaigns for maximum impact. Say goodbye to manual tweaks, hello to real-time optimization. Ready to join the AI revolution and unlock the true potential of your retail marketing? #retailmarketing #AI #marketinganalytics #customerinsights #personalizedmarketing #retailtech #growthhacking

What are the biggest ecommerce trends of 2024? Our latest blog post provides insights into key ecommerce trends for next year, including: 🔵 Expanding product ranges through third-party sellers 🔵 Leveraging AI for customer insights and product data enhancement 🔵 Embracing sustainability 🔵 Adopting consumer-grade shipping Discover the why and the how behind these trends at the link in comments. #trends #eccommerce #ai #sustainability