Some you may not be aware of or others you thought are just the price of doing (online) business. But knowing is half the battle, while the other is understanding how new-generation AI can help solve them and add improvements to your online store.
Currently, only 40% of retailers have incorporated AI in some form into their operations, which highlights the vast potential yet to be tapped into and the exciting future of retail. Traditionally it was a technology exclusive to the largest retailers but the democratisation and advancement of technology means that AI is now accessible to retailers of all sizes.
AI can be implemented into a range of operational areas to reduce costs, improve customer experience and service as well as increase sales revenue and the bottom line. Think faster time to market for new products, automated merchandising, solving out-of-stock frustration etc. AI can improve them all.
It is not just solving issues for the sake of it. In just three years (2019-2022), AI contributed an estimated $40 billion in additional revenue to the retail sector. Download our Free Guide and uncover eCommerce opportunities with AI. Your CFO will thank you for it!
What research is telling us about AI’s retail impact
How to cut down on mundane time-sucking tasks in eCommerce
How to get new products in front of potential customers, faster
Things to consider when looking at AI vendors
Futureproofing any AI investment you make