Page 15 - The Ultilmate Guide to Retail in 2023
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Technological innovations:
Online shopping is far from the last major technological “The first thing you should
evolution to hit the retail sector - Artificial intelligence
(AI) is waiting in the next aisle. Retail leaders expect that know about AI is that it is
in the next two years, AI will have its biggest impact on not one thing. This is why
the industry in terms of customer intelligence (53%), many discussions go off the
with predictive analytics and machine learning being rails and people don’t really
used to improve demand forecasting, make better
pricing decisions, and optimize product placement. understand what it’s about. It’s
Another innovation, the metaverse, may also be set to a set of technologies that you
leverage AI in the retail space. can use to make machines
look smart so that they can do
the heavy lifting for you.”
Jim Stolze / An Impact Cube Speaker and Dutch
technology entrepreneur, speaking during a discussion
for the European Space Agency titled, “Artificial
Intelligence, from hype to value.”
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