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How is AI Reshaping the Retail Industry

Retail Gazette

Inventory Management and Forecasting AI-powered algorithms enable retailers to optimise inventory management and forecasting processes, reduce stockouts, minimise excess inventory, and improve overall supply chain efficiency.

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Smart Stores: Integrating IoT and AI in Retail Design

Retail Focus

IoT sensors can track inventory levels in real time, reducing the risk of stockouts and overstocking. However, the potential extends beyond inventory management. Navigating Privacy Concerns As retailers embrace IoT and AI, privacy concerns come to the forefront.

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CIO Q&A: Lessons and Priorities from Aldo Group’s Companywide Digital Transformation

Retail TouchPoints

Cybersecurity and privacy are non-negotiable: As we become more digital and data-driven, the importance of cybersecurity and privacy cannot be overstated. We must ensure that our systems and data are secure and that our customers’ privacy is protected. This is not just a matter of compliance, but of trust.

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2024 Predictions and Trends in B2B Ecommerce: Navigating the Digital Evolution

Retail TouchPoints

B2B brands should invest in AI-driven CRM (customer relationship management) systems to analyze customer data, offering insights for personalized marketing and sales strategies. These AI applications range from optimizing pricing and inventory management to fraud prevention.

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Key Considerations For Your Retail Store For 2024

Retail Minded

In 2024, two critical factors will demand your attention: Consumer Privacy Rights Act (CPRA) and operational efficiency. Understanding CPRA The Privacy Right Act is there to, well–protect the privacy of your customers. But is it the Consumer Privacy Rights Act or California Privacy Rights Act?

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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Among the current top use cases for AI in retail are: Store analytics and insights; Personalized customer recommendations; Adaptive advertising, promotions and pricing; Stockout and inventory management; and Conversational AI. But many of these tasks may just represent the low-hanging AI fruit.

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“Never turn-key”: How The Iconic and Officeworks are using AMRs 

Inside Retail

One such advancement is the development of Autonomous Mobile Robots (AMRs), which have been implemented by a range of companies – including Catch, Toys R Us , and a number of other retailers – for task enhancements ranging from inventory management, order fulfilment, delivery and customer service.