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

Retail TouchPoints

Artificial intelligence dominated headlines and water cooler conversations in 2023, and 2024 is looking to be no different (if the conversations and showcases at CES and NRF’s Big Show are any indication). But many of these tasks may just represent the low-hanging AI fruit.

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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. And that’s where your Workforce Management systems come into play,” says Bretherton.

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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

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Key Takeaways from the Wiser Industry Leaders Brand Panel: Challenges and Adaptations

Wiser

As detailed by industry experts at the panel, the impact of staffing shortages extends beyond the bottom line. The consensus among panelists suggests an anticipatory strategy might cushion the effects of potential recessions. For organizations operating at various scales, the advice is clear: remaining lean and nimble is key.

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Mobile technology – serving both sides of the retail coin

365 Retail

Customers expect a seamless shopping experience, with many blending their brick-and-mortar visit with eCommerce benefits offered by retailers, such as click-and-collect and ordering in-store to have items delivered at home. This helps to reduce manual errors and calculate stock correctly to avoid ambiguity, whilst reducing team friction.

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Benefits of People Counting and In-store Visitor Analytics for Supermarkets

V Count

You can dig deeper and discover all you need to know about customer behavior at your supermarket. Once you get a grasp of the customer journey, you can use the visitor data to optimize store layout, improve product placement, and make more informed decisions about inventory management.

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Using AI for Safety & Operations

Independent Retailer

Small businesses should consider using artificial intelligence to power preventive safety measures and prevent retail workers from getting injured in any way. Staying aware of what happens at a store is essential for helping employees and customers feel safe and accommodated. Enhance Property Visibility.