CoolerX’s Post

The discussion on Generative AI in Retail is evolving towards “integrated packaged technology” capabilities. The early signs are here… #GenAi #Retail #AIinRetail #PackagedAI

Experts agree: future-focused retailers are investing in technology. As Morgan Stanley shares, retail media, automation and #AI are driving growth in the #retail sector, as B2C and B2B companies embrace next-gen solutions to reduce costs and boost efficiency. 📈 ➡️ The potential gains aren’t small: analysts suggest some retailers could save as much as 10% of corporate costs utilizing AI, and automation could reduce unit costs by up to 20% over time. What rising retail technologies are you excited about? 💬 Share in the comments! 🔗: https://hubs.la/Q02R7kcK0 #RetailTech #RetailTechnology #RetailAI #Automation #eCommerceAI #RetailTrends

Some interesting findings from Bain's Retail practice for use of GenAI in advertising - enjoy! --- As ad loads and cost per impression rise—especially during the holidays—tailored marketing becomes essential. Yet, 40% of consumers say ads feel irrelevant. The solution? Personalization. According to a recent Bain survey, over half of respondents say that generative AI-powered personalized recommendations will be valuable when shopping online. Discover three game-changing ways AI is transforming personalization and how #retailers can leverage it to win with shoppers. https://bit.ly/49vrA0v

#AI is revolutionizing the way companies sell to their customers. It has already obsoleted static, periodic marketing campaigns along with generic price plans, bundles and offers, and is delivering the type of real-time, relevant, #hyperpersonalized and novel buying experiences that customers increasingly expect... Read the full article by Etiya below: #personalization #customerservice #cxm #bss #mobileidentity

Unlock the secrets of AI in retail marketing with these game-changing strategies! https://lnkd.in/g8Tx2VYz From personalized recommendations, to supply chain optimization, discover how AI is reshaping the retail landscape. It's like a super-smart sidekick that boosts sales and customer loyalty. ..... #AI #RetailMarketing #GameChangers

Mike Gordon, CEO at Marigold, includes tactics such as tailoring messaging based on customer data, like location and past purchases, essential to driving personalization at scale. Want to know what winning retailers are doing with AI and automation? Read on in the article with Retail Today and Mike Gordon here! 👉 https://ow.ly/jlrR50SABic #RetailMarketing #Personalization #Segmentation

The promise of personalization is finally becoming real. Leveraging AI and machine learning, eCommerce businesses can create meaningful, personalized experiences that anticipate a customer's dynamically changing buying needs—better than ever before. Steven Denekas and Alexis Stepanek share ways for brands to create belonging through the online shopping experience. Read more on The Drum. https://lnkd.in/gtXg728G

What is making digital retailers create bottom line impact. 1.      Big data providing customer insights, that are more focused on hyper personalization in digital retail marketing. 2.      Distribution is more efficient with AI already making an impact, through customized delivery methods. 3.      While retail media digital campaigns have been in existence since a long time now, the high traffic on digital data is now helping the retailers to do a better job at segmenting the customer and their needs. 4.      As per an estimate of this report retail media is expected to reach $130 Billion by next year. 5.      Automation in this market could cut manual tasks by about 70 % in very near future. 6.      AI would be a key enabler for creative use cases in analysing trends, predicting and suggesting shopping needs. 7.      The next big improvement would come from alternate revenue streams, where big data companies would be thinking to leverage their power of data to enhance revenue growth and introduce cost savings. Credit to this article for these insights: https://lnkd.in/gWD2wanA #Profit #digitalretail #AI #Bigdata

🎯 Personalization is key in the retail evolution driven by #GenAI! Discover how Gen AI empowers retailers to adapt to consumer behavior🤔, enhance customer conversion😊, and implement effective adoption strategies🛠️📉💡. Our recent panel discussion 👥 with industry leaders from Jewelry Television, Foot Locker, Sportsman’s Warehouse, and InfoVision shared insights on leveraging #Personalization for brand loyalty and #CustomerRetention. Read our blog to learn about Gen AI's impact on personalization, marketing strategies, content creation, pricing, and more: https://lnkd.in/g-tE8C3K #AicorespotDigitalTalks Hemanth Kumar YV Shawnna DelHierro Amy Czuchlewski Ryan McClurkin NITIN NAVEEN Arvind Kannan Archana Nair Naveen Kumar Rashmita S.

PenPath, a Gilead Group company, uses ecommerce analytics to turns all customer data into helpful insights, allowing for scaled revenue and minimizing marketing waste. According to Forbes, "integrating AI into e-commerce has the potential to revolutionize the customer experience and yield business advantages. The key factor in achieving success lies in integrating AI into existing systems while continually refining strategies based on data-driven insights." https://loom.ly/ui-LVtY