Showing posts from August, 2021

Artificial Intelligence in Retail - Part 2

  In part 1 of the article on Artificial Intelligence in Retail, we saw how AI is transforming the retail industry and helping the industry grow in sales and profits. Let us dive deeper into the topic with some live examples. AI refers predominantly to computational technology driven by ways in which people use their brains’ neurons and nervous systems to reason and make conclusions and decisions, although they usually work very differently. There are  several ways through which retail can benefit from the robotic system. For instance, the attractiveness of robotic technology will encourage customers to engage more in shopping activities, and this will help the retailers boost their sales. Customers will benefit from faster and intelligent guidance during shopping and thus make more effective and efficient purchase decisions. Robotic technology will support retailers’ endeavours towards minimizing the personnel costs and enhancing the staff well-being. But consultant jargon and t