Tag: Retail
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Stores Locking Up Aisles of Goods: Shoplifting or Self-Inflicted?
Major retailers like Walmart, Target, and CVS are locking up entire aisles to counter shoplifting, but this approach may lead to alienation and neglect the root cause. Staffing and supply chain solutions are vital, not just padlocks and off-duty officers. Retailers must invest in AI and innovative technologies to combat retail crime and reduce inventory losses. According to UBS report, retailers must address shrink's root causes rather than just locking aisles.
The Key to Effective AI Implementation for Your Business Challenges
AI is not here to replace humans but to assist them. Once you identify the AI model that best suits your business, train it to augment specific business functions, you will see improved efficiency and productivity. AI can help to strengthen human efforts.
Generative AI’s Impact on the Workplace: A Closer Look at ChatGPT
ChatGPT's generative AI technology is revolutionizing the workplace, increasing efficiency while also raising concerns about potential job loss. As industries implement their chatbots, companies must navigate the transition with care.
AI tech integration can yield $150bn benefits to the GCC.
McKinsey predicts that AI tech could contribute $150bn to GCC economies – 9% of their GDP. Retail leads AI implementation, but challenges remain, say experts.
Alibaba’s DingTalk tests new AI features
Alibaba's DingTalk now offers AI functions like generating text, images, meeting notes, and chatbots. Access by typing /—Feishu is yet to test AI.