Blog about AI Trends & Applications - Page 10

Technological advancements of the last year are astonishing! This is especially true when it comes to the abilities of artificial intelligence. What started as narrow-purpose software transformed into a sophisticated system that can provide an answer to almost anything you ask of it.  The retail industry is reaping the benefits of AI, just like many others. There are a variety...

Data is the secret ingredient in the business success recipe, and 97% of decision-makers would only cook with it. By looking closely at data, you can find new ways to grow and manage risks. But the more information we have, the harder it gets to keep up with it all. In fact, 70% of business leaders are so overwhelmed by...

AI has become a game changer in many fields, and retail is no exception. In fact, 73% of retailers are already using AI, and 15% more are discussing AI implementation in the next year. Should you join them immediately? Artificial intelligence is a powerful tool, but it is not for every business. Check if your team and company are prepared...

Physical stores today are still a popular choice for many shoppers. Despite the rise of e-commerce, offline retail dominates with an expected 80% market share in 2023. However, consumers have changed and want more, the study shows.   People appreciate the traditional benefits of physical retail, like friendly sales associates and fun in-store events. But they also look for the tech...

E-commerce is on the rise. Every 1 of 5 retail dollars is spent online now, and this share is steadily growing. Why? Online shopping is easy, fast, and convenient – we all know that.  However, it is not all roses. Shoppers cannot feel, touch, or try on a product online, so, the possibilities for building customer connections are rather limited....

The power of technology is huge in the 21st century. We use 5G Internet, smartphones, chatbots, and smart homes daily. What do you think, have we gotten far enough in the last 20+ years? And the wheel continues spinning.  When two groundbreaking innovations merge into one, the world shutters just a bit. An inevitable change happens, and we begin dealing...