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AI in the Spotlight: How Retailers Can Streamline Operations and Improve Long-Term Business Performance

Customer Think

2024 survey results show that many retailers already use or are actively working toward adopting AI-powered tools. However, larger retailers are outpacing smaller businesses, with two-thirds reporting AI adoption (55 percent higher than the industry adoption rate). Overall, over 60 percent say they’re planning […]

Retail 118
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The tech-merger made in retail heaven: Where AI meets IoT to deliver retailers real-time insights inside and outside the store

Customer Think

Edward Funnekotter, Chief Architect and AI Officer, Solace, explores how pairing AI with data from IoT devices, underpinned with an event-enabled approach, is changing the way retailers do retail – from the shop floor, to understanding customer experiences, to optimizing stock levels in the warehouse.

Retail 52
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Retail Industry Value Chain: Deep Dive

Flevy

The Retail industry is a vibrant and ever-evolving sector, characterized by its direct interaction with consumers and its critical role in the global economy. Maintaining a robust value chain in the Retail industry is paramount for delivering a seamless shopping experience, optimizing operations, and driving growth.

Retail 52
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State of Retail CX 2023

Zendesk

The retail industry is under enormous pressure to change. What does this mean for retailers? Retailers that rise to the challenge reap the rewards–higher CSAT, deeper customer loyalty, and solid ROI. In this guide, you’ll get the latest retail insights and actionable tips on how to supercharge your CX.

Retail 98
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The importance of immersive experiences in retail

Customer Think

A shift has occurred in retail, fuelled by technological advancements and a change in consumer expectations. Remember the days when shopping would involve leaving your house, buying a few items and then going home? We don’t either. Shopping is no longer just about the product but also about the experience. And there is no greater […]

Retail 63
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Omnichannel Retail Industry Value Chain: Deep Dive

Flevy

The Omnichannel Retail industry is revolutionizing the way customers interact with brands, blending online and offline channels to create a seamless shopping experience. According to McKinsey, retailers with advanced omnichannel capabilities can achieve a 5-10% revenue uplift and a 30% increase in customer lifetime value.

Retail 52
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The Future of CX in Retail

Customer Think

As 2024 unfolds, the dynamic landscape of retail invites the evolution of how retailers approach customer experience (CX). In order for retailers to earn consumer loyalty during the new year, they must incorporate several strategies into their […]

Retail 68