[🎬 Replay of Enrique Martinez, CEO of Fnac Darty at the Adopt AI Summit by Artefact] Watch the discussion between Enrique Martinez and Vincent Blaclard, Partner at Artefact, on 'How AI drives a new cycle of innovation & transformation'. 💡 Enrique emphasized a visionary approach towards #sustainable consumption. Contrary to the traditional retail goal of increasing sales, he advocates for repairing products more and selling less: - This shift focuses on improving customer access to products and services through technology while minimizing environmental impact. - The goal is to create a business model that attracts more customers by prioritizing #sustainability. 👉 Discover the video of Enrique Martinez on the Vision stage at #AdoptAI: https://lnkd.in/eVBQGK3k 🎯 #AI and #data play a critical role in Fnac Darty's #transformation strategy. The company has undergone significant changes, moving from legacy systems to cloud-based solutions. This transition has enabled the collection and analysis of extensive data accumulated over 30 years: - By leveraging #bigdata, Fnac Darty has developed indicators to qualify vendors and products, enhancing transparency and customer #trust. - AI is now being used to streamline customer service #operations, such as identifying optimal solutions for customer inquiries efficiently. Enrique also acknowledged the profound impact of #generativeAI on #retail and #cultural sectors. Fnac Darty is adapting its business model to incorporate recurring revenue streams from services rather than solely relying on transactions: - The focus is on using AI to support employees and improve customer relationships. - This includes efforts to scale #AIintegration across the organization, ensuring data protection and minimizing risks associated with cyber threats. Stay tuned for more #replays of Artefact’s Adopt AI Summit! ✨
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AI has become all but ubiquitous in retail, from cyber, to supply chain, to finance/accounting, to legal, HR, pharmacy, merchandising, and core store operations, yet we're still overly cautious of AI in risk-mitigation/asset protection channels. Much like RFID adoption, a common sense, natural value-prop extension of AI use cases to include risk-mitigation is pure logic, yet to some, still a bridge too far. Applications of AI broadly in use across retail can easily include risk-mitigation and shrink visibility features, and vice versa, providing massive returns to a persistent P&L drain. AI is next gen. AI is frictionless. AI is not hardware intensive. AI is transparent to the honest customer (the 95+% in our stores). AI is the path to ridding ourselves of the tired, marginally effective, unintelligent / dumb, single-focus "solutions" (i.e., plastic gadgets, locking showcases, alarms, tethers, LE, EAS, stickers, gates, etc.) interfering with 100% of our customers' experience. Explore and lead change. Explore options likely already being pursued in other areas of the business. How can they effect shrink? **For AI risk mitigation ideas, please see "Top Retail Risk-Mitigation Solution Picks for 2024" in my profile "Feature" section posted about a month ago. #lossprevention #asssetprotection #crime #ai #ml #retailtechnology #retail #retailleadership #RFID #shrink #theft #orc #risk #innovation Retail Industry Leaders Association (RILA) National Retail Federation NGA Retail Knowledge Retail Dive The Wall Street Journal Reuters News Agency Bloomberg
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🙌 3 Articles to Stay in the Loop in the Telecom & AI Conversation Everyone talks about AI these days. You, no doubt, want to take part in the discussion, so here are a few ideas to help fuel your next AI-inspired small talk with colleagues. #1. What does it have to offer to telcos? Actually, a lot. Take a look at a selection of common AI adoption scenarios: from network optimization and demand forecasting to cybersecurity: https://bit.ly/3yf8mhu #2. Can AI understand industry-specific tasks? Yes, it can. Even such a particular task as telecom network optimization can be delegated to or enhanced with AI solutions. More about it here: https://bit.ly/4c3x2r7 #3. What about dealing with customers? Conversational chatbots have been around for a while now. Combined with AI, they bring customer service, omnichannel strategy, and personalized approach to a new level. Learn how: https://bit.ly/3WmC3oY Subscribe to Infopulse newsletter and we’ll keep you posted on more conversation topics! 😉
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Discover the power of AI in transforming customer experiences and operational efficiency. Join industry leaders at our exclusive event and gain actionable insights. Don’t miss out! Reserve Your Spot https://ow.ly/IOpL50SZhec #AI #ComposableCommerce #OrderManagement #InventoryManagement #OperationalEfficiency #CustomerExperience #TechInnovation #CommerceStrategy #3DCustomization #DigitalTransformation #eCommerceSolutions #DigitalCommerce #FluentCommerce #RoyalCyber
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CEO & Co-founder @ Standard Insights | Data Analytics, AI, Machine Learning | SaaS | Writer | Speaker | Working in the AI space before it was cool | Bootstrapped
https://lnkd.in/eyt4TY3g Check out this article that Ben Kleinman and I wrote for the Association for Health Care Resource & Materials Management (AHRMM). Implementing RFID is only one piece of the puzzle. Companies will need to leverage the #RFID data they collect that sits in middleware and use #predictiveanalytics #AI #ML to help with inventory forecasting down to the SKU level, price optimization, or upsell cross-sell recommendations. Doing so can help your company with: 💲 Efficiency gains 💲 Cost cutting 💲 Corporate streamlining Especially now in a business environment suffering from #laborshortages #inflation and high interest rates. Curious to know what your data is telling you and how you can weaponize it for a competitive advantage using the predictive power of AI? Please reach out. ----------------------------------------------------------------------------------- We here at Standard Insights help companies leverage their first-party data to build their economic moat as well as build AI-powered software solutions for our clients like Mary Jane Menu and others. Some of which, have received $1.5M+ valuations before going live. We take no shortcuts with #chatgpt wrappers, which can enable our clients to set up potentially lucrative licensing agreements. Given the over-hyped nature of #artificialintelligence, we eschew gimmicky strategies like prompt engineers and AI writing evaluators and focus on sound, fundamental predictive analytics that drive shareholder value. #machinelearning #datadriven #softwaredevelopment #competitveadvantge #supplychain #healthcare #retail #hospitality #3pl #standardinsights
AI and RFID: A Perfect Combination To Optimize Your Supply Chain Analytics
supplychainstrategiessolutions-digital.com
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Anyone who has been in ecom more than a few years knows that the holiday season tends to sneak up on you. The top-performing brands in the space right now are leveraging predictive analytics through the use of AMC and AI to get out ahead of uncertain consumer demand. Join us on August 29th at 9:00 PT / 12:00 ET for a webinar + Q&A about how leveraging AI and AMC can change your entire holiday strategy! Shoutout to Aaron Conant and our friends at BWG Strategy LLC for hosting this conversation. Join me as we walk through real examples of how brands are: - Using AI to optimize inventory management - Designing effective AMC strategies tailored for Cyber 5 promotions - Integrating AI with AMC to boost customer satisfaction and loyalty. You won't regret it! Link to register: https://lnkd.in/gTFeJ6vv #Ecommerce #Xmars #Cyber5 #AMC #AI
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Holiday season is closer than it seems! 🎄 Our CEO, Kashif Zafar, will be covering how top brands are staying ahead this year by leveraging AI and AMC. If you're in eCommerce, you know how crucial it is to be prepared for the holiday rush. Don't miss this opportunity to learn from the experts and gear up your strategy for the most critical time of the year. 👇 Check below for more details on our upcoming webinar and how AI can transform your holiday campaigns.
Anyone who has been in ecom more than a few years knows that the holiday season tends to sneak up on you. The top-performing brands in the space right now are leveraging predictive analytics through the use of AMC and AI to get out ahead of uncertain consumer demand. Join us on August 29th at 9:00 PT / 12:00 ET for a webinar + Q&A about how leveraging AI and AMC can change your entire holiday strategy! Shoutout to Aaron Conant and our friends at BWG Strategy LLC for hosting this conversation. Join me as we walk through real examples of how brands are: - Using AI to optimize inventory management - Designing effective AMC strategies tailored for Cyber 5 promotions - Integrating AI with AMC to boost customer satisfaction and loyalty. You won't regret it! Link to register: https://lnkd.in/gTFeJ6vv #Ecommerce #Xmars #Cyber5 #AMC #AI
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The Consumer Products Industry: Embracing Profitable Volume Growth The consumer products industry is undergoing a profound transformation, shifting its focus from price-centric strategies to prioritizing profitable volume growth. Companies across the sector are recognizing the limitations of simply raising prices and are instead adopting strategic approaches to increase volume through targeted marketing, innovation, and supply chain enhancements. This shift is not just about boosting sales numbers but also about maximizing profitability and ensuring sustainable growth in the long term. Challenges and Opportunities: Despite the promising prospects, the consumer products industry is not without its challenges. From regulatory concerns to increased competition, companies are navigating a complex landscape. Generative AI, GLP-1 drugs, sustainability regulations, and cybersecurity and privacy issues are just some of the hurdles they face. However, with challenges come opportunities for innovation and differentiation. The Role of AI in Revolutionizing Omnichannel Commerce: Artificial Intelligence (AI) is revolutionizing every aspect of consumer products, from omnichannel commerce to supply chain optimization. AI-powered solutions are enabling companies to deliver seamless shopping experiences across multiple channels, driving customer engagement and loyalty. In conclusion, the consumer products industry is at a critical juncture, where companies must embrace profitable volume growth and leverage AI to drive innovation, sustainability, and competitiveness. By prioritizing strategic investments and embracing technological advancements, companies can navigate challenges and seize opportunities for growth in an ever-evolving marketplace. #ConsumerProducts #AI #Innovation #Sustainability #OmnichannelCommerce #SupplyChainOptimization #Cybersecurity #DataPrivacy #RetailRevolution
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Digital Health Enthusiast | Data Privacy & Compliance Expert | Telehealth Strategist | Digital Personal Data Protection Act | GDPR, HIPAA | Advisor, Consultant, CIO, Speaker, Director | 25Yrs in Web 3, Mobile Apps, AI ML
Artificial Intelligence (AI) in global healthcare is growing rapidly. From $20.7 billion in 2023 it is forecast to rise to almost $188 billion by 2030 according to data supplied by Statista. More advanced #wearable tech is being bought by consumers as retailers like Walmart and Amazon on the healthcare bandwagon across North America. The push by big retailers such as CVS Health and Walgreens (through VillageMD) into clinical settings and the speed at which the sector has been consolidating has raised concerns about the processing and protecting of personal consumer data. As Federal Trade Commission Chair Lina Khan said in September “healthcare is not like buying a toaster… it really can be life or death for people.” #ArtificialIntelligence #AI #healthcare
Four Lessons From Well Health’s CEO On How AI Can Deliver For Healthcare Retailers
forbes.com
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Discover how AI and 5G are reshaping the #telecommunications sector in Karthik T S's latest Forbes article. Learn how #CSPs are leveraging these technologies to create innovative revenue models, enhance service differentiation and drive industry #transformation. Read the full article for insights on overcoming challenges and seizing new opportunities in the #AI-#5G convergence: https://lnkd.in/gg9nCD-U
Discover how AI and 5G are reshaping the #telecommunications sector in Karthik T S's latest Forbes article. Learn how #CSPs are leveraging these technologies to create innovative revenue models, enhance service differentiation and drive industry #transformation. Read the full article for insights on overcoming challenges and seizing new opportunities in the #AI-#5G convergence: https://lnkd.in/gUWr5qhG
Council Post: AI And 5G-Powered Partnerships: How CSPs Are Building New Revenue Models
social-www.forbes.com
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CEO | COO | Fractional C-Level | Transformative Leader | Growth Strategies | Retail | Consumer Goods | Turnarounds
AI is fundamentally changing the customer journey, says the National Retail Federation. In the article below, they highlight how AI is being integrated from start to finish in the customer journey. Per the article, here is a potential scenario for how AI influences every aspect of the customer journey. "Take a shirt, for example. Its design might be influenced by AI-enabled trendspotting on social media, or supported by AI-based image generators. The retailer might utilize AI in its work with suppliers to optimize product sourcing and ensure compliance with sourcing restrictions. The various modes of transportation for the shirt’s journey from supplier to retailer might be influenced by AI-enabled decision-making". "After it arrives in a retailer’s warehouse or distribution center, the shirt might be sorted or moved using AI-enabled automation technologies. Retailers might use artificial intelligence to support marketing efforts, both in-store and online, or perhaps to facilitate personalization or customization of it. Developing effective promotions or discounts for the shirt might be informed by AI technologies. After purchase, the retailer’s customer service and return activities are likely to be supported by AI. And all throughout this journey, retailers might be using AI tools to prevent theft and fraud, and protect customers’ information against cyber threats". Good read as we end 2023 and begin focusing on what's to come in 2024! https://lnkd.in/e7SUYzY7 #ai #aitransformingretail #customerjourney
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