BeamUP’s Post

AI is revolutionizing CFO strategies, with 48% using it for cost optimization in pricing. 55% of CFOs are drafting AI use policies, and 45% are developing their AI platforms. BDO's Kirstie Tiernan highlights the trend of creating secure, customized AI systems, emphasizing the need for tailored AI applications in retail for various roles, promising greater proprietary value with unique data. #ArtificialIntelligence #CFOs #RetailTech #Innovation https://lnkd.in/gWT4zFJ4

AI is revolutionizing CFO strategies, with 48% using it for cost optimization in pricing. 55% of CFOs are drafting AI use policies, and 45% are developing their AI platforms. BDO's Kirstie Tiernan highlights the trend of creating secure, customized AI systems, emphasizing the need for tailored AI applications in retail for various roles, promising greater proprietary value with unique data. #ArtificialIntelligence #CFOs #RetailTech #Innovation https://lnkd.in/gKy7PX6f

How Will 2023 Influence This Year's #Retail Development? #ai #artificialintelligence #generativeai #digitaltransformation #metaverse #spatialcomputing #AR #web3 https://lnkd.in/e9ckDeh2

How Will 2023 Influence This Year's #Retail Development? #ai #artificialintelligence #generativeai #digitaltransformation #metaverse #spatialcomputing #AR #web3 https://lnkd.in/e9ckDeh2

Rethinking Retail: Combining AI with the Human Touch.The backlash against self-checkout reminds us that while technology can streamline operations, human interaction remains irreplaceable. Here's why blending AI with human staff is crucial: Enhanced Customer Experience: AI speeds up processes, but humans add the personal touch that technology can't. Accuracy and Assistance: AI helps with efficiency, but staff can assist with complex transactions and customer queries. Balanced Loss Prevention: AI can detect potential theft, but human vigilance is key to preventing losses. Let's embrace technology, but remember, the human element is what truly enriches the retail experience.

2024 is going to be a year of upheaval in a lot of ways... Retailers, especially mid-market companies are going to shake things up and implement some amazing new technologies and processes! Everything from re-shoring to investing in AI and Automation is on the table and will almost certainly make this an interesting year! "...most executives are feeling optimistic about business. Less than 10% of respondents expected sales to decrease year-over-year." #automation #automationsolutions #2024goals #retailsupplychain #ecommercelogistics #warehousing #warehouseoperations #supplychain #supplychainoperations #supplychainmanagement #logisticsmanagement #logisticsmanagement #partnersinautomation #ai

"Technology is not just an enabler anymore. It's actually an innovator and a disruptor in helping you lead your competition." This quote from Walmart executive is revealing the actual frontier of competition between omni retailers and pure-digital players. Interesting to see how Walmart is placing technology within its strategy: extensifying the use of AI within all layers of organization and commercializing the best-performing own technologies like in-store assistant or route planning. It's so exciting to observe that we at X5 regard technology pretty much the same way.

Fight Losses in Retail Effectively. https://lnkd.in/eN728Tzm Explore cutting-edge strategies to tackle shrinkage head-on in the dynamic landscape of hashtag #grocery retail. Watch online the free exclusive webinar presented by Datalogic and Extenda Retail to learn how hashtag #AI and modern technology can combat shrinkage, and learn how advanced technology is shaping the future of the Retail industry. Find out more at the link above.

Retailers are investing in new in-store technology solutions to improve performance across inventory management, operations, and planning. According to a recent study, most respondents are either investing or planning to invest in these solutions. These new technologies leverage artificial intelligence, data analytics, and automation to optimize store operations and drive revenue. If you're looking to improve your organization's performance in these areas, contact Fujitsu Retail. Their solutions operate seamlessly within retail settings and can help take your business to the next level. Contact Michael Pearl at [email protected] to learn more. #RetailTechnology #AI #DataAnalytics #Automation #FujitsuRetail

The Future of Sales Development: Enhancing, Not Replacing SDRs There’s growing concern that AI will replace SDR roles, but I believe AI should enhance, not replace, SDRs. The self-checkout controversy in grocery stores, highlighted in this article, mirrors this issue. While self-checkouts offer efficiency, many customers still prefer human interaction. Retailers see backlash when they limit options to self-checkout alone. Similarly, in sales, customers value human connections. Forcing AI-only interactions could alienate clients who prefer personal touchpoints. We should leverage AI to support SDRs, enhancing their capabilities and ensuring clients have the option for human interaction. What are your thoughts on balancing AI and human roles particularly in sales? #SalesDevelopment #AI #CustomerExperience #Sales #SDR #FutureOfWork