How Artificial Intelligence is redefining Retail
February 16, 2022
Recent economic influences like the national living wage and the low value of the pound are making these margins tighter still, and leaving traditional operating models even more vulnerable to new entrants from all over the world with innovative, online processes tailored to the modern market.
But despite these harsh realities, the future still looks bright. This is because modern commerce is driven by data: and retailers have access to large volumes of it. With the potential these days to access significant computing power, they have the ability to harness this data, and use it effectively to benefit their businesses. The smartest retailers are already taking advantage of the data they hold, building the models and embracing the technologies they need for future success.
