Artificial Intelligence (AI) is revolutionizing the retail industry. From personalized shopping experiences to inventory management, AI is helping retailers improve efficiency and customer satisfaction. Here’s how some big names in retail are leveraging AI:
Lowe’s: Navigating the Store with Robots
Lowe’s has introduced LoweBots, robots that assist customers in navigating their stores and finding items. This not only enhances the customer experience but also frees up staff to focus on more complex tasks.
Walgreens: Tracking the Flu with AI
Walgreens is using AI to track the spread of the flu by analyzing data from the number of anti-viral prescriptions it fills. This allows them to provide timely alerts and advice to customers.
itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.