The retail industry changes every year, and so do its trends. Because of this, people who work in retail often struggle to keep up-to-date with the latest trends in this field. Given the fact that 2023 is almost over, it is now time to look at the future and find out what new trends are about to appear in the field of retail. This way, you will be one step ahead of the others and will start the year with a clear picture of what trends you will have to follow.
Generative AI and Design Principles
Yes, you are right; people these days talk about artificial intelligence way too much. But like it or not, Generative AI will soon become one of the most trendy topics on the market. Several companies are developing and sharing new language models, called LLMs, which are created to help retailers in a variety of ways. There’s an interesting duality here to consider, as generative AI is becoming a product and a selling tool.
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”.
