Posts Tagged ‘retail’
How Retail Can Thrive in a World Without Stores | HBR
In the last twenty years, the internet has become the front door to every retail store. Now, that entry point is briskly shifting to mobile devices, and even further with voice-activated personal assistants and other connected devices. New technologies are helping innovative brands to ease the transition as consumers forgo the shopping mall in favor of bringing the store experience into their homes. Retailers that don’t find a way to create a happy marriage between the showroom experience you’d expect in a store and the convenience of personal shopping at home will be left behind.
Source: How Retail Can Thrive in a World Without Stores
Read MoreChatbots for customer service will help businesses save $8 billion per year – Watson
A new study released this week estimates that that chatbots will help businesses save more than $8 billion per year by 2022, which is a huge increase from the $20 million estimated for this year. In 2022, the success rate of bot interactions in healthcare sector will increase from the current 12% to over 75%, and in the banking sector this will climb to 90%.
Source: Chatbots for customer service will help businesses save $8 billion per year – Watson
Read MoreHow cognitive computing will revolutionize the retail industry – Watson
Cognitive computing is already redefining the retail industry worldwide. 91% of retail executives familiar with cognitive computing believe it will play a disruptive role in their organization. Opportunities for cognitive insights in the retail industry will continue to grow in the near future.
Source: How cognitive computing will revolutionize the retail industry – Watson
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