How retailers today are incorporating ai technology


Problem:

Retailers today are incorporating AI technology in their stores to enhance customer service and overall shopping experience. An example of a large retailer who uses AI technology is Rotkäppchen-Mumm, known for producing sparkling wine in Germany. This company runs promotional digital content signs on its stores. These signs are synced with the sales data and retail analytics to ensure out of stock or low inventory products aren't advertised. Retail businesses are exploring AI benefits and complex versions of AI to see how it can anticipate or respond to customer needs. Retailers strive for their businesses to be personalized and convenient, that being said, keeping up with the growth of advanced technology will benefit the traction for on the go customers. Automating most transactional interactions such as self checkout; that is a from of AI included in most retailers, employees can help assist customers in need or tackle high-valued tasks. Loss prevention also known as retail shrink is loss or theft of products, this is a major issue for retailers. Personally, iv worked in retail for two years and this is a daily issue for the company. "In 2021, retail shrink cost United States-based retailers nearly USD 100 billion." (Intel). Integrating

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