Artificial Intelligence (AI) is already redefining the retail landscape, changing how businesses interact with customers and how shoppers discover and purchase products. This game-changing technology offers tools enabling retailers to predict consumer needs, offer personalized experiences, and create virtual shopping environments that blur the lines between the digital and the physical. "AI and the Future of Retail: Virtual Shopping Experiences and Predictive Analytics" is a thought-provoking Special Report, penned by industry insider, Horace Alexander. Equip yourself with cutting-edge insights, understand the potential applications of AI in retail, and see what the future holds for this sector. Unveiling AI: Understand the major transformations AI brings to retail, and why it's the next big thing. Taking Shopping Virtual: Delve into an immersive world of Augmented and Virtual Reality, creating a new dimension in shopping. Predictive Analytics: Discover how AI can understand consumers better than they do, and the impact this has on both shoppers and retailers. Whether you're a retailer aiming to stay abreast of the rapid changes in the industry, a tech enthusiast excited about the potential of AI, or simply intrigued by what the future of shopping might look like, this report opens a window into a thrilling new world. So, join Horace on this journey to picture tomorrow's market, today!

China’s new retail revolution will completely transform how the world thinks about retail and digital innovation. But is the world ready yet? In this book, the authors share an insider’s perspective on what is happening in China to reveal the future for global retail, and a clear framework to help you prepare. The book presents a number of real-world cases, based on interviews and first-hand consumer experience, to decode China’s retail revolution so that you can understand what is happening and why, and what it means for the rest of the world. Crucially, the book identifies five critical stages in the development of new retail that global retail executives need to grasp now: lifestyle commerce, Online-Merge-Offline retail, social retail, livestream retail and invisible retail. To help the industry get ready for this new, China-inspired paradigm in retail, the authors present a practical and simple framework – a ten-year strategic roadmap for global retail executives, which we call the “Beyond” the Value Chain Model. China’s new retail is not just about fashion, cosmetics, snacks, data-driven convenient stores and commercial live streaming. At a time when the world of retail is being upended, it offers inspirational lessons in innovation, purpose and agility for global executives across the entire retail spectrum.

Learn how to develop and employ an ontology, the secret weapon for successfully using artificial intelligence to create a powerful competitive advantage in your business. The AI-Powered Enterprise examines two fundamental questions: First, how will the future be different as a result of artificial intelligence? And second, what must companies do to stake their claim on that future? When the Web came along in the mid-90s, it transformed the behavior of customers and remade whole industries. Now, as part of its promise to bring revolutionary change in untold ways to human activity, artificial intelligence—AI—is about to create another complete transformation in how companies create and deliver value to customers. But despite the billions spent so far on bots and other tools, AI continues to stumble. Why can't it magically use all the data organizations generate to make them run faster and better? Because something is missing. AI works only when it understands the soul of the business. An ontology is a holistic digital model of every piece of information that matters to the business, from processes to products to people, and it's what makes the difference between the promise of AI and delivering on that promise. Business leaders who want to catch the AI wave—rather than be crushed by it—need to read The AI-Powered Enterprise. The book is the first to combine a sophisticated explanation of how AI works with a practical approach to applying AI to the problems of business, from customer experience to business operations to product development.

The book includes new theory, original empirical evidence, and applied case studies synthesizing advances in innovation and technology for the retail sector. Chapters identify the challenges retailers face in response to new practices, suggesting how the sector can respond to technological developments, ethical considerations and privacy issues.

Looking for ways to handle the transition to a digital economy Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants. As these tools advance deeper into everyday use, they raise the question—how will they transform society, the economy, and politics? If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many social benefits are delivered through jobs, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits? Looking past today's headlines, political scientist and cultural observer Darrell M. West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations. With the U.S. governance system in shambles because of political polarization and hyper-partisanship, dealing creatively with the transition to a fully digital economy will vex political leaders and complicate the adoption of remedies that could ease the transition pain. It is imperative that we make major adjustments in how we think about work and the social contract in order to prevent society from spiraling out of control. This book presents a number of proposals to help people deal with the transition from an industrial to a digital economy. We must broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure time. New forms of identity will be possible when the "job" no longer defines people's sense of personal meaning, and they engage in a broader range of activities. Workers will need help throughout their lifetimes to acquire new skills and develop new job capabilities. Political reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-being. This book is an important contribution to a discussion about tomorrow—one that needs to take place today.

"a provocative new book" — The New York Times AI-centric organizations exhibit a new operating architecture, redefining how they create, capture, share, and deliver value. Now with a new preface that explores how the coronavirus crisis compelled organizations such as Massachusetts General Hospital, Verizon, and IKEA to transform themselves with remarkable speed, Marco Iansiti and Karim R. Lakhani show how reinventing the firm around data, analytics, and AI removes traditional constraints on scale, scope, and learning that have restricted business growth for hundreds of years. From Airbnb to Ant Financial, Microsoft to Amazon, research shows how AI-driven processes are vastly more scalable than traditional processes, allow massive scope increase, enabling companies to straddle industry boundaries, and create powerful opportunities for learning—to drive ever more accurate, complex, and sophisticated predictions. When traditional operating constraints are removed, strategy becomes a whole new game, one whose rules and likely outcomes this book will make clear. Iansiti and Lakhani: Present a framework for rethinking business and operating models Explain how "collisions" between AI-driven/digital and traditional/analog firms are reshaping competition, altering the structure of our economy, and forcing traditional companies to rearchitect their operating models Explain the opportunities and risks created by digital firms Describe the new challenges and responsibilities for the leaders of both digital and traditional firms Packed with examples—including many from the most powerful and innovative global, AI-driven competitors—and based on research in hundreds of firms across many sectors, this is your essential guide for rethinking how your firm competes and operates in the era of AI.

Welcome to "Generative AI for Retail Industry," where we embark on a journey through the intersection of artificial intelligence and retail innovation. In this book, we delve into the transformative potential of Generative AI technologies and their profound impact on the retail landscape. The retail industry is undergoing a remarkable evolution, driven by advancements in technology and changing consumer expectations. Today's consumers demand personalized experiences, seamless interactions, and unparalleled convenience. To meet these demands and stay ahead in an increasingly competitive market, retailers are turning to Generative AI - a cutting-edge branch of artificial intelligence that enables machines to generate new content, designs, and solutions autonomously. Generative AI holds immense promise for revolutionizing various aspects of the retail industry, from product design and customer engagement to supply chain optimization and beyond. By harnessing the power of deep learning, neural networks, and advanced algorithms, retailers can unlock new possibilities for enhancing customer experiences, driving operational efficiencies, and unlocking business growth. In this book, we explore the diverse applications of Generative AI across the retail ecosystem, providing insights, case studies, and practical examples to illustrate how this transformative technology is reshaping the future of retail. From personalized product recommendations and virtual try-on experiences to dynamic pricing strategies and supply chain optimization, we uncover the myriad ways in which Generative AI is driving innovation and creating value for retailers and consumers alike. Whether you're a retail executive seeking to stay ahead of the curve, a technologist exploring the latest AI trends, or an entrepreneur looking to disrupt the retail landscape, this book offers valuable insights and actionable strategies to leverage Generative AI for success in the dynamic world of retail. Join us as we embark on a journey of discovery, exploration, and innovation, as we unlock the full potential of Generative AI to revolutionize the retail industry and shape the future of commerce.