While AI was once a far-fetched idea, companies such as Dal-e have proven the power of AI through their text-to-image generator.
But how far is AI from becoming a valuable asset for the retail industry?
This week we diverge into the future of the industry and how to keep your store secure in the new world of retail.
Today’s Rundown
Foot traffic trends: How last week’s foot traffic compared to the same time last year.
Store Security: Managing customers through software, not hardware.
AI in retail: Gimmick or Game-changer?
Retail Traffic Index
Here’s a look at last week’s foot traffic compared to the same time last year.
How To Secure The New World Of Retail
The retail sector has been challenged to transform over the past few years and now faces a new wave of cybersecurity threats.
Stores across the country have been forced to scale and digitize their infrastructure and operations rapidly while complying with new data and privacy laws and contending with a growing wave of sophisticated cybersecurity attacks.
Unfortunately, the systems that built the industry were never architected to handle the mass network distribution and heavy shift to e-commerce that occurred during COVID.
A recent study by Forbes found 3 simple ways to secure your company against Cyber security threats:
- Manage customers through software, not hardware.
- Boost team skillsets so you can fully embrace the cloud.
- Seize the opportunity to become a true market leader.
AI in retail: Gimmick or Game-changer?
While AI was once a far-fetched idea, companies such as Dal-e have proven the power of AI through their text-to-image generator.
Automation, data, and technology, like machine learning algorithms, are used in retail AI to give customers highly customized shopping experiences.
By 2028, the global AI in retail market size is expected to reach $24.1 billion. The growth comes from the endless amount of possibilities AI brings into the market, such as COVID-19 impact analysis, higher supply chain capabilities, higher efficiency in saving cost and optimizing the experience for customers.
While that all sounds amazing, only time will tell how long it will take for AI to meet these insane expectations.
Retail Snippets
2023 and beyond: Top three retail industry trends of 2022 & 2023.
Retail tech: UPS and FedEx rate increases are coming. Here’s how shippers can prepare.
Helping hand: How retailers can help consumers with the stress of moving.
Random Irrelevance
Beaver Blood Moon: Everything you need to know about the Beaver Blood Moon lunar eclipse in 2022.
Tourists’ resurface: Shocking 439-million-year-old “Shark” forces scientists to rethink the timeline of evolution.
Watch: Five ways to attract winter wildlife to your garden.
