Artificial Intelligence (AI)

AI Armor: Protecting Customer Service Agents Against Abuse
September 3, 2024 at 10:05 pm

Customer expectations are at an all-time high. The facilitation of near-instant gratification has led to reduced consumer patience and more frequent temper tantrums. Though no-wait resolution is a common expectation from customers seeking support, delivering abuse to contact center agents shouldn't be the default response to an imperfect interaction. Unfortunately, a recent study found that…

Neuroscience-Powered Retail Innovation: The Why, and Why Not, of Buy
September 3, 2024 at 9:44 pm

Why do consumers browse? What makes them pause and consider? What makes them buy? This is the retail puzzle Walmart, Target, Costco, Amazon.com (to name a few!!) work so hard to solve. The puzzle remains equally complicated in online digital storefronts and brick-and-mortar stores spread across the world. How can you anticipate and articulate the…

Is Preventing Fraud Really Possible in the Era of AI?
September 2, 2024 at 5:22 pm

Nearly one in five retail transactions occur online, with that figure rising each year. While retailers have adapted their strategies to reflect this consumer behavior, there’s one massive issue that they’re grappling with, especially given the rise in artificial intelligence: e-commerce fraud. Today’s fraudsters have more opportunity than ever to commit crime, using identity as…

How AI is Driving a More Sustainable Future for Retail Supply Chains
August 27, 2024 at 7:03 pm

The retail sector continues to face mounting pressure to meet higher standards of social and environmental responsibility. A recent survey found that over the next three years, 90 percent of organizations intend to ramp up their investments in ESG in response to both regulatory pressures and growing consumer preferences for sustainable products. Seventy-three percent of millennials now…

3 Proven AI Strategies to Boost 2024 Holiday Retail Sales
August 27, 2024 at 6:37 pm

The U.S. holiday shopping season is almost here, and most retailers anticipate another record-breaking year. In fact, analysts at eMarketer predict that consumers will spend more than $271 billion, a 9.5 percent increase in domestic holiday retail e-commerce sales over 2023. Being a winner of the upcoming holiday season may come down to a retailer’s…

How Retailers Can Benefit From Small Language Models
August 19, 2024 at 4:46 pm

If you're familiar or have read up about artificial intelligence, it’s likely you’ve heard about large language models (LLMs), a type of AI that's used to analyze large amounts of data and generate text. However, you may not be as familiar with a newer phrase that's becoming more common: small language models (SLMs). SLMs are…

ThredUp Launches New AI Discovery Shopping Tools
August 7, 2024 at 12:46 pm

ThredUp, one of the largest online resale platforms for apparel, shoes and accessories, unveiled a new suite of artificial intelligence-powered tools to aid in discovery shopping, the company announced Monday. Visitors can now search for products with what ThredUp is calling "natural language" — for example, typing in "swimsuit for a triathlon" or "tank tops…

Think Outside the Box to Maximize GenAI Investments in the Contact Center
August 7, 2024 at 12:03 pm

For years, brands have assessed the return on investment of customer experience automation by asking three questions: What does it cost to serve a customer today? What could it cost to serve a customer tomorrow? What is the investment price to get from A to B? With these questions guiding the way, we’ve seen a…

The Unstoppable Rise of AI in Modern Business: Driving ROI
August 5, 2024 at 10:25 am

Businesses are constantly on the lookout for the next technology that can be deployed in their operations to help give them an edge, and right now modern enterprises are turning to artificial intelligence to gain a strategic advantage and drive tangible return on investment. Reluctance to adopt AI and machine learning (ML) risks businesses lagging…

How SMBs Can Rethink Their Digital Footprint With AI
July 31, 2024 at 6:15 pm

In the evolving landscape of business management for small and midsize businesses (SMBs), artificial intelligence tools have emerged as vital assets to streamline operations and optimize resources. Small business owners continually seek ways to bolster their competitive edge and increase efficiency, understanding that in today's technology-driven market, staying ahead of the competition is critical. The…