Machine learning algorithms scan millions of transactions in banks’ fraud detection centers, flagging suspicious patterns human analysts might miss. Similar mathematical models help Netflix predict which shows subscribers want to watch next and guide Walmart’s inventory decisions. These are examples of artificial intelligence (AI) models...
Companies from corner stores to retail giants are discovering that pocket-sized artificial intelligence (AI) can ring up big savings, as nimble new language models match their hulking predecessors at a fraction of the cost. H2O.ai recently launched small models as just one example of a...
The biggest trend this fall in fashion retail? It’s independent retailers, Kristin Savilia, CEO at JOOR told PYMNTS’ Karen Webster. “Independent retailers are having their moment right now because they’re able to curate to the audience they know best and are buying what they know their customer...
Artificial intelligence (AI) agents are emerging as a potentially transformative force in global commerce, with major tech players betting billions on their ability to revolutionize business processes. Accenture and Nvidia announced an expanded partnership Tuesday to accelerate enterprise AI adoption, including agents. The move comes...
October 14, 2024
The biggest trend this fall in fashion retail? It’s independent retailers, Kristin Savilia, CEO at JOOR told PYMNTS’ Karen Webster. “Independent retailers are having their moment right now because they’re able to curate to the audience they know best and are buying what they know their customer will love,” she added. Within JOOR’s own marketplace platform, a […]
August 19, 2024
Forget Allen wrenches and wordless instructions. IKEA’s latest innovation comes with propellers and algorithms. The Swedish furniture giant is taking to the skies — or at least to the ceiling...
March 01, 2024
Brands invest significant resources in merchandising, often relying on third-party interventions to ensure proper stocking and presentation of products in stores. To accomplish this, brand representatives are deployed to stores...
April 20, 2023
At this point, the lack of product selection amid an inflationary environment has a chicken-and-egg feel to it. As reported earlier this month by The Wall Street Journal, merchants and...
November 04, 2024
Veterinary care company Bond Vet has launched a partnership with spend management provider Coupa. The collaboration, announced Monday (Nov. 4), will see Bond Vet clinics employ Coupa’s artificial intelligence (AI) platform to manage their finances and supplies. “As Bond Vet opens more clinics to meet the growing need for high-quality pet care, keeping things running […]
August 13, 2024
Oracle has added new user experience (UX) enhancements such as pricing rules for order management to the Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). These upgrades are built with...
August 01, 2024
Lightspeed is taking on other cloud-based rivals in the retail space amid strong revenue growth. The point-of-sale (POS) system provider released earnings Thursday (Aug. 1) showing revenues up 27% during the quarter, which...
June 07, 2024
Walmart has begun rolling out digital shelf labels (DSLs) in its stores. Following a test at the retailer’s location in Grapevine, Texas, the technology will be expanded to 2,300 stores...
