Text-based machine learning models, like ChatGPT, have gained significant attention in recent years for their ability to process and generate human-like text. Let’s explore how these models work and how they are trained. Traditional text-based machine learning models were initially … Read More
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The Total Guide to Generative AI for Retailers, Brands, and Consumer Goods
Generative AI is a rapidly growing field that has been increasingly utilized by omnichannel organizations to automate processes and generate new content. From providing compelling product stories to creating entire marketing campaigns, generative AI has the potential to revolutionize the … Read More
Offsetting the Bottom-Line Impacts of Shrinkage with AI-Driven Price Optimization
Is your retail business grappling with the spiraling costs of shrinkage that is eroding your bottom line – even more? Are you witnessing a surge in both customer and employee theft – contributing up to 80% of the total shrink … Read More
AI as Your Co-Pilot: Elevating Sales, Efficiency, and Brand Control in the CPG Industry
In the dynamic world of consumer-packaged goods (CPG), staying ahead of the competition requires agility, innovation, and strategic brand management. With the rapid growth of e-commerce and the ever-evolving consumer preferences, it’s crucial to find new ways to accelerate omnichannel … Read More
5 Things PIM Is Not and 1 Thing PIM Is
5 Things PIM Is Not… An outdated concept PIM, the acronym for Product Information Management, came into use by retailers over 30 years ago as a basic data management tool. This was long before e-commerce, complex assortments, the speed of … Read More
Address Excess! 7 Ways to Accelerate Speed to Market
Excess inventory eats into your cash flow, takes up precious space that should be filled by new products, often results in discounts that damage your bottom line, and more. Prioritize getting your products in front of your customers FAST, no … Read More
The Future of Retail Technology: Embracing AI (Artificial Intelligence) and Automation for Competitive Advantage
Hey there, fellow entrepreneurs, and retail enthusiasts! Today, we are diving deep into the game-changing world of AI and automation and how they are shaping the future of retail. Picture this: a well-oiled machine where data meets intelligence, efficiency meets … Read More
AI Redefined: How Companies Are Embracing Digital Wave Technology’s Enterprise Generative AI to Future-Proof Their Companies
In today’s fast-paced digital landscape, staying ahead of the curve is no longer just an option – it’s a necessity. The world of retail, brands, and consumer packaged goods (CPG) is experiencing an unprecedented digital sea change, where the only … Read More
Benefits of PXM for Retail
In an omnichannel world, poorly managed product data often results in low conversions and high return rates. Product information has the potential to tell a compelling story to consumers; when it is comprehensive and correct, it convinces them to make … Read More
Modern Markdown Optimization: Beyond Traditional Solutions and Manual Spreadsheets
THE MANUAL APPROACH TO MARKDOWNS: “AN UNAVOIDABLE LOSS CENTER” When I was in retail, we always thought of clearance markdowns as an unavoidable loss center. Every week we would manually reproject sales and inventory to determine how many units we … Read More