Artificial Intelligence & The Retail Industry — Dynamic and Inclusive
Consumers are constantly seeking a more diverse and dynamic shopping experience that offers personalized products and services, and while the internet has already made this more possible, there is still much to be accomplished and enjoyed.
This is where artificial intelligence (AI) comes in. Global AI revenue is expected to increase from $643.7 million in 2016 to more than $36.8 billion in 2025, according to marketing research firm Tractica. Therefore making AI solutions part of your business retail strategy promises to be advantageous to client and revenue growth.
Bot Libre, through its open source and business platform, offers expert and personalized artificial intelligence solutions to various small and medium-sized companies in the retail industry.
Some interesting Bot Libre AI features include:
Easy 10-Click Building Process (little to no programming involved)
Speech / 3D / Metaverse Avatars
Social Media Integration
Personalized Development Services
AI can be a gamechanger in optimizing the operations of a retail business as the software can act as a sales assistant, shorten cashier lines for customers by accepting money pay, refill inventory through real-time stock monitoring, and create digital storefronts and personalized virtual spaces to shop and try items.
Informed Customer Targeting
Retail artificial intelligence technologies can provide customers with a tailored shopping experience. Technologies like fingerprint and face recognition can recognize returning clients and keep track of their preferences. They can therefore suggest products and create campaigns for them.
AI solutions, particularly through the metaverse, will provide increased accessibility to persons with a disability, allowing them to have a safer and more enjoyable shopping experience. It might also make accessibility features (such as sound direction and level, contrast, caption size, and menu navigation) customizable.
With AI, the possibilities are endless. If you are an AI, chatbot and metaverse enthusiast looking to build your business in the retail industry. Then send us an email for a free discovery call and an explainer on our development services.
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Artificial Intelligence & The Retail Industry — Dynamic and Inclusive was originally published in Chatbots Life on Medium, where people are continuing the conversation by highlighting and responding to this story.