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Home » How AI Is Creating Sustainable Retail Experiences
Hyperautomation Minute

How AI Is Creating Sustainable Retail Experiences

Aaron BackBy Aaron BackJanuary 3, 2023Updated:January 4, 20232 Mins Read
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In episode 76 of the Hyperautomation Minute, Aaron Back discusses how AI is contributing to the development of sustainable retail experiences.

Highlights

00:23 — Artificial intelligence (AI) plays a crucial role in sustainable outcomes and solutions in various industries. There has been a big emergence of AI to create a more sustainable retail industry, as the lines of digital and physical experiences are becoming blurred in the shopping journey.

01:13 — In the physical world, AI is unlocking sustainable retail solutions, as it drives better supply chain forecasting to reduce textile waste. Furthermore, AI data insights are influencing inventory to reduce deadstock. Lastly, there has been a resurgence of second-hand retail.

03:08 — Aaron predicts that augmented and virtual reality (AR/VR) will become increasingly popular in the retail experience, but suggests it will be infused with AI and data-driven insights to unlock the full potential of an augmented shopping experience.

03:40 — Aaron gives the example of Meta humans, or virtual avatars, that can take a picture of an outfit they like to see how it would appear on their virtual self to determine whether or not they want to buy it, which expands the retail journey outside of the individual and the retailer.

05:31 — The data-driven, AI, VR, and AR-infused experience has the potential to change the shopping journey and unlock sustainable outcomes within the retail industry.

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Aaron Back
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Aaron Back (Bearded Analyst), Chief Content Officer for Acceleration Economy, focuses on empowering individuals and organizations with the information they need to make crucial decisions. He surfaces practical insights through podcasts, news desk interviews, analysis reports, and more to equip you with what you need to #competefast in the acceleration economy. | 🎧 Love listening to podcasts wherever you go? Then check out my "Back @ IT" podcast and listen wherever you get your podcasts delivered: https://back-at-it.simplecast.com #wdfa

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