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In this article, we cover a variety of examples in which AI is being integrated in the retail industry, broken down into the following sub-categories: Sales and CRM Applications, Customer Recommendations, Manufacturing, Logistics and Delivery, Payments and Payment Services 
Harpal Jadon's curator insight,
October 18, 2018 7:18 AM
Harpal Singh Jadon
Harpal Jadon's curator insight,
October 18, 2018 7:19 AM
Harpal Singh Jadon
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The Fourth Industrial Revolution represents a fundamental change in the way we live, work and relate to one another. It is a new chapter in human development, enabled by extraordinary technology advances commensurate with those of the first, second and third industrial revolutions. These advances are merging the physical, digital and biological worlds in ways that create both huge promise and potential peril. The speed, breadth and depth of this revolution is forcing us to rethink how countries develop, how organisations create value and even what it means to be human. The Fourth Industrial Revolution is about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policy-makers and people from all income groups and nations, to harness converging technologies in order to create an inclusive, human-centred future. The real opportunity is to look beyond technology, and find ways to give the greatest number of people the ability to positively impact their families, organisations and communities.
Farid Mheir's insight:
WHY IT MATTERS: the world economic forum provides a trove of useful data and analysis on topics related to the 4th industrial revolution. It provides useful insight into key digital technologies related to that topics as well.
Kim Flintoff's curator insight,
June 4, 2018 5:56 AM
The Fourth Industrial Revolution is about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policy-makers and people from all income groups and nations, to harness converging technologies in order to create an inclusive, human-centred future. The real opportunity is to look beyond technology, and find ways to give the greatest number of people the ability to positively impact their families, organisations and communities.
Peter Langerbeck's curator insight,
June 8, 2018 7:41 AM
We have to keep pace with development. IRL 5.0 is on the door step.
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2016 was an incredible year for technology, and for humanity. Despite all the negative political-related news, there were 10 tech trends this year that positively transformed humanity. For this “2017 Kick-Off” blog, I reviewed 52 weeks of science and technology breakthroughs, and categorized them into the top 10 tech trends changing our world. I’m blown away by how palpable the feeling of exponential change has become. I’m also certain that 99.999% of humanity doesn’t understand or appreciate the ramifications of what is coming. In this blog, enjoy the top 10 tech trends of the past 12 months and why they are important to you.
Farid Mheir's insight:
I am not a big fan of trends and yearly predictions as a glimpse into the future. However, I like them because they provide a good state of the nation - a condensed picture of where we are and what are hot topics.
This review is of particular value in that respect and I especially like #2 where author states "2016 was the year solar and renewable energy became cheaper than coal" because it goes against what we often hear, yet confirms something we expect will happen as it has been predicted for such a long time.
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This transformation echoes the impact of Facebook on the media: there is a dramatic leveling of the playing field. The advantages of scale that guaranteed success in the post-war era just don’t matter very much when advertising is cheap, shelf space is infinite, and shipping is free. And, just as Facebook’s breakdown of the media broke down the political parties, Amazon’s break-down of physical retail will have its own knock-on effects: carrying household supplies is a major reason to own a car, for example, which means Amazon is a laying the foundation for a service like Uber to shift from being a car supplement to a full-on substitution.
Farid Mheir's insight:
A discussion on the impact that technology innovation has had on the election of Trump and more disruption to come from Amazon.
WHY THIS IS IMPORTANT The author presents compelling arguments about reasons why technology innovation has had such an impact and forces us to rethink most business models. Moreover the analysis of Trump's election as evidence that the power has shifted from editors and political parties to voters and end users is just brilliant and I will certainly use it in the future!
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We Are All Software Makers Now I think Joi Ito's TED talk about NOWISM is correct and a tsunami trend few understand or address. Right after the NOWISM wave comes the, "We are all software creators" wave.
Software engineers speak a different language, think differently than left brain creatives (most marketing people are left brain creatives) and want to engineer the world.
The subtext of this well written and intelligently conceived post is find blue oceans or die. I'm mixing metaphors since the post doesn't contextualize using Kim's great Blue Ocean Strategies book, but the implication hangs in this post like a line separating winners from losers.
Via Martin (Marty) Smith
Farid Mheir's insight:
An article that reminds us that software is everywhere and that all companies should focus on making this trend part of their strategic plan.
WHY IS THIS IMPORTANT? The article focusses on 2 key elements: timing and focus. These are essential as not all industry move at the same speed. Case in point: book sales and grocery. Probably two ends of the spectrum, book sales have moved to online early and in a big way. Grocery: not so much. Actually, not yet. Because we all know it is coming, we will buy our staple grocery cans from a website in the coming years. Question is when.
And when this happens, when customers are ready and retailers find a way to remain profitable even when they do more work, then it will become a game of choosing the right products at the right price. Same as today. But with a different distribution channel. Focus will remain being a great grocer, not a great technology company. Or will it?
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“It’s one thing to talk about ‘rapid experimentation’ and ‘validated learning’ as abstract concepts. It’s quite another to see them in action, in a real-world setting.”
Farid Mheir's insight:
*** website URL has changed! See the video here: https://www.youtube.com/watch?v=szr0ezLyQHY Or checkout the new homepage: https://www.nordlab.co/ Absolute must watch for anyone interested in innovation and rapid prototyping. The video shows how the team has developed an ipad app in one week by setting up shop in one of their stores and rapidly iterating over a simple application with real live customer to get instant feedback. Contrast this with the typical way things are done in organizations and you'll see why setting up "labs" is an essential step of innovation.
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Curated by Farid Mheir
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WHY IT MATTERS: some of the use cases may be far fetched but still give a good idea of what is possible (not necessarily what is useful...). Good to know nevertheless.