With its ability to analyze vast amounts of data, predict consumer behavior, and drive personalized experiences, AI is reshaping the retail landscape like never before. At the forefront of this revolution is Bhaskar Ramesh, Director of Omnichannel Business at Google India, whose insights offer a compelling glimpse into the transformative power of AI in retail.
Navigating the Evolution of Commerce
Ramesh's journey begins with a reflection on the evolution of commerce, tracing humanity's transition from hunters and gatherers to the information age and finally, the AI era. As a company born in the Internet age, Google has played a pivotal role in connecting users with brands and businesses. However, with the rise of AI, a new era of intelligence-driven commerce is upon us—a paradigm shift that promises to redefine the retail experience.
Unleashing the Potential of AI
Central to Ramesh's narrative is the distinction between analytical and generative AI. Drawing parallels with the human brain, he elucidates how analytical AI, akin to the left brain, excels at synthesizing and predicting data. On the other hand, generative AI represents the right brain, unleashing creativity and innovation through content creation and dynamic interactions. The convergence of these capabilities heralds a new era of intelligent commerce, where data-driven insights and creative ingenuity.
Empowering Retailers of All Sizes
Esta historia es de la edición October - December 2024 de Retailer.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October - December 2024 de Retailer.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
The AI-Powered Future
In the rapidly evolving world of commerce, where digital transformation has become the cornerstone of success, the role of artificial intelligence (AI) stands out as a game-changer.
D2C's King: Vivek Biyani
How Biyani is taking experiential commerce to newer levels and giving digital first brands prime spot on retail shelves with Broadway.
Chef Adwait Anantwar's Flavor Magic at INJA
In an exclusive interaction, Chef Adwait Anantwar, Chef Partner at the popular restaurant INJA by Atelier House Hospitality, discusses how he brings uniqueness and creativity to his culinary creations.
QC is the Secret to myTrident's 400% Growth!
With an ambitious goal to double its revenue to over Rs 1,000 crores in the next three years, the brand is strategically focusing on increasing retail presence and penetrating new markets, especially in the southern and eastern regions.
How GIVA's Fine Jewelry Empire is Growing at 100% YoY
GIVA eyes 300 stores in 2 years and Rs 1500 cr revenue in 5 years!
SPEED MEETS STYLE
With the rise of platforms like Blinkit and Zepto, fashion brands are seeing quick commerce not just as a delivery mechanism, but as a critical part of their retail strategies
Indian Origin D2C Brands Make Mark in Global Markets
For many Indian brands, the motivation to expand internationally stems from a desire to share India's unique offerings with the world.
TOP MARKETING TRENDS 2024
In today's fast-paced world, the right marketing approach isn't just crucial for staying afloat-it's the driving force behind brand reinvention and expansion. Ready to discover the secret sauce of three giant retail brands in India? Let's dive into the strategies that are making them the trendsetters of the year.
How India's Pet Care Industry is Raising the Woof!
India's pet care industry is on a rapid ascent, projected to reach $350 billion by 2027, as rising pet ownership and pet \"humanization\" drive demand for premium products, specialized services, and innovative, pet-focused retail experiences.
AB's Crown Jewel!
Aditya Birla's Indriya launches 8 stores in 8 weeks, aims to conquer India's Rs 6.7 lakh crore jewelry retail market