Mastering AI in Retail
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Questions and Answers

What is the potential impact of AI on retailing?

AI will substantially impact retailing.

What factors should senior retailing managers consider when adopting AI?

Factors such as whether the AI application is customer-facing, the amount of value creation, whether the AI application is online, and extent of ethics concerns.

Is the near-term impact of AI on retailing as pronounced as suggested by the popular press?

No, the near-term impact of AI on retailing may not be as pronounced as suggested by the popular press.

How can AI be more effective in retailing?

<p>AI is likely to be more effective if it focuses on augmenting managers' judgments rather than replacing them.</p> Signup and view all the answers

Is customer-facing AI the only source of value in retailing?

<p>No, a lot of value can be obtained by adopting non-customer-facing AI applications.</p> Signup and view all the answers

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