
The retail industry has already embraced AI in a big way. Yet, retailers still face challenges like context gaps in customer understanding, limited personalization, and headaches related to delivering a consistent shopping experience across all channels.
Retailers seeking to deepen their embrace of AI-powered solutions need to focus on the technological building blocks that’ll enable them to address shifting market demands and better meet consumer expectations, unlocking a series of new opportunities:
- Personalization that’s truly personal: Harnessing data relevant to each customer in real time is key to power AI-driven solutions, including hyperpersonalized product recommendations and advanced chatbots, which can enhance the overall customer experience and drive more intuitive and efficient processes.
- Mobile-first centricity: More than 50% of consumer spending took place online last year, with mobile devices accounting for 60% of those transactions – requiring brands to rethink their mobile strategy and tech stack to meet evolving consumer demand.
- Seamless omnichannel integration: Providing a seamless shopping experience across all channels – and integrating physical stores as a ‘channel’ – will be pivotal for standing out in 2025 and beyond.