Microsoft and SAP Unveil New Retail AI Solutions Ahead of NRF 2024

Legacy technology giants Microsoft And SAP are nudge In THE retail industry fast adoption of artificial intelligence, hoping their new tools will help retailers in trouble has keep pace with changing consumer behaviours And implacable walk volatility.

This week, in front of THE National Retail of the Federation flagship conference (Jan. 14-16), Microsoft And SAP to have each revealed new Powered by AI abilities aiming has provide retailers with more predictive analytic, automatic operations And improved customer experiences.

THE push For generative AI In retail

SAP announcement Today several additions has It is supply chain management And order orchestration offerings, infuse them with AI has enable retailers has create "very automatic" restocking process while provide clients with granular accomplishment updates.

In the meantime, Microsoft praised new integrations of It is Co-pilot AI In Dynamic 365 apps has help retailers generate customer knowledge And to optimise marketing campaigns. He Also introduced specific to retail AI models And data connectors has accelerate AI adoption.

“Retailers are look For manners has to start functioning with generative AI that will allow them has learn quickly And ladder Effectively," said Shelley Bransten, CVP of Global Retail, Consumer Goods, And Games Industries has Microsoft In A declaration.

Retail business AI investment overvoltage

In business terms, both SAP And Microsoft new Driven by AI tools aim has translate complex data In business knowledge, streamline the operations, And improve customer experiences — all with THE aim of increasing efficiency And profitability.

As retailers grappling hook with THE challenges of digital transformation And wider changes In consumer behaviours, Microsoft And SAP are strategically positioning themselves as essential the partners In THE retail of the sector AI revolution.

THE walk background explain THE retail AI push Since both businesses. About 87% of retailers worldwide to have Already implemented AI In a few form, according to has Sponsored by Microsoft research. In the same way, Fortune Business Knowledge reports artificial intelligence In THE sale of goods Or services East anticipated has reach $31.2 billion In 2028.

THE AI edge In retail

THE advertisement emphasize THE critical role AI East expected has play In retail business future. As THE sector adapts has A more and more digital And data driven environment, SAP And Microsoft are setting A competitive standard with their last AI offerings, emphasizing THE importance of strategic investment In technology has stay in front.

Retailers Fight With with digital transformation challenges are likely has find Microsoft And SAP new Driven by AI tools as critical assets In their quest For efficiency, customer satisfaction, And Ultimately, profitability.

THE industry will be watching closely as these tools are put In practical And to start has shape THE future of retail operations And customer experiences.

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