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Why Every Retailer Needs Generative AI in 2024

Why Every Retailer Needs Generative AI in 2024

A Game-Changer for Growth and Customer Experience!

Big news alert! Google Cloud just spilled the beans on some game-changing insights that could skyrocket your business in 2024. They talked to over 270 top dogs in the retail world—CEOs, tech whizzes, and business gurus—and here's the lowdown.

A recent study by Google Cloud shows that 81% of people who make decisions in the retail industry in the US really want to start using advanced computer programs (called generative AI) in their businesses. About 72% feel ready to use these technologies right now. The study also found that these decision-makers are planning to hire more experts in data and computer science.

The study reveals that these retail leaders have identified five main ways they want to use this smart technology in 2024, including making customer service faster, creating better advertisements, and helping out their employees. The research suggests that these new technologies are becoming more important in the retail world, and many companies are planning to use them to make their businesses better.

 

Key Points:

  • Many retail leaders in the US are excited to use advanced computer programs in their businesses.
  • About 81% of them feel the urgency to start using these technologies.
  • The study shows that they are planning to hire more experts in data and computer science.
  • Retail leaders have identified five main ways they want to use this smart technology in 2024.

The research suggests that these new technologies are becoming more important in the retail world, and many companies are planning to use them to make their businesses better.

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