retail
Leaders need to look out for "model decay and data drift: Your model loses relevance over time" as well as "runaway training costs – GPU bills can kill ROI if not governed..."
Stores are using AI tools to drive customers directly to products
"Shrouded in shame, embarrassment, and discrimination, creating stigma with serious consequences at both the societal and individual levels…”
"With Atlas Vector Search we can compose sophisticated queries that quickly filter across product data, customer preferences and vector embeddings to precisely identify hyper-relevant product recommendations in real time"
CEO vows to equip “mom-and-pop” shops with AI, as Coca-Cola CIO Neeraj Tolmare says "our approach to AI has been 'learn by doing'", flags marketing opportunities.
"... The sales trends for those franchises in the wholesale channel was substantially better.”
"Beginning as early as 2025, we will begin testing more enhanced features like dynamic pricing and day-part offerings along with AI-enabled menu changes"
"The scale of incoming information from all corners of the globe will allow McDonald’s GenAI models to better understand the broadest range of patterns and nuances"