Intelligent CXO Issue 37 | Page 30

FEATURE higher-value transactions and reaping the rewards of enhanced commission structures .
In this AI-powered realm , the possibilities are as limitless as the benefits they bring – from heightened customer satisfaction to bolstered bottom lines . Welcome to the future where innovation meets intuition , and every interaction is a testament to the transformative power of AI .
New revenue opportunities
AI emerges as the ultimate treasure map in the ever-evolving commerce landscape , guiding businesses toward uncharted market territories ripe for exploration . Imagine the possibility of AI algorithms meticulously analysing demographics and consumer preferences , unveiling hidden niches and untapped opportunities with the precision of a seasoned explorer . But the adventure doesn ’ t end there .
AI doesn ’ t just stop at discovery ; it ’ s the catalyst for transformation . By delving deep into customer sentiment , AI refines offerings , amplifies market share and sets the stage for unprecedented growth . From forecasting demand to creating innovative products , AI ’ s prowess knows no bounds , revolutionising the very essence of business strategy .
But here ’ s the kicker : these lucrative prospects aren ’ t reserved for the chosen few . In the era of the ‘ new normal ’, retailers armed with open minds , boundless creativity and a thirst for innovation stand poised to seize the day . The formula for success ? Embrace Digital Transformation with AI as your trusted ally and future-proof your business against the tides of change .
What companies should consider when investing in AI
Prepare for a seismic shift : AI ’ s transformative power is beginning to unfurl . According to PwC ’ s Global AI Study , by 2030 , AI is poised to inject a staggering US $ 15.7 trillion into the global economy . Yet , realising this immense potential
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