GDPR

How enterprise AI will change brick and mortar retail

Many retail stores have yet to introduce AI into their business. However, it’s worth looking at what impact this technology will have on the industry.This past year, artificial intelligence seeped into numerous facets of life. It seems as though no industry is exempt from this technology’s potential and those companies that implement AI are pulling…


Many retail stores have yet to introduce AI into their business. However, it’s worth looking at what impact this technology will have on the industry.

This past year, artificial intelligence seeped into numerous facets of life. It seems as though no industry is exempt from this technology’s potential and those companies that implement AI are pulling ahead. According to Deloitte’s State of AI in the Enterprise 2018 report, 82% of early adopters of AI saw positive ROI. Revenues from the artificial intelligence for enterprise applications market worldwide is set to grow exponentially through 2025.

One industry heavily investing in AI is retail. Retail spending on AI will likely reach $7.3B by 2022. There are many applications for enterprise AI in retail. And while most think about the online impact of AI, brick and mortar retailers have uses for this technology as well. 

  • Google is bringing AI to the call centre
  • Customer experience in an AI world
  • Do you speak data? Retailers and the data literacy opportunity

Many retail stores have yet to introduce AI into their business. However, it’s worth looking at what impact this technology will have on the industry. Here’s a look at how AI will impact physical retail stores.

Personalisation gets customers back into the store

As retailers know, loyal customers are the most valuable. AI solves the problem of getting those customers back into the store to buy again. Retailers have so much data to use to dissect buying patterns. Then, machine learning algorithms can predict future purchasing patterns of shoppers. Retailers can use this information to send offers on these products either online or by attaching specialised offers to catalogs. A completely personalised campaign will likely put the shopper back in the physical location because AI predicted what they would likely buy next and the offer gave them a nudge to go and buy the item.

For most retailers, the first step is understanding what data they have and what they can do with it. Furthermore, with the introduction of GDPR, it’s cru

Read More

Be the first to write a comment.

Leave a Reply

GDPR

Marriott owner facing huge GDPR breach fine

The owner of the Marriott hotel chain is set to face a £99m fine following a data breach that left thousand of customer details exposed.The fine from the UK’s Information Commissioner’s Office (ICO) comes after the personal data of approximately 339 million guest records globally were breachedd following a cyberattack.Amazon Prime Day deals: see all…


The owner of the Marriott hotel chain is set to face a £99m fine following a data breach that left thousand of customer details exposed.

The fine from the UK’s Information Commissioner’s Office (ICO) comes after the personal data of approximately 339 million guest records globally were breachedd following a cyberattack.

Amazon Prime Day deals: see all the best early offers right here.

The breach was referred to the ICO by Marriott in November 2018 as around 30 million of those customers affected were residents of 31 countries in the European Economic Area (EEA) – and seven million related

Read More

Continue Reading
GDPR

Predicting the Future of Internet Privacy

About the authorBrett Dunst is the vice president of corporate communications at DreamHost.Every day, a new headline reminds us that keeping our online data private remains a constant struggle. Ongoing controversies involving Facebook and other social media sites only reinforce the point. It’s become depressingly common to hear of security breaches involving organizations who have…


About the author

Brett Dunst is the vice president of corporate communications at DreamHost.

Every day, a new headline reminds us that keeping our online data private remains a constant struggle. Ongoing controversies involving Facebook and other social media sites only reinforce the point. It’s become depressingly common to hear of security breaches involving organizations who have been given access to our personal data—organizations that we’ve often never even heard of before!

How did we get here? History shows that we’ve come a long way in a short time, and reminds us that we don’t lack for founding principles. History also reminds us that our attitudes toward online privacy and the ways we attempt to control it have evolved. So, where is the next evolution going to take us? We have some ideas.

Amazon Prime Day deals: see all the best early offers right here.

1) Encryption Will Become the New Normal

Encryption is an admittedly big tent. It encompasses everything from the hashing that safeguards passwords to the algorithms that guarantee the authenticity of digital signatures. Whatever form it takes, however, encryption represents the tech industry’s attempt to address the various issues clustering aro

Read More

Continue Reading
GDPR

UAE data protection law, similar to GDPR, likely landing this year

The UAE is looking at implementing a data protection law, similar to EU’s introduction of General Data Protection Regulation (GDPR) in 2008, as part of the UAE National Cybersecurity Strategy.TRA has launched the 2020-2025 strategy as the country is entering the fifth-generation era in a bid to enable swift and coordinated response to cyber incidents…


The UAE is looking at implementing a data protection law, similar to EU’s introduction of General Data Protection Regulation (GDPR) in 2008, as part of the UAE National Cybersecurity Strategy.

TRA has launched the 2020-2025 strategy as the country is entering the fifth-generation era in a bid to enable swift and coordinated response to cyber incidents in the UAE.  “Part of the strategy is that data privacy is crucial to the cyber and the UAE is regulating and drafting a data protection law. We will look at the best performing practices performed worldwide; GDPR will be one of the inputs to it. We want to make sure that whatever regulations are put, are easy to be implemented across different sectors,” Mohammad Al Zarooni, Director of Policies and Programs Department at Telecommunications Regulatory Authority (TRA) of the UAE,told TechRadar Middle East, at an event.

Read More

Continue Reading
GDPR

Security is now a board level issue: how to secure the data supply chain

It has never been more crucial for businesses to implement and demonstrate their commitment to cybersecurity; with data increasingly being used to make significant business decisions. While historically, the major concerns for senior management around IT security have focused on intellectual property theft and reputational risk, ongoing changes in technology and politics have changed today’s business…


It has never been more crucial for businesses to implement and demonstrate their commitment to cybersecurity; with data increasingly being used to make significant business decisions. 

While historically, the major concerns for senior management around IT security have focused on intellectual property theft and reputational risk, ongoing changes in technology and politics have changed today’s business landscape and priorities significantly. With GDPR now in full force, organisations must demonstrate to stakeholders that they are making a credible effort to ensure that security is built into the heart of business operations. 

IT security budgets are falling

  • Half of organizations lack the security talent needed to remain secure
  • Empowering CISOs to strengthen password security
  • Vulnerabilities in the data supply chain

    Organisations must first understand what potential vulnerabilities look like within a data supply chain, so they can be recognised and mitigated. As cyberattacks increase in sophistication, they are likely to be so subtle that they don’t visibly impact a system; providing misleading information to force erroneous decisions. Ironically, whilst this type of attack will be very difficult to detect, early identification is vital in order to prevent significant damage.

    The first

    Read More

    Continue Reading