Connect with us

Tools & Platforms

Scotta taps Nextail AI powered technology to support retailer’s growth across stores and online — Retail Technology Innovation Hub

Published

on


“We’re committed to growing without compromising our values or customer experience. Partnering with Nextail allows us to proactively address operational bottlenecks and bring more precision and agility to our stock decisions. As we grow, it will be even more important to continue delivering on our brand promise of offering high-quality products at a fair price with an authentic story,” says Carlos Serra, Scotta CEO.

By leveraging Nextail, Scotta aims to boost sell-through and margins, reduce markdowns and stockouts, and improve strategic collaboration across teams through data driven insights and automation.

“Growing brands like Scotta prove that forward thinkers don’t need to wait to operate like larger industry leaders,” says Carlos Miragall, CEO and Co-Founder at Nextail. “By choosing to tackle key inventory challenges early on, they’re setting the foundation for sustainable and efficient growth, and we’re proud to be part of that story.”

RTIH AI in Retail Awards

RTIH, organiser of the industry leading RTIH Innovation Awards, proudly brings you the first edition of the RTIH AI in Retail Awards, which is now open for entries. 

As we witness a digital transformation revolution across all channels, AI tools are reshaping the omnichannel game, from personalising customer experiences to optimising inventory, uncovering insights into consumer behaviour, and enhancing the human element of retailers’ businesses.

With 2025 set to be the year when AI and especially gen AI shake off the ‘heavily hyped’ tag and become embedded in retail business processes, our newly launched awards celebrate global technology innovation in a fast moving omnichannel world and the resulting benefits for retailers, shoppers and employees.

Our 2025 winners will be those companies who not only recognise the potential of AI, but also make it usable in everyday work – resulting in more efficiency and innovation in all areas.

Winners will be announced at an evening event at The Barbican in Central London on Wednesday, 3rd September.  



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tools & Platforms

Tech Philosophy and AI Strategy – Stratechery by Ben Thompson

Published

on


A drawing of Apple, Microsoft, OpenAI, Anthropic, Meta, and Google on the AI Tech Philosophy Opportunity Graph
(Stratechery)

Welcome back to This Week in Stratechery!

As a reminder, each week, every Friday, we’re sending out this overview of content in the Stratechery bundle; highlighted links are free for everyone. Additionally, you have complete control over what we send to you. If you don’t want to receive This Week in Stratechery emails (there is no podcast), please uncheck the box in your delivery settings.

On that note, here were a few of our favorites this week.

  1. Who Invests and Why? As Mark Zuckerberg and Meta inflame the already raging talent wars, I wanted to explore if there was a way to understand who was willing to invest to win, and who was not. I came up with two scales: how big is the business opportunity for a given company, and whether or not that company’s philosophy is about helping users, or doing things for them. Not only does this intersection of Tech Philosophy and AI Opportunity explain the actions of Meta and Apple, it also helped me fully rectify some of my long-standing confusion about Google. Ben Thompson
  2. Apple Searches for an AI Partner. If Apple isn’t going to pay for AI talent, then they need a partner, which is why Apple is considering a partnership with either Anthropic or OpenAI to power a new version of Siri. For one, thinking about what OpenAI and Anthropic would want from a deal with Apple provides a window into the goals distinguishing two of the leading AI labs in the world. As for Apple, the news highlights the corner that they’ve backed themselves into after several years of failed AI efforts internally and one prolonged and very public failure with last year’s Apple Intelligence rollout. The choices now? Either surrender control and branding to OpenAI, or pay big money to Anthropic (a far cry from collecting $20 billion a year from Google for default search placement). In either case, Apple management will have to leave its comfort zone, and looking at the past few years, perhaps that comfort zone was the problem.  Andrew Sharp
  3. Is Xi Jinping on His Way Out? Every week I survey the news to prep for Sharp China, and for about two months now, there’s been a steady thrum of rumors concerning the political fate of Xi Jinping. Connecting the dots between Xi’s unexplained absences from public view, a spate of dismissals of powerful generals from the People’s Liberation Army, and a surprise absence at the BRICS summit in Brazil a few weeks ago, various internet sleuths and commentators are wondering whether Xi’s long-unshakeable hold on power may be waning. For the second half of this week’s episode, Sinocism’s Bill Bishop, who’s been studying the CCP for 30 years, explained why he finds the public evidence unconvincing and the rumor ecosystem increasingly frustrating. It was a rollicking conversation, and one that I caveated with my own note: what’s most remarkable to me about this rumor cycle is that because of the CCP’s unbelievable opacity, there is a hard limit on what any expert can conclusively say about the future of anyone in powereven the big man, himself.  AS

Stratechery Articles and Updates

Dithering with Ben Thompson and Daring Fireball’s John Gruber

Asianometry with Jon Yu

Sharp China with Andrew Sharp and Sinocism’s Bill Bishop

Greatest of All Talk with Andrew Sharp and WaPo’s Ben Golliver

Sharp Tech with Andrew Sharp and Ben Thompson

This week’s Stratechery video is on Checking In on AI and the Big Five.


Get notified about new Articles




Source link

Continue Reading

Tools & Platforms

Intel spins out AI robotics company RealSense with $50 million raise

Published

on


Brian Krzanich, chief executive officer of Intel Corp., right, shows the collision avoidance feature of an AscTec Firefly drone with Intel RealSense cameras during the 2015 Consumer Electronics Show (CES) in Las Vegas, Nevada.

Patrick T. Fallon | Bloomberg | Getty Images

Intel is spinning out its artificial intelligence robotics and biometric venture as more companies bet big on automation tools.

The new company, known as RealSense, was announced Friday and comes alongside a $50-million Series A funding round that includes MediaTek Innovation Fund and Intel Capital, the chipmaker’s venture arm that it is also spinning out.

RealSense, which makes the tools and technology for robotics automation, said it plans to use the funding to develop new product lines and meet growing demand worldwide. Nadav Orbach, Intel’s current vice president and general manager for incubation and disruptive innovation, will serve as CEO.

“The timing is now for physical AI,” as the technology gains more use cases and traction, Orbach told CNBC in an interview. “We want to develop new product lines. We see the demand and we see the need, and with where it’s at right now, the right thing for us was to raise external funds.”

Companies across the globe have ramped up investment in the burgeoning robotics space as AI use cases expand.

Morgan Stanley expects the market for humanoid robots to hit $5 trillion by 2050 as tech companies, including Tesla and Amazon, bet big on the technology and automation.

Elsewhere, Nvidia CEO Jensen Huang called robotics the biggest opportunity for the chipmaker after AI, and Salesforce CEO Marc Benioff last month claimed AI is handling 30% to 50% of the software vendor’s work.

Intel has undergone a series of cost-cutting plans after the worst year for its stock in decades.

The company axed CEO Pat Gelsinger and cut jobs last year as it struggled to keep up with AI competition. In April, the company said it would sell a majority of its stake in chip subsidiary Altera.

RealSense, formerly known as Intel Perceptual Computing, was created more than a decade ago to investigate 3D vision technology and launched its first product in 2015. The company employs about 130 people across the U.S., Israel and China and caters to autonomous robot manufacturers such as Eyesynth and Unitree Robotics.

Orbach said RealSense is focused on bringing more safety tools to the industry and easy-to-use technology for its customers. Intel will maintain a minority stake in the company.



Source link

Continue Reading

Tools & Platforms

The AI trends driving business success

Published

on




Source link

Continue Reading

Trending