Why invest in AI technology now?
The Swiss retail sector is facing a variety of challenges, from a shortage of staff to growing competition from Chinese online retailers such as Temu and Shein, not to mention price increases in purchasing. To remain competitive, you need to work more efficiently, address customers in a more targeted manner and make data-based decisions. This is precisely where artificial intelligence (AI) comes into play.
AI is no longer a topic for the future, but a tool that already helps to save time, increase revenue and use resources in a more targeted way. For small and medium-sized online retailers in particular, it’s worth taking a look at three key areas of application: