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5 Ways Retailers and Consumer Brands Can Maximize Value With AI

5 Ways Retailers Can Maximize Value with AI Thumbnail

Retailers and consumer brands have a unique opportunity to use generative AI to transform their businesses in a variety of ways, from automating product catalog creation to personalizing the shopping experience to creating market content with a click. AI drives more value and builds resiliency by improving time to market, creating competitive advantage, and gaining operational efficiency.

Drive key outcomes with Lucidworks and Google Cloud for better in-the-moment personalization, improved average order value (AOV), and improved gross margin return on investment inventory (GMROI).

  • In-the-Moment Personalization: Utilize AI capabilities to deliver personalized experiences to customers in real-time, enhancing engagement and satisfaction.
  • Improved Average Order Value (AOV): Implement AI-driven strategies to increase the average value of customer orders, leading to higher revenue per transaction.
  • Enhanced Gross Margin Return on Investment (GMROI): Leveraging AI for inventory management and optimization results in improved gross margin returns, ensuring efficient use of resources and inventory.

78% of consumers view a brand differently after experiencing search difficulties

Learn how the integration of Lucidworks and Google Cloud with generative AI presents significant opportunities for retailers and ecommerce brands to enhance their operations, drive value, and achieve key business outcomes.

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