Retailistic

The Paris AI Council Summit Recap: Part Three

Episode Summary

In this episode, Deborah Weinswig and Renee Hartmann discuss their takeaways from the AI Summit in Paris. They highlight the importance of provenance and authenticity in the art world and how AI can help track and trace genuine art. They also discuss the changing landscape of search and how AI is impacting product recommendations. The conversation touches on the potential of AI to revolutionize the shopping experience, from personalized styling to virtual closets. They also explore the role of AI in pricing optimization, retail media, and demand forecasting. Overall, the episode emphasizes the need for retailers to embrace AI to stay competitive and meet consumer expectations.

Episode Notes

Takeaways

• Provenance and authenticity are crucial in the art world, and AI can help track and trace genuine art.
• AI is changing the landscape of search and impacting product recommendations.
• AI has the potential to revolutionize the shopping experience, from personalized styling to virtual closets.
• Pricing optimization, retail media, and demand forecasting are key areas where AI can drive value for retailers.

Sound Bites

• "Who would think that we would have someone from the art world who would really kind of disrupt all our thinking?"
• "To have that kind of machine learning behind it is fascinating."
• "Search is dead, it's kind of a fascinating topic."