What is the future of retail – Ashley Dudarenok

 

Ashley Dudarenok

Retail sees a fast-moving playing field, as data analysis, AI, AR, and an ongoing integration of online and offline developments. Hong Kong-based marketing expert Ashley Dudarenok dives into the future of retail at her updated website.

Ashley Dudarenok:

• What is the future of retail and how is it evolving?

  The future of retail is evolving towards a more integrated and personalized experience driven by advancements in technology like AI and omnichannel strategies.

• What sets the Chinese market apart in the future of retail compared to others?

  China’s retail market stands out due to its rapid adoption of innovative technologies like AI, mobile payments, and livestream shopping. This market’s agility in integrating these advancements has transformed consumer experiences, driving significant growth and setting new trends globally in the future of retail.

• What can others learn from the future of retail in China?

  Observing China’s effective integration of omnichannel strategies and innovative marketing techniques such as livestream shopping provides insights into adapting retail models to meet evolving consumer demands and preferences worldwide in the future of retail.

• What trends are shaping the future of retail?

  Key trends in the future of retail include the rise of omnichannel retail, AI and automation integration, personalized customer experiences, and the growth of e-commerce.

• How is AI impacting the future of retail?

  AI is enhancing the future of retail through predictive analytics, personalized recommendations, inventory management optimization, and customer service automation.

• How leveraging data analytics help the future of retail?

  Retailers use data analytics to understand consumer behavior, optimize pricing strategies, personalize marketing campaigns, and forecast demand, improving overall business performance in the future of retail.

• What are the challenges facing brick-and-mortar retailers in the future of retail?

  Retailers use data analytics to understand consumer behavior, optimize pricing strategies, personalize marketing campaigns, and forecast demand, improving overall business performance in the future of retail.

• What are the emerging technologies transforming the future of retail?

  Emerging technologies like augmented reality (AR) for virtual try-ons, the Internet of Things (IoT) for smart inventory management, and blockchain for supply chain transparency are revolutionizing operations in the future of retail.

• What impact does globalization have on the future of retail?

  Globalization expands market reach for retailers, influencing product diversity, international logistics, and cross-border e-commerce, shaping retail strategies worldwide in the future of retail.

• How is consumer behavior evolving in the future of retail?

  Consumers today prioritize convenience, personalized experiences, and ethical considerations, influencing how retailers innovate and adapt their strategies to meet evolving expectations in the future of retail.

More at Ashley Dudarenok’s website.

Ashley Dudarenok is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more marketing experts at the China Speakers Bureau? Do check out this list.

Living in the metaverse – Alvin Wang Graylin

 

Alvin Wang Graylin

Alvin Wang Graylin discusses his book Our Next Reality: Preparing for the AI-powered Metaverse, in Moonshots, together with Peter Diamandis, and discuss how AI and AR will affect all aspects of society in the coming future.

Alvin Wang Graylin is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more innovation experts at the China Speakers Bureau? Do check out this list.

AI will help to improve XR operations – Alvin Wang Graylin

 

Alvin Wang Graylin

AI is going to have a major beneficial effect on extended reality (XR), like augmented reality (AR), virtual reality (VR) and mixed reality (MR), says Alvin Wang Graylin, China President and Global VP of Corporate Development at HTC at Golf Business. “Motion tracking, hand tracking, voice interactions, spatial scanning, and procedural world generation would all not be possible without AI,” adds Graylin.

Gulf Business:

When combined with extended reality (XR) technologies such as augmented reality (AR), virtual reality (VR) and mixed reality (MR), AI opens a world of creative possibilities but raises new issues related to privacy, manipulation, and safety.

“AI will solve the biggest issue the XR space faces by democratising content creation and bringing its cost to near zero,” said Alvin Wang Graylin, China President and Global VP of Corporate Development at HTC – who will be speaking at DeepFest 2024.

“And immersive technologies will enable unlimited virtual worlds to give an outlet for the energy and renewed purpose to the billions of displaced workers that AI will create in the coming decade due to its massive gains in productivity.”

The promise of XR is fueling predictions for an array of once-unthinkable possibilities within the fast-emerging metaverse. “By 2030 people could be spending more time in the metaverse than in the real world,” KPMG said in a report while projecting that people will be applying for jobs, earning a living, meeting with friends and shopping using the virtual capabilities of the metaverse…

A study by PwC revealed that the use of AR and VR for soft skills training was four times faster than in a traditional classroom setting.

Together with AI, XR will deliver physical interactions dynamically and in real-time. The innovative technology will achieve this by overlaying digital elements in the real-world environment, enabling businesses to deliver contextually pertinent just-in-time data, support, and information to people who are navigating complex experiences.

“AI-related technologies have been a major part of almost all aspects of enabling immersive computing to be possible. Motion tracking, hand tracking, voice interactions, spatial scanning, and procedural world generation would all not be possible without AI,” said Graylin.

From enhancing productivity to transforming customer experiences, XR presents an array of benefits for businesses looking to gain a competitive edge in the market. Companies can use the technology to virtually design and test new products and experiences much faster and at a fraction of the cost and to deliver immersive and personalised entertainment experiences that can’t be replicated in the real world.

More at Gulf Business.

The Book “Our Next Reality”, co-authored by Alvin Wang Gray is available on Amazon: https://a.co/d/2PhsWmU

Alvin Wang Graylin is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.

Are you looking for more experts on innovation at the China Speakers Bureau? Do check out this list.