Sainsbury's, a British grocery chain, announced on Friday that it and Microsoft had reached a five-year strategic agreement. The relationship would use Microsoft's artificial intelligence skills and the retail group's extensive data.
More shops are utilising generative AI to improve tailored shopping experiences for customers and streamline staff working procedures in an effort to increase revenue and reduce costs.
Following Tesco, Sainsbury's, the second-biggest grocery store in Britain, said that it will employ artificial intelligence (AI) to enhance search capabilities and make online shopping more engaging for customers.
Employees in stores would have access to real-time information and insights for crucial tasks like stock replenishment.
Sainsbury's indicated that there would be a decrease in the time it took to launch new services and product developments.
There was no disclosure of the partnership's finances.
In February, Sainsbury's gave the market an update on its plans, promising to increase returns for shareholders and announcing a new cost-savings target of 1 billion pounds ($1.3 billion) over three years.
It predicted last month that profits would rise by up to 10% for the current fiscal year, which started on March 3. It is optimistic that it can keep gaining clients from competitors.
(Source:www.theprint.in)
More shops are utilising generative AI to improve tailored shopping experiences for customers and streamline staff working procedures in an effort to increase revenue and reduce costs.
Following Tesco, Sainsbury's, the second-biggest grocery store in Britain, said that it will employ artificial intelligence (AI) to enhance search capabilities and make online shopping more engaging for customers.
Employees in stores would have access to real-time information and insights for crucial tasks like stock replenishment.
Sainsbury's indicated that there would be a decrease in the time it took to launch new services and product developments.
There was no disclosure of the partnership's finances.
In February, Sainsbury's gave the market an update on its plans, promising to increase returns for shareholders and announcing a new cost-savings target of 1 billion pounds ($1.3 billion) over three years.
It predicted last month that profits would rise by up to 10% for the current fiscal year, which started on March 3. It is optimistic that it can keep gaining clients from competitors.
(Source:www.theprint.in)
