Retail
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Blog
AI in the retail industry is spreading beyond the IT department
AI spending outside traditional IT operations is increasing at retail organizations, according to new research, with executives saying they want to expand into more sophisticated AI use cases. A report from the IBM Institute for Business Value found that 81% of surveyed executives and 96% of their team are already using AI to a moderate or significant extent. However, executives…
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Latest POS Trends Shaping Retail and Hospitality Industries
POS technology has impacted the retail industry far and wide ever since its debut in the 1970s. Before the modern POS system, transactions were manual, cash-based, and tangible. However, with the advent of technology, the POS has changed how retailers do business and how consumers do their shopping. Though the first POS was focused on processing cash payments in a…
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Blue Yonder ransomware attack disrupts grocery, retail, and hospitality firms
Supply chain software company Blue Yonder has revealed it suffered a ransomware attack causing operational disruption for some of its customers, including a number of UK grocery and retail stores. The firm’s solutions use AI and machine learning algorithms to help retail customers model demand and respond to market changes by optimizing their inventory accordingly. Blue Yonder provides software for…
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5 Best Retail Accounting Software for 2024
You probably don’t need us to tell you that growing a retail business depends on having the right software tools for handling payments and financials. What might not be so obvious is how costly it can be if you choose a solution that doesn’t meet your needs. Retail is a very broad term, and the concerns of an online-only ecommerce…
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The 5 Best Retail POS Systems for 2024
Retail businesses need a POS system that goes beyond ringing up sales and accepting payments. A good POS system has robust inventory management tools, omnichannel sales, streamlined customer relationship management (CRM) features, employee management, and reports that help in business decisions. Top retail POS comparison Alongside pricing, there are some important features that set apart the best retail POS software…
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