International Journal of Social and Education (INJOSEDU)
Vol. 1 No. 1 (2024): April

ARTIFICIAL INTELLIGENCE IN THE RETAIL SECTOR: MARKET AND BUSINESS MODEL TRANSFORMATION

Ibrahim Sagio (Universitas Tanjungpura)
Ignatius Septo Pramesworo (Perbanas Institute, Jakarta)
Silvia Ekasari (STIE Manajemen Bisnis Indonesia)



Article Info

Publish Date
30 May 2024

Abstract

In the dynamic landscape of the retail industry, Artificial Intelligence (AI) has become an important catalyst for transformation. The study in this research used a literature review. The research findings show that AI contributes to the personalization of the customer experience, with machine learning algorithms offering personalized product recommendations, increasing engagement, and stimulating sales. In terms of inventory and supply chain management, AI helps optimize stock through accurate forecasting, reduce wastage, and adapt procurement to changing market demands. Automated cashier operations and the use of chatbots effectively reduce waiting times and improve customer service quality. Analysis of the rapid development of consumer behavior through AI allows for more responsive and aspiring marketing strategies.

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Journal Info

Abbrev

injosedu

Publisher

Subject

Social Sciences

Description

International Journal of Social and Education (INJOSEDU) is a journal that deals with social, cultural, economic, political and educational issues. Education covers all kinds of fields of education, in the sphere of family, school, and even higher education. The field of education is not confined to ...