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Top Takeaways from the US-China AI Tech Summit, Part 2: Cross-Industrial Disruption

Last week, the Coresight Research team attended the first-ever US-China AI Tech Summit, which was held in Silicon Valley. Our first report on the conference covered the day’s morning sessions, including a fireside chat with Apple Cofounder Steve Wozniak. The second half of the event focused on applications of artificial intelligence (AI) across industries. Experts from the fintech, legal, enterprise and nonprofit realms discussed the challenges ahead and the greatest opportunities for AI integration.

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Retail-Tech Landscape: US

Retail-Tech Landscape US
Analytics/Predictive Analytics: Leveraging data to generate new opportunities and identify the likelihood of
future outcomes in order to enable more strategic decision making.

Brick-and-Mortar Data Capture: Developing in-store analytics technologies that provide visibility into store operations
and the performance of products, promotions and employees.

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Innovator Intelligence: Spring Marketplace – Leveraging Real-Time Purchase Data to Provide Robust CRM and Marketing Across Online and In-Store Retail

Spring Marketplace (Spring) has created a platform that helps retailers extend their existing customer relationship management (CRM) and marketing efforts beyond traditional methods. Through partnerships with payment networks (Visa, Mastercard and American Express), Spring connects consumers’ payment cards to customized retail loyalty programs, enabling retailers to track how their digital marketing affects in-store transactions and tailor their future efforts accordingly.

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Artificial Intelligence in Retail, Part 1: Applications Across Customer-Facing Functions

This report is the first in a short series looking at the application of artificial intelligence (AI) in retail. Here, we explore AI applications across the customer-facing functions of retail. Our proprietary CORE (communication, optimization of pricing, rationalization of inventory and experiential retail) framework demonstrates the applicability of AI in customer-facing functions. The technology can be used for:

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Notes from Breakfast with the Disruptors, Featuring Retail AI Companies

Coresight Research recently held its inaugural Breakfast with the Disruptors event, where eight startups that are applying artificial intelligence (AI) to solve retailers’ problems pitched their businesses to an estimated 400 guests. The event was hosted by Global Brands Group (GBG) in the Empire State Building in New York City and was sponsored by Celect, GBG and Li & Fung.

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