AI solutions are making it easier for retailers and brands to do business.
Imagine a world where AI can not only automate tasks but also help you solve problems more creatively. That’s the future SAP envisions with its generative AI innovations, which were unveiled at its annual SAP Sapphire conference.
SAP’s generative AI copilot, Joule, is also expanding throughout the company’s solution portfolio. Joule can quickly sort and contextualize data from multiple systems to improve decision-making. It launched in SAP SuccessFactors last fall and is now embedded into SAP S/4HANA Cloud solutions and others.
Other findings in the report include that claims and appeasement fraud cases increased by 1.5 percent yearly and that 10.5 percent of claims and appeasement cases are fraudulent. The report also revealed that fraudsters are becoming more sophisticated in targeting retailers. For example, fraudsters are joining online forums.
For smaller apparel and footwear brands, the platform is ideal. Users don’t need a Ph.D. in technology to create a website. Wix also offers AI-powered tools to help businesses grow their digital presence. The company said the additions build upon Wix’s current suite of AI features and its AI Website Builder.
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