Retailers benefit from Microsoft’s latest generative AI capabilities unveiling

Retailers benefit from Microsoft’s latest generative AI capabilities unveiling

Microsoft has released new⁢ generative AI (genAI) capabilities along with other updates to⁢ help retailers create better ‍customer experiences for⁣ online shoppers.

The new features include a Copilot template, currently‌ available in preview, that lets retailers build personalized ​shopping experiences that ⁣can be later embedded into an app or website allowing shoppers ⁤to make‍ queries in natural language.

The‍ company claims the templates, which are powered by GPT-4 through Azure OpenAI Service, can assist⁤ an⁤ online shopper in the same way ⁤a store associate would aid‌ a ‍buyer in a brick-and-mortar store.

This template ​can also surface complementary items to increase basket size ⁣and bolster customer satisfaction, the company said in a statement.

Another​ new Copilot template, also now in⁣ preview, can support​ store ‌operations by helping associates working across physical outlets glean insights ⁤from their flow of⁤ work. Store ⁢associates and managers can ⁤use the template, for example, to ⁣create a⁤ genAI ⁤assistant to get answers to questions on ‌store procedures,⁤ product catalogs, HR policies, and benefits.

Additionally, the assistant can ⁣be⁣ used ‌to ⁤get access‍ to customer information, which ⁢could help better in-store‌ shopping experiences.

“Applications built with ⁣the Copilot template can also give store‍ leaders a view into employees’ and customers’ most frequently ⁤asked questions, allowing them to gain insights​ that help them take meaningful‍ actions, such as ⁤updating training, procedures,⁢ or ⁤guidelines,” ​the company said.

Microsoft Experience Centers — physical store⁣ locations⁣ in New York City, Sydney and London⁤ that allow shoppers‌ to experience‍ Microsoft ​products and make retail purchases — will ⁤be ​among the⁤ first retailers to‌ implement this particular Copilot template.

New data capabilities ⁢in Microsoft Fabric

As part of the updates, the ‍company added⁣ new data capabilities ‍to its unified data warehousing and analytics​ service, Microsoft Fabric, to help ​retailers ​derive actionable⁣ insights from their data.

These capabilities include a​ data model inside the service that ‍allows retailers to plan, architect ‍and design data solutions. “This retail ​industry data model, which is generally available, can be used⁤ for data governance, reporting, business intelligence and advanced analytics,” Microsoft said.

Other features ⁢added to ⁤Fabric, all currently in preview, include a data connector and analytics templates. The data connector, according to Microsoft, can ‌be used to bring retailers’ data from Sitecore OrderCloud (preview) into Microsoft Fabric in real time.

“Under this unified lens, retailers can ⁤access insights and tools to proactively improve customer satisfaction and ⁣business operations at every touchpoint from storefront​ to fulfillment,” the company said.

Separately, ‌the ⁣Analytics ⁣templates, which include ⁣modules such as frequently brought ​together items, is⁣ expected to provide actionable, data-driven recommendations…

2024-01-16 00:41:04
Original from⁤ www.computerworld.com

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