Artificial intelligence (AI) will give productivity a major boost in the retail sector, according Maxime Cohen, Professor of Retail and Operations Management at 9I制作厂免费 Desautels, home to the Bensadoun School of Retail Management (BSRM)鈥檚 retail innovation lab.
The Bensadoun School of Retail Management, in collaboration with the Master of Management in Analytics (MMA) at 9I制作厂免费 Desautels Faculty of Management, is pleased to announce the launch of the Data Sphere Lab.
Technologies like artificial intelligence are changing the way we shop. But change can be intimidating, and people can be reluctant to adopt it. The Bensadoun School of Retail Management鈥檚 Retail Innovation Lab provides such an example. At the highly automated Couche-Tard location on 9I制作厂免费 campus, cameras in the store allow customers to make frictionless purchases that don鈥檛 require bar codes to be scanned. Still, many people don鈥檛 want to use them.
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October 5-13, 2023
Want to work collaboratively in a fun yet competitive environment to develop innovative generative AI solutions for the ALDO Group鈥檚 Data & Analytics Corporate Team?
This first edition of the Retail Gen AI Hackathon, powered by ALDO Group, is a unique opportunity to work on a real-life problem, develop a solution in a fast-paced environment, and learn how AI and data analytics can help retailers make better data-driven decisions within their operations.
AI's impact on retail is set to revolutionize the industry, from crowd measurement to price management, changing the in-store experience significantly. Certified analytics and marketing intelligence professional Christian Bourque explains how infrared technology is currently used to analyze foot traffic levels and reveal the upcoming technological frontier in retail, stating that 9I制作厂免费鈥檚 Retail Innovation Lab in the Bronfman pavilion exemplifies the store of the future.
Authors:听Demetrios Vakratsas and Wei-Lin Wang
Publication: Journal of Marketing, Forthcoming,聽first published online as EXPRESS: May 9, 2023
Even in a year that venture capitalists鈥 go-to bank collapsed, and venture capital funding slowed to a trickle, the disruptive power of startups has never been clearer. The 2023 CNBC Disruptor 50 list was the eleventh iteration of the list, and the top spot should come as no surprise. The generative artificial intelligence company OpenAI is the maker of ChatGPT, and no new technological application has created more buzz since the dawn of social media 鈥 or even the web itself.
About sixty entrepreneurs from Vaudreuil-Soulanges region joined Desautels faculty and staff for a conference on best practices in retail.
E-commerce has made it possible to order almost anything online, but that has made it more challenging for brick-and-mortar retailers to attract shoppers and with more stores sitting vacant, some shopping malls have gotten creative, and added temporary pop-up activities like roller skating and haunted houses. Before the pandemic, commercial landlords demanded multi-year leases, said Charles de Brabant, executive director at 9I制作厂免费鈥檚 Bensadoun School of Retail Management.
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Two faculty members of the Bensadoun School of Retail Management were named to Rethink Retail鈥檚 Top Retail Influencers list for 2023.聽 Professors Maxime Cohen and Saibal Ray were both recognized with this distinction, alongside some of the world鈥檚 top retail experts, consultants, analysts, academics, journalists, and thought leaders who are making an impact in the online retail community.
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Authors: Maxime C. Cohen, Alexandre Jacquillat,聽Juan Camilo Serpa and Michael Benborhoum
Publication: Management Science, Forthcoming
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2021 was an anti-climactic year for Black Friday sales. Global supply chains had been disrupted, inventory was very low, and demand was very high. So, retailers had little incentive to sell items at discounted prices. 2022 has been a little different, said Prof Maxime Cohen in an interview with CTV News. Some supply chain disruptions have been alleviated, and there is excess inventory in certain product categories. This set of circumstances encourages retailers to discount products more aggressively.聽聽
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Black Friday offers cut-rate deals, but low prices can come with a high environmental cost. If shoppers don鈥檛 make choices wisely, their purchases could end up in the landfill.
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The Innovating Commerce Serving Communities (ICSC) conference in Toronto aims to create connections and catalyze deals between the innovators, dealmakers and changemakers who are driving retail forward. The Bensadoun School of Retail Management was well represented at this year鈥檚 three-day expo and networking event, which was held at the Metro Toronto Convention Centre.
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Aldo Bensadoun began his career at a chemical company, but that didn鈥檛 align with his values 鈥 or his vision. The entrepreneur launched ALDO in 1972, with a vision of love, respect, and integrity. Fifty years later, the company has more than 3,000 stores around the world.