AI Revolution for Retail: Simplifying Pricing and Promotion | EP 183

Join us on Cloud and Clear, SADA's cloud transformation podcast. This episode features leaders from Revionics and Google Cloud discussing the transformative impact of AI in retail. Discover how AI enhances customer experience, optimizes pricing, and drives operational excellence. Learn about the role of Google Cloud in powering these advancements and get insights into the future of AI in retail. Take advantage of this insightful conversation. Like, share, and subscribe for more!   📺 YouTube Playlist 🎙 Podcast Library   Host: Joyce Mueller | Director of Retail Solutions at SADA Guest: Matthew Pavich | Senior Director of Strategy and Innovation at Revionics Guest: Paul Tepfenhart | Global Director of Retail Consumer Strategy and Solutions at Google Cloud   To learn more about our impact, visit our website here: SADA.com   Chapters 00:00 - Introduction and discussion on the speed of pricing and promotions 02:10 - Paul Tepfenhart talks about the adoption of AI in retail 03:30 - Paul Tepfenhart predicts increased adoption of AI in various areas of retail 05:00 - Matthew Pavich discusses the use of AI for sustainability initiatives in retail 06:30 - Encouragement to explore AI in retail 08:00 - Misconceptions about price optimization and AI in retail 10:30 - The importance of using the right tools and technology in retail 11:00 - Matthew Pavich: Misconceptions about price optimization 12:30 - Paul Tepfenhart: Pricing optimization for businesses of all sizes 14:00 - Joyce Mueller: AI leveling the playing field for retailers 15:30 - Paul Tepfenhart: Predictions for pricing optimization in the next 12-18 months 17:00 - Matthew Pavich: Rapid growth in electronic shelf labels and online retail 18:30 - Matthew Pavich: Solving harder challenges in pricing and personalization 19:30 - Paul Tepfenhart on the benefits of pricing optimization for businesses of all sizes 21:00 - Paul Tepfenhart on predictions for pricing optimization in the next 12 to 18 months 22:19: Joyce Mueller Closing Remarks