The retail industry anticipates a transformative year ahead with a focus on innovation, sustainable practices, and robust growth, driven by changing customer experiences, AI integration and more With a rollercoaster ride of large highs in 2023, the retail sector is set to begin a period of exciting growth driven by innovation and changing customer experience. […]
In 2023, the fashion industry witnessed a transformative shift towards sustainable practices, reflecting a changing consumer ethos. The demand for eco-friendly clothing saw a remarkable 25 per cent increase, indicating a growing consciousness among consumers. Sustainable fashion became more than a trend; it became a cornerstone of consumer preferences. Another significant trend in 2023 was […]
The year 2023 has proven to be a pivotal and transformative period for India’s ecommerce sector, marked by noteworthy shifts in consumer dynamics, technological innovations, and regulatory frameworks. As the industry reflects on the past year, key players across various domains within the e-commerce landscape unveil critical insights into the transformative trends that have defined […]
Based on a report, Edtech company Physics Wallah wants to increase its offline presence by growing to 100 centres from its existing 64. In 2023, the company plans to open 50 physical locations. About 140,000 students received services from the company in 2023, and another 240,000 will receive them the following year, according to co-founder […]
Flipkart, the ecommerce marketplace, has unveiled FlipTrends 2023 — a view into India’s online shopping landscape. The FlipTrends Report offers insights into the evolving preferences and behaviour of Indian online shoppers, based on Flipkart’s understanding of over 500 million registered users. Riding the wave of the festive season, consumer sentiment remains positive across the country, […]
A report on Friday revealed that 85 per cent of Indian businesses use external cloud providers for analytics, marking the nation’s lead in cloud, artificial intelligence (AI) and machine learning (ML) adoption that outpaced other countries like Germany (66 per cent), New Zealand (70 per cent), and Spain (58 per cent). Solidifying its excellence India […]
IT company Accenture is collaborating with Unilever, as part of a strategic initiative to leverage the consumer goods multinational’s artificial intelligence (AI) research and implementation of technologies to enhance productivity, drive efficiencies and accelerate disruptive and AI-powered innovations at scale. The AI development will start from Unilever’s global AI Lab “Horizon3 Labs”, which recently opened […]
Dell Technologies reported third-quarter revenue below estimates on Thursday, attributing it to a slower-than-expected recovery in the hardware and software market. The company’s shares declined by 4 per cent after the announcement. The overall market witnessed a demand slowdown following the surge in electronic device sales during Covid lockdowns, driven by increased work-from-home measures. In […]
Chinese conglomerate Alibaba has announced plans to make its artificial intelligence (AI) model, Tongyi Qianwen, widely available to the public. The Chinese regulatory has approved the plan, according to a news report published on its WeChat account. The report also mentioned that in the near future, an open source version of the large language model […]
Apple is reportedly in talks for its substantial investments in artificial intelligence (AI), allocating millions of dollars to upgrade ‘Siri’, its digital assistant, according to a media report on Thursday. The iPhone major aims to deeply integrate Siri with the shortcut’s automation tool as a part of the iOS 18 update which is likely to […]
