Latest / Omni Talk Retail / How AI & Cloud Technology Are Shaping The Future Of Fashion Retail With Doug Tiffan Of AWS | 5IM
Transcript
- 0:09Joining
- 0:10us
- 0:10now
- 0:10for
- 0:10five
- 0:10insightful
- 0:11minutes
- 0:11is
- 0:11Doug
- 0:12Tiffin.
- 0:12Doug
- 0:13is
- 0:13the
- 0:13head
- 0:13of
- 0:13solutions
- 0:14strategy
- 0:14for
- 0:15fashion
- 0:15and
- 0:15apparel
- 0:16at
- 0:16Amazon
- 0:16Web
- 0:17Services.
- 0:18Doug,
- 0:18first
- 0:18question,
- 0:19what
- 0:19is
- 0:20taking
- 0:20place
- 0:20in
- 0:20the
- 0:21fashion
- 0:21and
- 0:21apparel
- 0:22space
- 0:22right
- 0:22now?
- 0:23And
- 0:23how
- 0:23are
- 0:23you
- 0:24seeing
- 0:24retailers
- 0:24invest
- 0:25in
- 0:25cloud
- 0:25technologies?
- 0:27So
- 0:28the
- 0:28rapid
- 0:29growth
- 0:29of
- 0:29E
- 0:29commerce
- 0:30that
- 0:30was
- 0:30spurred
- 0:30by
- 0:30the
- 0:31pandemic
- 0:31is
- 0:31mostly
- 0:32stabilized
- 0:32right
- 0:33now.
- 0:33But
- 0:33what
- 0:34has
- 0:34changed
- 0:35is
- 0:35consumer
- 0:36behavior
- 0:36and
- 0:36I
- 0:37believe
- 0:37it's
- 0:37going
- 0:37to
- 0:37continue
- 0:38to
- 0:38change.
- 0:38And
- 0:39the
- 0:39expectations
- 0:40now
- 0:41are
- 0:41kind
- 0:41of
- 0:41higher
- 0:42than
- 0:42level
- 0:43for
- 0:44the
- 0:44retailers
- 0:45and
- 0:45brands.
- 0:46So
- 0:47customers
- 0:48today,
- 0:48they're
- 0:48less
- 0:49loyal
- 0:49to
- 0:49brands
- 0:50and
- 0:50they're
- 0:50expecting
- 0:51great
- 0:51shopping
- 0:52experiences
- 0:52that
- 0:52are
- 0:53connected
- 0:54no
- 0:54matter
- 0:54where
- 0:55they
- 0:55interact
- 0:55with
- 0:55the
- 0:55retailer,
- 0:56whether
- 0:56it
- 0:56be
- 0:57online
- 0:57or
- 0:58in
- 0:58an
- 0:58app,
- 0:59in
- 0:59the
- 0:59store
- 0:59or
- 1:00in
- 1:00social
- 1:00media.
- 1:02So
- 1:02retailers
- 1:03must
- 1:04rapidly
- 1:04adapt
- 1:04and
- 1:05change
- 1:05investing
- 1:06in
- 1:06technology
- 1:06to
- 1:07meet
- 1:07their
- 1:07customers
- 1:08changing
- 1:09expectations.
- 1:10So
- 1:10this
- 1:10includes
- 1:11investing
- 1:11in
- 1:11AI
- 1:12and
- 1:12cloud
- 1:12technologies
- 1:13that
- 1:13power
- 1:13better
- 1:14shopping
- 1:14experiences
- 1:15like
- 1:16personalization,
- 1:17or
- 1:18improving
- 1:18business
- 1:19processes
- 1:19like
- 1:20leveraging
- 1:20AI
- 1:21to
- 1:21create
- 1:21product
- 1:22images
- 1:22or
- 1:23product
- 1:23descriptions
- 1:25and
- 1:25then
- 1:26using
- 1:26AI
- 1:27to
- 1:27create
- 1:27the
- 1:27next
- 1:28level
- 1:28of
- 1:28customer
- 1:29services
- 1:29that
- 1:30involve
- 1:30all
- 1:30these
- 1:31things
- 1:31before
- 1:31personalization,
- 1:32product
- 1:32data
- 1:33all
- 1:33into
- 1:33one
- 1:34great
- 1:34customer
- 1:35experience.
- 1:36Doug,
- 1:37inflation
- 1:37has
- 1:37eased.
- 1:38Certainly
- 1:38the
- 1:39industry
- 1:39has
- 1:39not
- 1:40yet
- 1:40recovered
- 1:41though
- 1:41to
- 1:41pre
- 1:42pandemic
- 1:42levels.
- 1:42For
- 1:42example,
- 1:43we're
- 1:43seeing
- 1:43supply
- 1:44chain
- 1:44disruptions,
- 1:45high
- 1:45interest
- 1:46rates,
- 1:46geopolitical
- 1:47uncertainties,
- 1:47and
- 1:48all
- 1:48this
- 1:48may
- 1:48lead
- 1:49executives
- 1:49to
- 1:49be
- 1:49a
- 1:49little
- 1:49bit
- 1:50more
- 1:50cautious
- 1:50about
- 1:50their
- 1:51technology
- 1:51investment.
- 1:52So
- 1:52I'm
- 1:52curious,
- 1:53what
- 1:53AI
- 1:53investments
- 1:54you
- 1:54think
- 1:54are
- 1:54going
- 1:54to
- 1:55have
- 1:55the
- 1:55biggest
- 1:55impact
- 1:56on
- 1:56profitability
- 1:56and
- 1:57customer
- 1:57loyalty
- 1:58within
- 1:58the
- 1:58fashion
- 1:59and
- 1:59apparel
- 1:59space?
- 2:00Yeah,
- 2:01fashion
- 2:01brands
- 2:02and
- 2:02retailers
- 2:02are
- 2:03concerned
- 2:03about
- 2:04customer
- 2:04acquisition,
- 2:05but
- 2:05mostly
- 2:05about
- 2:06customer
- 2:06retention.
- 2:07They're
- 2:07constantly
- 2:08things
- 2:09like
- 2:09personalization
- 2:10and
- 2:11enhancing,
- 2:12enhancing
- 2:13digital
- 2:13engagement,
- 2:14next
- 2:14level
- 2:15customer
- 2:15service,
- 2:16all
- 2:16with
- 2:16the
- 2:17intent
- 2:17of
- 2:17creating
- 2:18delightful
- 2:19shopping
- 2:19experiences.
- 2:20So
- 2:21the
- 2:21AI
- 2:21behind
- 2:22that
- 2:22can
- 2:22be
- 2:23in
- 2:23things
- 2:23like
- 2:23personalization.
- 2:24For
- 2:24example,
- 2:25AI
- 2:26can
- 2:26understand
- 2:28vast
- 2:28amounts
- 2:29of
- 2:29data
- 2:29like
- 2:30shopping
- 2:30history,
- 2:31browsing
- 2:32history,
- 2:32and
- 2:32pull
- 2:33all
- 2:33that
- 2:33together
- 2:33to
- 2:34give
- 2:34relevant
- 2:35product
- 2:35recommendations
- 2:36in
- 2:37session
- 2:37for
- 2:37each
- 2:38customer
- 2:38as
- 2:38they
- 2:38shop.
- 2:39Personalization
- 2:40can
- 2:40even
- 2:40reach
- 2:41into
- 2:41marketing.
- 2:42And
- 2:42instead
- 2:42of
- 2:43marketing
- 2:43to
- 2:44giant
- 2:44segments
- 2:45like
- 2:45we've
- 2:45done
- 2:45in
- 2:45the
- 2:45past,
- 2:45we
- 2:46can
- 2:46literally
- 2:46cater
- 2:47marketing
- 2:47messaging
- 2:48to
- 2:48the
- 2:48individual.
- 2:49Another
- 2:50area
- 2:51that
- 2:51I
- 2:51see
- 2:51investment
- 2:52in
- 2:52is
- 2:52product
- 2:53search
- 2:53and
- 2:53discovery.
- 2:5460%
- 2:54of,
- 2:55yeah,
- 2:5660%
- 2:56of
- 2:57shoppers
- 2:57will
- 2:57go
- 2:57straight
- 2:58to
- 2:58the
- 2:58search
- 2:58bar
- 2:58when
- 2:59they
- 2:59hit
- 2:59a
- 2:59retailer
- 2:59site.
- 3:00And
- 3:00if
- 3:00they
- 3:01don't
- 3:01find
- 3:01what
- 3:01they're
- 3:01looking
- 3:01for
- 3:02within
- 3:02a
- 3:02few
- 3:02clicks,
- 3:0380%
- 3:03of
- 3:03the
- 3:03time
- 3:03they're
- 3:04going
- 3:04to
- 3:04bolt
- 3:04for
- 3:04another
- 3:04website.
- 3:05So
- 3:06AI
- 3:07technologies
- 3:07can
- 3:08help
- 3:09by
- 3:09help
- 3:09letting
- 3:10customers
- 3:11search
- 3:11by
- 3:11using
- 3:12product
- 3:12images
- 3:13and
- 3:13statements
- 3:14instead
- 3:14of
- 3:14just
- 3:14keywords.
- 3:15They
- 3:15can
- 3:15ask
- 3:16a
- 3:16question
- 3:16and
- 3:17I
- 3:17can
- 3:17identify
- 3:18items
- 3:19in
- 3:19that
- 3:19retailer's
- 3:20assortment
- 3:20that
- 3:21meet
- 3:21the
- 3:21need
- 3:21of
- 3:21that
- 3:21consumer
- 3:22and
- 3:23then
- 3:24give
- 3:24them
- 3:24that
- 3:24offering.
- 3:25You
- 3:25know,
- 3:25shoppers
- 3:26can
- 3:26find
- 3:26exactly
- 3:26what
- 3:27they're
- 3:27looking
- 3:27for
- 3:28and
- 3:28then
- 3:29walk
- 3:29away
- 3:29with
- 3:29a
- 3:29great
- 3:30customer
- 3:30experience.
- 3:31And
- 3:31then
- 3:32finally,
- 3:32the
- 3:32last
- 3:32place
- 3:33I
- 3:33see
- 3:33investments
- 3:34are
- 3:34really
- 3:34in
- 3:34the
- 3:35customer
- 3:35service
- 3:35space.
- 3:36So
- 3:36AI
- 3:37powered
- 3:37chatbots
- 3:38can
- 3:38offer
- 3:3824
- 3:39hours,
- 3:39you
- 3:39know,
- 3:40customer
- 3:41help
- 3:42and
- 3:43customers
- 3:43can
- 3:44come
- 3:44in
- 3:44and
- 3:45the
- 3:45AI
- 3:45can
- 3:46understand
- 3:46their
- 3:46intent
- 3:47and
- 3:47give
- 3:48them
- 3:48the
- 3:48answers
- 3:48they
- 3:48need
- 3:49to
- 3:49get
- 3:49to
- 3:49what
- 3:49they're
- 3:49looking
- 3:50for.
- 3:50That
- 3:50would
- 3:50be
- 3:50help
- 3:50with
- 3:51a
- 3:51problem
- 3:51or
- 3:52finding
- 3:52a
- 3:52product.
- 3:53And
- 3:53another
- 3:53version
- 3:54of
- 3:54a
- 3:55chatbot
- 3:56is
- 3:56personal
- 3:57stylists
- 3:57that
- 3:57I
- 3:57see
- 3:58happening
- 3:58a
- 3:58lot
- 3:58where
- 3:59either
- 4:00in
- 4:00an
- 4:00app
- 4:00or
- 4:00in
- 4:00a
- 4:01website,
- 4:01a
- 4:01customer
- 4:01can
- 4:01go
- 4:02in
- 4:02and
- 4:02ask
- 4:02questions
- 4:03on
- 4:03what
- 4:03to
- 4:04wear.
- 4:04For
- 4:04example,
- 4:05if
- 4:05you
- 4:05want
- 4:06to
- 4:06find
- 4:06a
- 4:06dress
- 4:06for
- 4:06New
- 4:06Year's
- 4:07Eve
- 4:07in
- 4:07Manhattan,
- 4:07which
- 4:08I
- 4:08buy,
- 4:08an
- 4:08AI
- 4:09can
- 4:10not
- 4:10only
- 4:10give
- 4:10you
- 4:10the
- 4:10dress,
- 4:11but
- 4:11also
- 4:11rounded
- 4:11out
- 4:12with
- 4:12the
- 4:12handbag
- 4:13and
- 4:13the
- 4:13shoes
- 4:13to
- 4:13go
- 4:14with
- 4:14it.
- 4:14So
- 4:14let's
- 4:14get
- 4:14you
- 4:15out
- 4:15of
- 4:15here
- 4:15on
- 4:15this.
- 4:16If
- 4:16we
- 4:16consider
- 4:16a
- 4:16long
- 4:17term
- 4:17or
- 4:17take
- 4:17a
- 4:17longer
- 4:18term
- 4:18view,
- 4:19what
- 4:19do
- 4:19retailers
- 4:19need
- 4:20to
- 4:20take
- 4:20action
- 4:20on
- 4:21now
- 4:21to
- 4:21drive
- 4:22more
- 4:22value
- 4:23in
- 4:23the
- 4:23future?
- 4:23Right
- 4:24now,
- 4:24right
- 4:24this
- 4:24second.
- 4:25Doug,
- 4:25what
- 4:25would
- 4:25you
- 4:25tell
- 4:26retailers?
- 4:27Top
- 4:27of
- 4:27my
- 4:27mind
- 4:28is
- 4:28develop
- 4:29and
- 4:29enforce
- 4:29a
- 4:30complete
- 4:30data
- 4:31strategy.
- 4:31All
- 4:31the
- 4:32cool
- 4:32AI
- 4:32in
- 4:32the
- 4:33world
- 4:33won't
- 4:34help
- 4:34you
- 4:34if
- 4:34the
- 4:34foundational
- 4:35data
- 4:35is
- 4:35not
- 4:36in
- 4:36good
- 4:36shape.
- 4:37The
- 4:37second
- 4:37thing
- 4:37would
- 4:38be
- 4:38take
- 4:39your
- 4:39vision
- 4:39for
- 4:40a
- 4:40differentiated
- 4:41customer
- 4:41experience
- 4:41and
- 4:41invest
- 4:42in
- 4:42the
- 4:42technology
- 4:43that
- 4:43you
- 4:44need
- 4:44to
- 4:44support
- 4:44that
- 4:45vision.
- 4:46Anticipate
- 4:46that
- 4:47your
- 4:47customers
- 4:48demands
- 4:48and
- 4:49expectations
- 4:49are
- 4:50going
- 4:50to
- 4:50continue
- 4:51to
- 4:51change.
- 4:52And
- 4:52so
- 4:52you
- 4:53want
- 4:53to
- 4:53make
- 4:53sure
- 4:53that
- 4:53you're
- 4:54positioned
- 4:54to
- 4:54be
- 4:54able
- 4:54to
- 4:55meet
- 4:55those
- 4:55changes.
- 4:57And
- 4:57then
- 4:58also
- 4:58think
- 4:58of
- 4:58AI
- 4:59as
- 4:59a
- 4:59member
- 5:00of
- 5:00your
- 5:00team.
- 5:00They're
- 5:00a
- 5:01highly
- 5:01potential
- 5:02team
- 5:03member
- 5:03that
- 5:03is
- 5:04capable
- 5:04of
- 5:04great
- 5:04things,
- 5:05but
- 5:05they
- 5:06need
- 5:06time
- 5:06and
- 5:06training
- 5:06to
- 5:07get
- 5:07up
- 5:07to
- 5:07speed.
- 5:07So
- 5:08start
- 5:08now.
- 5:10You
- 5:10know,
- 5:10if
- 5:10your
- 5:10team
- 5:11is
- 5:11new
- 5:11to
- 5:11AI,
- 5:12get
- 5:12them
- 5:12started
- 5:12on
- 5:13internal
- 5:13projects,
- 5:14then
- 5:14some
- 5:14short
- 5:14ones
- 5:15to
- 5:15get
- 5:15some
- 5:15quick
- 5:15wins
- 5:16and
- 5:16build
- 5:16that
- 5:16muscle
- 5:17memory
- 5:17so
- 5:17then
- 5:18they
- 5:18can
- 5:18turn
- 5:18around
- 5:19and
- 5:19work
- 5:19on
- 5:19some
- 5:19longer
- 5:20term
- 5:20strategic
- 5:21projects
- 5:21that
- 5:21could
- 5:21really
- 5:22deliver
- 5:22big
- 5:22value.
- 5:23And
- 5:23then
- 5:23finally
- 5:24plan
- 5:24for
- 5:25the
- 5:25long
- 5:25term.
- 5:26Clearly
- 5:27define
- 5:27and
- 5:28communicate
- 5:29the
- 5:29vision
- 5:30for
- 5:30your
- 5:30organization
- 5:30to
- 5:31focus
- 5:31on.
- 5:31So
- 5:31as
- 5:32AI
- 5:32projects
- 5:33come
- 5:33up,
- 5:34you
- 5:34can
- 5:34make
- 5:35everybody
- 5:35knows
- 5:35they
- 5:35need
- 5:36to
- 5:36be
- 5:36aligned
- 5:36to
- 5:36those
- 5:36goals
- 5:37and
- 5:37help
- 5:37drive
- 5:37them.
- 5:38And
- 5:38just
- 5:39know
- 5:39that
- 5:39you're
- 5:39not
- 5:39alone
- 5:39in
- 5:40this
- 5:40aws
- 5:41and
- 5:41our
- 5:41partners
- 5:41are
- 5:42here
- 5:42to
- 5:42help
- 5:43to
- 5:44give
- 5:44you
- 5:44the
- 5:45technology
- 5:45and
- 5:45solutions
- 5:46that
- 5:46you
- 5:46need
- 5:46to
- 5:46power
- 5:47your
- 5:47success.
- 5:49Thanks,
- 5:49Doug.
- 5:49Great
- 5:49stuff,
- 5:50Doug.
- 5:50Thank
- 5:50you.