Latest / Omni Talk Retail / The Agentic Wars Have Begun: Why AI Agents Will Disrupt Retail Like E-Commerce In The 1990s
Transcript
- 0:00Foreigning
- 0:10us
- 0:10once
- 0:10again
- 0:10for
- 0:11five
- 0:11insightful
- 0:12minutes
- 0:12is
- 0:12one
- 0:12of
- 0:12our
- 0:13favorite
- 0:13recurring
- 0:14guests,
- 0:14David
- 0:15Dorff.
- 0:15David
- 0:16is
- 0:16the
- 0:16head
- 0:16of
- 0:16retail
- 0:17industry
- 0:17solutions
- 0:17at
- 0:18AWS
- 0:18and
- 0:19he
- 0:19always
- 0:19regales
- 0:20us
- 0:20with
- 0:20something
- 0:20fascinating
- 0:21about
- 0:22AI.
- 0:22David,
- 0:23welcome
- 0:23back
- 0:23to
- 0:24omnitalk.
- 0:24And
- 0:24let's
- 0:25get
- 0:25started
- 0:25with
- 0:25this.
- 0:26When
- 0:26you
- 0:26were
- 0:26here
- 0:27in
- 0:27April,
- 0:28you
- 0:28talked
- 0:28about
- 0:28AI
- 0:29agents
- 0:29and
- 0:29how
- 0:30you
- 0:30foresaw
- 0:30them
- 0:31changing
- 0:31retail
- 0:32over
- 0:32the
- 0:32next
- 0:32five
- 0:33years.
- 0:33What
- 0:34has
- 0:34changed,
- 0:34if
- 0:35anything,
- 0:36in
- 0:36the
- 0:36last
- 0:36six
- 0:37months?
- 0:38Yeah,
- 0:39I'll
- 0:39tell
- 0:39you
- 0:39what,
- 0:40one
- 0:40thing
- 0:41that's
- 0:41changed
- 0:41is
- 0:41it's
- 0:41gone
- 0:41a
- 0:41lot
- 0:42faster
- 0:42than
- 0:42I
- 0:42imagined.
- 0:43There's
- 0:44been
- 0:44so
- 0:44many
- 0:44crazy
- 0:45things
- 0:45happening.
- 0:46Case
- 0:46in
- 0:46point,
- 0:47Amazon
- 0:48came
- 0:48out
- 0:48with
- 0:48the
- 0:48buy
- 0:48for
- 0:49me.
- 0:49Google's
- 0:49got
- 0:50a
- 0:50shopping
- 0:50agent
- 0:50and
- 0:51OpenAI
- 0:51has
- 0:51got
- 0:51a
- 0:52shopping
- 0:52agent.
- 0:52Now
- 0:53it
- 0:53seems
- 0:54like
- 0:54they're
- 0:54all
- 0:54over
- 0:54the
- 0:54place.
- 0:54We
- 0:55have.
- 0:55The
- 0:55agentic
- 0:56wars
- 0:56have
- 0:57begun
- 0:57I
- 0:57think.
- 0:58So
- 0:58it's
- 0:59a
- 0:59race
- 0:59right
- 1:00now
- 1:00and
- 1:01I
- 1:01think
- 1:01this
- 1:01holiday
- 1:02season
- 1:02we're
- 1:02going
- 1:02to
- 1:02see
- 1:03how
- 1:03this
- 1:03stuff
- 1:03really
- 1:03works
- 1:04in
- 1:04action.
- 1:04I
- 1:04think
- 1:05a
- 1:05lot
- 1:05of
- 1:05search
- 1:06is
- 1:06going
- 1:06to
- 1:06emanate
- 1:07from
- 1:07these
- 1:07gen
- 1:07AI
- 1:08platforms
- 1:08and
- 1:09I
- 1:09think
- 1:09Adobe
- 1:09was
- 1:10showing
- 1:10like
- 1:101000%
- 1:11year
- 1:11over
- 1:12year
- 1:12growth
- 1:12with
- 1:13gen
- 1:13AI
- 1:13leads
- 1:14coming
- 1:14in
- 1:14for
- 1:15retail
- 1:15purchases.
- 1:16So
- 1:16I
- 1:16think
- 1:17it's
- 1:17still
- 1:17a
- 1:17small
- 1:17slice
- 1:18of
- 1:18the
- 1:18pie,
- 1:18but
- 1:19I
- 1:19think
- 1:19it's
- 1:19going
- 1:19to
- 1:19grow
- 1:19quite
- 1:20a
- 1:20bit.
- 1:20And
- 1:20then
- 1:20I
- 1:21think
- 1:21there's
- 1:21a
- 1:21lot
- 1:21of
- 1:21standards
- 1:22that
- 1:22are
- 1:22emerging
- 1:22that
- 1:22are
- 1:22very
- 1:23cool.
- 1:23So.
- 1:23So
- 1:23I
- 1:24saw
- 1:24Fortner
- 1:24has
- 1:24a
- 1:25trusted
- 1:25agentic
- 1:26commerce
- 1:27Protocol
- 1:27and
- 1:27Visa,
- 1:28MasterCard
- 1:28and
- 1:28PayPal
- 1:29have
- 1:29got
- 1:29come
- 1:29up
- 1:29with
- 1:30their
- 1:30own
- 1:30standards
- 1:31around
- 1:31payment
- 1:31for
- 1:32agents.
- 1:32So
- 1:32there's
- 1:33a
- 1:33lot
- 1:33of
- 1:33change
- 1:33out
- 1:34there.
- 1:34Then
- 1:35David,
- 1:35what
- 1:35happens
- 1:36for
- 1:36if
- 1:36I'm
- 1:36a
- 1:36retailer
- 1:37right
- 1:37now,
- 1:37how
- 1:37do
- 1:38I
- 1:38prepare
- 1:38for
- 1:38a
- 1:39holiday
- 1:39season
- 1:40where
- 1:40people
- 1:40are
- 1:40going
- 1:40to
- 1:41be
- 1:41asking
- 1:41these
- 1:41agents,
- 1:42you
- 1:42know,
- 1:43what
- 1:43do
- 1:43I
- 1:43get
- 1:43from
- 1:43my
- 1:44mother
- 1:44in
- 1:44law
- 1:44who
- 1:45hates
- 1:45the
- 1:45color
- 1:46green
- 1:46and
- 1:46everything
- 1:46I've
- 1:47given
- 1:47her
- 1:47in
- 1:47the
- 1:47history
- 1:48of
- 1:49Christmas?
- 1:50Yeah,
- 1:50yeah.
- 1:51So
- 1:51I
- 1:51think
- 1:52success
- 1:52increasingly
- 1:53depends
- 1:53on
- 1:53optimizing
- 1:54your
- 1:54website
- 1:55for
- 1:55both
- 1:55humans
- 1:56and
- 1:56agents.
- 1:56I
- 1:56know
- 1:57that
- 1:57sounds
- 1:57weird.
- 1:58We've
- 1:58all
- 1:58been
- 1:58doing
- 1:59search
- 1:59engine
- 1:59optimization
- 2:00and
- 2:00now
- 2:00we're
- 2:01starting
- 2:01to
- 2:01switch
- 2:01to
- 2:02generative
- 2:02engine
- 2:03optimization
- 2:03geo.
- 2:04So
- 2:05really
- 2:05there's
- 2:05three
- 2:05things
- 2:06that
- 2:06I
- 2:06think
- 2:06retailers
- 2:07need
- 2:07to
- 2:07think
- 2:07about.
- 2:08Number
- 2:08one
- 2:08is
- 2:08what
- 2:09is
- 2:09your
- 2:09strategy
- 2:09for
- 2:10inbound
- 2:10agents?
- 2:11Some
- 2:12retailers
- 2:12may
- 2:13choose
- 2:13to
- 2:13block
- 2:13them.
- 2:14Understood.
- 2:14Some
- 2:15may
- 2:15want
- 2:15to
- 2:15accept
- 2:15them
- 2:15but
- 2:16make
- 2:16it
- 2:16easier
- 2:16for
- 2:17agents
- 2:17to
- 2:17actually
- 2:18get
- 2:18the
- 2:18data
- 2:18that
- 2:18they
- 2:18need
- 2:19to
- 2:19execute
- 2:20a
- 2:20product
- 2:20lookup
- 2:21and
- 2:21an
- 2:21eventual
- 2:22checkout.
- 2:23The
- 2:23second
- 2:23thing
- 2:23they
- 2:24need
- 2:24to
- 2:24think
- 2:24about
- 2:24is
- 2:25what's
- 2:25your
- 2:25outbound
- 2:26Agent
- 2:26strategy.
- 2:27So
- 2:27do
- 2:27you
- 2:27want
- 2:28to
- 2:28extend
- 2:28your
- 2:28assortment,
- 2:29kind
- 2:29of
- 2:29like
- 2:29you
- 2:30would
- 2:30do
- 2:30with
- 2:30a
- 2:30marketplace,
- 2:31but
- 2:31by
- 2:31creating
- 2:32agents
- 2:32that
- 2:32go
- 2:32out
- 2:32to
- 2:33other
- 2:34platforms
- 2:34and
- 2:35buy
- 2:35on
- 2:35behalf
- 2:36of
- 2:36your
- 2:36customers?
- 2:37So
- 2:38that
- 2:38may
- 2:38work
- 2:38in
- 2:39some
- 2:39cases,
- 2:39in
- 2:39some
- 2:39it
- 2:40may
- 2:40not.
- 2:40And
- 2:41then
- 2:41the
- 2:41third
- 2:41thing
- 2:41they
- 2:42need
- 2:42to
- 2:42look
- 2:43at
- 2:43is
- 2:44what
- 2:44do
- 2:44you
- 2:44want
- 2:44to
- 2:44do
- 2:44with
- 2:44on
- 2:45site?
- 2:46Do
- 2:46you
- 2:46want
- 2:46to
- 2:46have
- 2:46an
- 2:46agent
- 2:47on
- 2:47your
- 2:47site
- 2:47like
- 2:48Amazon
- 2:49Rufus,
- 2:49for
- 2:49example,
- 2:50that
- 2:50can
- 2:50help
- 2:50make
- 2:51those
- 2:51recommendations
- 2:52so
- 2:52that
- 2:52you're
- 2:52capturing
- 2:53the
- 2:53customers
- 2:53and
- 2:54not,
- 2:54you
- 2:54know,
- 2:54just
- 2:54letting
- 2:55them
- 2:55go
- 2:55off
- 2:55to
- 2:55some
- 2:56LLM
- 2:56platform?
- 2:57So
- 2:58I
- 2:58think
- 2:58if
- 2:58they
- 2:58look
- 2:58at
- 2:59inbound,
- 2:59outbound
- 3:00and
- 3:00on
- 3:01site,
- 3:01those
- 3:01are
- 3:02two
- 3:02really
- 3:02big
- 3:03things
- 3:03for
- 3:03agents
- 3:04in
- 3:04commerce
- 3:04today.
- 3:05Oh
- 3:06my
- 3:06God,
- 3:06David,
- 3:06I
- 3:07have
- 3:07so
- 3:07many
- 3:07questions,
- 3:08but
- 3:08we
- 3:08only
- 3:08have
- 3:08five
- 3:08minutes,
- 3:09so.
- 3:10All
- 3:10right,
- 3:10I'm
- 3:10going
- 3:10to
- 3:10try
- 3:10to
- 3:10pull
- 3:11my.
- 3:11To
- 3:11try
- 3:11to
- 3:12boil
- 3:12down
- 3:12everything
- 3:12in
- 3:12my
- 3:12head
- 3:13into
- 3:13this.
- 3:13So.
- 3:14So
- 3:14if,
- 3:14if
- 3:14that's
- 3:15the
- 3:15case,
- 3:15what
- 3:15technical
- 3:16infrastructure
- 3:17do
- 3:17retailers
- 3:18need
- 3:18to
- 3:18be
- 3:18successful
- 3:19given
- 3:19whatever
- 3:19approach
- 3:20they
- 3:20want
- 3:20to
- 3:20take?
- 3:21Yeah,
- 3:22so
- 3:22right
- 3:22now
- 3:22the
- 3:23way
- 3:23a
- 3:23lot
- 3:23of
- 3:23these
- 3:23agents
- 3:24execute
- 3:24checkout
- 3:25is
- 3:25through
- 3:26the
- 3:26browser.
- 3:27And
- 3:27so
- 3:27they're
- 3:27sort
- 3:28of
- 3:28emulating
- 3:28a
- 3:28person
- 3:29clicking
- 3:29and
- 3:30all
- 3:30that
- 3:30kind
- 3:30of
- 3:30stuff.
- 3:30They
- 3:31can
- 3:31use
- 3:31something
- 3:31like
- 3:32Amazon
- 3:33Nova
- 3:33act,
- 3:34which
- 3:34is
- 3:34a
- 3:34browser
- 3:35based
- 3:35LLM,
- 3:36but
- 3:36that
- 3:36can
- 3:37be
- 3:37unreliable
- 3:37and
- 3:38tricky.
- 3:38Lots
- 3:38of
- 3:39JavaScript
- 3:39can
- 3:39mess
- 3:40it
- 3:40up
- 3:40and
- 3:40things
- 3:40like
- 3:40that.
- 3:41What
- 3:41retailers
- 3:42need
- 3:42to
- 3:42think
- 3:42about,
- 3:43can
- 3:43I
- 3:43avail
- 3:44my
- 3:44product
- 3:44catalog
- 3:45to
- 3:45these
- 3:45LLMs?
- 3:46So
- 3:46you
- 3:46may
- 3:47want
- 3:47to
- 3:47create
- 3:47some
- 3:48APIs
- 3:48to
- 3:48make
- 3:48it
- 3:48easier.
- 3:49We
- 3:49really
- 3:49need
- 3:49to
- 3:50digitize
- 3:50that
- 3:50interface.
- 3:52That
- 3:52way
- 3:52agents
- 3:53can
- 3:53find
- 3:53the
- 3:53products
- 3:53that
- 3:54they're
- 3:54looking
- 3:54for
- 3:54and
- 3:54execute
- 3:55those
- 3:55checkouts
- 3:56a
- 3:56little
- 3:56bit
- 3:56easier.
- 3:57And
- 3:57the
- 3:57other
- 3:57thing
- 3:58we
- 3:58need
- 3:58to
- 3:58keep
- 3:58an
- 3:58eye
- 3:58on,
- 3:59like
- 3:59if
- 3:59you're
- 3:59having
- 3:59an
- 4:00on
- 4:00site
- 4:00LLM
- 4:01for
- 4:01conversational
- 4:02search,
- 4:03we're
- 4:03starting
- 4:03to
- 4:04see
- 4:04domain
- 4:04specific
- 4:05LLMs
- 4:06come
- 4:06to
- 4:06market.
- 4:06So
- 4:07we've
- 4:07seen
- 4:07some
- 4:07for
- 4:07healthcare
- 4:08and
- 4:08finance
- 4:09and
- 4:10I
- 4:10think
- 4:10retail
- 4:10is
- 4:10not
- 4:10far
- 4:11behind.
- 4:11We'll
- 4:11have
- 4:12large
- 4:12language
- 4:12models
- 4:13that
- 4:13are
- 4:13trained
- 4:13specifically
- 4:14on
- 4:14product
- 4:14catalogs
- 4:15to
- 4:16make
- 4:16really
- 4:16clean
- 4:16recommendations.
- 4:17So
- 4:17there's
- 4:18some
- 4:18cool
- 4:18stuff
- 4:18coming
- 4:19around
- 4:19the
- 4:19corner.
- 4:20Wow.
- 4:21I
- 4:22don't
- 4:22even
- 4:22know
- 4:22if
- 4:23I
- 4:23can
- 4:23ask
- 4:24you
- 4:24this
- 4:24without
- 4:24having
- 4:24more
- 4:25questions,
- 4:25like
- 4:25Chris
- 4:26said.
- 4:26But
- 4:26if
- 4:26you
- 4:26had
- 4:26a
- 4:26crystal
- 4:27ball,
- 4:28what
- 4:28do
- 4:28you
- 4:28think
- 4:28it
- 4:28would
- 4:29reveal
- 4:29about
- 4:29the
- 4:30future
- 4:30of
- 4:30agentic
- 4:31commerce?
- 4:31David?
- 4:33So
- 4:34just
- 4:34like
- 4:34the
- 4:35Chief
- 4:35Digital
- 4:36Officer
- 4:36kind
- 4:36of
- 4:36ushered
- 4:37in
- 4:37E
- 4:37commerce
- 4:38for
- 4:38retailers,
- 4:39I
- 4:39think
- 4:39we're
- 4:39going
- 4:40to
- 4:40see
- 4:40more
- 4:40chief
- 4:40AI
- 4:41Officers.
- 4:41Officers
- 4:42popping
- 4:42up.
- 4:42You
- 4:42probably
- 4:43saw
- 4:43Lululemon.
- 4:45Yeah,
- 4:46yeah,
- 4:46they
- 4:46just
- 4:46named
- 4:47wow.
- 4:47Okay,
- 4:47Officers.
- 4:48And
- 4:49I
- 4:49think
- 4:49that's
- 4:49important.
- 4:50You
- 4:50really
- 4:50need
- 4:50somebody
- 4:51that's
- 4:51tasked
- 4:52with
- 4:52getting
- 4:52AI
- 4:53in
- 4:53the
- 4:53whole
- 4:54business.
- 4:55It's
- 4:55not
- 4:55just
- 4:55about
- 4:56commerce.
- 4:56There's
- 4:57a
- 4:57lot
- 4:57of
- 4:57really
- 4:57cool
- 4:58stuff
- 4:58you
- 4:58can
- 4:58do
- 4:58on
- 4:58the
- 4:58back
- 4:59end,
- 4:59too.
- 5:00So
- 5:00automating
- 5:01decisions
- 5:02around
- 5:02forecasting,
- 5:03pricing
- 5:04allocations,
- 5:05marketing.
- 5:06There's
- 5:06a
- 5:06lot
- 5:06of
- 5:07really
- 5:07good
- 5:07things
- 5:07that
- 5:08agents
- 5:08can
- 5:08help
- 5:08with
- 5:09on
- 5:09the
- 5:09back
- 5:09end.
- 5:10So
- 5:10I
- 5:10think
- 5:10we're
- 5:10going
- 5:10to
- 5:11see
- 5:11a
- 5:11lot
- 5:11more
- 5:11of
- 5:12that
- 5:12as
- 5:12well.
- 5:12And
- 5:12that's
- 5:12all
- 5:12going
- 5:13to
- 5:13lead
- 5:13to
- 5:13better
- 5:13customer
- 5:14experiences
- 5:14in
- 5:14the
- 5:15long
- 5:15run.
- 5:16And
- 5:16if
- 5:17anybody's
- 5:17interested,
- 5:18Granger,
- 5:19Cisco
- 5:19and
- 5:19Fanatics
- 5:20are
- 5:20going
- 5:20to
- 5:20be
- 5:20talking
- 5:21about
- 5:21their
- 5:21use
- 5:21of
- 5:22agents
- 5:22at
- 5:23Re
- 5:23Invent,
- 5:23which
- 5:23is
- 5:24our
- 5:24user
- 5:24conference
- 5:24coming
- 5:25up
- 5:25in
- 5:25November
- 5:25in
- 5:27Las
- 5:27Vegas.
- 5:28So
- 5:28that
- 5:29said,
- 5:29I
- 5:29really
- 5:29think
- 5:30agent
- 5:31commerce
- 5:31is
- 5:31going
- 5:31to
- 5:31disrupt
- 5:32the
- 5:32retail
- 5:33industry
- 5:33in
- 5:33much
- 5:34the
- 5:34same
- 5:34way
- 5:34E
- 5:34commerce
- 5:35did
- 5:35back
- 5:35in
- 5:35the
- 5:361990s.
- 5:37So
- 5:37this
- 5:37is
- 5:37a
- 5:38retailer's
- 5:38opportunity
- 5:39to
- 5:39sort
- 5:39of
- 5:39stay
- 5:39ahead
- 5:40and
- 5:40understand
- 5:41how
- 5:41this
- 5:42is
- 5:42going
- 5:42to
- 5:42work
- 5:42and
- 5:42make
- 5:42it
- 5:42a
- 5:43competitive
- 5:43advantage
- 5:44or
- 5:44risk
- 5:44falling
- 5:45behind.
- 5:45Wow.
- 5:46Great
- 5:46stuff,
- 5:47David.
- 5:47Oh,
- 5:47my
- 5:47gosh,
- 5:48great
- 5:48stuff.
- 5:48Thank
- 5:49you.