EdTech Insight – AI at the retail edge: What’s new, and what’s coming soon

by | Apr 11, 2024 | CIO, News & Insights

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Executive Summary and Main Points

The recent advancements and utilization of Generative AI (GenAI) and increased compute power at the retail edge signify a pivotal moment for the sector. Technologies like conversational large language models (LLMs) and AI-driven computer vision are setting the stage for context-aware automation in retail, enhancing customer experience and reducing operational costs. Applications including AI-driven order taking in drive-throughs, smart changing rooms with RFID and GenAI integration, and AI-enhanced self-checkout systems reflect the transformative potential of these innovations in the retail industry.

Potential Impact in the Education Sector

Further Education, Higher Education, and Micro-credentialing can all benefit from AI’s potential to deliver personalized learning experiences, automate administrative tasks, and improve operational efficiency. Strategic partnerships between education providers and technology companies could be instrumental in harnessing these technologies. For instance, conversational AI can enhance student support services, while RFID and AI integration can optimize asset management and inventory in campus retail operations. Similarly, AI can play a crucial role in the verification and issue of micro-credentials, thus ensuring their authenticity and value in the job market.

Potential Applicability in the Education Sector

Innovative applications of AI and digital tools in the global education sector could include the development of AI tutors personalized to student learning patterns, AI systems for efficient campus resource management, and enhanced security and fraud prevention in credentialing. The integration of AI in learning management systems can also provide real-time feedback to educators and learners, thereby fostering a more adaptive and responsive educational environment.

Criticism and Potential Shortfalls

There are, however, potential criticisms and shortfalls to consider. Dependence on AI could lead to a decrease in human-driven customer service and personal interaction, important components in both retail and education settings. Ethical concerns, such as data privacy, consent, and the potential for bias in AI algorithms, need to be addressed. Real-world comparative case studies from institutions that have integrated AI could reveal varying degrees of success, influenced by factors such as resource availability, staff training, and cultural acceptance of technology.

Actionable Recommendations

For international education leadership aiming to leverage these technologies, recommendations include initiating pilot projects to integrate AI in specific operational areas, fostering partnerships with AI and tech companies for tailored solutions, and investing in staff development to effectively utilize AI tools. Additionally, establishing ethical guidelines and embracing a culture of continuous improvement and innovation will be crucial for successful integration and sustainability in the dynamic landscape of global higher education.

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Source article: https://www.cio.com/article/2088888/ai-at-the-retail-edge-whats-new-and-whats-coming-soon.html