Fatih Nayebi

Fatih Nayebi

Vice President, Data & AI at ALDO Group

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    All Sessions by Fatih Nayebi

    West Talks 07/23/2024

    Scaling AI Initiatives in Retail

    <span class="etn-schedule-location"> <span class="firstfocus">Machine Learning</span> <span class="secfocus">Intermediate</span> </span>

    In the dynamic landscape of retail, leveraging artificial intelligence (AI) is not just innovative but essential for maintaining competitive advantage and enhancing consumer experiences. My talk, ""Scaling AI Initiatives in Retail,"" draws on my extensive experience as Vice President of Data & AI at ALDO Group and as a faculty lecturer at McGill University, specializing in enterprise data science. This session will provide a comprehensive overview of the practical applications and strategic scaling of AI in the retail sector, focusing on revenue growth management and the transformative impact of generative AI on both employees and consumers. At ALDO, we have embarked on numerous AI-driven projects aimed at optimizing revenue growth management. By integrating AI into our pricing strategies, inventory management, and promotional activities, we have not only enhanced operational efficiencies but also maximized profitability across multiple channels. This talk will delve into specific case studies where AI applications have led to measurable improvements in sales and customer engagement. Furthermore, the advent of generative AI has revolutionized how we interact with and serve our employees and customers. By implementing generative AI tools, we have been able to automate and personalize customer interactions at scale, leading to increased customer satisfaction and loyalty. For employees, generative AI has been pivotal in creating training programs that are tailored to individual learning styles and performance metrics, thereby enhancing workforce productivity and satisfaction. Throughout the session, attendees will gain insights into the challenges and successes of implementing AI projects, from pilot to full-scale deployment. I will share best practices for building a robust data infrastructure, developing AI talent within a retail organization, and integrating AI with existing technological systems to ensure seamless adoption and scalability. The presentation aims to not only share knowledge but also to inspire action. Attendees will leave with a clear understanding of how to approach AI initiatives in their own businesses, equipped with practical strategies and examples of real-world applications in a large retail enterprise. This dialogue will also serve as a platform for fostering further innovation and collaboration among data science professionals and business leaders attending ODSC. Join me in exploring the future of AI in retail, where data-driven decisions and AI applications become the cornerstone of growth and consumer connection.

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