2023
DOI: 10.1108/jbs-04-2023-0067
|View full text |Cite
|
Sign up to set email alerts
|

Who is making the decisions? How retail managers can use the power of ChatGPT

Abstract: Purpose This paper aims to explore ChatGPT’s (generative pre-trained transformers) potential as a tool for retailers to improve customer experience and boost sales. While it provides benefits like personalized recommendations and 24/7 assistance, there are limitations, like difficulty in understanding unconventional language. The paper stresses careful integration to overcome these limitations and create a better customer experience. Additionally, it discusses the potential for further development and integrat… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

0
1
0

Year Published

2023
2023
2024
2024

Publication Types

Select...
5
3
1
1

Relationship

3
7

Authors

Journals

citations
Cited by 23 publications
(7 citation statements)
references
References 11 publications
0
1
0
Order By: Relevance
“…AI's ability to analyse large datasets in real time enables brands to gain insights into consumer behaviour, preferences, and trends, which are then utilized to refine marketing strategies and campaigns. Personalization, a key component of modern marketing, is greatly enhanced by AI algorithms that tailor content and recommendations based on individual user data, leading to higher customer satisfaction and engagement [9]. Leading brands showcase the transformative potential of AI integrations in marketing.…”
Section: The Role Of Ai In Modern Marketing Strategiesmentioning
confidence: 99%
“…AI's ability to analyse large datasets in real time enables brands to gain insights into consumer behaviour, preferences, and trends, which are then utilized to refine marketing strategies and campaigns. Personalization, a key component of modern marketing, is greatly enhanced by AI algorithms that tailor content and recommendations based on individual user data, leading to higher customer satisfaction and engagement [9]. Leading brands showcase the transformative potential of AI integrations in marketing.…”
Section: The Role Of Ai In Modern Marketing Strategiesmentioning
confidence: 99%
“…Moreover, virtual mentorship programs within the metaverse enable students to explore cutting-edge technologies, discuss emerging trends, and engage in discussions that inspire fresh ideas and entrepreneurial thinking [18]. By bridging the gap between theory and practice, virtual mentorship programs in the metaverse not only cultivate creativity and innovation but also equip business students with the skills and networks necessary to thrive in a rapidly evolving business ecosystem [2].…”
Section: Virtual Mentorship Programsmentioning
confidence: 99%
“…The incorporation of LLMs, such as GPT and BERT models, facilitates a more nuanced analysis of supplier data, enhancing the accuracy of supplier evaluation and selection. For example, by analyzing historical performance data and integrating diverse data sources, LLMs enable companies to assess supplier reliability and predict future performance with greater precision [14]. Moreover, LLMs can optimize supplier selection processes by automating the extraction and interpretation of vast amounts of unstructured data, such as supplier communications and contract details, which traditionally require extensive manual processing.…”
Section: Supplier Selectionmentioning
confidence: 99%