Exploring Use Cases of AI in Fashion Retail with Armen Momejian

In this episode with our esteemed guest Armen Momejian, Director of AI Initiatives at ALDO Group, we discussed how AI and RFID technologies are revolutionizing the retail industry. Armen shared insights into how Aldo is using RFID to improve inventory accuracy and enhance operational efficiency. We also explored how AI is being leveraged to optimize order fulfillment, helping retailers better predict demand and fulfill customer orders more effectively.

Armen provided valuable advice for businesses looking to integrate AI, stressing the importance of starting with small, manageable projects and focusing on data quality and cross-department collaboration.

TIMESTAMPS:
00:00 Introduction
5:47 - 6:50 Why do retailers need to be transparent about the use of AI tools?
7:23 - 8:02 How is AI improving decision-making at ALDO Group?
8:35 - 10:30 How is ALDO Group leveraging Gen AI to enhance customer experience?
12:18 - 14:09 Conversation Content What role does demand forecasting play in inventory management?
17:30 - 19:32 Why is a human touch crucial when using AI generated data?
24:30 - 26:00 How RFID improves inventory accuracy in retail?
29:08 - 30:25 How is Aldo Group simplifying staff training with AI?
39:49 - 41:22 What is Aldo Group's approach towards innovation and customer satisfaction?
41:23 Conclusion