{"id":10477,"date":"2023-05-10T07:00:00","date_gmt":"2023-05-10T11:00:00","guid":{"rendered":"https:\/\/pditechnologies.com\/?p=10477"},"modified":"2024-12-09T12:54:12","modified_gmt":"2024-12-09T17:54:12","slug":"leverage-ai-convenience-stores","status":"publish","type":"post","link":"https:\/\/pditechnologies.com\/blog\/leverage-ai-convenience-stores\/","title":{"rendered":"Accelerating the Use of AI across the Convenience Ecosystem"},"content":{"rendered":"\n<p>There\u2019s been a lot of recent press coverage on artificial intelligence (AI), primarily related to <a href=\"https:\/\/openai.com\/blog\/chatgpt\" target=\"_blank\" rel=\"noreferrer noopener\">ChatGPT<\/a>. We\u2019ve seen stories about compelling new advancements along with the ever-present dire warnings of the potential harm that AI can do. Despite any hyperbolic headlines, AI continues to steadily progress while fundamentally transforming our personal lives and our business solutions.<\/p>\n\n\n\n<p>One of the factors that makes AI such an intriguing story today is the speed at which it\u2019s evolving and working its way into mainstream, everyday conversations. However, the concept of \u201cAI\u201d has been around a lot longer than many of us have been alive and early AI implementations are now decades old. As we contemplate the future implications of AI, reflecting on some of the history could be helpful:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1980s:<\/strong> We start to see \u201cdeep learning,\u201d which essentially simulates how neurons process information in our brains, forming the basis for many future AI advancements.<\/li>\n\n\n\n<li><strong>1990s:<\/strong> The IBM supercomputer <a href=\"https:\/\/www.youtube.com\/watch?v=KF6sLCeBj0s\" target=\"_blank\" rel=\"noreferrer noopener\">Deep Blue defeats chess grandmaster Garry Kasparov<\/a> in a head-to-head battle.<\/li>\n\n\n\n<li><strong>2010s:<\/strong> Leveraging massive amounts of data and huge gains in cloud computing, <a href=\"https:\/\/www.techrepublic.com\/article\/ibm-watson-the-inside-story-of-how-the-jeopardy-winning-supercomputer-was-born-and-what-it-wants-to-do-next\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBM Watson wins the \u201cJeopardy Tournament of Champions.\u201d<\/a><\/li>\n\n\n\n<li><strong>Today:<\/strong> \u201cSmart\u201d devices leveraging AI are ubiquitous (just look down at your phone and talk to Siri or ask Alexa a question from across the room).<\/li>\n<\/ul>\n\n\n\n<div class=\"mbm-spacer mbm-spacer__16 wp-block-mbm-responsive-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-charlie-font-size\" id=\"h-get-ready-for-chatgpt-and-how-it-s-changing-perceptions-around-ai\">Get ready for ChatGPT and how it\u2019s changing perceptions around AI<\/h2>\n\n\n\n<p>One of the biggest recent changes in AI is the concept of generative AI, which is deep learning leveraging a technique called \u201c<a href=\"https:\/\/towardsdatascience.com\/what-is-gpt-3-and-why-is-it-so-powerful-21ea1ba59811\" target=\"_blank\" rel=\"noreferrer noopener\">Generative Pre-Trained Transformer<\/a>.\u201d That\u2019s where the \u201cGPT\u201d in ChatGPT comes from\u2014and it means that AI is getting much more proficient at tasks that require language processing and creativity rather than just number crunching.<\/p>\n\n\n\n<p>For instance, you might have heard about ChatGPT being able to pass the <a href=\"https:\/\/www.abajournal.com\/web\/article\/latest-version-of-chatgpt-aces-the-bar-exam-with-score-in-90th-percentile\" target=\"_blank\" rel=\"noreferrer noopener\">legal bar<\/a> and <a href=\"https:\/\/www.ama-assn.org\/practice-management\/digital\/chatgpt-passed-usmle-what-does-it-mean-med-ed\" target=\"_blank\" rel=\"noreferrer noopener\">medical exams<\/a>. With the ability to manage increased complexity and ideation, AI is now approaching the level of processing and creativity we thought only humans could do well.<\/p>\n\n\n\n<p>A lot of the buzz stems from the widespread appeal of these fun and creative aspects of AI. That might be why it took just five days for ChatGPT to reach five million users after its launch. And expectations for AI remain sky-high, with some economists forecasting the potential of a <a href=\"https:\/\/www.reuters.com\/technology\/whats-better-than-openai-developers-shop-alternatives-2023-03-29\/\" target=\"_blank\" rel=\"noreferrer noopener\">$100 billion industry<\/a> in the next three years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-charlie-font-size\">Prepare for potential opportunity\u2014and disruption<\/h2>\n\n\n\n<p>Of course, there is potentially a dark side to widespread AI adoption. AI could mean a potential significant disruption in the labor market, where <a href=\"https:\/\/arstechnica.com\/information-technology\/2023\/03\/generative-ai-set-to-affect-300-million-jobs-across-major-economies\" target=\"_blank\" rel=\"noreferrer noopener\">two-thirds of jobs<\/a> will likely be impacted in some way, including professional jobs, such as lawyers, medical professionals, marketers, IT staff, and others.<\/p>\n\n\n\n<p>However, I\u2019m optimistic that the benefits of ChatGPT and other AI advancements will far outweigh any drawbacks. In fact, we\u2019ve already seen the value of traditional \u201canalytical\u201d AI tools delivering impressive results across the fuel and convenience industry, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/pditechnologies.com\/gain-insights\/insights-analytics\/\">Analyzing sales data<\/a>, foot traffic, and weather patterns to support more accurate sales predictions and <a href=\"https:\/\/pditechnologies.com\/increase-productivity\/erp-back-office\/\">inventory management<\/a><\/li>\n\n\n\n<li>Powering automated, frictionless checkout and video surveillance at convenience stores<\/li>\n\n\n\n<li>Performing margin modeling and determining the competitive importance of price elasticity to <a href=\"https:\/\/pditechnologies.com\/resources\/webinar\/b2b-fuel-pricing-automation\/\">optimize fuel pricing<\/a><\/li>\n<\/ul>\n\n\n\n<div class=\"mbm-spacer mbm-spacer__16 wp-block-mbm-responsive-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-charlie-font-size\">Leverage AI-based convenience store solutions today<\/h2>\n\n\n\n<p>As businesses and consumers increasingly rely on digital technologies, AI solutions will only become more impactful in our industry. For instance, it will be much easier to predict consumer behaviors and deliver more personalized offers in real time to give them what they really want.<\/p>\n\n\n\n<p>At PDI, we\u2019re already leveraging AI in products such as Fuel Pricing and we continue to explore how we can leverage the technology to automate tasks, eliminate errors, save time, and reduce operational costs. Our goal is to simplify\u2014or eliminate\u2014routine processes to make your life easier and more productive. Exploring new technologies such as generative AI will give us yet another tool to accomplish that goal.<\/p>\n\n\n\n<p>Suffice to say that AI technology is moving incredibly fast and will play an increasingly prominent role in our lives. As we focus on the next generation of innovation, AI promises to improve how you run your business so you can deliver a better overall product or experience for your customers. It\u2019s another step in our \u201cBetter Together\u201d journey that will benefit the entire convenience ecosystem.<\/p>\n\n\n\n<p>If you want to know more about how we\u2019re leveraging AI to innovate at PDI, let us know at <a href=\"mailto:innovation@pditechnologies.com\">innovation@pditechnologies.com<\/a>.<\/p>\n\n\n\n<p>You can thrive in today\u2019s digital economy. <a href=\"https:\/\/pditechnologies.com\/contact-us\/\">Contact us today<\/a> to learn how we can help you transform your business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve seen an uptick in coverage on artificial intelligence. Learn how AI is transforming the convenience store technology ecosystem.<\/p>\n","protected":false},"author":47,"featured_media":10476,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_eb_attr":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"13502,17680,9379,13914,6496,2052","_relevanssi_noindex_reason":"","inline_featured_image":false,"footnotes":""},"categories":[10],"tags":[144,16,145,147,21],"pdi_resource_tier":[151,146,150],"class_list":["post-10477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-convenience-retail","tag-cybersecurity","tag-erp-and-back-office","tag-foodservice","tag-loyalty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v25.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Look into Leveraging AI in Convenience Stores | PDI Technologies, Inc.<\/title>\n<meta name=\"description\" content=\"We\u2019ve seen an uptick in coverage on artificial intelligence. 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