Why Target Is Betting a Chief AI Officer Will Boost Growth
Target's continued turnaround will include implementing a more cohesive AI strategy.
Overview
The retail giant Target (NYSE: TGT) doesn't want to be left behind in the artificial intelligence revolution. To keep up with the ever-evolving technology landscape, the company has hired its first-ever Chief AI Officer, Chandhu Nair. The hope is that Nair will develop a cohesive AI strategy to boost Target's growth and improve operational efficiency.
The main responsibilities of the role will be to tie together Target's AI initiatives to improve the shopping experience and more efficiently manage inventory. Target has had a rough few years amid declining foot traffic and consumer backlash regarding DEI policies.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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