ABC Carpet & Home is reinventing itself after filing for bankruptcy. Matt Katz was featured in “How ABC Carpet & Home is Reinventing Itself After Bankruptcy” in Modern Retail looking at how the company can leverage its strong reputation as it re-grows the business with a digital-driven strategy.
Matt explains, “[The] strength is in its reputation as an emporium for hard-to-find goods. That was very difficult to replicate online. Now the challenge is to restore and grow that business again with a digitally-driven cost structure … but it has great brand recognition within a certain set of consumers that can help carry it into the next phase.”
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From Pilot to Scale: Building the GenAI-Ready Organization
While GenAI today is in the public eye, early forms of AI have influenced the workplace for decades. AI appeared in the 1950s, with more practical applications emerging thirty years later. With advances in machine learning and natural language processing, AI’s role expanded. Most remember when GenAI took center stage in late 2022, with ChatGPT capturing the world’s attention. According to OpenAI, more than one million people signed up in just five days.
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