emotional rescue
Thoughts on AI: Is AI coming to your emotional rescue?
According to real estate data firm Co-Star, over 90 million square feet of retail space is slated to close this year, leading observers to point to an obvious truth: empathy matters in customer service. Getting it right is another story. When businesses are out of touch with consumer needs, consumers stop buying and stores start dying. Enter "affective computing," an area of research involving machines that can read and display emotional intelligence, with applications as far ranging from preventative medicine to music lessons and every commercial sector in between. The retail industry isn't the only one eying "emotion AI" as a potential savior from digital disruption, but the physical spaces that characterize the retail experience ares providing innovators with a ripe venue to demonstrate the power that capturing and understanding customer sentiment can have.