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Day 1488 – Artificial Intelligence and Shopping – Ask Gramps

Day 1488 – Artificial Intelligence and Shopping – Ask Gramps
Oct 2, 2020 · 13m 55s

Welcome to Day 1488 of our Wisdom-Trek, and thank you for joining me. This is Guthrie Chamberlain, Your Guide to WisdomArtificial Intelligence and Shopping – Ask GrampsWisdom - the final...

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Welcome to Day 1488 of our Wisdom-Trek, and thank you for joining me. This is Guthrie Chamberlain, Your Guide to WisdomArtificial Intelligence and Shopping – Ask GrampsWisdom - the final frontier to true knowledge. Welcome to Wisdom-Trek! Where our mission is to create a legacy of wisdom, to seek out discernment and insights, to boldly grow where few have chosen to grow before. Hello, my friend, I am Guthrie Chamberlain, your captain on our journey to increase Wisdom and Create a Living Legacy. Thank you for joining us today as we explore wisdom on our 2nd millennium of podcasts. Today is Day 1488 of our Trek, and our focus on Fridays is the future technological and societal advances, so we call it Futuristic Fridays. My personality is one that has always been very future-oriented. Since my childhood, I have yearned for the exploration and discovery of new technologies and advancements for the future. I grew up with the original Star Trek series, and even today, as I am now on my 65th revolution around the sun, I still dream of traveling in space. Each week we will explore rapidly converging technologies and advancements, which will radically change our lives. At times, the topics may sound like something out of a science fiction novel, but each area that we explore is already well on its way of becoming a reality over the next couple of decades.
To keep with our theme of “Ask Gramps,” I will put our weekly topics in the form of a question to get us on track. This week’s question is, Hey Gramps, Covid-19 has accelerated the drive to online shopping, but what type of changes in retail shopping and customer service can we expect during this next decade? 
Artificial Intelligence and Shopping
Last week our focus will be on the 3-D printing revolution. This week we will learn how Artificial Intelligence will change our shopping experiences. I am using some of the information mentioned in Peter Diamandis’s blogs and book “The Future is Faster Than You Think.”
 
AI and 5G broadband are radically changing retail shopping as we know it. During 2019, there were over 25 major retail bankruptcies. In 2020, especially with the on-going impact of Covid-19, the retail apocalypse is only accelerating.
What’s coming next is astounding. Why drive to a store when you can speak? Revenue from products purchased via voice commands is expected to quadruple from today’s $2 billion to $8 billion by 2023.
Virtual Reality, Augmented Reality, and 3D Printing are converging with AI, drones, and 5G to transform shopping on every dimension. As a result, shopping is becoming dematerialized, demonetized, democratized, and delocalized in a top-to-bottom transformation of the retail world. 
A Day in the Life of 2030Let’s time travel together to October 2, 2030, a sunny day in Dallas. You have an important speech to give at a luncheon tomorrow, but nothing to wear. The last thing you want to do is drive through congested traffic and spend several hours at the mall.
That is no longer a requirement. Your body image data is still current, as you were scanned only a week ago. Put on your VR headset and have a conversation with your AI.
“It’s time to buy a suit for tomorrow’s luncheon speech,” is all you have to say.
In a moment, you’re teleported to a virtual clothing store. Zero travel time. No freeway traffic, parking hassles, or angry hordes wielding baby strollers.
Instead, you’ve entered your own personal clothing store. Everything is in your exact size. I mean everything. The store has access to nearly every designer and style on the planet.
Ask your AI to show you what’s hot in Paris, France, and presto, you have an instant fashion show. Every model you see looks exactly like you, only dressed in Paris’s latest design.
When you’re done selecting an outfit, your AI pays the bill. As your new clothes are being 3D-printed at a warehouse—before speeding your way via drone...
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Author Harold Guthrie Chamberlain III
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