Verneek’s Post

Transcript

Does anything jump out that this would be very exciting. an industry that is particularly ripe for transformation. Yeah, well, we saw that in the world of consumer retail. what is so fascinating is that when we started Verneek three years ago. We knew that we wanted to go after a go a market strategy that actually could be prime for disruption. So what we see with AI is that a lot of enterprises have legacy technologies, which makes it harder to go and adopt a step function change, whereas in the market of consumer retail, for example, which is known to be a stodgy backwards thinking, not innovative there's a lot of blank slate to start from. So there is really this prime opportunity we saw and look, three years in, we are proven so right. Three years in, consumer retail after finance is the second largest spender on AI. And it is because of the fact that they actually employ the most number of employees of any private sector in the US and also they have the most number of consumers on the other side of it, all of us are are consumers of basically these retailers. So that is the primary use case that we saw and it's good for retailers, is good for consumers, good for brands that are selling their products as well. So it's really such a beautiful helpful AI usecase.