There’s a ton of noise about AI and, in particular, Agentic AI. Newsagents have access to this now in the Tower Systems newsagency software: time-saving and money-making. Thanks to software settings it can track inventory and sales, and generate orders ready for your action so you have stock when shoppers are likely to purchase.
First, though, a definition: Agentic AI takes autonomous, goal-oriented action. It eliminates the multiple human steps usually required to achieve an outcome.
We know from retail studies that out of stocks can cost a typical indie retail business $10,000 to $25,000 a year in certain revenue.
Here’s a video of a recent conversation I had about these Agentic AI tools. It’s on the Tower Youtube channel.
Beware the AI hype. For some tech companies, AI is a buzzword being pushed by marketing while for other companies it is functionality driven, from deep within their products. The same is true with Agentic AI. What I talk about in the video is real, it exists today for newsagents.
The reason this matters to you is that your competitors here here, in this space, now. Ignore it at your peril.