Alibaba Cloud unveils retail AI partnership ecosystem

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Dec 2024
 |  
IT EUROPA
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What: Alibaba Cloud introduces "Partner Rainforest Plan" featuring AI technology partnerships and revitalised service strategies to democratise AI adoption in retail.

Why it is important: This strategic initiative addresses the critical market need for accessible AI solutions, as recent data shows retailers lose 4.5% of gross sales due to inefficiencies that could be resolved through AI implementation, while providing a structured pathway for technological advancement through partnerships.

Alibaba Cloud has unveiled a comprehensive AI-focused partner ecosystem transformation through its "Partner Rainforest Plan", marking a significant evolution in retail technology accessibility. The initiative introduces enhanced incentive programmes and a dedicated AI Alliance Accelerator Programme, aiming to foster collaboration with 50 AI technology partners and 50 channel partners by 2025. Under the leadership of Selina Yuan, President of International Business, the plan emphasises the crucial role of collaboration in driving innovation and growth in the AI era.

The programme's structure includes extensive technical support focused on AI implementation, expanded distribution channels, and collaborative go-to-market resources. Channel partners will benefit from increased financial incentives and market development funds specifically for AI-related initiatives. Additionally, the Revitalised Service Partner Program introduces a global system focusing on upskilling partners through targeted training and empowerment, enabling them to deliver comprehensive consulting, implementation, and managed services.

IADS Notes: Alibaba Cloud's revamped partner ecosystem launch aligns with significant industry developments observed throughout 2024. As noted in June 2024 , the retail sector is leading in AI deployment, with nearly half of retailers reporting increased revenue and cost savings from their initiatives. This trend was exemplified in July 2024 when Intime Department Store  achieved a 15% increase in counter sales through AI implementation. The importance of strategic tech partnerships was further demonstrated in September 2024, when Saks Fifth Avenue's collaboration with Salesforce  showed how luxury retailers can effectively leverage AI partnerships to enhance customer experiences. The timing of Alibaba's announcement is particularly relevant given Coresight Research's November 2024 findings  that retailers lose 4.5% of gross sales due to inefficiencies that could be addressed through AI-powered solutions. With 70% of retailers planning AI implementation in 2024 , Alibaba Cloud's enhanced incentive program and AI Alliance Accelerator Programme are well-positioned to address the growing demand for accessible and cost-effective AI solutions in retail.


Alibaba Cloud unveils retail AI partnership ecosystem