How Artificial Intelligence Is Transforming Retail - RTInsights

From categorization to standardization, artificial intelligence promises to upend retail's present and future, starting with big data. There's something the apparel retail industry doesn't want to talk about. Consumers are spending less on clothing. It doesn't take an analyst to spot that this is problematic for retailers. To make matters worse, rent prices are rising, product cycles are getting shorter and fast-fashion retailers -- with their low prices and enviably speedy reactions -- are eating up market share.