How Artificial Intelligence (AI) will Change the Retail Industry in 2019? Tech 21 Century

Artificial Intelligence is the hottest and most promising development in the tech landscape for a couple of years, now. According to market firm Tractica, global AI revenues will see a massive growth from just USD 643.7 million in 2016 to an excess of USD 36.8 billion in 2025. Nearly all the market segments, industries, and business domains are actively interested in AI and are looking to harness the technology for business benefits. AI offers companies the power to reduce costs and make the shopping experience much more delightful and efficient for the end consumers. According to Global Market Insights, investments in AI by retail segment will exceed USD 8 billion by 2024.