Does AI Improve Retail And Help Increase Sales? - Retail TouchPoints

According to a Global Market Insight study, the retail sector will increase its investment in AI to $8 billion by 2024. Since adoption of machine learning, deep learning and predictive analytics is required to succeed within the technological hemisphere in retail – which is growing at a rapid pace – it is absolutely necessary for retailers to adjust within the digital disruption. But the question is how and in which areas does AI help improve? As per AI experts on a global scale, this technology has so much to offer to any retail segment. GM Insights concluded that by 2020, a greater infusion of AI-based applications will be seen across the retail industry in everyday operations.