10 Applications of AI That Are Proving to Be Game Changers for Retail

Retail is a highly data driven industry. Retailers have been using traditional analytics over the years. However, the advent of Artificial Intelligence (AI) and Machine Learning (ML) has opened up a whole lot of new possibilities to gain deeper insights with data processing. The artificial intelligence in retail market is expected to grow at a CAGR of 35.9% from 2019 to 2025 to reach $15.3 billion by 2025. The growth in the artificial intelligence services in retail market is driven by several factors such as the rising number of internet users, increasing adoption of smart devices, rapid adoption of advances in technology across retail chain, and increasing adoption of the multi-channel or omnichannel retailing strategy.