The Future Of Retail With Artificial Intelligence

The way Americans shop has changed drastically over the past 10 years and traditional brick and mortar shops have been hit hard by this. In 2019 alone it has been expected that more than 8,600 stores would close continuing a trend that coined the term retail apocalypse. But all is not lost, Artificial Intelligence is making a big impact on these businesses that could save the retail industry from dying. In just two years retail use of AI grew by 600%. Fifteen percent of companies reported spearheading the investment and adoption of AI systems and 1 in 4 large retailers are using their IT budget to invest up to 10% on AI systems.