Artificial Intelligence Comes to the Rescue for the Retail Industry

Exponential progress in artificial intelligence (AI) and machine learning, fuelled by the combination of cloud, big data and new algorithms, is transforming the retail industry. As AI leverages big data to automate, predict and personalize, retail is testing and implementing these applications to garner robust competitive advantages. The key focus for AI in retail is customer relationships. In times of concerns for the retail sector in the UK where sales posted biggest quarterly fall since 2010, the refashioning of this industry comes as a breath of fresh air with many opportunities to come. Global Artificial Intelligence Opportunities in Retail, 2017, new research from Frost & Sullivan's Connected Industries Growth Partnership Service, offers an overview of AI and its relevance to business in 2017.