Artificial intelligence is impacting the entire retail industry
Posted: Wed Dec 11, 2024 6:56 am
In the past few years, artificial intelligence (AI) has jumped from a promising hot-discussed keyword to a mainstream technology that everyone is flocking to. From banking, telecommunications, health care to insurance, almost all industries have invested in some form of it. of artificial intelligence applications, and the retail industry is no exception.
A recent study pointed out that the total investment in artificial intelligence technology in the retail market is expected to reach US$27.2386 billion in 2025 , which is almost 38 times the investment in 2016 (US$712.6 million in 2016). In view of the rapid changes in consumer shopping habits, coupled with the active buying sentiment in the retail belize whatsapp number data 5 million industry, and the influence of artificial intelligence technology in transforming the industry, it is not difficult to understand such rapid growth.
The retail industry has begun to adopt artificial intelligence technology earlier than the financial and insurance industries: A new survey commissioned by Appier and conducted by Forrester, a market research agency, shows that 56% of respondents in the retail industry in the Asia Pacific region It has already begun to adopt or is expanding its artificial intelligence introduction plan.
Some companies are beginning to adopt artificial intelligence early in the manufacturing stage. Well-known brands such as Adidas and Nike use robots powered by artificial intelligence and computer vision to automatically perform tasks and save the cost of hiring human labor. In Amazon's automated warehouse centers , employees use robots with depth sensing and object recognition capabilities to sort, store and manage inventory, as well as assist in moving heavy packages.
A recent study pointed out that the total investment in artificial intelligence technology in the retail market is expected to reach US$27.2386 billion in 2025 , which is almost 38 times the investment in 2016 (US$712.6 million in 2016). In view of the rapid changes in consumer shopping habits, coupled with the active buying sentiment in the retail belize whatsapp number data 5 million industry, and the influence of artificial intelligence technology in transforming the industry, it is not difficult to understand such rapid growth.
The retail industry has begun to adopt artificial intelligence technology earlier than the financial and insurance industries: A new survey commissioned by Appier and conducted by Forrester, a market research agency, shows that 56% of respondents in the retail industry in the Asia Pacific region It has already begun to adopt or is expanding its artificial intelligence introduction plan.
Some companies are beginning to adopt artificial intelligence early in the manufacturing stage. Well-known brands such as Adidas and Nike use robots powered by artificial intelligence and computer vision to automatically perform tasks and save the cost of hiring human labor. In Amazon's automated warehouse centers , employees use robots with depth sensing and object recognition capabilities to sort, store and manage inventory, as well as assist in moving heavy packages.