The impact of AI on retail is huge and all its applications are widely implemented for inventory checks, stock monitoring, consumer traffic management, and even business intelligence on consumer buying behaviours and crowd reaction.
Juniper Research predicts retailers will spend $7.3 billion on AI by 2022, compared with the approximately $2 billion spent in 2018. Both brick-and-mortar and online retailers are now deploying robots. “We are seeing a lot of robotics-based investments come to fruition, especially when you want fast shipping processes,” said Pravin Pillai, Global Head of Retail Industry Solutions for Google Cloud. […]