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Thursday, May 24, 2018

Summary of AI in Retail

Been asked to look at this, here is a start.  And the continued moves in the smarter home, and as assistants.

Artificial Intelligence (AI) in Retail Market to hit $8bn by 2024    Posted by Sagar  in DSC.

Artificial Intelligence (AI) in Retail Market size is set to exceed USD 8 billion by 2024; according to a new research report by Global Market Insights, Inc. 

The AI in retail market is driven by the increasing investments in it across the globe. The growing investment in the technology is attributed to the wide applications of the AI technology along with advanced analytics, machine learning. AI is set to unleash the next phase of the digital disruption and the market participants are preparing themselves for it. The investment in the technology is growing rapidly, dominated by the tech giants such as Google, Microsoft, IBM, AWS, and Baidu. In 2016, approximately USD 30 billion investment in the technology has been witnessed, with more than 90% on the R&D activities and remaining 10% on the merger & acquisition activities. Furthermore, private equity financing, seed investment, and venture capital investment also grew significantly amounting to a cumulative total of over USD 6 billion.  .... " 

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