How AI is changing the retail industry

The retail industry has been undergoing digital upheaval for years.According to Sachin Dev Duggal, the advancement of advanced data and predictive analytics tools that support firms in making data-driven business decisions has increased speed, efficiency, and accuracy across all retail branches.


Without the internet of things (IoT), and particularly without artificial intelligence, none of these discoveries would be possible.Businesses now have access to high-level data and information that can be used to improve retail operations and open up new business opportunities thanks to AI in retail.
In fact, according to Sachin Dev Duggal, it is anticipated that AI in retail would improve sales by $40 billion over the course of three years.