Daily Archives: May 5, 2017
Earlier this week, Frost and Sullivan released their 2017 Global Artificial Intelligence Opportunities in Retail. The research was conducted with a series of industries connected via growth partnership service; the study focuses on commercial viability and impact of retail applications for AI, either through integration with existing workflows or by creating new ones. It also explores strategies for navigating artificial intelligence (AI) as a retail or information technology (IT) vendor, and the imperative for both to adopt a data-focused mind set. The study considered vital market players including Amazon, Ocado, and IBM. The study reveals that AI applications such as chat bots, marketing, and supply chain optimization and will help strengthen customer relationships and create growth opportunities.