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Supplementing digital transformation of retail
Trend Name
AI and chatbots will aim at improving both pre and post sale customer experience. Digital transformation of the Retail industry will be influenced by AI technologies. this amalgamation aims to make Retail industry smart and intelligent.
Impact Value
%
Importance
Positive
Trend Impact
Low
Mid
High
Industries Impacted
Retail
Companies
Wal-Mart Inc.
Costco Wholesale Corporation
The Kroger Co.
Walgreens Boots Alliance, Inc.
Tescoplc
Carrefour S.A.
Amazon.com, Inc.
Metro AG
The Home Depot, Inc.
Target Corporation
Related Trends
AI Analytics backed up with Computer vision algorithms will augment complete the "Analysis" process. Data collection, Data modelling and Recommendations for retail industry will be majorly impacted by AI Analytics and Smart Imaging hardware.
Security & Speed are the major pointers of the BFSI industry, which will be addressed by AI based algorithms. Investments related to AI in BFSI is expected to increase by 1.7x by 2021.
Vital applications of healthcare like Drug Discovery, Therapeutic Devices, and Monitoring Devices will drive the integration of AI in this industry
Machine Learning, Natural Language Processing, and Deep Learning will bring Artificial Intelligence to the mainstream in sectors like healthcare, automotive, and consumer electronics
The Convergence of AI with technologies like IoT, AR-VR, Blockchain and Quantum Computing will change the technological landscape of decision making tasks and operations
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