Saturday, January 23, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

Artificial Intelligence Seen As A $340-Billion Opportunity For Retailers

Sony T by Sony T
January 2, 2019
in Tech news
Reading Time: 2min read
A A
0
Artificial Intelligence Seen As A $340-Billion Opportunity For Retailers
9
SHARES
128
VIEWS
Share on FacebookShare on Twitter

The use of the latest Artificial Intelligence provides about the $340 Billion cost-saving opportunities for all those retail companies that are even able to scale and expand the scope of their existing deployments, according to the report which has been revealed by the Capgemini.

Moreover, around one percent of the retailer has achieved this level of deployment as of now, which even showed up the results from the study which revealed: “Building the Retail Superstar: How unleashing AI across functions offers a multi-billion dollar opportunity”.

some of the researchers have found that most of the retailers as of now are focusing on their Artificial Intelligence efforts on the marketing and sales when there is a high opportunity to unleash the Artificial Intelligence use cases across the entire chain.

“Our research shows a clear imbalance of organizations prioritizing cost, data, and ROI (return on investment) when deploying AI, with only a small minority considering the customer pain points also,” Kees Jacobs, Vice President, Global Consumer Products and Retail Sector at Capgemini said in a statement.

ADVERTISEMENT

“These two factors need to be given equal weighting if long-term AI growth, with all of the benefits it brings, is to be achieved,” Jacobs added.

According to the research which is published by the Capgemini Research Institute, the researchers simply looked at the 400 global retailers that are as of now working on implementing the Artificial Intelligence use cases at the different stages of the maturity level. This group of retailers even represents around 23 percent of the global market share by the revenue.

The report also further revealed an extensive analysis of the public data from the world largest 250 retailers according to the revenue-wise.

Moreover, around 80 percent of the company has declared that Artificial intelligence has not replaced any of the jobs in the firms, so far.

Tags: AI NewsAI researchCapgemini AI research
Share4Tweet2Share1Pin1
Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Related Posts

Increasing Adoption of Informatics will Promote Growth of Data Analytics.
Tech news

Increasing Adoption of Informatics will Promote Growth of Data Analytics.

January 22, 2021
6 Ways AI and ML Together Transforming Endpoint security in 2020?
Tech news

5 Ways Artificial Intelligence Impacts Daily Life

January 22, 2021
What are some of the new innovations in Telehealth?
Tech news

Getting Started With Telehealth Technology: Here’s What Therapists Need to Know

January 21, 2021
10 CMDB Tools That Will Revolutionize 2021
Tech news

10 CMDB Tools That Will Revolutionize 2021

January 21, 2021
What You Need for An Effective Home Office Setup
Tech news

8 Advantages Coworking Spaces Have Over Traditional Offices

January 21, 2021
Best books on Windows 10 for beginners
Tech news

Best books on Windows 10 for beginners

January 20, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

How a SERP Checker Can Improve Your Search Rankings
Marketing Trends

How a SERP Checker Can Improve Your Search Rankings

by Srikanth
January 23, 2021
Meet India’s Atmanirbhar Microprocessor chip ‘Moushik’, meant for IoT devices
Internet Of Things

Meet India’s Atmanirbhar Microprocessor chip ‘Moushik’, meant for IoT devices

by Srikanth
January 22, 2021
Bolo Indya
Startup news

Bolo Meets is helping content creators by monetizing their content

by Sony T
January 22, 2021
Increasing Adoption of Informatics will Promote Growth of Data Analytics.
Tech news

Increasing Adoption of Informatics will Promote Growth of Data Analytics.

by Sony T
January 22, 2021
6 Ways AI and ML Together Transforming Endpoint security in 2020?
Tech news

5 Ways Artificial Intelligence Impacts Daily Life

by Sony T
January 22, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.