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IHL Group is a global research and advisory firm for the retail and hospitality industries. Through our research and data services, we provide the technology insight that companies need to effectively compete in a global market.

Retail’s $9.2 Trillion AI Revolution

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Data Wednesday – AI Impact in Retail Segments – Not All Are Created Equal

by Greg Buzek
on 5/31/23

When it comes to the AI impact in retail segments, not all are considered equal. The economic benefits of AI/ML and Generative AI will be unequally distributed according to the IHL Retail’s AI Revolution Forecast. While the model reviewed 12 different retail and hospitality segments, there are 4 that will […]
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OnDemand – Retail’s $9.2t AI Retail Revolution

by Greg Buzek
on 5/24/23

Retail’s $9.2t AI Retail Revolution AI is set to revolutionize the retail and hospitality industries, with IHL forecasting an astounding $9.2t AI retail revolution. This disruptive force, comparable to the game-changing barcode, will reshape retail in ways we can only imagine. Join us for an enlightening webinar where we delve […]
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Industry Breaking News Full News Archives ›

Chipotle prepares national rollout of RFID for food traceability Chipotle prepares national rollout of RFID for food [...]

Chipotle Mexican Grill is scaling up its use of radio-frequency identification technology to trace ingredients from suppliers to restaurants in real-time. Read Article ›

Google streamlines ad creation with AI Google streamlines ad creation with AI

Based on machine learning (ML), generative AI can create new content and ideas, including conversations, stories, images, videos, and music. Google is rolling out several generative AI-based advertising solutions for retailers and brands using its platform. Read Article ›

PepsiCo Slashes Purchase Validation Timeline With AI- and ML-Powered Receipt Capture PepsiCo Slashes Purchase Validation Timeline With AI- and [...]

PepsiCo is increasing visibility into cross-basket analytics and cutting down on the time it takes to validate purchases by leveraging artificial intelligence and machine learning. Read Article ›

Wendy’s serves up tech innovation Wendy’s serves up tech innovation

Fast food is not always known as a hotbed of next-generation tech activity, but Wendy’s has been charging ahead with innovative solution rollouts in different areas of the enterprise. Following is a brief look at the hamburger chain’s initiatives in robotics, artificial intelligence (AI), and [...] Read Article ›

GNC deploys the Verint Experience Management platform GNC deploys the Verint Experience Management platform

On the order management side, GNC deploys the Verint Experience Management platform to capture actionable and diagnostic digital experience data to drive enterprise-wide improvements. The company also uses the solution to help gain a deeper understanding of customer and employee sentiment and [...] Read Article ›

Circle K deploys ABB E-mobility fast EV chargers Circle K deploys ABB E-mobility fast EV chargers

Circle K, a convenience store chain, opened its latest EV charging site in Wytheville, Virginia, the first to be equipped with ABB E-mobility's U.S. manufactured Terra 184 DC fast chargers which provide up to 180 kilowatts, according to a press release. Read Article ›

Nike Grows Mobile App Digital Capabilities With Sports Pilot Program Nike Grows Mobile App Digital Capabilities With Sports Pilot [...]

Nike is bolstering its digital efforts via a pilot program by adding new capabilities to its sports apps, Nike Run Club and Nike Training Club. The apps are integrated with tracking tech Strava to allow members to tap into data on the platform and share their workouts with others through Strava’s [...] Read Article ›

Bringing our world-class expertise together under Google Cloud Consulting Bringing our world-class expertise together under Google [...]

Every day, we see how much our customers value Google Cloud experts working alongside their teams to drive innovation. We also know that being connected to the right services and partners at the right time accelerates customer success. Last year, we expanded our custom AI solution practice and [...] Read Article ›

Prada Group cloud-enables merchandising, customer engagement Prada Group cloud-enables merchandising, customer engagement

The Milan, Italy-based global luxury retailer is rolling out several cloud-based Oracle Retail solutions on both the front and back ends. Through the mobile deployment of Oracle Retail Xstore POS and Oracle Retail Customer Engagement Cloud Service, Prada intends to collect customer preferences and [...] Read Article ›

How Aptos One ‘Totally Changed the Game’ for New Balance How Aptos One ‘Totally Changed the Game’ for New Balance

Fronted by a new pitchman in L.A. Angels player Shohei Ohtani, and backed by a decade of unified commerce experience, New Balance executives recently shared how their partnership with retail technology provider Aptos has been instrumental in the company’s push into new markets. Read Article ›

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Retail’s $9.2 Trillion AI Revolution

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IT Sizing

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