Charting the AI-Driven Transformation of Grocery The transformation of the grocery industry is no longer a future concept; it is happening now. With the convergence of technology, data, and the evolving needs of consumers, the industry is at the brink of a revolution, and artificial intelligence (AI) and machine learning […]
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New AI Readiness Index (AIR) research from IHL Group ranks the AI readiness for 212 top public retailers and restaurants with potential financial impact through 2029. NASHVILLE, TN, US, August 17, 2023 – Artificial Intelligence/Machine Learning and Generative AI promises to radically transform retail as we know it today, according […]
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Retail Returns Retail returns continue to be a challenge for the industry, and they require a system of reverse logistics. As e-commerce continues to rise, so too does the volume of returned merchandise. But retail returns are a double-edged sword for retailers, offering an opportunity for customer satisfaction but also […]
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Earlier this year I had the incredible opportunity to attend Tech Mahindra’s Analyst Day at the iconic Texas Motor Speedway. Going into the day I was not familiar with Tech Mahindra outside of their work in industrial and farming industries, so I was a little curious of their retail offerings. […]
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Retail Analytics In today’s retail environment, understanding data is no longer a luxury but a necessity. The rapid growth of e-commerce, evolving customer behaviors, and the sheer amount of data generated have made analytics an indispensable tool for retailers. Basically, retail analytics not only provide insights into past performances (descriptive […]
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Out-of-Stocks and Overstocks IHL has been tracking retail inventory distortion and the true cost of out-of-stocks and overstocks for 17 years. Inventory distortion worldwide is a critical issue that continues to plague retailers worldwide, causing significant financial losses and operational challenges. When IHL measures inventory distortion, we look at out-of-stocks […]
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In the ever-evolving landscape of retail and hospitality, the adoption of artificial intelligence (AI) is revolutionizing the way businesses operate. According to IHL’s Retail AI Revolution Forecast Model, the numbers paint a compelling picture of the changing AI landscape and the transformative impact it will have on AI in Retail and […]
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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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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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Title: Potential of Generative AI in the Retail Industry FOR IMMEDIATE RELEASE New Forecast Reveals Groundbreaking Potential of Generative AI in the Retail Industry: $9.2 Trillion Impact Expected by 2029 Generative AI technology projected to increase sales, improve product margins, and eliminate company inefficiencies. NASHVILLE, May 24, 2023 – Today, research […]
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