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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NASHVILLE, April 27, 2023- The Mobile Point of Sale (mPOS) hardware market in North America is projected to grow by 8% in 2023, according to a recent report by IHL Group. The rise in restaurants and entertainment, as well as larger retailers looking at Mobile First for POS, are driving […]
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Everyone is excited about the opportunities of Generative AI. You have seen the data, ChatGPT is the fastest technology to hit 100m users of all time, doing in 2 months what took Facebook 4.5 years and the mobile phone 16 years to do. What you might not have considered is […]
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In late March, New York Times columnist Thomas Friedman shared a fascinating conversation he had with Craig Mundie, former Chief Research and Strategy Officer at Microsoft. The topic of discussion was Generative AI, and Mundie was about to showcase a demonstration that would leave Friedman in awe. As he began, […]
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Sizing Retail Returns In our recent webinar you will uncover the complexities of retail returns and the impact on businesses. IHL’s Greg Buzek and Lee Holman start with an economic update, with a review of banking situation, inflation, retail sales, latest retail market data and a short update from Shoptalk. […]
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Point-of-Sale (POS) Shipments 2023 Point-of-Sale (POS) Shipment Growth More Muted Due to Higher Interest Rates Worldwide shipments of point-of-sale terminals experienced strong double-digit growth in 2022, according to new research from IHL Group. The strongest growth region was in Latin/South America with a 26.5% increase in shipments, with the slowest […]
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RFID technology RFID technology is another one of those 25-year-old technologies that is now an overnight success thanks to changes to retail brought on by COVID. Where most of the energy has been focused on case-level RFID in the past, COVID changed the economics so that every unit item RFID […]
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