AI/ML
OnDemand – Beyond Just AI – What We Learned at NRF
In this webinarJeff RosterofThird Eye AdvisoryandLee Holman, Jerry Sheldon and Greg BuzekfromIHL Groupprovide a brief holiday and economy update, then discuss Loss Prevention, RFID, Computer Vision, Self-Checkout, GS1 and the…
Retailers That Use AI Enjoy Over 2x Sales Growth and Nearly 3x Profit Growth Compared to Competitors
A new study conducted by IHL Group reveals that retailers who have already embraced Artificial Intelligence (AI) and Machine Learning (ML)are experiencing remarkable success, with sales growth rates for 2023 over…
Retail Sales Leaders Growing IT Spend 3.8x Average Retailers
Those retailers with 2023 sales growth greater than 10% are planning to increase their IT spend in 2024 by 16.2% compared to average performing retailers at 3.6% spend growth, according…
Retailers’ Top IT Priorities for 2024
The retail landscape is undergoing a significant transformation, with technology playing a pivotal role in driving growth and operational efficiency. Our recent study is titled "Winning the Race of Innovation",…
OnDemand – AI in Loss Prevention Webinar
AI in Loss Prevention In this webinar Greg Buzek from IHL kicks things off with a comprehensive global retail economic overview. He was joined by Brian Brinkmann, the Chief Product…
The AI Impact on Retail Sales Growth
The retail industry is undergoing a profound transformation, largely driven by the increasing adoption of AI/ML technologies. This blog post delves into the transformative impact of AI/ML on retail sales…
OnDemand – Charting the AI-Driven Transformation of Grocery
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…
Analytics in the Retail Enterprise: Paving the Way for the Future
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…
OnDemand – The Good, The Bad, the Ugly – Inventory Distortion
Retail Inventory Distortion - Out-of-Stocks and Overstocks IHL has been tracking retail inventory distortion and the true cost of retail out-of-stocks and overstocks for 17 years. Inventory distortion worldwide is…
Data Wednesday – AI Impact in Retail Segments – Not All Are Created Equal
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…