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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…
AI/ML and Generative AI Has Potential to Bring Over $580 Billion in Extra Profits for Amazon and Walmart
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…
Retail Returns: A Double-Edged Sword
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…
A Blend of Business and Speed: A Review of Tech Mahindra’s Analyst Day
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…
Generative AI or Traditional AI/ML? Which will have a greater impact on Retail and Foodservice?
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…
New Forecast Reveals Groundbreaking Potential of Generative AI in the Retail Industry: $9.2 Trillion Impact Expected by 2029
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…
Mobile POS (mPOS) Hardware Market in North America Poised to Grow 8% in 2023
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…
Retail’s AI Revolution Will Dwarf Previous Retail Disruptions
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…
OnDemand: Retail Gets Religion on Returns
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…
Data Wednesday – RFID Delivers Results
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…