AI & Data Analytics
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AI Spending by Retailers to Reach $12 Billion by 2023 According to the new research, AI in Retail: Segment Analysis, Vendor Positioning & Market Forecasts 2019-2023, AI use by retailers will unlock efficiencies across back office operations. Advanced analytics employed in functions such as demand forecasting and automated marketing will make retailers more agile and…
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The International Data Corporation (IDC) recently released its Worldwide Semiannual Cognitive Artificial Intelligence Systems Spending Guide, which predicts that spending on sales process recommendation and automation will reach $1.45 billion this year. David Schubmehl, research director at IDC, noted that: “Interest and awareness of AI is at a fever pitch. Every industry and every organization…