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Study: Retailer spending on AI will reach | Chain Store Age

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CPG Connect | Status: is encouraging members to get involved i... Read more
Posted in April
BY DAN BERTHIAUME April 12, 2019

Retail interest in artificial intelligence (AI) is growing, according to a new study from Juniper Research. According to the study, “AI in Retail: Segment Analysis, Vendor Positioning & Market Forecasts 2019-2023,” global spending by retailers on AI services will reach $12 billion by 2023, up from an estimated $3.6 billion in 2019. Juniper expects over 325,000 retailers to adopt AI technology over the period.

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