Artificial intelligence (AI) solutions can help the retail industry not just survive in today's challenging economy but thrive in a post-pandemic world. Consider these three timely examples
"At the beginning of 2020, artificial intelligence (AI) was predicted to become what some experts called a 'key ingredient' technology across many industries over the next decade.
Fast-forward to today, and interest in AI is surging even more. As we are now deeply entrenched in the COVID-19 pandemic, the need to enhance manual business processes with more automation through AI has hit many industries with urgency, but especially retail. About two-thirds of executives surveyed by McKinsey in June said they had accelerated the implementation of robotics, artificial intelligence, and other emerging technologies in response to COVID-19..."
How AI is transforming different industries
"We are currently living in a period unprecedented in both our personal and professional lives. The COVID-19 pandemic is having an era-defining impact on how businesses operate on a fundamental level. To keep up with the changes within their respective industries and remain relevant, businesses are having to re-evaluate where they invest. Technology like artificial intelligence (AI), which helps businesses remain nimble in the face of change, is crucial in helping to manage this shift..."