Remove 2028 Remove Customer Data Remove Management Remove Technology
article thumbnail

AI Remains Transformative Within the Ecommerce Space in 2024

Retail TouchPoints

The experts agree, predicting that global AI in the retail market will surpass $24 billion by 2028 , growing at 24.4% Determining how and where to implement this technology to drive ROI remains a significant challenge. Interlinking Personalization with AI We know that AI is only as good as the data it’s fed. The end result?

eCommerce 260
article thumbnail

Top 4 Strategies for AI-Powered Profitability

Retail TouchPoints

billion in 2028. Additionally, by implementing an AI-powered forecasting solution, you can increase your operational efficiency and enhance customer satisfaction by proactively managing your supply chain while reducing waste and costs across your operations. Customer support. billion in 2021 to $31.18 Operations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mind the gap: How AI is giving retailers a competitive edge

Talkoot

billion by 2028. Brands that aren’t leveraging the technology in at least some of their activities will fall behind–because, let’s face it, manually trying to personalize product recommendations, reach shoppers at scale, and guess how much inventory you need is near-on impossible and rife with human error.

Retail 78
article thumbnail

6 POS Software Performance Metric Thrift Stores Must Track

iVend

For retailers, thrift stores have become part of the ‘mainstream’, managed with many of the key disciplines of ‘regular’ retail. Global sales in 2024 are at $1.046 trillion US dollars, and forecast to grow by $130 billion to $1.176 trillion by 2028. iVend offers specialist POS software designed for thrift stores.

POS 52