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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% About two-thirds of companies plan to invest more in AI in the next six months, and 60% of commerce leaders recognize the value of AI in boosting customer experience to provide a competitive advantage.

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Digital Beauty Brand IL MAKIAGE Bolsters Tech Stack with Computer Vision Acquisition

Retail TouchPoints

billion by 2028, according to Grand View Research. IL MAKIAGE promises ecommerce shoppers a “new way to shop beauty online” that brings consumers’ favorite influencers, the “hottest” looks, tutorials and recommended products into one easy-to-shop experience. billion in 2019. Video Credit: Voyage81.

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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.

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The Power of Storytelling: How These 3 Footwear Brands Are Winning The Market

Talkoot

The Global Footwear Market: An Overview After being buffeted by the pandemic and accompanying supply chain disruptions, the footwear industry has bounced back and is now projected to grow at a CAGR of 5% and hit $314.2bn by 2028. Some key takeaways: Product recommendations drove 16% of revenue generated, with a 348X ROI.