Cloud Hosting

PUNE, India, Jan. 23, 2020 /PRNewswire/ -- The global artificial intelligent (AI) in retail market size is estimated to reach USD 23,426.3 million by 2026, exhibiting a CAGR of 33.7% during the forecast period. The ongoing shift by retailers from traditional retail experience to AI-driven business solutions is one of the crucial factors enabling the growth of the AI in retail market. According to an article published by Forbes, 83% believe AI is a strategic priority for their businesses today and 84% of respondents say AI will enable them to obtain or sustain a competitive advantage. The growing awareness about the advantages of AI in retail operations such as quality improvement, paced up decision making, strong operational agility and enhanced customer experience will boost the AI in retail market growth in the forthcoming years. In addition, exceptional benefits of AI-powered data analytics will further spur demand for AI in retail market in the foreseeable future.

According to the report, published by Fortune Business Insights in a report, titled "Artificial Intelligence (AI) in Retail MarketSize, Share & Industry Analysis, By Offering (Solutions, Services), By Function (Operations-Focused, Customer-Facing), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Others), and Regional Forecast, 2019-2026" the AI in retail market size was valued at USD 2,306.8 million in 2018. The report is aimed at delivering a comprehensive view of the AI in retail market dynamics, structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers porter's analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases different procedures and strategies of companies currently operating in the market. It further examines the components convincing market expansion, growth patterns, restricting factors and market strategies.

To gain more insights into the market with detailed table of content and figures, click here: https://www.fortunebusinessinsights.com/artificial-intelligence-ai-in-retail-market-101968

Disposition to AI-powered Chat Bots by Retailers Will Encourage Market Expansion

The growing inclination of retail brands for the deployment of AI-powered chatbots for customer engagement will augment healthy growth of the market in the forthcoming years. Retail brands are able to handle several queries simultaneously with the help of chatbots, without the need to employ a large workforce. The positive impact of artificial intelligence on customer relations and sales will spur demand for AI in retail. Furthermore, close-ended chatbots are configured to answer shopping-related questions, provide quick support and suggestions besides offering a better resolution to their problem. Customers are more likely to engage with AI-powered chatbots, which, in turns enhances customer loyalty. These factors combined will accelerate the AI in retail market share in the foreseeable future.

Emergence of Virtual Trial Rooms to Bolster Healthy Growth

The increasing popularity of virtual trial rooms and ongoing development across retail supply chains will aid the AI in retail market trend during the forecast period. For instance, virtual trial rooms enable buyers to try different dresses without actually having to wear them with the help of digital mirrors. Further, AI allows shoppers to experiment with their outfit by means of a touch-based interface. In addition, the launch of virtual rooms by major companies to create growth opportunities for the market. For instance, Fitiquette, a fashion Web site uses a ground-breaking technology that allows customers to try on outfits in a virtual 3D world based on the user's exact body dimensions. The trial room gives a 360-degree view of the fit and drape of a garment on the actual body dimensions of the consumer.

Request a Sample Copy: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/artificial-intelligence-ai-in-retail-market-101968

Introduction of AI Integrated Products and Solutions to Foster Growth in Asia Pacific

North America was valued at USD 1,102.0 million and is expected to remain dominant during the forecast period. The rising deployment of AI-based solutions by retailers to improve the supply chain operations and product portfolio will contribute positively to the AI in retail market revenue. Asia Pacific is expected to grow rapidly during the forecast period owing to the launch of various AI integrated products and solutions. For instance, China is expected to be a world-leading AI center by 2030.

List of the Major Companies in the Global Artificial Intelligence (AI) in Retail Market include:

Have Any Query? Ask Our Experts:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/artificial-intelligence-ai-in-retail-market-101968

Table of Content:

o Definition, By Segment

o Research Approach

o Sources

o Drivers, Restraints and Opportunities

o Emerging Trends

o Macro and Micro Economic Indicators

o Consolidated SWOT Analysis of Key Players

o Porter's Five Forces Analysis

o Key Findings / Summary

o Market Size Estimates and Forecasts

Continued..!!!

Request for Customization:https://www.fortunebusinessinsights.com/enquiry/customization/artificial-intelligence-ai-in-retail-market-101968

(Have a Look at Reports Trending inInformation & TechnologyIndustry)

Browse Related Reports:

Internet of Things (IoT) MarketSize, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 2026

Artificial Intelligence (AI) MarketSize, Share and Global Trend by Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Geography Forecast till 2026

Big Data Technology Market Size, Share & Industry Analysis, By Offering (Solution, Services), By Deployment (On-Premise, Cloud, Hybrid), By Application (Customer Analytics, Operational Analytics, Fraud Detection and Compliance, Enterprise Data Warehouse Optimization, Others), By End Use Industry (BFSI, Retail, Manufacturing, IT and Telecom, Government, Healthcare, Utility, Others) and Regional Forecast, 2019-2026

Retail Cloud MarketSize, Share & Industry Analysis, By Model Type (Infrastructure as a Service, Platform as a Service and Software as a Service), By Deployment (Public, Private and Hybrid Cloud), By Solution (Supply Chain Management, Workforce Management, Customer Management, Reporting & Analytics, Data Security, Omni-Channel), By Enterprise Size (Small & Medium and Large Enterprise) and Regional Forecast, 2019-2026

Natural Language Processing (NLP) MarketSize, Share & Industry Analysis, By Deployment (On-Premises, Cloud, and Hybrid), By Technology (Interactive Voice Response (IVR), Text Analytics, Speech Analytics, Pattern and Image Recognition, and Others), By Industry Vertical (Healthcare, Retail, BFSI, Automotive & Transportation, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2019-2026

Unified Communication as a Service (UCaaS) MarketSize, Share & Industry Analysis, By Component (Telephony, Unified Messaging, Collaboration Platforms, Conferencing, and Reporting and Analytics), By Organization Size (SMEs, Large Enterprises), By End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Healthcare, Public Sector and Utilities, and Others) and Regional Forecast, 2019-2026

3D Printing MarketSize, Share & Industry Analysis, By Component (Hardware, Software, and Services), By Technology (Fused Deposition Modeling, Selective Laser Sintering, Stereolithography, Direct Metal Laser Sintering, PolyJet, Multi Jet Fusion (MJF), Others) By Applications (Prototyping, Production, Proof of Concept, and Others), By End-Use (Automotive, Aerospace and Defense, Healthcare, Others) and Regional Forecast, 2019-2026

Internet of Things (IoT) in Manufacturing MarketSize, Share & Industry Analysis, By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution and Services), By Application (Predictive Maintenance, Asset Tracking and Management, Logistics and Supply Chain Management, Real-Time Workforce Tracking and Management, Emergency and Incident Management and Others) and Regional Forecast, 2019-2026

Cyber Security MarketSize, Share & Industry Analysis, By Component (Solutions, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities and Others) and Regional Forecast, 2019 2026

Virtual Reality MarketSize, Share & Industry Analysis, By Offering (Hardware, Software), By Technology (Nonimmersive, Semi-Immersive), By Industry Vertical (Gaming & Entertainment Media, Healthcare, Education, Automotive, Aerospace & Defense, Manufacturing), By Application (Training & Simulation, Educational, Attraction, Research & Development) and Regional Forecast, 2019 2026

Endpoint Security MarketSize, Share and Global Trend By Component (Software, Services), By Deployment (On-Premise, Cloud), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By End-Use Industry (BFSI, Telecom & IT, Retail, Healthcare, Government & Public Sector, Transportation, and Others) and Geography Forecast, 2019-2026

Fraud Detection and Prevention MarketSize, Share and Industry Analysis By Component (Solutions, Services), By Application area (Insurance Claims, Services, Money Laundering), By Deployment (Cloud & On-premise), By Organization Size (Large, Small & Medium Enterprises), By Vertical (BFSI, IT and Telecommunication, Government,Travel and Transportation, Manufacturing, Healthcare and Life Sciences) and Geography Forecast, 2019 2026

Identity And Access Management MarketSize, Share and Industry Analysis By Component (Provisioning, Directory Services, Single Sign-On, Others), By Deployment Model (Cloud, On-Premises), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By Industry Vertical (BFSI, IT and Telecom, Retail and Consumer Packed Goods, Others) And Regional Forecast 2019-2026

About us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India.Phone:US: +1-424-253-0390 UK: +44-2071-939123 APAC: +91-744-740-1245 Email: sales@fortunebusinessinsights.com Fortune Business Insights

LinkedIn| Twitter| Blogs

Press Release-https://www.fortunebusinessinsights.com/press-release/artificial-intelligence-ai-in-retail-market-9527

SOURCE Fortune Business Insights

More:
Artificial Intelligence (AI) in Retail Market to Reach USD 23,426.3 Million by 2026; Rising Awareness About the Advantages of AI in Retail Operations...

Read More..

One of the roles of science fiction is to provide readers with a glimpse of how the future could be. Ray Bradbury didnt get everything about the future right. We havent yet seen books and reading made illegal (as in his 1953 Fahrenheit 451), just as we havent yet discovered another planet ready for American colonizers (as in his 1950 The Martian Chronicles). And yet, the themes he explored in those booksmass media and censorship, colonization and environmental changeare more relevant than ever. Even in his lesser-known workssuch as the 1951 sci-fi collection, The Illustrated Man, Bradbury tackles a surprising array of issues that feel as if they were ripped from todays headlines.

Readers today will find in The Illustrated Man a fresh perspective that illuminates global issues like artificial intelligence and climate change. Bradbury also engages with the political and cultural challenges of migration: specifically, the crossing of the U.S.Mexico border, which has since received much attention with the dawn of the so-called Trump Era.

* * *

Theres a story in The Illustrated Man called The Highway, where Bradbury tells a tale about the beginning of an atomic war in the US. The war, however, is experienced through the eyes of a Mexican peasant, Hernando, who lives next to a highway in northern Mexico.

One day, Hernando glimpses a procession of hundreds of American tourists driving north to return to the US. They are heading home, that is, to join the fight in an upcoming atomic war. When the last car stops by Hernando, he sees a group of young Americans crying for help: their car needs water to continue their way back home. Right before they leave, the driver tells Hernandowho doesnt know why all the cars are driving so fast or why these young Americans are so desperatethat the end of the world has finally arrived. Hernando doesnt react to the young mans confession. The car leaves. Hernando goes back to his rural routine, but suddenly stops to wonder: What do they mean the World?

Here, Bradbury highlights the generational and cultural gap between the young Americans and the aging Hernando, who lives with his wife and works their land, recycling the automobile waste that travelers from north of the border leave behind. Its a harrowing scene, but also terrifically realistic: it illustrates not only the clashing of multiple incompatible worldviews, but shows how all such worldseven those seemingly distant from the centers of powerare threatened by contemporary global dangers. Its moments like these that ensure Bradburys relevance, even one hundred years after his birth.

* * *

Bradburys eye for contemporary troubles extends beyond the dangers of global disaster. In the prologue to The Illustrated Man, Bradbury introduces a character who has an existential problem: his torso is covered in living tattoos. Having the tattoos becomes a curse because the illustrations on his body acquire life of their own. The living illustrations unveil an ominous, even prophetic future for the person that looks at them. The Illustrated Man describes his curse:

So people fire me when my pictures move. They dont like it when violent things happen in my illustrations. Each illustration is a little story. If you watch them, in a few minutes they tell you a tale. In three hours of looking you could see eighteen or twenty stories acted right on my body, you could hear voices and think thoughts. Its all here, just waiting for you to look.

Unexpectedly, through this illustrated character, Bradbury highlights the possible dangers of Artificial Intelligence (AI).

Today, there are fears that AI will permeate and disrupt the political organization of postmodern societies. For instance, AI can predict the affinities and choices of an individual based on the application of algorithms. What The Illustrated Man shows is the consequence of those predictions once revealed to ordinary people. The Illustrated Man, not without melancholy, says:

If Im with a woman, her picture comes there on my back, in an hour, and shows her whole lifehow shell live, how shell die, what shell look like when shes sixty. And if its a man, an hour later his pictures here on my back. It shows him falling off a cliff, or dying under a train. So Im fired again.

In his article If Planet Death Doesnt Get Us, an AI Superintelligence Most Certainly Will, Bryan Walsh suggests that if a super artificial intelligence becomes able to disregard human valueswhile also increasing its intelligencethen humanity might end up controlled by a nonhuman entity with a vision of the future that does not adhere to the crucial ethical issues that societies are facing today.

The Illustrated Man, as Bradbury formulated him, can be read as a metaphor for the intersection between human values (the jobless fate of the Illustrated Man) and a superintelligence that determines human life through visual representations of the future (the living, prophetic tattoos). Most importantly, Bradburys story doesnt prophesize the invention of this particular machine so much as it examines the ways in which humans would react to such an invention.

The fear that individuals will surrender their ethical compasses to technology is a constant specter in Bradburys stories. In The Illustrated Man, this fear is represented by the refusal of the characters to accept the futures that the illustrations predict for them. Bradburys Illustrated Man, and those around him, represent the ways that humans will struggle againstand violently rejectthe enigmatic directives of any intelligence beyond our own, even if (as Bradbury notes) the intelligence is speaking truthfully.

* * *

Where did Bradburys inspiration for these particular stories in The Illustrated Man come from? The clashes he foresaw in the futurequestions of AI and global catastrophe, atomic war and border crossingcame from his own forays into Mexico in 1945.

In fact, Bradbury himself experienced the traumatic effects of crossing the USMexico border. Between October and November of 1945, Bradbury and his friend Grant Beach traveled from Los Angelesacross southern Arizona, New Mexico, and Texasto Mexico City. On their way, they found swarms of locusts and other hardships familiar from news stories today. But what was most shocking and traumatic for Bradbury was that this trip into Mexico surprisingly challenged his own deeply-held, exotic ideas about Mexican people, which he had acquired while growing up in East Los Angeles.

While in Mexico City, Bradbury spent most of his time seeking the murals of Jos Clemente Orozco, David Alfaro Siqueiros, and Diego Rivera. It is possible to suggest that Bradbury found inspiration for The Illustrated Man in these murals. The muralsperhaps what Bradbury saw as informative, or even prophetic, illustrationsrepresent past, present, and future Mexican society from a Marxist perspective, featuring people in motion with plenty of stories, colors, and historical clues (thus bringing to the audience a multilayered experience).

One of the most famous paintings by David Alfaro Siqueiros, Our Present Time, depicts a faceless man reaching with arms wide open to a space ahead of him, embracing an uncertain future. This is the very same fate of the Illustrated Man. Furthermore, many of the catastrophic themes that Bradbury engages with in The Illustrated Man are also present in these Mexican murals.

* * *

What future did Bradbury see for us? And did he embrace it? In The Fox and the Forest, included in The Illustrated Man, Bradbury sets his story explicitly in Mexico. The plot of the story is not complicated: William and Susan Travis are a married couple living in the year 2155.

That year is not a good time to be alive, since there is war, slavery, and a generalized social unhappiness. In order to escape from the apocalyptic 2155, the couple travel in time back to 1938 rural Mexico, where they believe that peace, simplicity, and happiness can be found. When it seems that they have been able to escape from their time, the 2155 police show up to take them back to the future, thus frustrating the couples escapade.

This narrative has a very pessimistic tone, evoking the nostalgia of older and happier times. Those from the future view our present as superior to their own time. Bradburys dark future, it seems, is unavoidableeven in our own present day.

* * *

More than 60 years ago, The Martian Chronicles (1950), Fahrenheit 451 (1953), and The Illustrated Man (1951) fascinated the young members of the generation growing up after the darkness of the Second World War, but before the new kinds of wars known to our own era. Now, as the 21st century unravelswith all of its challenges, technological dilemmas, and even proliferation of tattoosBradbury remains a fundamental figure of the sci-fi genre.

Bradbury had certainly not anticipated that by 2020 (like what Hernando does in The Highway) recycling was going to become a mainstream human endeavor, or that the USMexico border was going to catalyze many of the 21stcentury anxieties about global migration and demographic explosion. And yet, his stories seem to rhyme with our own era. Readers will keep finding in Bradburys tales about the future a contemporary interpretation of our everlasting fears about the end of the world, as well as a whisper of hope.

In the epilogue of The Illustrated Man, the narrator sees his own death in one of the living tattoos: it is the Illustrated Man that chokes him to death. The narrator decides to run away from this terrible fate. In this age of global catastrophe, who doesnt recognize the desire to run from such incontrovertible proofs of the worlds doom?

And yet, just like the world today, Bradbury too oscillated between utopia and dystopia. For as many people shown running from their prophesied demises, Bradbury shows young peoplelike those who Hernando couldnt understandcharging home to meet a near-certain death. Bradburys work, ultimately, is for them: those readers who believe that science fiction is an effective tool to illustrate how the worst consequences of todays global political decisions will be faced by future generations.

Young people are approaching an uncertain globalized future with plenty of possible outcomes, both dystopian and utopian. Nothing is simple: the technology that Walsh decries, the kind that the Illustrated Man fears, is even today becoming an effective tool for social mobilizations (lets think about the protests, from Hong Kong to Chile, organized through social media). Meanwhile, today, we know more than ever that any fight for the future will require the work and sacrifice of the whole world: not just car-driving Americans, but people like Hernando, too. Clearly, even Bradbury cant get everything right.

Perhaps, if Bradbury was alive today, he would ask young people: what role will you play, when my future comes crashing into your present?

Support JSTOR Daily! Join our new membership program on Patreon today.

Go here to see the original:
Ray Bradbury on War, Recycling, and Artificial Intelligence - JSTOR Daily

Read More..

Learning by doing is a great thing unless its costing you money, then it may not seem worth it. In the business world when new technologies come around it may be tempting to take a wait and see approach to them, watching your competitors successes and failures before taking the time to implement new technologies. Unfortunately when it comes to artificial intelligence (AI), the potential payoff is too big to ignore, and waiting to see how your competitors do implementing this technology could leave your business in the dust.

Taking the right steps toward implementing AI is crucial. Some companies know that they need to hire a data scientist but they dont know what they expect the person to do and they will try to hire someone with no framework or plan in place.

The first step toward integrating artificial intelligence into your business strategy is to take it seriously and make a plan for how it will work. Start with an end goal in mind and work your way back from there. Next, figure out exactly what AI application will help you achieve that goal. With that in mind, start a pilot program with a targeted goal, keeping in mind that it could take a year or more to see any results from such a program.

While going through the growing pains of implementing an enterprise-wide system of AI, it may seem as though this technology is a huge waste of time and money. Learning by doing is a valuable way to understand the ins and outs of any new technology, and even if your companys experiment fails you can still gain valuable insights from failures. These insights can help you find a better focus for your next artificial intelligence experiment.

Currently, fewer than a third of AI pilots progress past the exploratory state to be fully implemented. This does not mean failure, though, it simply means the hypothesis needs to be adjusted before the experiment is altered and started again from the beginning. As with any new technology, there are going to be growing pains and opportunities to learn more.

This can translate to many different outcomes. AI algorithms can be used to reduce waste and improve quality by removing unnecessary variables. It can help meet rising demand and cut variable costs through analysis. It can make adjustments and predict when the market will shift. Some examples from real businesses:

Today, more than 60% of business leaders urgently need to find and implement a strategy for using artificial intelligence in their businesses, but less than half of those actually have a plan. Learn more about implementing AI in your business below.

The rest is here:
Implementing Artificial Intelligence In Your Business (infographic) - Digital Information World

Read More..

NEW DELHI: Chief Justice of India S A Bobde on Friday underlined the need for artificial intelligence (AI) in the judicial system, especially in cases of repetitive nature and document management, to expedite dispute resolution process.

He, however, cautioned that AI cannot replace human discretion, which is necessary for a just decision making.

Speaking at 79th Foundation Day celebration of the Income Tax Appellate Tribunal (ITAT), the Chief Justice of India said the use of technology in judicial functioning is a fascinating area and a significant breakthrough.

"Though I must make one thing clear: Because we have been dealing with the introduction of artificial intelligence in courts, I am firmly of the view, based on the experience of systems that have used artificial intelligence, that it is only the repetitive area or decision making such as rates of taxation, etc, or something that is invariably the same or which is in a sense mechanical, and that must be covered by artificial intelligence," he said.

AI can play a significant role in tribunals like ITAT in docket management and decision making, he said adding that "the artificial intelligence system we are looking to employ in courts possesses the reading speeds of 1 million character per second. I can imagine a similar system can be used to read and extract all relevant facts, compute tax effect and assist in a myriad of ways to propel the pace of decision making".

Bobde added that it is reassuring to discover that more nations are taking up steps towards experimenting and implementing AI in their respective justice delivery systems.

See the original post here:
Artificial Intelligence can be used in judicial process but cannot replace human discretion: CJI - Gadgets Now

Read More..