Approximately 70% of businesses could be using some form of AI-driven technology by 2030, with the tech expected to bring $30 trillion of value to the global economy by that year. In fact, AI utilization across industries will increase from 3X to 5X between 2019 and 2030, so retailers can't afford to fall behind their competitors.
AI can add an estimated $600 billion in value to retailers, well ahead of industries including health care ($380 billion), public works ($350 billion) and agriculture ($120 billion). Additionally, AI fleet optimization can reduce up to 30% of manual operating time.
This infographic from Noodle details three steps retailers can take to integrate AI into their business strategy.