A new study quantifies the financial benefits that AI/machine learning and generative AI could generate by the end of this decade. In total, the top 212 North American public retail and restaurant companies could see an impact of $1.5 trillion by 2029, with Walmart and Amazon alone accounting for $580 billion, or 38.5% of the total.
The Retail AI Readiness Index provides an AI readiness score comparison along with the financial impact projections for individual companies, in areas including sales growth, gross margin improvement and sales/general administrative cost improvements. Additionally, the research includes rankings for the top seven companies in the following verticals:
- Fast-moving consumer goods;
- Apparel/shoes and hard goods;
- Health and beauty;
- Restaurants (fast food and table service); and
- Pure-play ecommerce companies.
To learn more about AI’s projected growth curve, access the full study from IHL Group.
