The market for AI in retail is estimated to grow from $4.8 billion in 2021 to $31.2 billion by 2028, according to research from Peltarion.
But also, there are so many use cases for AI in the industry from knowledge, to insight management, inventory, customer engagement and personalisation.
There is a growing number of platforms that are enabling companies to tap into this technology and derive value for their customers, particularly for online retailers.
One area where AI is providing value is through styling. B2B company Looklet’s Style Creator software allows ecommerce fashion retailers to create fully automated high-quality photo sessions using advanced technology.
