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According to the World Economic Forum, retail spending on AI is predicted to grow from $4.9B in 2021 to $52B by 2029. Artificial Intelligence and Machine Learning (AI/ML) have the potential for far-reaching impact on retailers and brands. High-quality ML systems have been proven to deliver real ROI in use cases such as marketing propensity, search, recommendations, forecasting, improving customer experience, supply chain management, fraud detection and prevention, and more.
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