How Does AI Benefit the Retail Industry?

Artificial intelligence has proven effective in helping merchants construct more lucrative businesses. Retailers may use AI technology and data-driven analytics to streamline processes, cut costs, increase operational efficiency, and improve customer experience.
Any retail business is intended to generate a profit. To meet corporate objectives, owners and managers constantly endeavor to improve sales, profitability, and client loyalty while lowering operational expenses. Here are some examples of how artificial intelligence helps reduce retail costs while enhancing the consumer experience.