VentureBeat January 19, 2024
Michael Nuñez

A new study by Forrester Research reveals that retailers are enthusiastic about adopting artificial intelligence to improve operations and boost revenue, but many lack the data management practices and technical expertise needed to implement AI successfully.

The study, commissioned by enterprise software provider Epicor, found that 70% of retailers view an AI-powered retail management system as critical. However, widespread adoption of AI is still in the early stages. “Processes like receiving and sales and operation planning see the lowest usage with less than 20% of respondents leveraging advanced AI,” the study states.

Data issues a major barrier to AI implementation

A key barrier holding retailers back is poor data quality and management. “77% of respondents noted that their organization struggles...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

 
Topics: AI (Artificial Intelligence), Provider, Retailer, Survey / Study, Technology, Trends
How AI Is Quietly Transforming E-Commerce Search And Discovery
Walmart's '24 healthcare exit: 10 notes
What big retailers did in healthcare in 2024
How Trauma-Informed Design Principles Can Be Health-Ful for All of Us – Learning from IKEA
Walmart health and wellness leader to exit role

Share This Article