AI is revolutionizing the retail industry in numerous ways, including improving customer shopping experiences and helping businesses grow. Personalization is a crucial area—AI may evaluate customer data and recommend products based on preferences, resulting in increased sales. AI-powered chatbots and virtual assistants provide prompt and useful customer care, even after business hours. In retail, AI helps in inventory management, stock level prediction, and waste reduction. AI also helps improve pricing strategies by studying market trends and competition prices in real-time. Retailers utilize artificial intelligence to increase supply chain efficiency and deliver products faster.
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