Financial Engineering
E-ISSN: 2945-1140
Volume 1, 2023
Impact of Artificial Intelligence on the Indian Retail Industry
Authors: , , , , ,
Abstract: Emerging technologies like the Internet of Things (IoT), information science, vast volumes of data, distributed computing, artificial intelligence (AI), and block chain are transforming the way we live, work, and have fun. By making more progress in these directions, hyper-automation and hyper systems may evolve more quickly. In addition to that, there is a significant transformation taking place in the retail industry. The study is focus on the impact of AI in retail industry. At Vijayawada, Andhra Pradesh, India, 145 samples from various retail businesses were taken into consideration for the study. Both primary and secondary data are used in the investigation. The study was evaluated using factor analysis. The majority of respondents are aware of the use of AI in India's retail sector, according to data studies. It has also been noted that the majority of retail establishments employ AI. Particularly AI is useful in order processing, shipping, and inventory management in the retail industry in India.
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Pages: 316-325
DOI: 10.37394/232032.2023.1.30