Impact of Generative Artificial Intelligence (AI) in Retail and Apparel - Thematic Intelligence

Impact of Generative Artificial Intelligence (AI) in Retail and Apparel - Thematic Intelligence

Summary

This reports outlines the impact of generative AI on the retail and apparel sectors. It outlines generative AI, the use cases of the technology in retail and the threats and opportunities it poses to retailers.

The advent of ChatGPT and other generative AI tools will have a profound effect on the retail and apparel industries through their applications for greater personalization, customer service, design and fraud detection.

Key Highlights

• Generative AI will have a number of short, mid and long term impacts on the retail and apparel industries, such as by enabling agile stock management and product design.
• Younger consumers are the most likely to use a chatbot to answer a query when shopping online.
• A dream of humanity for centuries, AI has the potential to fuel the next industrial revolution​

Scope

• GlobalData breaks down the possible impact of generative AI on the retail and apparel sectors.

Reasons to Buy

• Generative AI has grown faster than any other technology, and is set to upend and transform business across sectors with lasting impact
• Understanding the risks and limitations of generative AI will be essential for companies looking to leverage the technology
• Explore current use cases in the retail and apparel industries to better grasp the opportunities available
• Companies who invest in the right themes become success stories; those who miss the big themes end up as failures.