Cognitive Computing in Retail Market Analysis By Global Industry Size, Share, Trends, Opportunity and Forecast 2027
Global cognitive computing in retail market is expected to grow at a significant rate in the forecast period. Cognitive computing analyzes a massive amount of data with accuracy. It can understand the natural language, images, recognize patterns, amongst others to provide an enhanced shopping experience to consumers and help the organization to make smart decisions. Change in the consumer preference to buy through online channels has impacted the operation of the retail industry. Development of interactive platforms along with the lucrative discounts offered by the market players to attract customers is accelerating the online sales channel market growth. Ongoing research and development activities for technological advancements of cloud computing technology to increase the efficiency of the system are expected to fuel the market growth in the next five years. The rise in the expenditure capacity of the consumer is increasing the sales of smart devices. Organizations are actively util...