Predictive Analytics in Retail: Enabling the Next Generation of Retail Management

What's Inside

We assess the transformative impacts of artificial intelligence (AI)-powered predictive analytics in the retail industry, exploring how advancing technologies and changing consumer expectations are transforming retailers’ decision-making, personalization efforts and supply chain management. Discover key opportunities in the fast-changing data forecasting and predictive analytics sector, which will total $49.5 billion in 2027, Coresight Research estimates.

Data in this research report include:

• US predictive analytics solution providers’ revenues—total and year-over-year changes, 2018–2027E
• The functions of demand forecasting and predictive analytics
• Key examples of companies deploying predictive and prescriptive analytics

Companies mentioned in this research report include: Amazon, Walmart

Other relevant research: 

• Key Retail-Tech Themes at NRF 2023: Retail’s Big Show—Loss Prevention, Forecasting, Personalization and Associate Enablement
• Intelligent Demand Forecasting and On-Demand Manufacturing: Using AI Technology To Meet Consumer Expectations
• Winning the Retail Trifecta: Demand Forecasting, Allocation and Replenishment