Insight Report 17 minutes PremiumPredictive Analytics in Retail: Enabling the Next Generation of Retail Management Vijay Doijad, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research July 7, 2023 What's InsideWe 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 This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Retail Around the World: Coresight Research Observations, March 2023Market Outlook: US Food Away from Home—A Challenging Economic Backdrop To Weigh on Growth in 2023Head-to-Head in US Warehouse Club Retailing: Costco vs. Sam’s ClubUS Beauty Retailing—A Standout Discretionary Category in 2023: Highlights from the Market Navigator
