AI is becoming increasingly important for businesses as it enables competitive differentiation and increased efficiencies. The recent NVIDIA GTC event showcased a shift towards inference, where the actual business value of AI lies. Retail is one of the industries that stands to benefit the most from AI, with many organizations already deploying image recognition systems for tasks such as inventory control and customer service. A recent report by Nvidia found that 42% of retailers are currently using AI, with a further 34% assessing or piloting AI programs. The adoption of AI is even higher among large retailers, with a potential for significant return on investment in terms of increased revenue and decreased operating costs. However, the complexity of AI can be a challenge for retailers and their partners, as it often requires infrastructure that goes beyond the capabilities of many retail locations and may not be practical to use in the cloud.
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