AI has arrived and businesses already embracing the technology are outperforming those yet to get on board, according to data from Microsoft.
From digital personal assistants to tailored product recommendations, Microsoft research reveals organisations investing in establishing the right approach to AI technology now – by developing underlying values, ethics, and processes – outperform those that are not by 9%.
Given the speed at which AI is developing, this gap is almost certain to widen in the coming years.
So how do retailers yet to embrace the technology begin to integrate it into their business? Research from Microsoft’s Maximising the AI Opportunity report provides key steps for retailers to begin their AI journey.
Data from Microsoft’s Maximising the AI Opportunity report. To download the report, visit aka.ms/UKAIreport