Generative Artificial Intelligence (AI) is dramatically transforming the retail landscape, with an expected economic impact of $9.2 trillion by 2029. As retailers navigate the early stages of data utilization, they need to balance the immense potential of AI with the various challenges it presents.
Economic Contributions Nationwide Employment Engine The U.S. retail industry is a crucial employment engine, according to a report by PricewaterhouseCoopers and the National Retail Federation. This sector provided jobs for 55 million people in 2022, accounting for 26% of all U.S. jobs—a notable i
In 2022, the National Retail Federation highlighted the pivotal role of the retail industry in bolstering the US economy. As a prime employer, retail plays an integral part in the nation's job market, sustaining millions of jobs. Beyond employment, the industry significantly contributes to the
A landmark study from AI advisory firm Fifty One Degrees has revealed transformative potential for the financial sector through generative AI (GenAI). Assessing 311 tasks within 14 key industry functions, researchers found that an impressive 85% could see significant enhancements from AI
The surge in cyberattacks against key sectors like finance has become a critical concern. BlackBerry's report reveals an alarming rate of attacks—over a million within four months, specifically targeting the financial sector. The term "death by a thousand cuts" illustrates the r
Recent market movements have breathed cautious optimism into the financial sector. Tuesday's trading session showed a mild yet steady increase, with the NYSE Financial Index and XLF both edging up by 0.3%. Contributing to the positive sentiment, U.S. housing starts exceeded expectations in
