Honeywell launched findings from its AI in Retail Survey that reveal over 80% of U.S. retailers plan to extend their use of synthetic intelligence (AI) in 2025. The analysis highlights how AI is reshaping retail operations to handle challenges in return administration, customer support, and product availability, whereas enhancing worker satisfaction and abilities.
AI Integration in Retail Operations
Based on the survey, 35% of main retailers intend to considerably broaden their AI investments subsequent yr. Retailers view AI and automation as important for adapting to shifting client behaviors and optimizing omni-channel operations.
“We’re actually within the midst of a brand new period for the retail sector the place evolving AI capabilities will make a constructive influence on the consumer’s journey, the worker expertise and the retailer’s provide chain operation,” stated David Barker, president of Honeywell Productiveness Options and Companies. “On their journey towards autonomous operations, retailers are on the lookout for AI and automation options that present actionable knowledge and assist to upskill their workers.”
Enhancing Worker Expertise
The survey signifies that AI is enjoying a vital function in enhancing office satisfaction and effectivity for retail workers. Key findings embody:
- Over 50% of retail leaders acknowledged AI improves worker retention.
- 52% consider AI helps workers advance their careers by enhancing tender abilities and including worth to their roles.
- 60% of executives reported that AI instruments simplify duties, and 55% famous that these instruments enhance job satisfaction.
Because the U.S. retail trade faces over 580,000 projected job openings in 2025, AI is anticipated to assist worker growth and retention, contributing to raised customer support.
AI’s Influence on Buyers
AI adoption can also be reworking the purchasing expertise. Two-thirds of surveyed customers reported utilizing AI whereas purchasing, citing options like chatbots, worth comparability instruments, and assessment summaries.
The survey highlighted common client use instances:
- 53% of respondents recognized worth comparability as essentially the most worthwhile AI utility.
- 41% relied on AI for checking product availability.
- 34% used AI for a simplified and seamless checkout expertise.
These capabilities align with the retail sector’s give attention to enhancing buyer expertise throughout on-line and in-store channels.
What This Means for Small Companies
Whereas the survey centered on massive retailers, small companies can draw worthwhile insights from these findings. As main retailers broaden their AI investments, small companies ought to take into account adopting scalable AI instruments to stay aggressive. Options like AI-driven chatbots, automated stock administration, and knowledge analytics can improve effectivity and enhance buyer experiences with out requiring important funding.
Small companies can begin by figuring out particular operational challenges—resembling streamlining checkout processes or managing inventory ranges—and exploring reasonably priced AI applied sciences tailor-made to their wants. These preliminary steps may also help smaller retailers keep aggressive in an more and more AI-driven market.
Picture: Envato
