Impact of Artificial Intelligence on the Indian Retail Industry-Reference-Cited by-同舟云学术

Impact of Artificial Intelligence on the Indian Retail Industry

Published:2023-07-17 Issue: Volume:1 Page:316-325
ISSN:2945-1140
Container-title:Financial Engineering
language:en
Short-container-title:

Author:

Naik M Dhadurya¹,Dokku Srinivasa Rao¹,Nagamalleswara Veerla²,Srinivas Koniki³,Challa Venkata Naga Siva Kumar⁴,Narayana M Srinivasa⁵

Affiliation:

1. Department of Business Administration, Prasad V Potluri Siddhartha Institute of Technology, Vijayawada, Andhra Pradesh, INDIA

2. Computer Science & Engineering, Dhanekula Institute of Engineering & Technology, Ganguru, INDIA

3. Department of MBA, Priyadarshani Institute of Technology and Management, Guntur, INDIA

4. KL Business School, Koneru Lakshmaiah Education Foundation, Vaddeswram, INDIA

5. CDOE Department KL University KLEF, Vijayawada, INDIA

Abstract

Emerging technologies like the Internet of Things (IoT), information science, vast volumes of data, distributed computing, artificial intelligence (AI), and block chain are transforming the way we live, work, and have fun. By making more progress in these directions, hyper-automation and hyper systems may evolve more quickly. In addition to that, there is a significant transformation taking place in the retail industry. The study is focus on the impact of AI in retail industry. At Vijayawada, Andhra Pradesh, India, 145 samples from various retail businesses were taken into consideration for the study. Both primary and secondary data are used in the investigation. The study was evaluated using factor analysis. The majority of respondents are aware of the use of AI in India's retail sector, according to data studies. It has also been noted that the majority of retail establishments employ AI. Particularly AI is useful in order processing, shipping, and inventory management in the retail industry in India.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

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