Impact of Artificial Intelligence on the Indian Retail Industry

IF 0.6 Q4 BUSINESS, FINANCE

International Journal of Financial Engineering Pub Date : 2023-07-17 DOI:10.37394/232032.2023.1.30

M. Dr.DHADURYANAIK, Dr. Srinivasa Rao Dokku, Veerla Nagamalleswara, Dr Venkata Naga, S. Challa, D. M. S. Narayana, Munni Venuthurumilli

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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.

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人工智能对印度零售业的影响

物联网(IoT)、信息科学、海量数据、分布式计算、人工智能(AI)和区块链等新兴技术正在改变我们的生活、工作和娱乐方式。通过在这些方向上取得更多进展，超自动化和超系统可能会发展得更快。除此之外，零售行业正在发生重大转变。这项研究的重点是人工智能对零售业的影响。在印度安得拉邦的维杰亚瓦达，研究人员考虑了来自不同零售企业的145个样本。调查中使用了第一手和第二手数据。本研究采用因子分析进行评价。数据研究显示，大多数受访者都知道人工智能在印度零售业的应用。人们还注意到，大多数零售机构都使用人工智能。人工智能在印度零售业的订单处理、运输和库存管理方面尤其有用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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International Journal of Financial Engineering BUSINESS, FINANCE-

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