When you think of artificial intelligence, your mind might wander to humanoid robots from sci-fi movies or complex algorithms solving unsolvable probl

How Is AI Reshaping the Way We Do eCommerce?

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2025-01-20 15:30:06

When you think of artificial intelligence, your mind might wander to humanoid robots from sci-fi movies or complex algorithms solving unsolvable problems. But in the world of ecommerce, AI isn’t about far-off fantasies—it’s about the here and now, reshaping how businesses operate and customers shop. From predicting what customers want before they even know it, to optimizing supply chains with pinpoint precision, AI is quietly becoming the hero of online retail.

Global AI in retail market is experiencing significant growth. According to Grand View Research, it was valued at approximately $11.61 billion in 2024, and is projected to reach $40.74 billion by 2030, expanding at a compound annual growth rate (CAGR) of 23.0% during the forecast period.

Implementing AI-driven strategies has led to measurable gains for companies. A study by McKinsey & Company indicates that AI could potentially increase global corporate profits by $2.6 trillion to $4.4 trillion annually.