Adoption of DAAI is Becoming a Sink or Swim Decision: Retail and CPG (RCPG) Data, Analytics, and AI (DAAI) Services State of the Market
State of the Market Report

12 Dec 2024
by Manu Aggarwal, Abhilasha Sharma, Shraddha Pandey, Aakash Verma (HLS)

In today’s rapidly evolving Retail and Consumer Packaged Goods (RCPG) sectors, Data, Analytics, and AI (DAAI) have moved from being competitive advantages to essential survival tools. In this period marked by rapid digital transformation and evolving consumer behaviors, RCPG enterprises face intense pressure to adapt or risk obsolescence.

DAAI tools offer insights into consumer preferences, streamline inventory and supply chain management, enable personalized marketing, and optimize pricing strategies. The insights derived from advanced analytics and AI models allow companies to act on real-time data, fostering agility and responsiveness in a volatile market. RCPG enterprises that effectively integrate these capabilities gain significant competitive advantages, improve customer satisfaction, increase operational efficiency, and drive revenue growth. Meanwhile, enterprises lagging in DAAI adoption face challenges in keeping up with faster, data-driven competitors, seeing adverse effects on their market shares and brand loyalty.

In this report, we analyze the RCPG DAAI services market, including adoption trends, typical deal characteristics, and the evolving market scenario.

Scope

  • Industry: RCPG
  • Geography: all

Contents

In this report, we:

  • Examine DAAI services’ future outlook in the RCPG industry
  • Evaluate the RCPG DAAI services market and its adoption trends
  • Analyze the RCPG DAAI transformation deals’ trends
  • Assess the dynamic RCPG DAAI buyer objectives

Membership(s)

Retail and CPG

Sourcing and Vendor Management

 

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