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European retailers could increase their total operating profits by $70 billion by 2030 by using AI across the entire value chain

European retailers could increase their total operating profits by $70 billion by 2030 by using AI across the entire value chain

Ruxandra Tarlescu, Partner and Leader of the Tax and Legal Services Department, PwC Romania

By 2030, the global retail sector could generate additional operating profits of $310 billion through the extensive integration of artificial intelligence (AI), which means an increase of 20%, shows an analysis carried out by strategy&, the strategic consulting division of PwC, based on 100 concrete AI use cases. Of this amount, $70 billion is estimated for Europe, a market that, although mature and sophisticated, remains cautious in the face of deep digital transformations. By comparison, the US could achieve $165 billion, China $25 billion, and the rest of the world $50 billion.

For more information, please see the Romanian version of the article, here.

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PRICEWATERHOUSECOOPERS SERVICII SRL
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