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Instead, these technologies could redefine roles, emphasizing strategic decision-making and relationship management over routine tasks. billion by 2029, reflecting a CAGR of 13.6%. Therefore, the assertion that 80% of all procurement roles will be gone by 2035 appears to be an overestimation based on current data and projections.
trillion on retail businesses through 2029. While generative AI currently makes up only 9% of the retail industry’s bottom line impact in 2023, IHL anticipates generative AI will grow to represent 78% of the total financial impact by 2029, reaching a total of USD 4.4 trillion in that year.
Machine learning (ML)—the artificial intelligence (AI) subfield in which machines learn from datasets and past experiences by recognizing patterns and generating predictions—is a $21 billion global industry projected to become a $209 billion industry by 2029. “That’s an amazing timeline.”
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