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The latest and greatest: What percentage of financial service companies have announced AI initiatives over the past two years? A) 46%. B) 56%. C) 66%. D) 76%. Since January 2023, over three-quarters of the top financial services companies worldwide have launched AI initiatives, according to a new report from Acrew Capital and Money20/20. October 29, 2024.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

This rising usage bodes well for Lyft and Uber, as both companies prepare to add more advertising options to their wheelhouses. Key Question: What is the audience for in-app advertising in ride-hailing apps and cars? KEY STAT: Uber will hit a new record for users in 2023, but Lyft will hit its own record in 2024. Executive Summary.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

The pace of change in social media won鈥檛 slow in 2024. The rising number of disruptors鈥攚hether it鈥檚 AI, creators, social search, or TikTok Shop鈥攚ill both reshape old trends and create new ones.

Fifteen percent of adults worldwide have made a purchase using BNPL, per YouGov. And between 2021 and 2025, global BNPL use for ecommerce purchases is expected to grow 66.7%, according to FIS. Credit-averse consumers view BNPL as a viable alternative to credit cards. The promise of interest-free loans is a major draw for consumers.

Ecommerce and digital ad spending track closely with retail media growth. US retail ecommerce sales will reach $1.163 trillion in 2023, growing 10.5% YoY. We expect growth to accelerate to more than 11% each year through 2026. As long as ecommerce remains healthy, retail media is likely to benefit since most retail media ads are tied to digital shopping and buying activity.

When it comes to memberships, exclusivity is key. Product partnerships offer a great way for retailers to show their programs are uniquely worthwhile. 鈥淲almart could really leverage its relationships with [consumer packaged goods] (CPG) companies to create a network of product partnerships that could only be available to Walmart+ members,鈥� said Droesch.

For more insights and key statistics on the biggest trends in today鈥檚 most disruptive industries, subscribe to our Chart of the Day newsletter. Key stat: Klarna will generate $33.38 billion in US buy now, pay later (BNPL) payment value by 2027, pulling ahead of Affirm in a period of massive growth for BNPL providers, per our forecast. Beyond the chart:.

Key Question: How quickly is OOH ad spending growing in the US, and what鈥檚 driving the growth? Key Stat: In 2027, OOH ad spending in the US will top $10 billion for the first time, following years of moderate鈥攂ut steady鈥攇rowth. Executive Summary. OOH ad spending will grow at a solid pace, but it will still lose share of marketers鈥� budgets.

This report provides a guide for executives on the hunt for CX leaders and explains how leaders themselves can chart a path to success for their team and company. KEY STAT: Only 16.5% of companies have a dedicated team that owns the CX experience, per a March 2022 UserTesting report.

Gaining momentum during the pandemic amid labor shortages, the sector is fueled by heightened demand for automation to lower costs in industries like construction, agriculture, ecommerce, manufacturing, and delivery. Advances in AI, sensing, and dexterity are making robotics more practical and helping the sector make significant strides in making sci-fi dreams a reality.

On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss why US home improvement company Lowe's didn't work out in Canada, why Canadian athletic apparel retailer lululemon athletica succeeded in the US, and which Canadian brands would prosper in the US if they chose to fly south. Join our analyst Sara Lebow as she hosts analyst Paul Briggs and vice president of content Suzy Davidkhanian.

Two companies control over 70% of the US sports betting market. At year-end February 2023, FanDuel had nearly 46% of the US market, while DraftKings鈥檚 share was over 25%, according to data from gaming research firm Eilers & Krejcik cited by the Associated Press. Other top players included BetMGM (12% share) and Caesars Entertainment (6.7%).

US advertising sector hits record job high鈥攂ut some major holding companies drop their 2023 outlooks. Marketing uses for generative AI that will outlive the hype. 5 charts to help you hit marketing KPIs. More Chart of the Day:. 8/17 - Marketing measurement mix-ups. 8/16 - Digital out-of-home climbs. 8/15 - The social generation. 8/14 - Everyone tries on AI. 8/11 - In search of ads.

In today's episode, we discuss how Nvidia became the largest company in the world, what might slow them down, and which company is most likely to come for its AI crown. In Other News, we talk about whether Elon Musk's artificial intelligence company xAI can compete with OpenAI. Tune into the discussion with analysts Jacob Bourne and Gadjo Sevilla.

Our seventh annual study reveals which of the 15 biggest US banks lead in mobile app innovation鈥攁 significant factor in attracting mobile-forward Gen Z鈥攂ased on an exclusive survey of which features 1,895 mobile banking users value most.

Even as Instagram continues to streamline several of its shopping features, we believe that it will keep many of its checkout options. Payments in Chat is also a prime example of how shopping can be integrated into the main experience, rather than trying to make Instagram a full-fledged ecommerce platform. Snapchat: The App Chases Engagement With Snapchat+ and BeReal-Like Features.

In today鈥檚 episode, host Bill Fisher is joined by Paul Briggs, Man-Chung Cheung, and Carina Perkins to discuss the longevity of subscription services and loyalty programs from both a client and corporate perspective. How many subscriptions can people afford, and how much can companies afford to give away as part of their loyalty programs?