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The use of AI in the fashion industry of 2020 has become so well entrenched that 44% of the fashion retailers (who have not adopted AI) are today facing bankruptcy. As a result of this, global spending on AI technologies by the fashion & retail industry is expected to reach $7.3 billion each year by the year 2022.

Multiple market factors such as cost of investment and limited skilled resources in AI and ML technologies are limiting the benefits of AI for small businesses. However, it's not feasible for small business enterprises to ignore the potential of these emerging technologies in the near future. Small business who do the groundwork and invest in AI technologies today will be best placed to benefit from these technological investments in the future world.

Future advancement in machine learning and deep learning technologies will only add to the scope of anomaly detection techniques and its value to business data. The increasing volume and complexity of data translates to major opportunities in harnessing this information for business success.