A substantial transformation is underway in retail as consumers increasingly turn to artificial intelligence for assistance in shopping. According to the latest Accenture Consumer Pulse Research, released today, 74% of consumers express confidence in AI agents to help with various purchasing tasks, from locating the best deals to managing subscriptions and product selections.
The research, titled "Talk to My AI Agent," surveyed over 25,000 individuals across 16 countries, marking a turning point in how consumers approach their purchasing decisions. The findings suggest that AI is not only becoming more integrated into the shopping experience but is also reshaping brand loyalty. Consumers are showing a willingness to trust AI recommendations over traditional human advice. Notably, 74% of participants indicated they would prefer an AI agent's suggestions over those of a friend when making purchases.
The Growing Role of AI in Shopping
A key aspect of the study is the openness of consumers to allow AI agents a greater role in their purchasing processes. Approximately 32% of respondents are comfortable with AI choosing final products for them, provided they set predefined criteria such as budget and personal preferences. While full autonomy in shopping is still developing, 9% of consumers are ready to let an AI agent handle actual transactions on their behalf. Interestingly, 31% would consider this option more seriously after positive experiences with simple purchases, like household goods.
These findings highlight a significant shift in consumer behavior. An impressive 71% of respondents anticipate that within the next year, at least half of their spending in various categories will be influenced by AI technology. This statistic underscores the potential for AI to redefine market dynamics and consumer expectations.
Evolving Brand Loyalty
However, this shift presents challenges for brands. As AI agents become skilled at comparing products and recommending alternatives based on consumer needs, traditional brand loyalty may weaken. While 56% of consumers would instruct an AI agent to consider their preferred brands, a striking 37% of those who identify as loyal to specific brands would still be open to recommendations for alternatives if they better meet their requirements. This trend indicates that brands must evolve to maintain relevance in an AI-driven marketplace.
Kath Gramling, Accenture's Global Consumer Goods, Retail & Travel Lead, commented on this evolution, stating, "Last year, we observed that artificial intelligence was beginning to earn consumers’ trust. Today, trust has become the starting point. As AI agents play an increasingly important role in purchasing decisions, brand loyalty depends more on performance, demonstrable value, and consistently delivered experiences."
The Human Element Remains Vital
Despite the growing reliance on AI for shopping, human interaction still holds significant value for consumers. The study reveals that 31% of respondents believe that physical stores will become even more crucial for delivering enjoyable experiences in the future. Additionally, 30% of those surveyed emphasize the importance of face-to-face interactions for cultivating trust.
This sentiment highlights the need for brands to strike a balance between using AI technology and preserving the human connections that consumers value. As AI agents increasingly take over shopping tasks, understanding the nuances of consumer preferences will be vital for brands aiming to thrive in this new environment.
The findings from Accenture's Consumer Pulse Research signal a significant shift in consumer attitudes towards AI in shopping. As trust in AI agents grows, brands will need to adapt their strategies to remain relevant in a market where loyalty now hinges on performance and demonstrable value. The interplay of technology and human experience will ultimately define the future of retail.
Quick answers
What percentage of consumers trust AI agents for shopping?
74% of consumers trust AI agents to assist them with shopping.
How many consumers are willing to let AI choose products for them?
32% of consumers are willing to let AI select final products if given clear parameters.
What does the study suggest about brand loyalty?
The study indicates that brand loyalty is fragile, with many consumers willing to consider alternatives recommended by AI.
Do consumers value human interaction in shopping?
Yes, 30% of consumers believe face-to-face interactions are essential for building trust.
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