According to the Emarsys study, another clear majority of retail and e-commerce firms polled — three out of five — said they plan to implement AI marketing technologies within the next year, and 78 percent said they plan to spend at least five percent more on AI marketing technologies within that time frame compared to years past.
However, relatively few retail organizations (11 percent) fall under the category of AI “experts,” according to the study, strategically and organizationally prepared to leverage the technology. A majority — 63 percent — said it will take more than three years to fully leverage AI marketing.
Last quarter, Walmart’s ecommerce revenue rose 63 percent year over year, as the company’s online operations, coupled with the purchase of Amazon-rival Jet.com last summer, propelled its digital sales.
OnlineSales.ai aims at becoming retailer’s operating system for user acquisition, retention & monetization. At its core, the platform gathers & mines billions of data points to build product catalog intelligence, user personas and dynamics of retail economics. This system intelligence is combined with technology automation on OnlineSales platform that now hosts connected apps across marketing, user experience and data technologies – all on a single platform.
In a blog post, KITT.AI said that over the past two years it has developed three products: Snowboy, NLU and chatbot engine ChatFlow. As of July, it has powered more than 12,000 developers on the Snowboy platform, who in turn created the biggest hotword library in the world with 9,000 unique hotwords in 15 major languages and has turned ChatFlow into a enterprise level software and has been looking at ways to monetize its chatbot platform.