ai eCommerce News – Nov 1

  • “These robots can greatly improve Walmart’s inventory management and overall efficiency. The robots can scan aisles three times as fast and much more accurately than an average Walmart employee, Jeremy King, chief talent officer for Walmart US and e-commerce, told Reuters. Additionally, employees only have the chance to check aisles approximately twice a week; although it’s unknown how often or when these robots will be roaming the aisles, it’s likely to be on a more regular basis. All of these improvements will keep Walmart’s aisles better stocked and free up employees to help customers, creating a better shopping experience while making its operations more efficient.”

  • “SLI Systems (SLI.NZ), a global leader and provider of e-commerce solutions and services, announced that Restaurantware has increased its conversion rate to more than 5%, up from 2%, since the company began using SLI Systems in May 2017.
  • ‘Our website search function was terrible. No one, including myself, could find the products they were looking for. Users were consistently getting irrelevant search results or results were delivered in an incomplete manner,’ explained Jamil Bouchareb, CEO, Restaurantware. ‘We interviewed other retailers and found SLI was considered the best search solution. SLI has an excellent professional services team, who knew exactly what we needed, which made implementation go smoothly and swiftly.'”

  • “BOOST Technology’s supervised AI/machine learning also includes an ensemble classifier with 250 models, generating a Safety Rating that indicates the legitimacy of a transaction relative to all total transactions pa
    ssed through Kount. The models are designed to identify unique signatures of fraud, as merchants’ decisions, past transactions and various fraud patterns emerge. This functionality adds zero time to the transaction review process, maintaining Kount’s current response time of roughly 250 milliseconds.”

  • Chorus.ai – “Chorus.ai records, transcribes and provides a summary of sales meetings in real-time, providing actionable follow-up insights for sales teams and training insights for new hires. The product automatically identifies discussion of important topics and provides meeting performance metrics. Based in San Francisco with R&D in Tel Aviv, Chorus was founded in 2015.”
  • CommonSense Robotics – “Tel Aviv-based CommonSense Robotics uses AI and robotics to enable retailers of all sizes to offer one-hour delivery and make on-demand fulfillment scalable and profitable. Automating and streamlining the process of fulfillment and distribution will allow retailers to merge the convenience of online purchasing with the immediacy of in-store shopping.”

  • Embrace AI, AR and VR.  – “As Sunyyan Junaid, marketing strategist at Magenticians, told me, ‘AI, AR and VR are going to disrupt every industry in the coming years, but ecommerce is going to benefit the most from these fast-evolving technologies. As an entrepreneur, your focus should be on adapting these technologies into viable business processes that enhance the user experience of ecommerce stores.'”

  • “Reflektion is an AI-driven customer engagement platform founded in 2012 by ex-Google pioneers in deep learning. Its platform understands and influences the intent of each customer in real-time and instantly delivers the most individually relevant content across the touchpoints that matter most—including Web, site search, merchandising and email. Leading retail brands such as TOMS, Ann Taylor, Sur La Table, Godiva and Destination XL rely on Reflektion’s AI solutions to combine individual shopper insights, product intelligence and deep learning to create impactful
    ecommerce experiences that translate to double-digit increases in key metrics such as conversion rate and average order value.”

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