“Southeast Asia’s adoption of artificial intelligence has been especially evident in the areas of “high tech and telecom, transportation and logistics, financial services, and healthcare,” according to a 2017 report from management consulting firm McKinsey & Company. But the technology’s applications are not just limited to industries – they can be seen in personal activities…
Month: November 2018
Refresher: 2017 eCommerce Holiday Spending Report
As we wrap 11/11 (aka Singles Day) we have officially begun the start of the holiday shopping season. With that in mind, I thought it would be the perfect time for a 2017 refresher. “As Deloitte predicted, the weeks leading up to Black Friday/late November and late December accounted for up to 80% of retail sales…
Alibaba generates 149 billion yuan in sales in first 12 hours of 11.11
Within the first hour of the 11.11 Global Shopping Festival, total gross merchandise volume had exceeded 67 billion yuan — nearly $10 billion. https://www.google.com/amp/s/www.zdnet.com/google-amp/article/alibaba-generates-149-billion-yuan-in-sales-in-first-12-hours-of-11-11/
Walmart Plans To Launch AI-Based Lab In Its Store
“US-based retail corporation Walmart is reportedly planning to launch an artificial intelligence (AI) -based lab which they are calling an Intelligent Retail Lab inside one of its stores in Levittown, New York. The company plans on using AI to help it identify when stocks are running low so that it can replenish it. The company is also…
Boost search results by 40% and increase sales by 5%
“Founded in 2012, Oulu startup Smartifik has raised undisclosed funding to develop customer facing tools based on natural language processing and natural language understanding. The product suite contains a chatbot, advanced search, personalized product recommendations, and speech recognition. The company claims its tools, targeting ecommerce clients, can boost search results by 40% and increase sales by 5%. Smartifik’s…