“Magento Commerce, owned by Adobe, has announced a series of unique features to automate and intelligently provide product recommendations to online consumers. AI is the core of these e-commerce features. eCommerce growth still outpaces overall retail growth at 14.1% versus 4%. According to a recent Adobe Analytics data, the US-based e-commerce industry saw a 25…
Month: April 2020
How Banks Can Begin to Catch Up with Amazon’s Personalization Genius
“Many bankers are still unclear about what personalization really means. It’s quite simple in concept: Sending the right information to the right person at the right time. With so much incentive to become a truly AI driven, hyper-personalized business and break through the noise in the market, there is a danger that too much insight…
Leverage AI to maximise efficiency
“According to a study done by consultants PricewaterhouseCoopers (PwC), AI could contribute up to $15.7 trillion to the global economy by 2030 Google used AI to reduce energy consumption in its data centers by more than 30 per cent Alibaba leveraged AI to increase its ROI in online advertising by 240 per cent without increasing…
NEW DATA: Five Ways Social Distancing Is Transforming Retail
“COVID-19 has driven consumers indoors — and online. Consumers are 30.6 percent more likely to make their purchases online in 2020 than they were in 2019 consumers who report using their mobile devices to enhance their in-store experiences having increased from 49.6 percent to 72.1 percent during the last year. To learn more about how…
How social media feels about the coronavirus
“Expert System specializes in semantics and natural language reading, a branch of AI involving computer systems that attempt to make sense of written language. In doing so, a computer can rapidly analyze vast amounts of the written word — like, for example, a day’s worth of social media posts about the COVID-19 pandemic. On April…