“Christian Arno, founder and president of Edinburgh-based Lingo24, said that the use of AI was also reducing the time it takes to get products to market by 75%.” “Arno points to the time and costs savings made for clients when it comes to creating product catalogues. A typical catalogue might contain 50,000 products, with around…
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Checkout Alibaba “Cloud Shelf”
“The expo’s main attraction in terms of AI tech is the “Cloud Shelf”, which provides retailers with the capabilities to stock virtual products on their shelves that are available to order online, creating a truly omnichannel shopping experience.” https://www.powerretail.com.au/pureplay/alibaba-ecommerce-expo/
Infographic: Mobile Ecommerce Trends Caused by AI in 2018
“The integration of Artificial Intelligence (AI) in the workflow of small businesses has made them more efficient. And for e-commerce businesses with a mobile presence, the contribution of AI can transform your online business, this according to an infographic by Mofluid.” https://smallbiztrends.com/2018/09/ai-driven-m-commerce-trends.html
Scout – New ai Shopping App from Amazon
“Amazon hasn’t started promoting the site yet, but CNBC first reported on it this week, followed closely by Business Insider. The company is using its proprietary machine learning technology to absorb customers’ preferences — shoppers can like (thumbs up) or dislike (thumbs down) — and Amazon’s artificial intelligence responds by showing other products based on their…
India $64B Opportunity in 2021
“Indian consumers have started embracing e-commerce with great zeal. According to Forrester, India is the fastest-growing online retail market in the world that will reach $64 billion by 2021, growing at a CAGR of 31.2%. The global payments leader, Worldpay, estimates that India will outshine the US to become the second largest e-commerce market globally…