How Germany’s Otto uses artificial intelligence “Overall, the surplus stock that Otto must hold has declined by a fifth. The new AI system has reduced product returns by more than 2m items a year. Customers get their items sooner, which improves retention over time, and the technology also benefits the environment, because fewer packages get…
Infographic: Top 10 Data Points for AI eCommerce
— One of the key challenges of building a business case for a nascent industry such as AI eCommerce is trying to find the data to support and justify your assumptions for lift of: conversion, AOV, revenue and more. That, combined with a substantial amount of vendor research, has led to the development of this…
AI Infographic from Fortune.com
— Here’s an infographic from Fortune magazine with a different perspective on the list of Top 50 AI startups from CB Insights. “We know that artificial intelligence will soon reshape our world. But which companies will lead the way? To help answer that question, research firm CB Insights recently selected the “AI 100,” a list…
AI Vendor Research: Wacul
Vendor: Wacul Website: https://wacul-ai.com/en/ Headquarters: Tokyo Japan Key Product: AI Analyst Connect Wacul AI Analyst to your Google Analytics Receive complete AI analysis on site improvements and conversion recommendations based on your data No charge for setup and requires less than one minute The service has tiered pricing, with the cheapest premium version coming in…
Infographic: AI in eCommerce (Visenze)
“Artificial intelligence technologies hold a huge potential for e-commerce automation systems such as inventory management, supply management, price optimization, and other related software. It also turns out that AI can help automate even more tasks and enhance user shopping experience.Visenze had recently shared a very pictorial infographic about the actual and potential use of artificial intelligence in e-commerce.” View…