“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…
AI-related investments will grow by about 300 percent
“According to Martechtoday, Ocado reportedly planned to spend £175 million ($232 million) for its robotics and automation system this year, Amazon committed $5 billion in its tech investments in India alone, and Alibaba is looking into pouring $15 billion into research and development spending over the next three years. Forrester Research (PDF) predicts that AI-related…
Nosto 22% YOY increase in GMV
The company’s innovative retail personalization solutions have fueled a three-year growth rate of 260 percent in North America driven by deep relationships with 2,500 of the world’s fastest growing brands. Nosto has also driven a gross merchandise volume (GMV) of more than $10 billion through its customer stores, and is averaging a 22 percent increase…
Sprint executive chairman Marcelo Claure came out fighting
“Claure also talked up artificial intelligence (AI), predicting the technology will revolutionise industries including media, healthcare and eCommerce. Claure concluded: ‘The level of innovation and disruption in the next 30 years is going to be significantly larger than what we have experienced the last 300 years…Companies that use artificial intelligence with the power of 5G…
AI-based product recommendations will drive 35% of all revenue
If you haven’t gathered from my previous posts, I’m a bit of a data geek. That said, this post from chainstoreage.com is a gold-mine of information in prep for the holiday season. Here are just a few snippets. Check out the full post for more details. “• AI-based product recommendations will drive more growth. Revenue…