“During the first month that the app was available, the company reported a 20 percent increase in average purchase value for those two categories as well as an increase in sales conversions.” https://www.google.com/amp/s/www.pymnts.com/news/retail/2018/forever-21-alex-ok-donde-visual-search-hm-ai/amp/
ai Driven Apps from Leading Platforms
This article shares 14 ai applications found within the app stores for Shopify, Magento and Big Commerce. There are a few new vendors included, so I’ll add them to my list on the right. 14 A.I.-powered Apps for Personalization, Higher Conversions
43 ways AI will impact eCommerce
The impact of artificial intelligence on eCommerce will far exceed the current impact being driven by mobile. Need proof? Here are 43 ways AI will impact eCommerce. eCommerce is booming and the trend is projected to continue into the foreseeable future. In fact, eMarketer estimates that, “worldwide retail ecommerce sales will reach $1.915 Trillion, and…
Luv.ai Acquired by Flipkart
“The executive noted that building a voice interface is challenging in India, given the multiple languages and accents in the country. “The team at Liv has been able to solve this through multiple technological innovations, including deep neural net-based methods. This expertise is a big capability add-on for us, and we are delighted to welcome…
$27B industry by 2025
“Research and Markets estimates that the market for AI in retail will be $27 billion by 2025. That’s $26.5 billion more than the market was in 2016.” The AI revolution in e‑commerce: Who’s shifting the path to purchase?