“Next week, Adobe is rolling out ‘visual similarity recommendations’ which offer AI-powered product suggestions based on what consumers are considering purchasing. And this on-the-fly use of visual interpretation and recommendation is just the start.”
- “Adobe, which is following online sales in real-time at 80 of the top 100 retailers in the U.S., covering some 100 million SKUs, said US consumers spent $9 billion online on Black Friday, up 21.6% on a year ago. Adobe had originally forecast sales of between $8.9 billion and $9.6 billion.
- Smartphones continued to account for an increasing proportion of online sales, with this year’s $3.6 billion up 25.3%, while alternative deliveries — a sign of the e-commerce space maturing — also continued to grow, with in-store and curbside pickup up 52% on 2019.
- The average cart size for US shoppers was $95.60
- In either case, smartphones continue to be a major driver of how sales get made. Adobe said 40% of all sales were on handsets, lower than the day before but 7% higher than in 2019.
- Cyber Monday is likely to continue to be the biggest of them all, expected to bring in between $11.2 billion and $13 billion in e-commerce transactions, up 19%-38% year-on-year.”
“Adobe’s Sensei uses visual AI to recognize and process product imagery and match patterns, Jason Woosley, vice president of commerce product and platform for Adobe’s Experience Business, writes in a blog post. Because the recommendations feature is visually driven, merchants do not need to collect and analyze consumer behavioral data to use it, making it faster to implement, Adobe says. The feature will be available Dec. 8.”
“No matter whether they use digital channels or visit a branch, all customers want the same thing: a personalized and convenient banking experience.
AI and machine learning that analyzes customer behavior and provides personalized products and services can change how you interact with customers.
Download this white paper to learn how to:
– Balance your high-tech offerings with the human touch
– Generate more customer loyalty
– Leverage a human-machine model that frees up employees to focus on customer engagement
– Measure the ROI of your digital processes”
- “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 percent jump in March. Magento Commerce merchants witnessed an average of 30% increase in March, even as most countries were declaring lockdown. These numbers almost matched the kind of volume orders and sales we see for Black Friday or Cyber Monday.”