“Artificial intelligence will again change the way we shop, according to EY’s FutureConsumer.Now research. As A.I. bots develop, consumers will be able to outsource the type of shopping which doesn’t excite them. Shoppers will no longer have to dedicate their time to repetitive purchases s Experimenting with other new technologies will also attract higher footfall:…
Tag: AI eCommerce
DATA’S GROWING ROLE IN SCALABLE ECOMMERCE
“In the US, for example, ecommerce currently accounts for approximately 10% of all retail sales, a number that’s projected to swell to nearly 18% by 2021. Financial analysts predict the retail giant (Amazon) will control 50% of the US’ online retail sales by as early as 2021, In order to shift ecommerce from a product-centric…
Retail and Banking Lead in Global AI Spending, According to Report
“The retail category as a whole will spend $5.9 billion this year on tools like automated customer service agents and product recommendation generators, while the banking sector is set to put $5.6 billion toward more security-oriented AI uses like fraud prevention and threat intelligence, according to the report. Total spending from businesses on AI is…
REI uses artificial intelligence for order management
“REI’s sales increased $100 million in the first year of using the Watson Order Management tool by tapping into this previously unseen store inventory, Bingle says. ‘We calculated that we were saying, ‘No’ 800,000 times every year because we weren’t accessing the inventory in the stores itself,’ says Bingle about not being able to fulfill…
#SXSW Nightly News
I’d like to formally welcome “all y’all” to my home…Austin, TX…and my artificial intelligence (ai) blog. A quick Texas vocabulary lesson if you’re new to the state. y’all = 2 people all y’all = 3 or more people 🙂 On the topic of AI, be sure to check back nightly for news, updates and information…