Industry West lifts average order values by 15% with AI-powered ecommerce personalization from Nosto

  • “Home decor and furnishings retailer achieves 8% revenue boost through website content customization for different visitors in real-time
  • Industry West is using Nosto’s ecommerce personalization platform to display personalized product recommendations and to automatically customize onsite content to match the needs of individual visitors”

https://www.globenewswire.com/news-release/2019/11/19/1949371/0/en/Industry-West-lifts-average-order-values-by-15-with-AI-powered-ecommerce-personalization-from-Nosto.html

Bots Will Cost Ecommerce Sites $10 Billion in 2019

  • “Ecommerce sites around the globe will lose roughly $10 billion to cyberattacks this year, including bot and scraping fraud,
  • Out of the $585 billion that online retailers in the U.S. will rake in this year, $1.76 billion will be lost to similar forms of fraud,
  • According to a 2018 study from cybersecurity company Link11, ecommerce sites get hit with up to 70% more of these attacks on Black Friday relative to the rest of the month. On Cyber Monday, that figure spikes to more than 100%.”

https://www.google.com/amp/s/www.adweek.com/digital/bots-will-cost-ecommerce-sites-10-billion-in-2019/amp/

Brick & Mortar Melts Down as Ecommerce Jumps by Most Ever

  • “Ecommerce sales in the third quarter 2019 spiked 17.3% from a year ago to $145.7 billion,
  • Ecommerce sales will exceed $600 billion in 2019, double the amount five years ago.
  • Walmart…Despite many costly flops, its ecommerce sales have been soaring, including by 41% year-over-year in Q3.
  • Total retail sales, which includes ecommerce, in Q3 rose 4.0% year-over-year to $1.38
  • Sales at brick-and-mortar department stores in Q3 fell 5.7% year-over-year to a new multi-decade low of $33.8 billion…They’ve collapsed by 41% from the peak in Q4 2000 and by 20% from the beginning of the data series in 1992.”

https://wolfstreet.com/2019/11/22/ecommerce-sales-jump-by-most-in-history-brick-mortar-melts-down/

Optimising the M-commerce Value Chain Through Artificial Intelligence

  • “India was home to nearly 400 million smartphone users in June 2018—a figure that is expected to surpass the 500-million mark by 2022
  • according to a recent eMarketer study, mobile devices will account for more than three-quarters (76.5%) of the time that an average Indian consumer spends online.
  • We are no longer moving towards a digital-first future; we are already living in it.”

https://www.google.com/amp/s/www.entrepreneur.com/amphtml/342698


Neha Kulwal

CEO, Admitad India

http://linkedin.com/in/neha-kulwal-7a733115