“’Given that consumers are expecting more from their digital experiences, fintech startups are just not disrupting the space, but also empowering consumers,’ he said, adding that they are leveraging artificial intelligence (AI) and machine learning (ML) to improve their bottom lines. Ashish Anantharaman, CTO, Zest Money. Ashish carried out a deep-dive into the operations of…
Tag: AI eCommerce
Optimizing ecommerce & mobile for in-the-moment holiday shopping experiences
“In fact, according to new data released from the Adobe Digital Index US ecommerce sales in July rose 55% year-over-year (YoY) reaching a record $66.3 billion. According to Software Advice 73% of consumers who are shopping online more since the pandemic plan to continue doing so in future. Today, over 81% of Americans own smartphones…
How Artificial Intelligence is changing the way we search and find online
“The customer searching online tries to make their query as accurate and intelligent as possible while the search engine simply responds by sharing everything it knows, but without actually answering the question. AI by contrast can spot what the customer intends and gives answers based on that intent, depending where an individual shopper is in…
Facebook Stock Hits High As Social Media Giant Unveils E-Commerce Features
“New features include Facebook Shop, a dedicated space on its mobile app where users can browse and shop for products from various businesses. Businesses can set up a single online store that customers can access on both Facebook and Instagram. ‘These new features give businesses more control over how their digital storefront looks and make…
Luxury Brands Find Creative Ways To Stay Relevant
“A June report from the Boston Consulting Group predicts a drop in sales of personal luxury goods from 25 to 45 percent due completely to the pandemic One of the recommendations from the BCG report for luxury brands is to build an artificial intelligence (AI)-driven technology backbone and accelerate eCommerce. From April through June, engagement…