“Huang also introduced Merlin, an application framework for recommendation systems that Huang considers “the most important AI model in the world today,” one that “drives the vast majority of the economic engine of the internet.” Recommendation systems can decide which items shoppers see in an ecommerce store or personalize results seen on a site like…
Tag: AI eCommerce
Report: 63% of APAC customers willing to switch to neobanks
“The era of digital banking is well underway in the Asia Pacific (APAC) region, and is set to accelerate in the next five years, with 63% of customers willing to switch to neobanks and challenger banks between now and 2025. The research was made through review of 55 banks, 20 challenger banks and 40 fintech…
TODAY IN DATAThe Rise Of eCommerce Wine Sales And Shipments Amid The Pandemic
“Online wine retailers are reporting large increases in sales amid the pandemic, and they are hiring more people for their operations. And in logistics, shipping companies are contending with Black Friday-like eCommerce levels.” The Rise Of eCommerce Wine Sales And Shipments Amid The Pandemic
Bloomreach Hits Major Milestones As It Powers Over USD 200 Billion in Digital Commerce Experiences for Brands, Representing 25% of All Retail eCommerce Experiences in the U.S. and UK
“Bloomreach customers’ record growth in eCommerce, with the average customer up 36% in digital and online commerce revenue year-to-date, and on average up 44% in online revenue since March 1, 2020” https://www.prnewswire.co.uk/news-releases/bloomreach-hits-major-milestones-as-it-powers-over-usd-200-billion-in-digital-commerce-experiences-for-brands-representing-25-of-all-retail-ecommerce-experiences-in-the-u-s-and-uk-833243565.html
Amazon releases Kendra to solve enterprise search with AI and machine learning – TechCrunch
“Today the company announced the general availability of Amazon Kendra, its cloud enterprise search product that the company announced last year at AWS re:Invent. Amazon is trying to change the enterprise search game by putting it into a more modern machine learning-driven context to use today’s technology to help you find that perfect response just…