“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…
Tag: AI eCommerce
NEW DATA: Five Ways Social Distancing Is Transforming Retail
“COVID-19 has driven consumers indoors — and online. Consumers are 30.6 percent more likely to make their purchases online in 2020 than they were in 2019 consumers who report using their mobile devices to enhance their in-store experiences having increased from 49.6 percent to 72.1 percent during the last year. To learn more about how…
Brands use chatbots to find a direct channel to consumers
“Yellow Messenger announced a $20 million series B round led by the US fund of Lightspeed Venture Partners on Friday. Its conversational AI platform is used by over 100 enterprises for customer and employee engagement. It’s hard to run call centres because they require people to go into large offices with dedicated telephony and computer…
Online Apparel Catches Fire
“The March 27 cut of the PYMNTS survey found 19.1 percent of consumers had shifted their purchase to online retail. Couple that with 11.1 percent of respondents shopping somewhat or much more than the March 17 survey and the evidence of a comeback was easier to see. Vogue Business was among the outlets picking up…
AI Holds Answers For Retail’s Post-COVID Future
“Based out of London and New York, EDITED is among those bringing AI to retail data, and plans to expand to the U.S. The company’s retail decisioning platform compiles data from eCommerce websites, its clients and publicly available data. If data is the new oil for retail competition, AI is the jet fuel. And if…