“Feifei believes AI is “yet to make a big impact” and remains limited to heuristics like computer vision, speech, and voice recognition. But, he feels that one thing’s crystal clear: AI will in time play a big role in the way business is conducted. At Alibaba, we have the Auto Scaler; you can automate and…
Tag: AI eCommerce
A day in the life of… Mark Douthwaite, AI Engineer at Peak
“Which marketing or ecommerce has impressed you lately? I’m particularly proud of our work with Footasylum, a UK-based sportswear retailer, We created bespoke algorithms that distributed hyper-personalised product recommendations. Our work achieved a 28% uplift in revenue per email sent by Footasylum In another solution for Footasylum, we achieved a massive 10x higher than industry…
How SMEs can emulate the success of Amazon through ecommerce personalisation
“So much so that it was recently reported that they (Amazon) have more than a 30% share of the UK’s ecommerce market. Here are just a few of the practices of Amazon which can be emulated by SMEs through investment in an ecommerce personalisation platform. Personal references – ‘Hello John’ Recently viewed – link to…
How artificial intelligence and machine learning are revolutionising eCommerce experience?
“Algorithms were used to generate creative descriptions of each product via optical character recognition (OCR) and image processing. With this artificial-intelligence (AI)-enabled solution and natural language processing (NLP), automated product descriptions were generated. This reduced the time spent on this task and the retailer was able to reclaim lost online sales worth $6.9 mn, annually.”…
Breakingviews – Bank of England’s AI approach will toughen up
“The Bank of England last year picked artificial-intelligence pioneer Alan Turing as the face of its new 50-pound note. Computer programmes with humanlike problem-solving skills are already a fixture of the UK financial system. Two-thirds of the companies that the BoE surveyed make use of such systems, Boston Consulting Group, for example, reckons AI software…