“According to research published by McKinsey ahead of the 2019 holiday season, 62% of shoppers planned to make their purchases online and in-store. Flashy new online and AR/VR shopping schemes may grab headlines. But by 2023, ecommerce is expected to account for just 21% of total retail sales, and a mere 5% of grocery sales….
Tag: AI eCommerce
3 industries that won’t exist in 20 years
“The insurance, transportation, and retail industries will either not exist in 20 years or will have changed completely due to artificial intelligence (AI), innovation, and other factors, according to Dave Jordan, global head, consulting and services integration at Tata Consultancy Services (TCS).” https://www.google.com/amp/s/www.techrepublic.com/google-amp/article/3-industries-that-wont-exist-in-20-years/
AI‑driven search boosts sales in a hurry for UK retailer Wickes
“Artificial intelligence is demonstrating its worth quickly for Wickes Building Supplies Ltd., a U.K. home improvement retailer. Less than three months after deploying an AI-driven site search tool from Bloomreach, Wickes.co.uk‘s conversion rate from site search is up 15%, failed searches that return no product results are down 30% and there are 5% fewer exits…
Top Software Development AI Tools and Frameworks for 2020
“According to the research study, AI has the potential to boost rates of profitability by 38% approx. by 2035 and lead to an economic boost of $14 trillion across 16 industries by 2035. (Source) According to the survey, more than 80% of consumer interactions will be done solely by chatbots in 2020. The recent study…
What Retail AI Looks Like in Western Europe – eMarketer
“According to July 2019 data from P&S Intelligence, the global market for retail-related AI is expected to be worth nearly $4.34 billion by 2024, posting a compound annual growth rate (CAGR) of 35.4% between now and then. Two-thirds of retailers in France considered the use of AI indispensable for ecommerce, and a further 18.5% said…