“Ecommerce sites around the globe will lose roughly $10 billion to cyberattacks this year, including bot and scraping fraud, Out of the $585 billion that online retailers in the U.S. will rake in this year, $1.76 billion will be lost to similar forms of fraud, According to a 2018 study from cybersecurity company Link11, ecommerce…
Tag: AI eCommerce
Brick & Mortar Melts Down as Ecommerce Jumps by Most Ever
“Ecommerce sales in the third quarter 2019 spiked 17.3% from a year ago to $145.7 billion, Ecommerce sales will exceed $600 billion in 2019, double the amount five years ago. Walmart…Despite many costly flops, its ecommerce sales have been soaring, including by 41% year-over-year in Q3. Total retail sales, which includes ecommerce, in Q3 rose…
Optimising the M-commerce Value Chain Through Artificial Intelligence
“India was home to nearly 400 million smartphone users in June 2018—a figure that is expected to surpass the 500-million mark by 2022 according to a recent eMarketer study, mobile devices will account for more than three-quarters (76.5%) of the time that an average Indian consumer spends online. We are no longer moving towards a…
Punchh raises $40 million for AI that promotes customer engagement and loyalty
“Punchh, a startup leveraging machine learning and omnichannel integrations to create customer journeys, today revealed that it’s closed a $40 million series C round Punchh says its clients experience an 85% uptick in offer redemption rates on average and an 84% boost in loyalty participation rates, as well as a 58% loyalty check lift. It…
Titan bets big on leveraging AI in creativity, design, e-commerce
“GAN is a Deep Learning neural network that continuously improves over time by playing the dual roles of ‘doer’ and ‘critic’. Titan’s AI team trained the neural network with thousands of images from the company’s stellar collections to create this powerful tool. Generating new designs at the rate of over one per second, this tool…