“Retail Insight Network lists the top five terms tweeted in retail technology in October 2019, based on data from GlobalData’s Influencer Platform. 1. e-commerce – 489 mentions 2. MarTech – 160 mentions 3. Digital marketing – 143 mentions 4. Innovation – 137 mentions 5. Artificial Intelligence – 128 mentions” https://www.retail-insight-network.com/influencers/retail-technology-trends-in-october-2019-e-commerce-leads-twitter-mentions/
Tag: AI eCommerce
Benefits of Artificial Intelligence in the eCommerce Industry
“Back in 2017, eCommerce accounts for nearly $2.3 trillion in sales, and according to Statista, the number should hit a whopping $4.5 trillion by 2021. Also, about ten percent of the retail sales in the United States come from eCommerce, and even this number is expected to grow by 15 percent every year.” https://edgy.app/benefits-of-artificial-intelligence-in-the-ecommerce-industry?pfrom=marketing&fp=a7
The Future Of E-Commerce
“Future of E-commerce Experience 1. The E-commerce Experience will Transcend The Screen. 2. The E-commerce Experience will be More Personalized. 3. The E-commerce Experience will Include a Lot More Relevant Content. 4. The E-commerce Experience will Shift Toward Better Service and Elevate the Shopping Experience.” https://www.google.com/amp/s/www.forbes.com/sites/kimberlywhitler/2019/11/16/the-future-of-ecommerce-and-how-the-experience-will-change/amp/
Tesco CTO says retail firms must use AI, machine learning to win
“How is Tesco leveraging big data and analytics? Retail is a very competitive business and the ability to crunch large volumes of data using emerging technologies such as AI, ML, and big data analytics is important. Tesco is looking to use big data and ML to help customers shop better.” Guus Dekkers Chief Technology Officer…
Amazon Saw 15-Fold Jump In Forecast Accuracy With Deep Learning And Other AI Stats
“When Amazon switched from traditional machine learning techniques to deep learning in 2015, it saw a 15-fold increase in the accuracy of its forecasts, Mastercard has used AI to…reduce fraudulent transactions by about 40%” https://www.google.com/amp/s/www.forbes.com/sites/gilpress/2019/11/14/amazon-saw-15-fold-jump-in-forecast-accuracy-with-deep-learning-and-other-ai-stats/amp/