“Start with some of the low-hanging fruit in AI with relatively immediate returns, like customer service. Doing so gets you on the AI train and allows you to start to accumulate actionable data about your customer. Second, find ways to augment AI into existing business processes, supplementing what humans do, allowing them to focus on…
Tag: AI eCommerce
Razorpay swoops on AI-based fraud prevention firm Thirdwatch
“Razorpay CEO Harshil Mathur called the deal a “perfect fit” and believes that it will result in a 30-40% decrease in fraud level by next year.” https://www.verdict.co.uk/electronic-payments-international/news/razorpay-swoops-on-ai-based-fraud-prevention-firm-thirdwatch/ ThirdWatch – https://www.thirdwatch.ai
How An AI Driven Logistics Startup Is Helping Small Ecommerce Players
“He points out that shiprocket clocked one million monthly shipments in June with annual GMV of over US$ 250 million. Currently, Shiprocket ships to 220 countries and across 26,000 PIN codes in India with 15 courier partners onboard. ‘We aim to triple our active sellers to reach 50,000 by the end of this fiscal and…
Nike Plans to Get More Personal With Customers by Acquiring AI Startup
“Celect was founded by Massachusetts Institute of Technology (MIT) professors Devavrat Shah and Vivek Farias in 2013, and has helped many retailers “optimize inventory” through data collection and machine learning. According to its website, past clients include Urban Outfitters, Lucky Brand and Aldo, among other major retail brands.” https://www.google.com/amp/s/observer.com/2019/08/nike-buys-ai-startup-celect-learn-customer-preference/amp/ Devavrat Shah http://linkedin.com/in/devavrat-shah-63b59a2
AI And A Consumer’s Curated Path To Purchase
http://linkedin.com/in/sanjay-saraf-1562b32 “Narrowly speaking, the only way to appeal to consumers in this very fast ecosystem is to better understand them and leverage that understanding into a more personalized experience. That AI-enhanced customer understanding allows the marketplace to ramp up its personalization efforts, said Saraf — but it is just one of about five areas where…