“Another fun fact: nearly half of US consumers say they’re more likely to make purchases with companies that personalize experiences, according to Accenture. It’s estimated that by 2020, eCommerce businesses who use a smart personalization software will see as much as a 15% increase in their profits, according to Gartner. Following a recent 3-month long…
Tag: AI eCommerce
Walmart vs. Amazon: Who Will Win in 2019?
Image Credit: RIS News “For perspective, it’s worth noting that eMarketer expects Walmart to account for 4.6% of ecommerce sales this year, up from around 4% in 2018. The company expects to come off its 40% growth in 2018 with 35% growth in 2019. This doesn’t compare with Amazon’s strong double digit growth rate especially…
Vue.ai raises $17 million for AI-driven retail products
“In an internal study, the company claims that online shoppers spent upwards of 72 minutes on websites where its software was deployed, compared with 25 minutes on sites without it VueTag, an AI-powered object recognition service that tags and categorizes up to 30,000 product images per hour across over 250 attributes including color, pattern, length,…
Intellimize raises $8 million to optimize websites with AI
“’Last year, marketers spent $100 billion in paid media to drive traffic to websites, yet 98% of those visitors left without becoming customers,’ Yalif said. Yalif, who was previously head of global product and vertical marketing at Twitter and who held leadership roles at Microsoft, Boston Consulting Group, Yahoo, Intellimize’s product taps AI to generate…
Virtual Fitting Room Markets, 2024 by Component
Image credit: Modular4KC.com “The virtual fitting market size to grow from USD 2.9 billion in 2019 to USD 7.6 billion by 2024, at a CAGR of 20.9% during 2019-2024 The major growth factor for the market is the increase in the adoption of advanced technologies such as AR and VR. Another factor that is contributing…