Intelligent Search in Banking and Financial Services – Current Capabilities

  • “The  potential influence of artificial intelligence and machine learning on enterprise search can be understood as two important capabilities:
  • Making more information accessible – An AI application can also accomplish this through automatically adding metadata to backlogs of enterprise data.
  • Enabling companies to ask deeper questions – Employees could search for documents and information beyond what directly pertains to a single keyword.”

https://emerj.com/partner-content/intelligent-search-in-banking/

The AI stack that’s changing retail personalization

“With the sheer amount of products being sold online, shoppers primarily discover products through category or search-based navigation. However, inconsistencies in product metadata created by vendors or merchandisers lead to poor recall of products and broken search experiences. This is where image recognition and machine learning can deeply analyze enormous data sets and a vast assortment of visual features that exist in a product to automatically extract labels from the product images and improve the accuracy of search results.”

Google searches for better results with AI

“This shift, announced Friday, moves the world’s biggest search engine from spitting out results based on keywords to “something closer to language,” said Ben Gomes, the search chief for Alphabet Inc.’s Google. “We’re very far from solving the problem fully, but this is a huge step forward,” he said at a press briefing.”

https://www.google.com/amp/s/www.livemint.com/v/s/www.livemint.com/technology/tech-news/google-searches-for-better-results-with-ai/amp-11572021992410.html%3famp_js_v=0.1&usqp=mq331AQCKAE%253D#ampf=

Want More Ecommerce Conversions? Improve Your Product Search

“Consumers are impatient. If they don’t find a product within a couple of search attempts, they will likely return to Google and click on the next best result.

By delivering more personalized and relevant product search results, you will improve your conversion rates and raise your average order value.

Most ecommerce platforms include a basic search engine. Merchants tend to use it until there’s a problem.”

https://www.practicalecommerce.com/want-more-ecommerce-conversions-improve-your-product-search

E-Commerce Search Is On The Verge Of A New Era

  • “When test subjects were assigned product-finding tasks on various sites, they were unable to locate the item almost one-third (31%) of the time.
  • Amazon has a legion of software developers immersed in artificial intelligence (AI), machine learning and deep learning, as well as…almost 200 million visitors each month.
  • The beauty of production-ready AI, as the term implies, is that it gives e-Commerce companies access to state-of-the art AI tools that they can deploy immediately.”

Lucidworks – https://lucidworks.com

We saw a 50-60% increase in conversions just from turning on Fusion.”

Jacob Wagner

Director of IT – Content, Bluestem Brands