“Alibaba has introduced an artificial intelligence (AI) tool that it says can produce up to 20,000 lines of content a second, helping merchants on its retail sites generate product information without humans. According to Alibaba, merchants and marketers on its e-commerce sites including Taobao, Tmall, Mei.com, and 1699.com have used the copywriting tool, on average,…
Tag: artificial intelligence
Voice-first, AI, AR: Three technologies race to again change how we shop – GeekWire
(Pixabay / mohamed_hassan Image) “Subscription commerce is particularly ripe, especially that focused on product curation and sampling. The frequent repeat nature of a subscription service lends itself particularly well to AI. Your steady stream of preference data is all the fuel it needs to generate smart recommendations. In this regard, Stich Fix is ahead of…
Increase conversion rate by almost 40 percent for products in categories which have 3D
“According to the Cappasity 3D imaging market research, 82 percent of visitors to the product page activate the 3D view, and 95 percent of respondents prefer an interactive 3D representation to video playback. So, it does not come as a surprise that 3D product imaging allows for significant increase in key metrics like conversion rate. “We managed…
Bad UX is costing e-commerce businesses nearly $1.5 trillion globally
“This is a key focus that is being recognized by the industry and brands as a whole, with customer experience consultancy, Walker, revealing that, by the year 2020, customer experience will overtake price and product as the key brand differentiator. Permanent uplift in conversion is a by-product of improving the user experience, which leads very…
2.3 trillion dollars which is likely to grow by over 246% by 2021
“The ecommerce industry has seen tremendous growth in the last decade and it doesn’t look to slow down anytime soon. 2017 alone favored global retail e-commerce sales to the tune of 2.3 trillion dollars which is a trillion dollars extra to what it was in 2014. This figure is likely to grow by over 246%…