JD.com adopts AI to drive growth in small cities, among female users as ecommerce slows

“Zhou Bowen, head of AI at JD.com, said the company’s AI-powered SnapShop, which allows users to take a photo of a product and provide identical and similar product recommendations, is helping it grow business in smaller cities and among young female consumers of fashion and beauty products, all of which are growth markets for JD.com.”

https://www.google.com/amp/s/www.techinasia.com/jdcom-adopts-ai-drive-growth-small-cities-female-users-ecommerce-slump/amp/

How Retailers Like Tencent Are Optimizing Shopper Analytics With Behavioral Heat Mapping

“Innovative retailers have used in-store heatmapping, CCTV, floor sensors and more in order to determine shopper patterns, inform resource planning and ultimately improve the store experience:

Tencent YouTu Lab x Intel

YouBox is an intelligent analytics framework that retailers can apply to legacy cameras. DeepGaze provides retailers with information about how shoppers move around the store and hotspots they visit.

JD.ID X-Mart

Chinese ecommerce company JD opened a cashierless store in Jakarta, Indonesia, that uses sophisticated technology to study shopper movements.

The Drug Store

Iris Nova, the parent company of direct-to-consumer beverage brand Dirty Lemon, has opened two cashier-less stores in New York City, which use heat map trackers to monitor shopper foot traffic as well as RFID-enabled refrigerators that track inventory sold and QR codes that prompt shoppers to pay via text message.”

https://www.psfk.com/2019/04/data-debrief-behavioral-heat-mapping.html

Chinese eCommerce Firm JD.Com And Google Debut Online Store

  • “JD.com, one of the biggest eCommerce retailers in China, has teamed up with Google to launch a store on Google Express, according to a report by Reuters.  
  • The site is called Joybuy and currently offers everything from shoes to electronics to hair extensions. A majority of the products are under $100 and from brands with less exposure.”

https://www.google.com/amp/s/www.pymnts.com/news/ecommerce/2019/jdcom-google-online-store-joybuy/amp/

Infographic: 10 companies hiring the most AI talent

  • “Demand for workers in artificial intelligence (AI) has increased by up to 119% in the past three years
  • Contrary to popular belief, AI isn’t replacing humans in tech; rather, at this point, it is creating more jobs.
  • Microsoft has the most open AI jobs available currently, totaling 1,964 positions, which is 36% of all open jobs at the company, the report found.
  • NVIDIA came in second place, with 369 available AI jobs, assuming 33% of the company’s total open jobs.”

https://www.google.com/amp/s/www.techrepublic.com/google-amp/article/infographic-10-companies-hiring-the-most-ai-talent/

AI-related investments will grow by about 300 percent

“According to Martechtoday, Ocado reportedly planned to spend £175 million ($232 million) for its robotics and automation system this year, Amazon committed $5 billion in its tech investments in India alone, and Alibaba is looking into pouring $15 billion into research and development spending over the next three years. Forrester Research (PDF) predicts that AI-related investments will grow by about 300 percent in 2017, with businesses becoming more competitive by 2020 and gaining $1.2 trillion per year.”

JD.com

“According to Techemergence, after implementing this new initiative, a number of online orders reached 1.26 billion in 2015 (double the amount of orders in 2014) and approximately 85 percent of those orders were delivered within two days.”

Alibaba

“It’s customer service chatbot processeses 95 percent of customer inquiries, both written and spoken ones, and it is very powerful now.”

Rakuten

“Right now, with their Rakuten Institute of Technology, they are able to analyze their 200 million products to forecast sales with a high degree of accuracy.”

https://apiumhub.com/tech-blog-barcelona/artificial-intelligence-ecommerce/