“Next week, Adobe is rolling out ‘visual similarity recommendations’ which offer AI-powered product suggestions based on what consumers are considering purchasing. And this on-the-fly use of visual interpretation and recommendation is just the start.”
- “Visual search technologies could help eCommerce brands gain the edge they need to engage customers and — more importantly — make purchases.
- Studies predict that supporting visual and voice search could boost digital commerce revenues by as much as 30 percent by 2021.
- A recent study found that 62 percent of Gen Z and millennial consumers want visual search technologies.”
“Calling it ‘see now, buy now’ Tommy Hilfiger introduced its visual commerce app via desktop and mobile at tommy.com in September 2019, giving users the opportunity to shop its collection in a ‘fully merchandised digital environment.'”
- “According to July 2019 data from P&S Intelligence, the global market for retail-related AI is expected to be worth nearly $4.34 billion by 2024, posting a compound annual growth rate (CAGR) of 35.4% between now and then.
- Two-thirds of retailers in France considered the use of AI indispensable for ecommerce, and a further 18.5% said it was very useful, per Octopeek.
- Farfetch…has partnered with visual AI startup Syte on a “See it, Snap it, Shop it” feature. It allows customers to upload a photo or online image; the app will then display the item, or something very similar, on one or more retail sites.”
“Google’s Cloud Auto ML service, which doesn’t require any coding experience to use (it’s free to try), was trained to find Waldo by looking at dozens of pictures of the cartoon, which were all found on Google Image Search.”