AI essentially enables machines to perform tedious tasks so that humans can channel their energy toward smarter and smarter work. https://bit.ly/2WtSD80
FastAI is designed to simplify neural network training.
It is based on research into the best practices in deep learning.https://bit.ly/3hnD3mF
In the first part of this blog, we looked at how Artificial Intelligence (AI) has shifted to the supplier side of the retail eco-system, particularly in two areas — price and product offering.
Above all, history shows that people who have previously purchased from your company will be repeat customers if they are happy with the entire journey.AI E-commerce has retained the power to analyze vast ways of data and human behavior.
Experts believe that the day that AI affects every step of the customer journey — from marketing messages, advertising, product design, and shipping — is far from over.Virtual shopping assistants or recommendation engines can help customers find a product from catalogs, which is another area where AI can help.
In the offline world, thanks to the assembly line method of producing goods for the public, there is not much personalization.
The data around individual customers was used to create an attractive experience to drawback to the e-store.To Know More: How Artificial Intelligence (AI) Will Shape your E-Commerce Business in 2020?Now, with AI in the picture, and its ability to analyze data at a much higher speed, personalization of objects has taken on a whole new meaning.
AI techniques can help identify patterns, learn from them, and create hyper-personalization recommendations for customers.What’s more, AI can analyze customer sentiments across various social media channels and compare customer profiles with their social experiences regarding a particular product.
Businesses require a hyper-personalized marketing strategy to stay ahead of their competitors.
GreyFOX AI creates hyper-personalized offers for Shopify Customers on the basis of their purchase patterns.
Every business is transforming itself from physical stores to online stores.
How does it impact the business?
All these questions and more will be answered in this blog.
Technology helps to Enhance Customer ExperienceThanks to technological advancements, businesses are able to create innovative ways to enhance user experience while shopping online.Today online shopping is much easier and hassle-free.
Shopping is a matter of few clicks on mobile devices and the product is delivered at your doorstep in no time.Technology Provides Personalized DataThis is a relief for the B2B sector.
Technology enables gathering personalized data which allows B2B players to understand consumer behavior.This eventually helps the business deliver data-driven services which enhances customer retention and attracts new customers.Artificial IntelligenceTechnology advancement has given us the gift of Artificial Intelligence.
According to marketing experts, Artificial Intelligence does something we are not crazy about doing anyway, it does it quietly and well, and then we don’t take it too seriously.Today, we see AI running boldly in the corridors of any company, any industry, and any type of business.
And though artificial, technology has added a personal touch to the way we shop and do business.
E-commerce chatbots help you find the right product, check product availability, compare multiple products, and finally, pay.
Buyers can ‘talk’ with these machines through text, voice and sometimes images.
Chatbots allow companies to add a personal touch to the relationship between AI and customers, without using manual labor.2.
Predictive salesDeep learning, statistical programming and predictive analysis of large data sets are possible with AI algorithms.
In this post we'll take a look at why accurately estimating delivery dates is so hard, and what you actually need to do to estimate an accurate delivery date.Why So Hard?Explaining why it's so hard is actually easy.
But it'll suffice to help us walk through all the data feeds that are critical to an accurate delivery date.
If you want to get really fancy, you can look at customer on-site behavior, purchase history, and/or loyalty status, and factor that into the shipping options displayed, e.g.
giving loyal customers free expedited shipping.Product: You can't calculate a shipping cost without package weights and dimensions, and that information is generally stored with product data.
If you're really clever, you can set up rules and a machine learning algorithm to optimize the box size used to pack a given group of items (and continuously get better at doing this).
And if you are really, really clever, you can factor product profitability into the equation, e.g.
