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5 Ways Artificial Intelligence will Revolutionize Ecommerce

#artificialintelligence

The online shopping industry is about to get a facelift, or at least, a lift in intelligence technology. According to Entrepreneur, nearly 68 percent of online shoppers abandon their shopping carts, which has many in the ecommerce industry wondering how to hold consumer attention for longer. For the CEO of Sentient Technologies, Antoine Blondeau, the solution just might be Artificial intelligence. Here are 5 ways Artificial Intelligence could forever alter the ecommerce playing field. Hard to please shoppers just might have met their match in software designed to actually analyze images uploaded by customers and find similar, or matching, products for sale.


Artificial intelligence the next 'big bet' for online retailers, say bosses

#artificialintelligence

Artificial intelligence is the key to the future of online retail, business bosses have said, providing a crucial way to help shoppers find what they want. Alex Baldock, chief executive of Shop Direct, which runs very.co.uk and Littlewoods, told the Telegraph Festival of Business in London that artificial intelligence was the company's "big bet". "You have three seconds to seize the shopper's attention - it's called thumb stopping, the three-second audition," Mr Baldock said. "That's where personalisation comes in." Shop Direct is owned by Sir David and Sir Frederick Barclay, proprietors of Telegraph Media Group, the publisher of the Daily Telegraph.


Artificial intelligence is key to the future of online retailers

#artificialintelligence

According to the heads of a number of online retailers, artificial intelligence (AI) will play a key role in the future of the industry due to how it can be utilised to aid consumers in discovering new products and identifying what they want to buy. The chief executive of Shop Direct, Alex Baldock, believes that AI could be the company's "big bet" as it will provide a significant advantage to the retailer when dealing with its customers. Baldock explained how the new technology could help its business during a panel discussing technology's role in business, saying: "You have three seconds to seize the shopper's attention โ€“ it's called thumb stopping, the three-second audition. That's where personalisation comes in." Adrian Blair, the chief executive of Just Eat, was also present on the panel and noted that his company takes 80 per cent of its orders on mobile devices.


Artificial intelligence the next 'big bet' for online retailers, say bosses

#artificialintelligence

Artificial intelligence is the key to the future of online retail, business bosses have said, providing a crucial way to help shoppers find what they want. Alex Baldock, chief executive of Shop Direct, which runs very.co.uk and Littlewoods, told the Telegraph Festival of Business in London that artificial intelligence was the company's "big bet". "You have three seconds to seize the shopper's attention - it's called thumb stopping, the three-second audition," Mr Baldock said. "That's where personalisation comes in." Shop Direct is owned by Sir David and Sir Frederick Barclay, proprietors of Telegraph Media Group, the publisher of the Daily Telegraph.


5 Ways Artificial Intelligence Is Shaping the Future of Ecommerce

#artificialintelligence

Not only are online retailers competing with other online stores and brick-and-mortar locations, but also the overall noise that is the Internet. We live in a world where consumer attention span is getting shorter and shorter: 40 percent of people abandon a website that takes more than three seconds to load, and the average shopping cart is abandoned more than 68 percent of the time. I'm hard pressed to find an ecommerce site that is not constantly scrambling to engage more and drive more sales. Technology is finally helping with those efforts in a big way. Artificial intelligence (AI), which has demonstrated its value in industries like marketing, healthcare and finance, is now making a splash in online commerce.


5 Ways Artificial Intelligence Is Shaping the Future of Ecommerce

#artificialintelligence

Few industries are as competitive as ecommerce. Not only are online retailers competing with other online stores and brick-and-mortar locations, but also the overall noise that is the Internet. We live in a world where consumer attention span is getting shorter and shorter: 40 percent of people abandon a website that takes more than three seconds to load, and the average shopping cart is abandoned more than 68 percent of the time. I'm hard pressed to find an ecommerce site that is not constantly scrambling to engage more and drive more sales. Technology is finally helping with those efforts in a big way.


Echo And Alexa Are Two Years Old. Here's What Amazon Has Learned So Far

#artificialintelligence

On November 6 2014, Amazon announced Echo, a smart speaker featuring a voice-controlled assistant service called Alexa. The company didn't exactly go out of its way to whip up excitement for these newcomers. In sharp contrast to the rollout of its ill-fated Fire Phone--which kicked off with a press-conference extravaganza starring Jeff Bezos--it simply disclosed that Echo existed and would be sold, at first, on an invitation-only basis to Prime members. But Echo spoke for itself--and not just literally. People quickly saw that the pint-size cylinder was a genuinely new kind of consumer-electronics device.


Deep Learning (Adaptive Computation and Machine Learning series): Ian Goodfellow, Yoshua Bengio, Aaron Courville: 9780262035613: Amazon.com: Books

@machinelearnbot

Written by three experts in the field, Deep Learning is the only comprehensive book on the subject. It provides much-needed broad perspective and mathematical preliminaries for software engineers and students entering the field, and serves as a reference for authorities. Written by major contributors to the field, it is clear, comprehensive, and authoritative. If you want to know where deep learning came from, what it is good for, and where it is going, read this book. There was a need for a textbook for students, practitioners, and instructors that includes basic concepts, practical aspects, and advanced research topics.


Costco, Staples preview Black Friday tech deals

USATODAY - Tech Top Stories

The early round of Black Friday tech deals from Amazon and Dell point to some big discounts on TVs and game consoles. With just over three weeks to go until the big shopping week, we now have an idea of what to expect when it comes to a variety of other tech products. Similar to Dell, Costco and Staples will be offering deep discounts on computers. Microsoft's popular Surface Pro 4 tablet for instance, will be priced at $799.99 at Staples, a $200 discount, although the $129.99 keyboard accessory is not included. Costco will have a bundle that includes the tablet as well as the keyboard add-on for $250 off its regular price, or roughly $749.99 assuming the discount is applied to the similar bundle Costco currently offers.


Magento Welcomes Chloe, an Artificial Intelligence App, to Enhance Mob

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Sundown AI announces their recent integration of Chloe, an Artificial Intelligence platform, with Magento, Inc. a worldwide leader in cloud digital commerce innovations. Chloe enhances mobile commerce by providing a voice powered interface for Magento Online Stores. Chloe AI can be found in the Magento marketplace: https://marketplace.magento.com/sundownai-chloe.html With Chloe, Magento website visitors now have the ability to get immediate assistance to their product or service questions directly from their smartphones while navigating through a Magento store. While explaining how Chloe works is useful, a Chloe mobile demo is even better: https://youtu.be/9hsCAfTqIHs Chloe uses proprietary technology to automatically process a company's customer service data and identify the policies that will guide her behavior.