The biggest development of this week was Artificial Intelligence - The next wave of eCommerce

This week saw the placation of GST bill on logistics along with many more news such as evolvement of digital payments and artificial intelligence in E-commerce industry. The meeting of AI and e-commerce could not only transform the way jillions of online transactions are done, but also change the in-store purchase behaviors which are influenced by digital interactions. According to Sachin Bansal, CEO, Flipkart, artificial intelligence is a key differentiator in the fiercely competitive e-commerce business. Digital payments will grow 10 times to reach 500 billion by 2020 and contribute 15% of gross domestic product (GDP). Some of the key reasons of these acquisitions include privacy of customer's payment data, secured payment facility and use of payment data for big data analysis to the company.