5 Areas Where eCommerce Sites Can Gain From Artificial Intelligence(AI)

AI (Artificial Intelligence) is the new human-machine that understands customers better than anyone did before! The aim is nothing less than establishing a bridge between technology and its users by being more human-like. AI is being built to make life and businesses easy and convenient, and;eCommerce is one area that's already feeling the AI magic! A report by Boston Consulting Group (BCG) shows those retailers who have implemented personalization strategies, gain almost 6 to 10%; a rate that is two to three times faster than other retailers who haven't adopted the same strategy. In fact, AI is predicted to boost profitability rates by almost 59% in the wholesale and retail industries by the year 2035!