Online Shopping Predicted To Rise By 78% In 2016, Searchub's New Algorithm Poised To Make ... - Artificial Intelligence Online

Online shopping and purchases are expected to rise by 78 percent this year as aggressive marketing of merchandise have risen higher than ever, a report says. "Unfazed by the slowdown, average online purchases are expected to increase by 78 percent in 2016 from 66 percent in 2015 due to attractive deals and aggressive marketing of an ever-expanding range of merchandise from clothes to jewellery, from electronics to books," said the Assocham-PwC report. With the growth of e-commerce sector, the possibilities and options for simplicity are what can bring multiple variations regardless of the prices floating in the online market. Searchub Inc., considering the prospect of the e-commerce and online shopping market developed a platform called Searchub that uses machine learning algorithms to offer users a truly personalized shopping experience. Connecting retailers with the customers through recommendation and big data, the platform performs search and displays result according to the user's taste, style and their social profile.