e-commerce market
BCORLE( \lambda ): An Offline Reinforcement Learning and Evaluation Framework for Coupons Allocation in E-commerce Market
Coupons allocation is an important tool for enterprises to increase the activity and loyalty of users on the e-commerce market. One fundamental problem related is how to allocate coupons within a fixed budget while maximizing users' retention on the e-commerce platform. The online e-commerce environment is complicated and ever changing, so it requires the coupons allocation policy learning can quickly adapt to the changes of the company's business strategy. Unfortunately, existing studies with a huge computation overhead can hardly satisfy the requirements of real-time and fast-response in the real world. Specifically, the problem of coupons allocation within a fixed budget is usually formulated as a Lagrangian problem.
BCORLE( \lambda ): An Offline Reinforcement Learning and Evaluation Framework for Coupons Allocation in E-commerce Market
Coupons allocation is an important tool for enterprises to increase the activity and loyalty of users on the e-commerce market. One fundamental problem related is how to allocate coupons within a fixed budget while maximizing users' retention on the e-commerce platform. The online e-commerce environment is complicated and ever changing, so it requires the coupons allocation policy learning can quickly adapt to the changes of the company's business strategy. Unfortunately, existing studies with a huge computation overhead can hardly satisfy the requirements of real-time and fast-response in the real world. Specifically, the problem of coupons allocation within a fixed budget is usually formulated as a Lagrangian problem.
2 Monster Metaverse Stocks to Buy for the Long Haul
Several tech giants are betting that the metaverse could turn out to be the next hot trend in technology. The metaverse is widely believed to be the next evolution of the internet, allowing people to experience the internet in 3D. Not surprisingly, the metaverse is expected to touch several sectors ranging from online education to gaming to social interactions to commerce. This explains why Goldman Sachs sees the metaverse generating an $8 trillion revenue opportunity in the long run for its participants. Amazon (AMZN 1.20%) and Nvidia (NVDA -2.30%) are two tech giants that could win big from this massive opportunity.
- Information Technology > Services (0.78)
- Education > Educational Setting > Online (0.56)
Machine Learning set to change dynamics of Indian E-commerce market
It is no brainer that the e-commerce market has transformed the Indian market like never before. Thanks to factors like rising smartphone penetration, the launch of 4G network, and increasing consumer wealth, analytics-driven customer engagement, and digital payment, the e-commerce sector is on an upward trajectory. It is projected that this industry will surpass the US to become the second-largest E-commerce market in the world by 2034. According to the PWC survey, with Internet penetration expected to almost double to 60% by 2022, the nation is arguably the world's most promising Internet economy, with a rapidly increasing'netizen' population. Further owing to improving data affordability, consumption growth, and newer financial products, the e-commerce market is set to grow, be it across e-tail, travel, consumer services or online financial services.
How Voice Commerce is Dominating the E-Commerce Market Through AI?
Artificial intelligence has the power of transforming anything remotely stupid into an intelligent object! Yes, AI has been doing this for quite some time now and with the rise of voice assistants, things have become more exciting. Businesses around the world, have now understood the importance of "Voice Commerce". It all began with speech-to-text technology developed by Google. 'Google Voice Search' has been launched for iPhones, this advance app utilized data centers so that it can easily compute data and can analyze data, this is actually a good example of human speech.
- Information Technology > Communications > Mobile (1.00)
- Information Technology > Artificial Intelligence > Speech > Speech Recognition (1.00)
- Information Technology > Artificial Intelligence > Representation & Reasoning > Personal Assistant Systems (1.00)
- Information Technology > Artificial Intelligence > Natural Language (1.00)
Digital Disruption: E-commerce Revolution & How to Be Future Ready
For most of human history, people have been good at predicting future technologies. Today however, predicting things even just 5 years ahead seems to end up futile. India is at the cusp of an e-commerce revolution. Although e-commerce has been making the rounds in the country for over a decade, it is in recent years that an appropriate ecosystem has begun to fall in place. Factors such as internet access, staggering penetration of mobile phones and robust investment have driven the growth of this industry and if current projections are anything to go by, India is en route to becoming the world's fastest growing e-commerce market.
- Asia > India (0.48)
- North America > United States (0.05)
- North America > Canada (0.05)
- Information Technology > Services > e-Commerce Services (1.00)
- Retail (1.00)
AI Development and Trends in E-Commerce
The traditional retail industry is undergoing a significant reinvention and upgrade as more and more brick and mortar stores boost business by adopting e-commerce platforms powered by cutting-edge tech. The recent rapid development and deployment of AI technologies such as machine learning, computer vision and reinforcement learning have enabled new e-commerce products and solutions for various scenarios and strengthened the retail value chain. Alibaba's Taobao and Tmall, Amazon, JD.com); or on a brand's own official web stores (e.g. Thanks to recent advancements in AI and digital technologies, operating costs for e-commerce have been reduced, enabling more retailers to realize e-commerce transformations. The 2018 global retail e-commerce market amounted to US$2.8 trillion and is expected to grow 75 percent to US$4.9 trillion by 2021.
- Retail (1.00)
- Information Technology > Services > e-Commerce Services (1.00)
Beijing's wai mai drivers: Delivering dumplings and living to tell about it
He Zhigang's eyes pleaded with the elevator dial as he stood waiting on the ground floor. The red numbers wouldn't budge. He glanced at his phone. He pushed back his helmet, lifted the delivery bag of steamed buns and prepared to run up 20 flights of stairs. The hungry office worker probably won't remember who brought him lunch on a Friday afternoon, or that it was 11 minutes and 20 seconds before the allotted time.
- Transportation > Passenger (1.00)
- Transportation > Ground > Road (1.00)