Modern technology is gaining steam by the month, changing the way we live our everyday lives. Without a doubt, the field of eCommerce is no exception, with virtual assistants, bots, and artificial intelligence-powered technologies becoming an inevitable part of the online world. Business owners do their best to keep up with the trends, constantly investing in the implementation … [Read more...] about How Is Artificial Intelligence Impacting Online Retail?
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Does Data Validation Help E-Commerce Players Succeed?
In today's world, many businesses prioritize building an online presence over opening a brick-and-mortar retail outlet. Nasdaq estimates that by 2040, 95% of all purchases will be made online through e-commerce websites and applications. Everything from office stationery to gold jewellery is available online. Given the many advantages of the online world, one would assume that … [Read more...] about Does Data Validation Help E-Commerce Players Succeed?
How AI Chatbots help Ecommerce Brands Reduce Cart Abandonment Rate
When customers go to a brick-and-mortar store or super-market, they rarely just abandon their shopping carts after filling them up and walk away. But in the online world, cart abandonment is a very common behavior. How common? Well, according to the Baymard Institute, cart abandonment rates are, on average, as high as 70%! Needless to say, if you're an … [Read more...] about How AI Chatbots help Ecommerce Brands Reduce Cart Abandonment Rate
3 Ways Conversational AI Can Drive E-Commerce Sales
E-commerce companies have been at the forefront of leveraging the power of Conversational AI. Of the many functions virtual assistants help to automate, one of the major use cases is Sales. The advancements in Natural Language Processing (NLP) and Natural Language Understanding (NLU) have spearheaded the development of Virtual Assistants for Sales Automation. In the current … [Read more...] about 3 Ways Conversational AI Can Drive E-Commerce Sales
8 Reasons Why Your Brand Needs a Shopping Assistant Chatbot
Implementation of chatbots is considered to be the epic and quintessential customer engagement strategy in the e-commerce sector at present. According to some recent surveys, around 2.4 billion customers have chosen chatbots over human interactions as they are capable of answering 80% of standard questions effectively and accurately. Juniper Research claims that the use of … [Read more...] about 8 Reasons Why Your Brand Needs a Shopping Assistant Chatbot