ai eCommerce News - Nov 1
- "These robots can greatly improve Walmart’s inventory
management and overall efficiency. The robots can scan aisles three times as
fast and much more accurately than an average Walmart employee, Jeremy King,
chief talent officer for Walmart US and e-commerce, told Reuters. Additionally,
employees only have the chance to check aisles approximately twice a week;
although it's unknown how often or when these robots will be roaming the
aisles, it's likely to be on a more regular basis. All of these improvements
will keep Walmart’s aisles better stocked and free up employees to help
customers, creating a better shopping experience while making its operations
more efficient."
- "SLI Systems (SLI.NZ), a global leader and provider of
e-commerce solutions and services, announced that Restaurantware has increased
its conversion rate to more than 5%, up from 2%, since the company began using
SLI Systems in May 2017.
- 'Our website search function was terrible. No one,
including myself, could find the products they were looking for. Users were
consistently getting irrelevant search results or results were delivered in an
incomplete manner,' explained Jamil Bouchareb, CEO, Restaurantware. 'We interviewed other retailers and found SLI was considered the best
search solution. SLI has an excellent professional services team, who knew
exactly what we needed, which made implementation go smoothly and
swiftly.'"
- "BOOST Technology’s supervised AI/machine learning also
includes an ensemble classifier with 250 models, generating a Safety Rating
that indicates the legitimacy of a transaction relative to all total
transactions passed through Kount. The models are designed to identify unique
signatures of fraud, as merchants’ decisions, past transactions and various
fraud patterns emerge. This functionality adds zero time to the transaction
review process, maintaining Kount’s current response time of roughly 250
milliseconds."
- Chorus.ai - "Chorus.ai records, transcribes and provides a summary of
sales meetings in real-time, providing actionable follow-up insights for sales
teams and training insights for new hires. The product automatically identifies
discussion of important topics and provides meeting performance metrics. Based
in San Francisco with R&D in Tel Aviv, Chorus was founded in 2015."
- CommonSense Robotics - "Tel Aviv-based CommonSense Robotics uses AI and robotics to
enable retailers of all sizes to offer one-hour delivery and make on-demand
fulfillment scalable and profitable. Automating and streamlining the process of
fulfillment and distribution will allow retailers to merge the convenience of
online purchasing with the immediacy of in-store shopping."
- Embrace AI, AR and VR. - "As Sunyyan Junaid, marketing strategist at Magenticians,
told me, 'AI, AR and VR are going to disrupt every industry in the coming years,
but ecommerce is going to benefit the most from these fast-evolving
technologies. As an entrepreneur, your focus should be on adapting these
technologies into viable business processes that enhance the user experience of
ecommerce stores.'"
- "Reflektion is an AI-driven customer engagement platform
founded in 2012 by ex-Google pioneers in deep learning. Its platform
understands and influences the intent of each customer in real-time and
instantly delivers the most individually relevant content across the
touchpoints that matter most—including Web, site search, merchandising and
email. Leading retail brands such as TOMS, Ann Taylor, Sur La Table, Godiva and
Destination XL rely on Reflektion’s AI solutions to combine individual shopper
insights, product intelligence and deep learning to create impactful ecommerce
experiences that translate to double-digit increases in key metrics such as conversion
rate and average order value."
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