One technology
that could change eCommerce forever is artificial intelligence. Better known
simply as AI, this is a field of computer science that has been studied for
decades. However, the last few years have seen an enormous amount of growth in
the capabilities of AI. This growth offers a lot of opportunities to different
industries all over the world including digital marketing and retail. Digital
marketing Agency AWISEE makes use of AI tools which help
them deliver the best results.
What
is AI?
The goal of
AI research is to create machines and computer programs that are capable of
solving complex problems and carrying out tasks that would normally require
human intelligence. The field has been a subject of study for many decades, but
recent improvements in computing power and technology have allowed new research
and progress to be made.
AI has a wide
range of applications across many different industries, with a machine that’s
able to solve complex problems being incredibly valuable. Once an AI is
developed to understand certain areas, it can be used to answer questions, assist in driving cars and automate manufacturing
processes.
The advantages
of AI are that it can carry out calculations at a much faster rate and at a
greater accuracy than humans. Computers have long been used for calculations,
but combining this with an ability to process data will make them even more
useful. In addition, AI programs don’t need breaks and can be programmed to
learn as they go, getting better at a task over time.
How
AI Is Being Implemented in eCommerce
AI has many
different uses, including in eCommerce. As a highly competitive industry,
eCommerce platforms and online retailers are always looking for ways to gain an
advantage. AI could provide that advantage if applied correctly. Here are some
of the current ways that AI tools are being used in the eCommerce industry.
Personalised Shopping Experience
Customers are
more likely to enjoy their shopping experience if they feel that their needs
are met and that they find everything that they want. Machine learning
algorithms can be used to collect and analyse data on customers, building up a
personal profile of each one. This data can then be used to work out exactly
what kind of products the customer likes and make suggestions for other
products based on these. Customers who receive personalised experiences will be
more likely to shop with that platform, increasing customer retention and
improving the lifetime value of each customer.
Improved Customer Service
Customer
service is a major selling point of eCommerce platforms. Customers need to have
trust in a platform
before they use it,
and helpful and attentive customer support is crucial to that. With AI becoming
more sophisticated, many platforms now make use of AI customer support tools.
These include chatbots, which help answer basic questions that customers might
have about products or the site itself. This makes customer support far more
efficient while still being personal and helpful.
Better
Marketing Campaigns
Just as data
can be used to give customers a personalised shopping experience, it can also
be used to help improve the effectiveness of marketing campaigns. Data on
existing customers and their shopping habits can be used to target a similar
profile of customers, leading to higher conversion rates and more sales.