The Impact of AI on eCommerce App Development
by Tech Trendz Writer
E-commerce is a highly popular and intensely complex endeavor; this much is abundantly clear to the world. Of course, the charm of such a highly beneficial proposition has enticed many entities to foray into the segment, leading to cut-throat competition in the market. Now, how does one not only survive in a market brimming with the competition but also thrive? With help from technology, of course. Currently, there are plenty of technologies out there that can assist the e-commerce sector in myriad ways. However, none of them has proven to be quite as potent as artificial intelligence. Having made in-roads into pretty much every industry on the face of Earth, it comes as no surprise that artificial intelligence has demonstrated the potential to assist this intricate industry in its endeavors too.
Empowered by the ability to gather data from various sources and analyze it to glean critically-important insights, artificial intelligence has enabled an intense transformation of the industry, for both businesses and the customers they serve. From artificial intelligence-enabled chatbots to engage with customers 24x7 to applying algorithms to data to drive better logistics and fortify the supply chain — artificial intelligence has a lot to offer to the e-commerce industry.
Let’s explore some of its other benefits in detail now to understand how genuinely impactful artificial intelligence is and how it shapes this industry's future.
1. Better sales processes: Today’s customers are quite demanding, and they now expect everything to be virtually perfect. And one of the key ways to do that is to ensure seamless sales processes. For this, artificial intelligence can be put to work to ask the right questions and then use users' information to direct them to suitable products or services. It will also help customers save much time, thus further enhancing their experience with the store.
2. Tailored experiences: One of the easiest and most effective ways to win over customers in this day and age is personalization. And it’s not just about products — tailored experiences also mean that your store’s web page automatically adapts to the customer’s device and its current orientation. In this context, AI helps companies understand their target audience’s usage patterns and other relevant factors. It helps them develop a digital store that conforms to their unique requirements and expectations.
3. Improved recommendations: A sure shot way to win over customers shopping in your online store is to offer them advice based on their unique tastes, preferences, requirements, etc. Now how can an e-commerce store do that? With help from artificial intelligence, of course. AI can understand customers’ needs based on their browsing history, account data, purchase history, and other relevant data points. It is from other third-party sources to provide personalized recommendations for every user. It then encourages customers to make more purchases from the store, thus driving better business for the e-commerce company.
The modern e-commerce customer is as distinctive and as unique as one can be. This, along with the intense competition in the market, obviously makes things quite challenging for the sector. However, a mobile commerce app
and other such tools are fortified with artificial intelligence; the challenges are easy to surmount, as demonstrated by the above discussion.
Created on Nov 25th 2020 12:14. Viewed 264 times.