AI for eCommerce

Revenue in the eCommerce market if projected to reach $3.1 billion in 2023. And the trend continues with an estimated annual growth rate that is projected by many to reach $5 billion by 2028. The number of eCommerce sellers and the range of product sku’s will continue to increase allowing customers to purchase virtually any product or service on line. …read more

eComchain’s built-in-AI uses advanced data analytics algorithm presenting the right offers, product recommendations, and relevant search results to shoppers from the moment they land on your site. Data science engine analyzes data available along with shopper context data (e.g. latest search, past orders, click stream, last product viewed) to present the product recommendations and other useful information prompting …read more

Artificial Intelligence in eCommerce

Building sales volume with Recommended Products

Are you looking for your customers to buy more from your online store? Recommended Products is essentially a form of suggestive selling and can help you grow the average order value of any given transaction, hence, increasing your overall sales. This technique of selling is also known as add-on selling. But first, how do you suggest a recommended product? Let’s …read more

User Generated Reviews and analysis Reviews are very powerful to increase the demand for a product. Easy to use analysis of the reviews to evaluate which product is rated high in the market and why some of them do not get rated well provides insight on online shopping pattern. This analysis is useful to improve upon what is displayed …read more

eCommerce features attracting online shoppers

AI for eCommerce

What’s all the buzz about AI in eCommerce ? Artificial agents that include chatbots are computer programs designed to simulate human thought process or behavior including conversations with human users. Artificial intelligence is being used to interface with customers on ecommerce sites, by being able to predict their behavior from their past buying patterns on the same site, in addition to informing …read more

Just about everything in our lives is becoming faster. In the world of eCommerce, from swiping a debit card to delivering a package to your front porch – the efficiencies are changing our expectations on what we consider to be fast. At eComchain, our system architects are utilizing Artificial Intelligence technologies along with new, more efficient ways of working to …read more

Artificial Intelligence for businesses

Artificial Intelligence for eCommerce

Artificial intelligence, as the name suggests is the technology behind artificially recreating human intelligence, by making a software that understands repetitive human habits. Many e-commerce sites are leveraging concepts like predictive intelligence and contextual messaging simply to indulge the customer. One example of this is ‘Ask Eva’ by HDFC Bank. Account holders of the bank will be familiar with …read more

Amber64 is an artificial intelligence engine that significantly improves conversion rates and Gross Merchandise Value (GMV). Practical intelligence derived from rich real experience and facts over a period time with ever continuous learning is used to develop predictive and prescriptive analytic reports for merchant take a strategic decision. Amber64 combined with eComchain’s e-commerce capabilities provide the breadth and depth …read more

Amber64 Artificial Intelligence Engine

Amber64 and its features

The various features of the artificial intelligence engine are as follows – Product Recommender Product recommenders are a combination of tried and tested algorithms that take the opinions of a varied clientele and gives back the same to the buyers who are found to belong to one of the different clientele groups. Many demographic details are considered, along with their …read more

The next wave of technological advancement is Artificial Intelligence (AI). After Internet, it is AI that the next revolution. As per the research of McKinsey report reveals that automation based on AI in workspaces 0.8 to 1.4 percentage points to GDP growth annually. Accenture determined that AI would help accelerate China’s economic growth rate from 6.3% to 7.9% by 2035. …read more