Over the past decade, there has been an exponential rise in the integration of artificial intelligence in many areas of our daily lives. You encounter it every time Amazon recommends a product for you, or Google predicts what you are looking fore before you’re done typing it in the search box. It’s likely even the first thing you talk to when you call your bank to check your account.
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Because of AI’s efficiency and ability to give consumers one-to-one experience, its use will continue to grow. A Gartner Study predicts that by 2020, as much as 85 percent of all customer interactions will be done without humans.
If you own an eCommerce store, it’s essential to make yourself aware of these trends and decide on how you will apply them to your business.
Take a look at some of the ways that AI is changing eCommerce:
Provides More Personalized Customer Experience
One big advantage of using AI is how much it can personalize a customer’s shopping experience. A good example is The North Face’s collaboration with IBM to assist customers in finding the right jacket.
When customers visit The North Face website , IBM’s Watson pops up to ask where and when the jacket will be used. The AI will also ask follow-up questions based on the answers the customer gives. Once it has enough data, it will scan The North Face’s inventory and recommend several jackets based on its relevance to the client’s answers.
Boosts Customer Trust and Exposes Fake Reviews
Online reviews have a big impact on whether a consumer will make a purchase. Unfortunately, not all reviews are made by people who legitimately bought a product. This can affect a site’s algorithms and result in mistrust between buyers and sellers. AI can combat this dilemma. Let’s take Amazon’s example. Its AI puts more weight on verified customer purchases while also taking into account reviews that are marked “helpful” or new.
Making sure that the reviews consumers read on your site regarding your products are trustworthy is essential to building your reputation and brand loyalty. Customers will also be more willing to return and buy more if they know the reviews they’re reading are genuine. […]