AI-commerce?
Is AI-commerce on the rise?
This week the experts debated where artificial intelligence will take consumerism in the future. With advances in technology, AI-commerce has become a major topic of discussion for retail and e-commerce companies alike. Here’s a quick look at what's been said:?
Top Retail and E-commerce Stories
The B2B Gold Rush:?A New B2B Marketplace Has Raised $11 Million in Funding
A Billion-to-Billion marketplace!?This week saw the launch of a new B2B marketplace that has already raised $11 million in funding. The new marketplace, Volition, is an industrial parts supply marketplace. According to CEO and co-founder Nick Pinkston, Volition is a marketplace for the $2 trillion industrial components industry. Its aim is to assist engineering and purchasing teams in locating and purchasing all necessary parts for prototyping and manufacturing their designs.
According to Volition, their marketplace technology integrates with suppliers' databases to ensure up-to-date information is maintained. It also creates automated systems that efficiently search and filter parts based on exact product specifications.
From Big Data to Big Impact:?C-Store Retailers Speak Out on Challenges
Putting the 'C' in convenience stores with innovative tech.?Retailers are investing more in automation to make things easier for their employees and customers. This includes using robots for cleaning floors, digital scheduling platforms, and other technology-driven programs. However, according to Qualtrics, a company that focuses on experience management, only 34% of retail employees feel that their workplace technology is meeting their expectations. There is still a need for improvement in this area.
领英推荐
They Shall Return: Online Purchases Increasingly Being Returned to Stores
Meet BORIS--Buy Online, Return In-Store. It seems that shoppers are increasingly returning online purchases to physical stores. According to new data from Pollfish and goTRG, a return logistics company that serves clients like Walmart, retailers are increasingly adopting the BORIS (buy online, return in-store) model. This model helps retailers save on return shipping expenses. Nearly half of retailers (47.6%) reported an increase in BORIS usage over the past year.?
The Amazon Corner
The Age of AI:?Amazon’s Alexa Head Says They’re Leading The Way in Chatbots
The race to the best AI chatbot!?At the Web Summit, Rohit Prasad, head of Alexa at Amazon, discussed the company's efforts to enhance Alexa's conversational and cognitive abilities. To achieve this, Amazon is developing a new iteration of its massive language model named Alexa Teacher Model. Currently, Amazon's LLM powers Alexa's capabilities.
The Alexa assistant is integrated into a wide range of devices like smart speakers and thermostats. It uses machine learning to fetch information and provide answers to users' queries. The ultimate aim is to enhance Alexa's capabilities to handle intricate requests and better comprehend users.
QUICK TIP
Try this.?Create call-to-action and sign-up buttons that are visible and easily accessible on your website. To make CTA buttons effective, ensure they stand out from the rest of your site. Consider button size, contrasting colors, and positioning.
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