7 Unique Ways To Use Artificial Intelligence In eCommerce

Use of artificial intelligence in ecommerce

Artificial Intelligence (AI) has been around for years. Since the term was coined, it’s been a part of the lexicon of many entrepreneurs, tech-savvy nerds, and every other individual. Today, Artificial Intelligence has taken the world by storm by quickly disrupting almost every industry vertical including eCommerce. There are chances that you’ve already experienced the radical transformations Artificial Intelligence has brought to the world of eCommerce.If reports were to be believed, AI in Retail and e-Commerce is projected to grow with a CAGR of 42.8%.

To stand out in the fiercely competitive market, online store merchants have to look beyond an appealing eCommerce store development. Advancements in Artificial Intelligence can help you up your game and enter the modern age of customer satisfaction and user experience. In this insightful post, we’ve listed down the top 7 ways of how Artificial Intelligence is re-shaping the eCommerce industry. Let’s look at them.

1. Reduce Cart Abandonment Rate

AI helps in reducing cart abandonment rate

The average shopping cart abandonment of eCommerce is 67.91%. By leveraging Artificial Intelligence, you can significantly reduce the cart abandonment rate of your eCommerce store. AI can not only help you find out customers who didn’t complete their purchase but also allows you to re-target them with personalized content and entice them to complete the purchase.

With the help of Artificial Intelligence, you can also find customers who are likely to leave without buying. This allows you to capture their attention and compel them to make a purchase by:

  • Offering jaw-dropping discounts
  • Personalized product recommendations
  • Customized interaction
  • Sending automated emails

2. Intelligent Search Results

AI provides relevant and accurate search results

No wonder, Artificial Intelligence can make your online store search engine smarter than ever before. AI-backed search engines track your customers’ search patterns and provide personalized and contextualized search results that help customers quickly find what they are looking for.

With AI, your online store can also remember the search preference of every customer and provide results tailored to them, which in turn, improves your sales and conversion rate.

3 Key benefits of integrating AI to your eCommerce store:

  • Relevant and accurate search results
  • Results tailored to every customer needs
  • Personalized and contextualized search results

3. Combating With Fake Reviews

AI helps in filtering fake reviews

Ask any online store merchant what’s the most painful thing they have to deal with and you’ll get to know it is receiving fake reviews for their products or brand. Alas! Many merchants are inundated with a plethora of fake reviews by their competitors, which not only puts a dent on their sales volume but also raises a question on their store’s credibility.

Online customer reviews have the potential to make or break your business. According to an article by SearchEngineLand, 88% of consumers trust online reviews as much as a personal recommendation of a friend. Luckily, you can fight against fake customer reviews by using Artificial Intelligence. With the help of AI, you can filter out fake reviews tainting your business reputation and provide authentic reviews to earn the trust of customers and build the credibility of your online store.

4. End-to-End Customer Support With ChatBots

AI-powered chatbots

According to a report by Servion Global Solutions, Artificial Intelligence will play a vital role in customer service and power 95% of customer interactions by 2025 including online conversations and live telephone. This may be the reason why many eCommerce store merchants are embracing AI-powered chatbots to provide unparalleled customer support and help customers in making buying decisions in a jiffy.

Apart from providing round-the-clock customer support, AI-powered chatbots in eCommerce are also helpful in:

  • Cut down operational cost
  • Offer personalized experience
  • Eliminate the need for interactive voice response (IVR) systems
  • Improve customer engagement and drive sales
  • Monitor customer data and provide better insights
  • Automate repetitive tasks
  • Meet customer expectations
  • Humanize your brand

5. Better Inventory Management

AI helps in Better Inventory Management

eCommerce store merchants always need to keep a check on their product inventory. Having products in excess or falling short of products can lead to poor customer experiences. Fortunately, Artificial Intelligence can help you predict the demand for products by analyzing the past performance of products. With the help of Artificial Intelligence, you can easily determine when you should increase or decrease the stock level.

Artificial Intelligence Can Help You In The Following Ways:

  • Track seasonal trends
  • Quantitative forecasts for stock levels
  • Monitor the past performance of frequently bought products
  • Daily stock requirement

6. Product Repricing In Real-Time

Product Repricing In Real-Time

When it comes to product pricing, it becomes vital that you define the price strategically in order to retain existing customers and drive potential buyers to your store. However, manually changing the pricing of all your products can not only drain your energy but also kill your product time. In such a scenario, you can seek assistance from a certified expert or use an automated product repricing software to change product pricing in real-time. This will help you drive more customers to your eCommerce store and maximize your sales and profits.

7. Better Decision Making

AI helps in better decision making

Artificial Intelligence has made business decision making simpler for eCommerce store merchants. With AI at your disposal, you can gain complete insights into your competitors’ marketing strategy and quickly make actionable decisions that drive your business bottom line.

Final Words

As an eCommerce store merchant, you must pay heed to Artificial Intelligence, since it is here to stay for years and will continually improve user experience and customer satisfaction. If you want to stand out in the competitive eCommerce world, you must consider the top benefits of AI discussed in this insightful post. Still sitting on the fence and wondering how to make the most of Artificial Intelligence with your Magento eCommerce store? If so, we suggest you seek help from a professional Magento development company. Connect with industry experts by dropping an email to info@magnomates.com.

Magnomates Blog

The Magnomates Blog

Curated by the Marketing & Communications team at Magnomates. In this blog, we share our unique take on Magento Web Development and its challenges. Subscribe to our newsletter to stay up-to-date.

7,485 Replies to “7 Unique Ways To Use Artificial Intelligence In eCommerce”

    1. Validity of a set of clinical criteria to rule out injury to the cervical spine in patients with blunt trauma zithromax with no prescription A subanalysis 438 showed that the urinary albumin decreasing effects of combination therapy with an ACE inhibitor and a Ca channel blocker were less marked than those of that with an ACE inhibitor and a diuretic, but the preventive effects of the former on the progression of CKD were more potent than those of the latter

  1. cialis generic name d The following list of compounds or preparations may be purchased without a prescription, provided the products are manufactured for industrial, scientific, or commercial sale or use, unless they are intended for human use or contain on the label CAUTION Federal law prohibits dispensing without prescription or similar wording

    1. com 20 E2 AD 90 20Prospect 20Viagra 20Pentru 20Femei 20 20Purchase 20Viagra 20Delhi prospect viagra pentru femei Scott was the only one with a touch of the poet about him in the sense that the idea of going into space stirred his imagination, Tom Wolfe wrote in The Right Stuff, his best selling book about the first astronauts kamagra insuficiencia cardiaca

    1. Labs lactic acidosis in conjunction with narrowing of the venous arterial PO2 gradient, resulting for the inability of tissue to extract arterial oxygen half life of lasix 01 was considered to indicate statistical significance, and 99 percent confidence intervals are presented

  2. TAM treatment was deferred until day 15 posttransplant to allow initial engraftment prior to Cdc42 deletion, thus avoiding the negative effects of Cdc42 loss on homing and lodging supplemental Figure 1A B lasix im injection Addressing the growing need for FP among women with breast cancer, these results enhanced the acceptability and utility of embryo and oocyte cryopreservation

    1. buy cialis 10mg Concerns exist regarding hypersensitivity reactions after leptospiral vaccination in dogs; however, vaccination against Leptospira an organism that can cause fatal disease is safe in most cases and studies have shown no significant increase in hypersensitivity reactions, compared with other vaccinations

    1. Evidence based guidelines, focused on palliative care issues important to survivors, have been published fertility preservation, 55 cardiac and pulmonary late effects of adult cancer survivors 56 and others are planned cialis for sale

    1. Have found our physician is not as forthcoming with status information as we would like is this so we don t worry tamoxifen and vitamins to avoid It also affects the serotonergic system to elevate mood via acting as a 5- HT1A receptor partial agonist, as well as a 5- HT7 receptor and 5- HT2C receptor agonist

    1. It is critical to ensure proper education and training related to the use of antimicrobials, good record keeping, and monitoring veterinary antibiotic use to ensure appropriate stewardship on the veterinary side viagra kamagra cialis Mature follicles were triggered at 18 mm with hCG

    1. For all the ammunition collected from searches of HernandezГў s home and flophouse, authorities have yet to uncover what they believe was the lasix indication In the event of IBE or disease progression elsewhere, treatment was given at the discretion of the treating physicians

    1. A procoagulant state in diabetes appears to be mediated in part by higher than normal levels of a number of coagulation factors can i buy cialis without a prescription However, no consistent association of breast cancer risk with the consumption of meat, eggs, or dairy foods have been highlighted so far, while the correlation between fish intake and breast cancer incidence still remains debatable Engeset et al

    1. betagan enalapril cinfa 20 Tottenham are thought to be waiting to complete the signings of the two replacements they have lined up for Bale Christian Eriksen and Erik Lamela before they allow their star player to leave dose clomid Despite the potential success with other treatment methods, ILE therapy appears to lead to the fastest reduction in neurological symptoms in addition to an increase in survival rate 19

    1. This data can be used to describe what dry mouth means for a palliative care patient and can be used as an outcome measure in managing and assessing dry mouth propecia before and after pictures Recommended TUDCA Plus Liver Support throughout your cycle Recommended Regen T Total PCT alongside a SERM for 4 weeks after your cycle

    1. A maintenance AED should also be considered if the first seizure episode is protracted or severe, or during an episode of status epilepticus as a followup to emergency treatment, see Antiepileptic Drugs Used to Stop Ongoing Seizure Activity Antiepileptic Drugs Used to Stop Ongoing Seizure Activity In status epilepticus, treatment is essential to prevent death from hyperthermia, acidosis, hypoperfusion, and hypoxia buy cialis online without a prescription At this moment, the Heavenly Fox Array, the Killing Array has already started

    1. Transient transfection studies indicated that an EBP1 T261E mutant, which mimics EPB1 phosphorylated by PAK1, increased ErbB2 protein levels cheap cialis online Adverse events AEs were graded according to the common terminology criteria for adverse events 5

    1. Statements Made On This miralax gatorade cleanse weight loss Web Site Have Not Been Evaluated By The Us Products Sold miralax gatorade cleanse weight loss On This Website Usually Are Not Intended To Diagnose, Deal With, Treatment, Or Stop Any Disease Information Offered By This Web Site Or This Firm Is Not An Alternative To Direct, Individual Medical Treatment Or Advice It Is The Accountability Of You And Your Healthcare Suppliers To Make All Choices Concerning Your Well Being Bulletproof Recommends That You miralax gatorade cleanse weight loss Consult Along miralax gatorade cleanse weight loss One Shot Keto Shark Tank Episode With Your Healthcare Providers Regarding miralax gatorade cleanse weight loss The Diagnosis And Treatment loosing weight on keto Of Any Illness Or Condition nolvadex without a prescription In the late 1990Гў s and early 2000Гў s it was used as a wrinkle reducer but today it is also used to treat various medical conditions

    1. SГёrlie T, Perou CM, Tibshirani R, Aas T, Geisler S, Johnsen H, Hastie T, Eisen MB, van de Rijn M, Jeffrey SS, Thorsen T, Quist H, Matese JC, Brown PO, Botstein D, Eystein LГёnning P, BГёrresen Dale AL Gene expression patterns of breast carcinomas distinguish tumor subclasses with clinical implications best place to buy cialis online Seeing the old man dodging, Zhao Ling was not impatient, and began to play a game of cat and mouse with the old man