Or is the future of e-commerce voice-commerce?
Future of e-commerce… or just commerce? Sitting on a train to Göteborg for the #Dcongress by Svensk Handel, which focuses on bridging gaps in #commerce especially in #ecommerce and #retail. I couldn’t help but connect it to a topic I wrote about last week: “Online self-service, bots & human-driven service.” Businesses need to integrate these functions effectively because they’re all interconnected. So far, this discussion has resonated most with industries that already rely on human-driven sales and service teams. These businesses have a financial incentive to automate but also understand the value of sales teams in guiding customers toward the right purchase. But I believe this impact extends beyond them. It’s equally crucial for e-commerce and retail. While price competition in commodities is inevitable, many e-commerce stores, and even more so specialist physical stores, thrive because they curate the right products for their niche. Their expertise helps customers find the right item instead of just the cheapest one. The expertly curated experience of a physical store is difficult to replicate online. But could we soon see more attempts at it? Take #liveshopping, for example. While it has been an attempt to bridge this gap, it hasn’t been fully embraced or particularly common. Is it successful? Are the operational requirements too high? So, what might a partial or fully automated or #avatar version of this look like? And then there’s #voicecommerce. Humans have communicated through natural language for millennia, not through typing or chatting. What happens when we can simply talk to a website? How will that impact how stores differentiate themselves from AI-generated recommendations? It’s now clear that AI-driven agent services will be the next SEO battleground. One way to avoid competing solely on price is to build communities and expertly guide customers through your niche. I believe that the more human-like an e-commerce experience feels, the greater the chance a store has to stand out. So just as human-driven businesses must embrace #automation & #AI, e-commerce must also find its automation layer. But the real challenge is this: How can e-commerce bring the expertise of in-store shopping into the online world? Is e-commerce becoming commerce? Will that physical & online separation be bridged?