Unthink Inc’s Post

Forecasting of global markets predict a WHOPPING value of 24 BILLION U.S dollars using XAI What is XAI? Imagine a black box that produces amazing results, but you have no idea how it does it. This is often the case with traditional AI models. XAI aims to open that black box, providing insights into how AI models arrive at their decisions. This helps build trust, identify potential biases, and improve overall model performance. 1. Personalised pricing: Explainable pricing models could show customers how factors like demand, competition, and individual purchase history influence pricing. This improves trust and transparency, potentially reducing buyer friction. 2. Targeted advertising: Imagine ads explained! XAI could reveal which user characteristics and behaviours trigger ad recommendations, empowering users to refine their ad experience and increasing the effectiveness of marketing campaigns. 3. Algorithmic bias detection: XAI tools could scan e-commerce algorithms for unintentional biases based on factors like race, gender, or location. This proactive approach ensures fairness and helps avoid discriminatory outcomes for users. XAI is still evolving, but its potential to improve trust, fairness, and effectiveness in e-commerce is undeniable. As this technology advances, we can expect more AI models that provide valuable insights and ultimately enhance the online shopping experience for everyone. What specific areas of e-commerce would you like to see XAI applied to? #ecommerce #shopify #Zevi

Say goodbye to the search woes!👋🏼🙅🏻♀️ Say hello to smarter searches!💡 Ever experienced the frustration of your visitors encountering a dead end with 0️⃣ results from your webshop's search function? Hello Retail's new AI-Synonyms feature is here to rescue your customers from the dreaded "𝐧𝐨 𝐫𝐞𝐬𝐮𝐥𝐭𝐬" abyss!🦸🏻♀️✨ Boost your user experience, crush bounce rates, and unlock extra revenue effortlessly.💰 Want to know even more about how this can transform your e-commerce? Shoot me a message with a day & time, and let's schedule a meeting to dive deeper! 🗓️ #SearchSmarter

Simplifying AI for E-Commerce Trend Analysis Using artificial intelligence (AI) can greatly improve how you understand and predict trends in e-commerce. Here’s a simple guide to help you get started. Understanding AI in E-Commerce Trend Analysis: 1. Analyzing Consumer Behavior: What to Do: Implement AI tools to track and analyze how customers interact with your online store. Look at which products they view most, what they add to their cart, and their final purchases. Why It Matters: This data helps you understand what your customers want and when they want it, allowing you to tailor your marketing and stock accordingly. 2. Predicting Future Trends: What to Do: Use AI to predict upcoming trends based on historical sales data and current market analysis. AI can identify patterns that might not be obvious at first glance. Why It Matters: Knowing future trends before they become mainstream gives you a competitive edge, enabling you to stock up on or develop products that will soon be in high demand. 3. Personalizing Marketing Efforts: What to Do: Apply AI to create personalized marketing messages based on individual customer behavior and preferences. Why It Matters: Personalized marketing increases engagement and conversion rates by delivering messages that are relevant to each customer. AI can transform your approach to trend analysis in e-commerce, from understanding current consumer behavior to predicting future trends. By harnessing AI, you can make more informed decisions that boost your business’s relevance and profitability. Ecom by Tanveer: A Knowledge Sharing Initiative #ecommercedrip #ecommerce #AI

I’m so happy to share that Velebit AI recently launched AI tools to make life easier for e-commerce businesses and online marketplaces! 🛍 If you want to ditch manual product tagging and ensure your product photos are consistently tagged with the right color and fabric pattern, these APIs are for you! This will help users accurately filter & search products on your platform, quickly finding what they’re looking for. Curious? Try them out for free when you sign up 😊 𝗖𝗼𝗹𝗼𝗿 𝗗𝗲𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗔𝗣𝗜: automatically detects the primary and up to three dominant colors in product images - https://lnkd.in/dz9yC_wD 𝗙𝗮𝗯𝗿𝗶𝗰 𝗣𝗮𝘁𝘁𝗲𝗿𝗻 𝗗𝗲𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗔𝗣𝗜: automatically detects fabric patterns in product images - https://lnkd.in/dG-p7Gs8 #AI #eCommerce #APIs #OnlineMarketplaces #AItools #VelebitAI

Are you looking for a platform that helps to generate your product description with a single click? Here we find one tool named naratix that saves money as well as your effort in generating product descriptions. To know more check it out fast😍👇 https://lnkd.in/dzFHWbyV #ai #artificialintelligence #ecommerce #product #productdescriptions #naratix #simplitechai

I'm super excited to announce a new feature to improve ecommerce conversion: Gleen AI Automated Needs-Based Assessments & Recommendations. It's a mouthful, so we're calling them Gleen ANBARs for short. So what is an ANBAR? Online merchants have long resorted to buying guides or quizzes to improve shopper engagement, better understand shoppers' needs, enhance the relevance of products/services shown the shoppers, and improve conversion. These buying guides & quizzes often: - Require a lot of time and effort to create and maintain - Are separate, siloed user experiences - Don't take into consideration what's already known about the shopper and their needs Introducing Gleen AI Automated Needs-Based Assessments & Recommendations. With ANBARs, Gleen AI automatically: - Crawls your online store - Develops questions to determine the needs of shoppers - Incorporates existing context/knowledge into the needs assessment -- e.g., if a shopper asks, "What mattresses do you have for hot sleepers?", Gleen AI will NOT ask "Are you a hot or cold sleeper?" - Automatically creates a list of relevant products based on the shoppers needs No manual creation or maintenance of a quiz or buying guide. All automated with AI, all the time. Sound too good to be true? Join us for a live demo next Thursday at 10 AM: https://hubs.li/Q02vtk0Z0 ANBARs: Odd acronym. But extremely cool feature. #ecommerce #generativeAI #cx

To enhance the aesthetic appeal of your Shopify store, it's crucial to captivate potential customers and outshine your competitors. In the realm of Shopify commerce in 2024 and beyond, a robust page builder is indispensable. We present some top-notch options to streamline the process of crafting your Shopify store. Find it in our buff.ly/3GJFbDr🦄 #shopify #AI #shopifystore #shopifyseller #shopifybusiness #shopifytips #onlinestore #onlinestores #onlineshoppers #onlineshopsby #onlineshopp #businessonline #shopifywebsite #businessonlinemarketing #ecommercetips #ecommercestore #ecommercemarketing #ecommerceplatform #ecommercestartup #businessstrategy #businessonlineplatform #businessonlineopportunity #ecommercebusiness #ecommerce #marketing #marketingdigital

When the AI gets its wrong…   This is not me trying to leverage clicks or taps by simply throwing “AI” into the mix! Over the last 6 months we’ve seen a number of clients coming to us that had started to see the performance in their PPC channel start to suffer and a common trend we found in those that we met was where PMax campaigns had been left to run relatively un-checked and had led to the performance issues they were experiencing. Of course, AI has a place in our sector, we’re already seeing the gains that can be made by leveraging it in the right way, however, to echo much of what others are saying in other corners of the industry, the human touch is still so important – you can’t leave the AI completely alone! (not just yet anyway!)   #ai #digitalmarketing #ecommerce #GoogleAds

Online shops and marketplaces have become an extension of social media, which can sometimes be problematic. According to "The Empowered Consumer" research by Accenture, which was shared on Hospital Technology, 19,000 consumers across 12 countries have experienced this. 73% of consumers are feeling information overload because of the variety of products, and 75% feel bombarded by a lot of advertising. The result? 74% of purchases were abandoned in the last three months of 2023. Additionally, 71% of buyers express that they have to spend more effort to make a final decision. 41% think it has become harder, and only 30% didn’t see changes. I often talk about how more options are important and how promotional tools can leverage sellers' revenues. But sellers and online shop owners need to take care of the customer experience in this way as well. Sometimes long descriptions or too short ones can make people even more indecisive. I believe there should be a balance. As HT emphasizes, this balance can be brought with generative AI. It can streamline decision-making and enhance consumer engagement, as 51% of consumers are open to using conversational AI for product research and purchases. #ai #generativeai

Double Your Sales in 90 Days or Get Your Money Back Transform your marketing with our AI Meta Ads Package and achieve unbelievable results. Let’s take your business to the next level: https://jakestarr.ai/ #JakeStarrAI #AI #AISales #Shopify #Ecommerce #EcommerceMarketing #AIMarketing #MetaAds #FacebookAds