WBR Insights - eCommerce’s Post

Happy Monday! Uncover exactly how eCommerce leaders are beginning to implement Gen AI solutions with our eTail Europe 2024 Playbook. Be a part of the journey… Download your FREE copy here 👇 https://lnkd.in/eqzNmmZq Here is one of our key findings: 🤖🤖 AI'll be there for you A massive 92% of respondents to our survey are investing in AI technologies to improve merchandising efficiency and provide essential data intelligence to e-commerce teams. From workflow enhancements and process automation, to fraud protection and demand prediction, the value of AI cannot be overstated. Undoubtedly, AI will be a key focus for the industry in 2024 and beyond.   The research in this report has built a roadmap for your year ahead in eCommerce to strive towards your goals! #eCommerce #eCommerceInsights #Insights

Competitive Analysis: Identify key players in the AI-enabled e-commerce solutions market. Analyze their market share, product offerings, strengths, weaknesses, opportunities, and threats (SWOT analysis). Technology Trends : Examine current and emerging technologies in AI that are influencing the e-commerce sector. Explore how AI is being used in various aspects of e-commerce, such as personalization, recommendation engines, fraud detection, and customer service. #artificialintelligence #ecommercewebsite #global #enabel #websiteoptimization Haider Ali .

📰 News: 📰 --Boost Your Retail Game: Automate Your Ops with AI Now! 🚀-- Retailers, it’s time to wake up and smell the technology! According to the latest Mid-Year Retail Sentiment Survey, nearly 40% of retail managers are already investing in new tech, making massive strides in marketing and customer service. If you’re not on this train, you’re already behind. Adopting AI isn’t just about staying relevant; it’s about supercharging your efficiency and reshaping your customer’s experience. Stats don’t lie: --- 55.3% of survey respondents are using tech to analyze customer and sales data. If you’re not, you’re flying blind.-- --- Only 12% are using AI now, but another 21% are exploring it. This is your chance to leapfrog your competition.-- --- 63.7% are leveraging digital coupons, 49.3% offering free Wi-Fi, and 43.8% using electronic receipts. Still messing with paper? Time to modernize!-- With 79.6% of retailers expecting sales to maintain or increase this year, the smart money is on those who harness AI to streamline ops and engage customers like never before. Don’t get left in the dust. Comment below how you’re using AI to transform your retail business and follow AI Owners for more disruptive insights. Let’s push the boundaries! 🚀 -RetailTech -AIinRetail -EfficiencyBooster #Retail #Disruption #Creativity #ArtificialIntelligence #AIOwners https://lnkd.in/ef6hTG9c

First day of NRF´24 Big Retail Show! First reflections on themes and presentations: CEO Michelle Gass of Levi´s reflected on the importance of Direct To Consumer also for driving the Wholesale business and had four lessons for retail: The Importance the Brand. You need to be truly obsessed with your customer. Your business needs to be innovation driven to continue to grow. Be true to your Purpose and be Value driven   Of course, a lot of session on AI and both Microsoft and Salesforce presented integrated AI business solutions based on their Co-pilot (Microsoft) and Einstein (Salesforce). To utilize AI for retail you both need integrated AI solutions and re-think your operation model, governance structure and organizational structure. Highlight of the day for me was Euromonitor´s presentation “The five digital shopper trends that will redefine commerce in 2024” embracing both AI for hyper personalized and intuitive e-commerce and sustainability approach with trends for “Recommerce” and returns. More from this in a later post or blog 😁 Columbus, #nrf2024 #Retailtrends #ai

How will e-commerce change in 2024? ✅ Competition will likely continue to increase (Of course) ✅ The election will play a significant role in how things play out ✅ AOVs may continue to increase alongside buyer confidence ✅ AI & Technology will continue to play an essential role in differentiating yourself from competition There's much more to explore in the future of ecommerce. Check out Human in the Loop for more data, strategy, and insight into the current (and future) state of ecommerce. Listen and Watch Now: https://hubs.ly/Q02p76pG0

Let's dive deeper into how leveraging AI and machine learning within your PIM can catapult your retail operation to new heights. 🌟 AI-enhanced PIM doesn't just maintain data consistency; it predicts trends, personalises customer experiences, and optimises content and recommendations in real-time. This leap from manual data management to intelligent automation marks a turning point for e-commerce, transforming data into actionable insights and driving unparalleled growth. 🚀 Embrace the future where technology meets retail, ensuring your brand isn't just participating in the digital age but leading it. 💪 #AIinRetail #MachineLearning #FutureOfEcommerce #SmartRetail #DataDrivenDecisionMaking #PIM #ProductInformationManagement #eCommerce #Data #OnlineRetail #eCommerceContent

🛍️📊 Retailers are Embracing Data and AI for Personalized Content 🤖✨ Did you know? A whopping 71% of US retail decision-makers have jumped on the data and AI bandwagon for content personalization, as revealed by an August 2023 report from Coresight Research and Obsess. But that's not all! Here's what's happening beyond the numbers: 🚀 Over three-quarters (77%) of companies that have invested in data/AI-enabled content for personalization have seen significant or moderate boosts in online sales, according to the same report. The top three performance metrics that skyrocketed after embracing this technology were: 1️⃣ Clickthrough rate 2️⃣ Time spent visiting stores 3️⃣ Net promoter score 📊 Check out the chart below to see which retail technologies are taking center stage. It's all about staying ahead of the game....is your business? Learn more: https://shorturl.at/ctACS

Unlock Unparalleled Insights with FenixCommerce's Powerful Analytics Arsenal. FenixCommerce's Data Analytics solution offers visibility and transparency into warehouse operations. It features detailed analytics and performance metrics displayed on mobile and desktop devices, allowing users to track and analyze operational data and time in transit performance. The solution promises to increase warehouse visibility from order drop to delivery through comprehensive analytics and reporting, guaranteed by FenixCommerce. #FenixCommerce #eCommerce #TechInnovation #AI #CustomerExperience #SupplyChain #Logistics #RetailTech #EcommerceSolutions 

🛍️📊 Retailers are Embracing Data and AI for Personalized Content 🤖✨ Did you know? A whopping 71% of US retail decision-makers have jumped on the data and AI bandwagon for content personalization, as revealed by an August 2023 report from Coresight Research and Obsess. But that's not all! Here's what's happening beyond the numbers: 🚀 Over three-quarters (77%) of companies that have invested in data/AI-enabled content for personalization have seen significant or moderate boosts in online sales, according to the same report. The top three performance metrics that skyrocketed after embracing this technology were: 1️⃣ Clickthrough rate 2️⃣ Time spent visiting stores 3️⃣ Net promoter score 📊 Check out the chart below to see which retail technologies are taking center stage. It's all about staying ahead of the game....is your business? Learn more: https://shorturl.at/ctACS

#AI is revolutionizing the way #retailers manage data to develop personalized promotions that will optimize engagement and profit. Tune into the highlights from #GTC24 to explore into the future of retail innovation.