Everyone is talking about Generative AI. And why not? Gen AI has made it possible to figments of imagination & ideas into reality in a jiffy. That said, the impact of Generative AI on eCommerce will be profound. Check out this ShoppingGreedy post on Gen AI’s impact on eCommerce. Don’t forget to share this article with your network; everyone needs to be on their toes, given the rapid advancements in the field of Generative AI.
Generative AI in eCommerce – Six Trends Worth Monitoring
The ShoppingGreedy team has identified six emerging trends in the eCommerce industry, fueled by Gen AI. And in no way is this list exhaustive; that’s the potential of this mind-boggling technology!
Product Images & Descriptions
Say goodbye to spending hours creating product images and descriptions. With Gen AI tools such as DALL-E 3, it becomes a piece of cake to write compelling product descriptions and creative images.
Customer Support
Generative AI, coupled with the progress in language processing tech, can make customer assistance chatbots smarter than they currently are. Handling customer inquiries in a more humane manner that doesn’t sound scripted. Innovators such as Voiceflow and Cresta are some top-notch examples of how Gen AI is bringing seismic shifts in the customer support realm. Imagine the savings businesses can enjoy.
Personalized Recommendations
By feeding historical customer data to generative AI solutions such as Shopping Muse, online retail stores can create tailored experiences for existing and potential customers. What’s more, buyers tend to benefit from targeted recommendations, instead of wading through unnecessary suggestions unrelated to their shopping checklists.
Website Creation
Developing shopping stores was never challenging, courtesy of platforms such as Shopify. However, with the emergence of providers like 10Web, spinning up your own, robust online store and running a successful eCommerce business is easier than ever. That said, don’t be surprised when you see an enormous increase in the quantity of independent online sellers in the coming years. The number of stores currently on Shopify, Etsy, and others is just the tip of the iceberg.
Visual and Audio Search
Through Gen AI, it becomes easy to search for even the most queries. All credits go to the marvels of prompt engineering. This will make it simpler for buyers to find their favorite products on the web, saving hours spent scouring the seemingly exhaustive Commerce platforms. Try out Andisearch to get a preview of supercharged search engines that facilitate seamless online shopping experiences.
Enhanced Analytics
A plethora of stellar analytics solutions are already out there in the market. These tools do an amazing job with respect to eCommerce analytics. The capabilities of Generative AI will take them a notch higher in terms of what’s possible. Aidaptive and Shulex Voc.ai are a couple of Gen AI-based offerings that uncover hidden insights from customer testimonies and reviews. With so much data available for crunching, businesses can understand customer sentiments with a precision never seen before.
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