AI for ecommerce is projected to increase sales by an astounding 59% through things like product recommendations. So whether you’re just dipping your toes into the digital marketplace or looking to enhance your existing online store, understanding how AI can improve your business is key. AI isn’t just for tech whizzes; it’s an accessible tool that can offer incredible amounts of value to anybody — and as such, it’s something that everybody is trying to adopt.
84% of ecommerce businesses are either actively working at adopting AI/Machine Learning solutions or have it as a top priority. Source: Statistica
$16.8 billion is the expected market size for AI-enabled ecommerce by 2030 – Source: InsightAce Analytic
95% of all customer interactions are predicted to be powered by AI/ML by 2025. Source: Servion
35% of Amazon’s sales were generated through AI-based recommendations Source: Amazon
Convinced and eager to jump in? Then here are 11 ways that you can bring AI into your ecommerce strategy in 2024.
1. Customer-Centric Search Functionality
2. Optimizing Your Product Images
3. Personalizing The Customer Experience
4. Auto-Generating Product Descriptions
5. Enhance Customer Service With Chatbots
6. Create Ads
7. Dynamic Pricing Optimization
8. Tailoring Product Recommendations To Your Customers
9. Optimize Ad Spend Across Campaigns And Channels
10. Efficient Inventory Management
11. Allow Consumers To Visually Search
Link to the full article, with 30 recommended tools - https://aiworthy.org/blog/11-ways-to-use-ai-for-ecommerce-in-2024-with-30-best-tools/