5 Ways to Integrate AI in Your eCommerce Shop

The still-ongoing pandemic has pushed many people towards online shopping permanently. And this gave a staggering rise to the ecommerce industry. During the pandemic, there has been a 50% growth in the ecommerce market.

And, as more and more people opt for ecommerce businesses over conventional retail, it is becoming important to integrate artificial intelligence (AI) for efficiency. Taking such a step can prove beneficial for many reasons; driving customer engagement, detecting fraud, retaining customers, and enhancing the shopping experience.

Big players are already deploying AI, and here are five ways you can start leveraging it to grow your ecommerce business.

AI in the Workplace and How It Supports Us

Over the last decade, there was significant fear that Artificial Intelligence (AI) will replace all humans at the workplace. However, those fears were totally unfounded, and today we work more efficiently and effectively, side by side, with smart algorithms.

According to IDC, enterprises across the planet will spend approximately $656 billion this year on future-of-work technologies. The bulk of that money will go towards AI-powered software for enterprise applications. As most of us will work remotely in the coming years, the industry will also focus more on overcoming challenges related to collaboration and productivity.

Let’s look at how AI is already supporting us at work, transforming how we get things done.

Top 9 Ways to Overcome or Prevent AI Bias

Smart algorithms are only as good as their training data sets. As such, it’s not surprising that algorithmic bias (or Bias in Artificial Intelligence = AI Bias) increasingly pops up when Artificial Intelligence (AI) and Machine Learning (ML) models go into production.

AI bias is dangerous because it could easily lead to poor decisions with disastrous consequences. I’m sure you have come across examples of AI bias in the news, like AI’s inability to recognize minorities and so on. So, it’s not hard to imagine businesses finding themselves in a legal nightmare.

How do you overcome or prevent AI bias?

What is Competitive Analysis and How can I Conduct it Online?

Learning from the competition also means learning how to win. This has been true for a long time. Moreover, the Internet offers many opportunities to conduct a competitive analysis quickly, comprehensively, and reliably.

But the question is, how does it work? The following provides answers to questions about online competitive analysis.

Interoperability and the Future of Machine Learning

Artificial Intelligence (AI) and its subset Machine Learning (ML) are at the heart of innovation for digitally transformed businesses. However, ML, in particular, needs to be highly interoperable for smart technologies to be truly disruptive and innovative at scale.

If there was no interoperability, you could bet that AI development would be limited and only accessible to big tech. This is because only tech giants have access to the necessary resources and, more importantly, the most data that makes continuous and meaningful learning possible.