“My vision is to build an e-commerce ecosystem that allows consumers and businesses to do all aspects of business online,” said Jack Ma, a Chinese business magnate, investor, philanthropist, and co-founder of Alibaba Group, a multinational technology conglomerate. In addition, he co-founded Yunfeng Capital, a private equity firm. Ma is a strong proponent of an open and market-driven economy.
From the day Artificial Intelligence was introduced to the world, it has become booming in every industry sector and the E-commerce industry is not behind. You must know how competitive is the E-commerce industry, so different e-commerce companies are taking full advantage of Artificial Intelligence to keep their business ahead in the market competition. Whether it’s the healthcare, financial, or marketing sector, Artificial intelligence has been very useful to grow a business. GroupBy software is a provider of e-commerce search and merchandising solutions. The company offers tools for search, navigation, merchandising, search engine optimization (SEO), and search as you type (SAYT). GroupBy Inc. serves customers in the United States and Canada.
Here are some ways how intelligent search is helpful for online retailers.
Searching products made easy:
the first thing about every e-commerce business is its products and the value of a business depends upon how many products they have.
It’s important for an e-commerce business to make sure that whenever their customers try to search for a keyword on their online site, they must get the relevant results for their search and this can be possible with the help of intelligent search. There are times when customers search for any products but get some irrelevant results that can make them irritated and angry, and they will leave the shop. With the help of intelligent search, customers can get what they want very fast that will keep them happy for the long run.
Recommended system:
As we already told that there are times when customers search for any results but received irrelevant search results that can make them unsatisfied and irritated, and most probably they will shift to your competitor’s business. With the help of Artificial Intelligence and machine learning, the intelligent search can understand the customer’s behavior of shopping and will make sure to provide the relevant search results. Along with that, the intelligent search will also provide some better recommendations to the customers according to their buying history. This will help your business in increasing sales and keeping your customers happy.
Inventory management:
E-commerce business requirements management of inventory, that is not be done alone and can make you feel stressed and tired. The intelligent search takes the help of machine learning to predict future demands of your products and services by tracking the sales history of your business and regularly updating your inventory. This will allow you to identify which products are lacking in the business and how each product is creating its separate sales. With the help of machine learning and Artificial intelligence, you will be able to get predictive analytics of your business sales and growth, and it will also help you to manage your inventory effectively.