AI and machine learning touch every industry today, but it's sometimes unclear how they improve the bottom line. In addition to automating tedious processes or helping you discover trends, can this tech boost sales and margins?
The answer is absolutely "yes." Here are three ways we're seeing businesses harness the best of AI to achieve significant gains.
13 Ways To Increase Your Ecommerce Sales This Holiday Season
Here are a few ways to generate the best ROI for your ecommerce businesses in preparation for a holiday frenzy.
Do you feel like the holiday season is getting longer and longer each year? You are not wrong.
For this year, we're going to assume you have a few things in place: a website, some products and an "x" number of customers that you wish to grow to "y.
NRS Launches B2B eCommerce Platform for Retailers | PYMNTS.com
For suppliers and distributors, the NRS B2B Marketplace will allow access to independent retailers that were previously difficult to reach because they didn't use order automation, couldn't meet minimum order requirements or faced logistical challenges.
For the retailers, the platform will offer access to more wholesale supplies, tailored insights into which items they should carry and advice on optimal order sizes.
Rokt Looks to IPO After $2.4B Valuation | PYMNTS.com
The company announced the new valuation Monday (Dec. 5) following a secondary funding round led by investment firm Square Peg and asset manager Wellington Management, and says it is preparing to go public.
"Due to the challenging economic climate, eCommerce companies are focusing on more relevant customer experiences that improve economics and deliver new revenue."
Nestlé projects ecommerce will be 25% of sales by 2025
Nestlé S.A., the world's biggest public food and drink processing company, sees more ecommerce in all forms too sweet a deal to pass up.
Although headquartered in Vevey, Vaud, Switzerland, Nestlé counts North America as its biggest market. Nestlé makes baby and medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks.
Despite Amazon's Ultra-Busy Site, Walmart Ecommerce Puts up a Strong Fight - Retail TouchPoints
Amazon attracts a remarkable 2.5 billion monthly visitors to its site on average, more than 5X the 429 million who visit the Walmart site, but it appears Walmart is becoming adept at doing more with less in the ecommerce arena.
Additionally, Walmart's online sales have been growing at a rapid clip: the retailing giant achieved 11.98% year-over-year ecommerce sales growth in the U.S., while Amazon's fell 4.61% .
Ecommerce Fraud: What Furniture Merchants Need to Know - HFA
Merchants entering the online space may also be unprepared to deal with eCommerce fraud’s “moving target” nature. Online fraudsters develop new methods and technologies rapidly.
A fraud solution (in-house or third-party) that mitigates the risk of chargebacks is therefore necessary for every eCommerce merchant. Some might even partner with a vendor offering liability shifts to make their fraud costs more predictable.
How Automated Shipping Technology Can Help Scale eCommerce Fulfillment
During Black Friday this year, consumers spent $9.12 billion online shopping —a new record—as overall online sales for Black Friday were up 2.3% year-over-year.
While the holiday season is often front and center as a trigger for micro or small-to-medium business hypergrowth, there are plenty of other "peak" events throughout the year for brands to cash in on heightened consumer spending.
Ecommerce Product Releases: December 4, 2022 - Practical Ecommerce
Here is a list of product releases for late November from companies that offer services to online merchants. There are updates on shipping, product recommendations, artificial intelligence, drop shipping, social media, fraud prevention, and cryptocurrencies.
CBA launches PowerBoard ecommerce solution - ThePaypers
The solution essentially gives merchants access to payment orchestration features through payments acquiring, multi-gateway capability, a payment options menu, and an innovation roadmap that can help to future-proof their business.
Some of the solution’s highlights include the ability to monitor real-time transactions and a simple interface that can be used to switch features on or off.
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