Machine learning is the science that makes the critical decision for ECommerce today. If you are a small and medium-size ECommerce company, then you might have been avoiding machine learning until now. A crucial question for most ECommerce business owners is what to expect in return if you begin using machine learning? Machine learning models have significantly evolved today. Evolution of ML helps us get a clearer ROI perspective from ML and AI solution investment. There are five specific use cases that you are already addressing in your ECommerce business which can be better addressed by ML. You are likely to drive incremental business from each of these use cases with the use of ML.
There is confusion in the minds of technologists around artificial intelligence (AI) and machine learning (ML). This confusion is because most practitioners come from the experience of engineering and not data science. In this article, we focus on understanding what it means to run an AI-based ECommerce in real sense.
Automated AI is the holy grail for everyone who doesn’t know a thing about AI and machine learning. Take a closer look at the history of washing machines. The simple items such as washing clothes have been through more than a century of evolution. Washing clothes at once would be the longest endeavor of the everyday. With its automation, the human has availed itself liberty to do more innovative things. AI in ECommerceis going through a similar journey, albeit much faster than washing machines.