AI Articles and Reports about E-commerce

Explore articles and reports related to artificial intelligence for eCommerce, including applications in fraud detection, eCommerce search, recommendation engines, and more.

Top 3 Most Funded AI Startups in Retail - An Overview

Top 3 Most Funded AI Startups in Retail – An Overview

The retail industry could be losing nearly $1 trillion in sales annually due to business process errors that could be automated by AI, such as restocking in eCommerce. In this article, we discuss the top 3 most well-funded AI startups selling to the retail industry and how their solutions could help retailers and eCommerce sites save money lost to fraud and increase revenue through customer analytics.
Signifyd - Retail and eCommerce Fraud Detection
Signifyd is the most well-funded AI startup in the fraud detection industry for retail and eCommerce, having raised $180 million. They were founded in August 2011 and specialize in fraud detection for retail and eCommerce companies. Their most prominent offering is called “guaranteed fraud detection,” and it likely uses anomaly detection technology to recognize fraudulent transactions and prevent chargebacks. The offering was originally announced exclusively for the Magento eCommerce platform in 2017.

Recommendation Engine - AI Product Recommendations

How AI-Enabled Product Recommendations Work – A Brief Overview

Many AI vendor companies offer AI-enabled products and services for pushing more and more products in front of customers. That said, it is not always clear how these solutions determine which products to advertise to which customers. Retailers and other businesses should consider what they need to do to prepare their enterprise for one of these solutions and familiarize themselves with how AI recommendations are built and trained.

AI for Payment Processing - Current Applications

Artificial Intelligence in Payment Processing – Current Applications

It seems that the majority of AI solutions for payment processing are focused on fraud detection and prevention. Some companies claim to offer straight-through processing software as well. Below, we detail four companies that all claim to offer artificial intelligence to banks and payment processors looking for solutions in two key areas:

AI for Credit Scoring - an Overview of Innovation

AI for Credit Scoring – An Overview of Startups and Innovation

Several companies offer AI-based credit scoring applications to banks and enterprise creditors looking to better understand the risk associated with their potential borrowers. Traditional methods of credit scoring take into consideration the credit histories of potential borrows, but this might not allow certain people access to credit despite the fact that they could pay their loans back when their payments are due.

Artificial Intelligence in the Asian Retail Industry - Startups and Innovation

Artificial Intelligence in the Asian Retail Industry – Applications and Trends

Accenture forecasts that the retail industry could grow operating profits to $2.95 trillion by 2025. We've covered AI in retail extensively on Emerj, and in this report, we dive into the Asian startups that are offering AI solutions to retailers. Asian AI vendors seem to offer retailers solutions for marketing, sales, operations, and making purchases easier, among other areas. 

Artificial Intelligence in the European Retail Industry

Artificial Intelligence in the European Retail Industry

Forrester estimated that online sales in Western Europe will grow at an average of 11.9% annually until 2022. Over this period, 21% of non-grocery retail sales will be online. We see AI as continuing to find its way into the retail industry. This report specifically focuses on innovation in the European retail industry. In it, we cover vendors offering AI software across three applications:

AI for Inventory Optimization in Retail

AI for Inventory Optimization in Retail

Episode Summary: This week we talk to Alejandro Giacometti, the data science lead at a company called EDITED, based in London. The company claims to help retailers with inventory optimization, and we speak with Giacometti about how artificial intelligence can be used to search the web for the product clusters and individual products of major retailers to help inform other retailers on which products might be popular.

How Machine Learning Could Help CPG Companies Beat Out Their Competitors

How Machine Learning Could Help CPG Companies Beat Out Their Competitors

Episode Summary: One of most fun parts about doing our geolocation pieces at TechEmeergence is that we are able to interview so many people within a given country or city. Recently we did a huge piece on AI in India. We got to interview folks from the government and the bigger existing businesses, as well as a handful of people at the unicorns in Bangalore.

E-commerce

Explore articles and reports related to artificial intelligence for eCommerce, including applications in fraud detection, eCommerce search, recommendation engines, and more.