AI Articles and Reports in Consumer goods

Explore articles and reports related to artificial intelligence in consumer goods, including coverage of electronics, fashion, retail, and more.

AI for Retail and eCommerce in India - Challenges and Opportunities

AI for Retail and eCommerce in India – Challenges and Opportunities

Episode Summary: In this episode of the AI in Industry podcast, we interview Sumit Borar, Senior Director of Data Sciences and Engineering at Myntra, an eCommerce site for fashion, about the current and future state of eCommerce personalization and how the way customers in India purchase products online affects that personalization. Myntra talks about the challenges of bringing dialed-in personalized recommendations to the physical world and the challenges of bringing eCommerce into the developing world.

Artificial Intelligence for Beauty and Cosmetics - Current Applications

Artificial Intelligence for Beauty and Cosmetics – Current Applications

Reuters referenced an Orbis Research figure estimating the global cosmetics market to be worth around $$805.61 billion by 2023.

Chatbots for Customer Service - 4 Current Applications

Chatbots for Customer Service – 4 Current Applications

IBM estimates that 265 billion customer support tickets and calls are made globally every year, resulting in $1.3 trillion in customer service costs. IBM also referenced a Chatbots Magazine figure purporting that implementing customer service AI solutions, such as chatbots, into service workflows can reduce a business’ spend on customer service by 30 percent.

Virtual Reality Shopping and Artificial Intelligence - 5 Near-Term Applications

Virtual Reality Shopping and Artificial Intelligence – 5 Near-Term Applications

By implementing an immersive virtual-reality environment, some AI applications claim it is possible to test products or retail ideas that have not been brought to on the market, putting them on a virtual shelf to study consumer reactions and behavior to real-time merchandising.

Augmented Reality Shopping and Artificial Intelligence - Near-Term Applications 2

Augmented Reality Shopping and Artificial Intelligence – Near-Term Applications

AI is finding itself in the physical retail space by way of augmented reality, or AR. Research and Markets estimated the size of the AR in retail market around $1.155 billion in 2018. As of now, numerous companies claim to provide AR support to shopper experiences in a variety of industries, including automotive and fashion.

Virtual Mirrors and Computer Vision - Current Applications 2

Virtual Mirrors and Computer Vision – 9 Current Applications

According to a Deloitte study, 90 percent of worldwide retail sales are still done in physical stores. To compete with the convenience and endless aisle assortment offered online, this research suggests that meaningful customer experiences and brand engagement is crucial.

How Recommendation Engines Actually Work - Strategies and Principles

How Recommendation Engines Actually Work – Strategies and Principles

Episode Summary: When we think of recommendation engines, we might think of Amazon or Netflix, but while consumer goods and entertainment might be the most prominent domains for recommendation engines, there are others. This week, we speak with Madhu Gopinathan of MakeMyTrip, one of the few Indian unicorn companies, about recommendation engines for travel companies.

AI for Speech Recognition - Current Companies, Technology, and Where Its Headed 1

AI for Speech Recognition – Current Companies, Technology, and Trends

Speech recognition is technology that can recognize spoken words, which can then be converted to text. A subset of speech recognition is voice recognition, which is the technology for identifying a person based on their voice.

Consumer goods

Explore articles and reports related to artificial intelligence in consumer goods, including coverage of electronics, fashion, retail, and more.