As we all know that this is the era of high technology. Where we are almost dependent on the internet . So here we are going to discuss about future of E-commerce with artificial intelligence. According to changing human needs, there is an increment in the use of artificial intelligence. Artificial intelligence is mind of machine which is used for various purposes and controlled by human intelligence. The buying or selling of products on online services by using the internet is known as electronic commerce (E-commerce). There are various technologies linked with E-commerce. Those technologies are mobile commerce, supply chain management, internet marketing, electronic data interchange (EDI), electronic funds transfer, online transaction processing, inventory management systems, and automated data collection systems. Business transaction is also under the E-commerce. There are four common ways of business transactions.
Four ways of business transaction
- Business to business
- Business to customer
- Customer to customer
- Customer to business
BENEFITS OF ARTIFICIAL INTELLIGENCE ON E-COMMERCE:
There are various benefits of artificial intelligence on e-commerce. Artificial intelligence is affecting e-commerce in a good way. There is improvement in customer service, enhancement of marketing and sales and forecasting customers' future needs due to artificial intelligence. Artificial intelligence is modifying the world of marketing business, online shopping, and online trading. Nowadays every person is connected through the internet from online shopping to online trading. Various platforms are available on internet for marketing and shopping. There are various applications for online shopping, trading and marketing. In earlier time people have to go in shopping malls and complexes for shopping but now people can easily buy or sell products by using online applications. If we are using online applications for shopping then other people are using online applications for earning money or marketing. These all are benefits of artificial intelligence. Artificial intelligence is advancing the way of operating and providing services to customers by e-commerce stores. Artificial intelligence will be used in creating pre-emptive solutions, taking major business decisions and generating valuable business insights. Artificial intelligence has a great role in changing the realm of online shopping.
Those ways are personalizing customer service, searching image, channelizing the sales process, retargeting clients, virtual buying assistants and analyzing big data.
Examples: Netflix, WayBlazer, Knorr are using artificial intelligence to making their websites superior.
When we are talking about the future of e-commerce with artificial intelligence then obviously we have to focus on e-commerce development companies. There are various e-commerce development companies which are providing best-operating services. IndiaNIC, Capital Numbers, Hidden brains Info Tech and Iflexion are the some best e-commerce development companies. These companies are in high demand. If we talk about artificial intelligence companies then there are very common names. Everyone is familiar with Amazon, Apple, Facebook and Google. These all are artificial intelligence companies
If we talk about future of e-commerce with artificial intelligence then obviously it will be amazing. Artificial intelligence has a great role in making easy and simple to e-commerce. Customers feel very comfortable due to artificial intelligence. Nowadays we can buy and sell any product from home. It is very easy because of artificial intelligence. There will be exponential increment in productivity of business due to e-commerce with artificial intelligence. People will show their interest towards online trading and shopping, which all will be because of artificial intelligence. There will be a change in the pattern of trading and shopping. There will be more advanced ways of shopping and trading.