Sunday, May 16Digital Marketing Journals

Tag: Retail

Chatbot based robo-advisors — The best AI can do currently to help retail investors? | by sai kiran reddy | Apr, 2021
ai, ai bot, ai chat, ai chatbot, best chatbot, chatbot, chatbot ai, chatbot app, chatbot online, chatbot website, chatbots, conversation with ai, creating chatbots, fintech, investing, robo-advisor, robot chat

Chatbot based robo-advisors — The best AI can do currently to help retail investors? | by sai kiran reddy | Apr, 2021

In my previous post I wrote about robo-advisors. I have explained in detail about the reason for the success of companies offering robo-advisory platforms in the US and discussed about some challenges similar companies face in India. Read the article to understand the current state of robo-advisors better. The link to my previous post can be found here.Just like stocks now, a few years ago the world of AI made me excited . My current project at Virtusa revolves around optimising the NLP and enhancing the features of chatbots for a consumer banking client. While researching about robo-advisors I learnt that a chatbot based robo-advisor is the intersection of two things I am currently in love with, investing and chatbots.While studying an Analytics course at University of Hyderabad I buil...
Conversational AI in Retail is Transforming the Customer Experience | Enterprise Bot | by Enterprise Bot
ai bot, ai chat, ai chatbot, ai-in-retail, best chatbot, chatbot, chatbot ai, chatbot app, chatbot online, chatbot website, conversation with ai, creating chatbots, customer-experience, customer-service, google chat bots, retail, retailtech, robot chat

Conversational AI in Retail is Transforming the Customer Experience | Enterprise Bot | by Enterprise Bot

With the rise of e-commerce titans like Amazon, eBay, Walmart, the retail industry has witnessed a rapid digital transformation over the past few years. Moreover, the outbreak of pandemic earlier this year has accelerated the growth of the online channels for retailers on a massive scale as more and more consumers turn to online purchases. Consumers now have a new set of behaviors and expectations when it comes to online shopping. In such a competitive landscape where Amazon has come up with on-demand services like next-day delivery with a Prime membership, consumers have higher expectations than before. They prefer 24/7 personalized services over products. Also, peer recommendations and online research are driving their purchasing decisions.High operational costs, inventory overcapacit...