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Predictive Analytics Helps New Dropshipping Businesses Thrive

Smart Data Collective

Paul Glen of IBM’s Business Analytics wrote an article titled “ The Role of Predictive Analytics in the Dropshipping Industry.” ” Glen shares some very important insights on the benefits of utilizing predictive analytics to optimize a dropshipping commpany.

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Is Predictive Analytics Revealing Unexplored eCommerce Niches?

Smart Data Collective

Predictive analytics is one of the biggest disruptive technologies shaping the eCommerce industry. IQLECT published an article on this last year titled The Importance of Predictive Analytics for E-commerce Stores. However, this has changed as new AI technology has become more widely available.

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The retail edge: Where data powers game-changing customer experiences

CIO

Increase sales A prime example is marketing personalization, which can increase sales by up to 20% and customer loyalty by up to 15%. 3 The ability to perform real-time analytics and artificial intelligence (AI) on customer data at the point of creation enables hyper-personalized interactions at scale. May 2022. [2] May 2022. [2]

Retail 711
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Salesforce earmarks $250 million for AI startup investment

CIO

CRM giant Salesforce today said that it would commit $250 million to investments in startups focused on generative AI, even as the company warned of the dangers of the technology. Salesforce’s existing AI offerings are grouped under the Einstein product family.

Startups 622
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How retailers are empowering business transformation with TCS and Microsoft Cloud

CIO

Store and channel operations: Customers have fully embraced ecommerce, social commerce, mobile commerce, and services such as buy online/pick up in store (BOPIS) and buy online/pick up at curb (BOPAC). 5G and edge computing technologies are helping retailers integrate and optimize in-store experiences.

Retail 585
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Lay the groundwork now for advanced analytics and AI

CIO

When global technology company Lenovo started utilizing data analytics, they helped identify a new market niche for its gaming laptops, and powered remote diagnostics so their customers got the most from their servers and other devices.

Gaming 568
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AI in e-commerce: Examples and best practices

bazaarvoice

Now AI is becoming increasingly common in the world of e-commerce. Today, spam filters, mobile check deposits, and facial-recognition technology all use AI to make consumers’ lives easier. The technology also helps power retargeting ads and chatbots. Here are some of the most exciting AI in e-commerce use cases to date.