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With the help of Machine learning programs, its algorithms, and applications ,online sellers will now be able to deliver the right products to the right customers, at the right time, and at the right prices.<br>For more info visit: https://www.jigsawacademy.com/pgpdm/
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Impact of Machine Learning On Ecommerce
Introduction • • Machine Learning no longer remains a buzzword on Buzzfeed. It possesses unmatched potential to lead us into more digital turmoil, transforming the way ecommerce does business. Machine Learning is a powerful and more influential beast that will perhaps impact each and everything. •
Different ways e-commerce can and will change with Machine Learning • Intelligent Customer-service Chatbots • Improved Product Search • Predictive “Market Right” pricing
Intelligent Customer-service Chatbots • Automated chatbots powered by Machine Learning will be able to handle basic customer service questions in chat sessions and social media tweets and posts It can be used in place of actual customer service representatives and can easily handle several customer queries depending upon the learning process of chatbots. •
Improved Product Search • Machine learning algorithms will play a big role in improving the product search capabilities on ecommerce sites. With improved learning, ecommerce store search will also start considering click rates, conversion rates, reviews and ratings of customers. •
Predictive Market Right Pricing • With the rise of predictive market-right pricing, online sellers can use data regarding pricing trends, customer behavior, product demand. Online sellers will now be able to deliver the right products to the right customers, at the right time, and at the right prices. •
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