On-Line shopping has evolved drastically and is no longer just a utility of bartering money for a product. It is predicted that 75% of developer teams will utilize Artificial Intelligence in building one or more than one services or business applications. Artificial Intelligence has made an impeccable space in the market. A study reveals that by 2020, around 80% of customer interactions will be handled by Artificial Intelligence. A report shares that shoppers that interact with online opinions and reviews have 97% more chances of converting with a seller in compared to those who do not. The ecommerce development industry is indeed going through a major change.

Personalized experience: Artificial Intelligence is consistently proving its expertise in delivering a personalized experience to users worldwide. AI can help online retailers add personalized pages to their website and give personalized recommendations to their visitors.
Faster and reliable decision-making: AI has proved its expertise in handling customer data, analyzing their purchase pattern, predicting the behavior of visitors, and other data manipulation tasks.
Sustainable customer service: According to a survey, on an average 73%, customers prefer brands, which avail good support.
High-end security: AI will help ecommerce entrepreneurs to gain their customers loyalty by providing them prevention again online fraud activities.
Beyond meeting the needs: Data plays a crucial role in the growth of ecommerce businesses and undoubtedly, the online retail industry is rich with data. This is where Artificial Intelligence plays the role.

AI in ecommerce industry will entirely change the way trading used to happen. It will not just provide ease in shopping, but will also ensure security and better revenue generation. However, it is important for entrepreneurs to accordingly judge their exact requirement and get it implemented religiously. The retail industry through digitization has unveiled new realms and opportunities for the retailers.

Relevant companies, interested to learn more on potential collaboration are invited to contact the Economic and Trade Department at the Israeli Consulate General in Bengaluru.

For further queries:
contact: Kavitha Saravanan, Trade Officer, Trade and Economic Affairs
Tel: +91-80-49406515. kavithas@israeltrade.gov.il