Retentics’ Post

Maya, a young entrepreneur, started her e-commerce business with a motto of "Customer is king." She wanted to ensure that each customer had a personalized experience while shopping on her platform. However, as the business grew, it became difficult for the small team to handle the vast amount of customer data they were generating. One day, Maya's friend suggested implementing AI to help identify customer preferences and provide personalized recommendations. With the new AI software in place, Maya's e-commerce platform saw a 35% increase in sales in just six months, thanks to the AI-generated personalized recommendations. Maya's story is just one of many examples of how AI is being embraced by businesses of all sizes to boost efficiency, drive revenue growth, and provide enhanced customer experiences. As we move into 2023, Snowflake CIOs predict that AI will be one of the most significant technology trends in the world of data. The use of AI is already transforming several business areas, including marketing, finance, and customer service, to name a few. Here are a few examples of how AI is creating measurable improvements: Snowflake's 2023 AI Trends Report highlights the top three AI trends shaping the future of businesses over the next few years, including: Snowflake CIO Identifies AI Focus in 2023 Data Trends Report https://lnkd.in/gMUySUPe #trending #AI #SnowflakeCIO #DataTrends #ConversationalAI #IntelligentAutomation #AIEthics #Technology

“Software is eating the world” – Andreessen Horowitz, 2011 “AI is eating software” – Unknown, 2023 More than a decade ago, the first prophecy changed the world forever. It predicted that companies that do not embrace software will be eaten off by the ones that do. As it stands today, the world is a testament to that fact. 👩🏻💻 However, software eating the world is a thing of the past. Artificial Intelligence (AI) 🤖 has invited itself to the buffet and will feast on everything in its way, including but not limited to what software managed to gulp! For eCommerce brands, AI offers a massive competitive advantage, possibly a game-changing one! Our latest eBook on how the disruptive force of AI is shaping the future of eCommerce deeps dives into: 🎯 How can AI potentially transform your eCommerce business? 🦾 🎯 Applications of AI in driving eCommerce growth 🚀 🎯 The ultimate eCommerce tech stack to invest in  🧰 🎯 Brands setting the bar high with their AI-backed growth strategies 🥇 Give it a read for some valuable and actionable insights you can put into practice right away to catapult eCommerce growth: 🚀 https://lnkd.in/gJ8c8jtH #artificialintelligence #machinelearning #ecommercegrowth #futureofecommerce #aiinecommerce

So when you practice #foresight, you don't predict but you forecast. You're not a fortune teller, you're more like a meteorologist spinning out future scenarios. Here's one scenario for folks in #LearningAndDevelopment - creating low/no code agents to serve different segments of your corporate population will be an L&D job of the future. You'll have to understand your audience requirements, the pros/cons of the data set that the agent will be trained on, provide robust feedback loops not just ensure accuracy but also tone. I think Brandon Carson posted something earlier today about how there will still be a need for humans in the loop. This will be one of those loops. #training #ai

9 Ways Entrepreneurs Can Leverage Machine Learning To Elevate Their Business #machinelearning #ml #datascience

We're in the midst of an explosion of AI-powered, digital products -- think chatbots/companion apps, software tools, games, etc. -- that can be sold to any customer in the world with an internet connection. Yet with more countries, there are more problems when it comes to selling these products. New post from Angela Strange and I on how to solve for this! Founders can choose to either stitch together multiple, best-in-class vendors to solve for: global payment orchestration, billing and subscription management, fraud prevention, tax calculation and remittance, and marketing. Or, they could partner with a Merchant of Record, like the Apple App Store, to abstract away this complexity and allow them to solely focus on building the best products possible. Founders building AI products are likely technical in nature, and we believe one path to distribution if you're a platform serving these founders is to be developer and community-led. Aside from abstracting away complexity for founders, Merchant of Record platforms can actually create network effects, driving value to all customers of the platform. If you're building in and around this space we at Andreessen Horowitz love to chat!

Generative AI can transform how your company connects with your customers — and make your commerce team more productive, too. Here’s everything you need to know about the unique benefits of AI in commerce, and how leaders are evaluating, investing in, and implementing it. #ecommerce #generativeai #salesforce