Godfrey Bayega

The underlying facts behind the future of artificial intelligent and the E –commerce business owners. You’ll agree with me, that there seems to be a lot of disagreement and confusion surrounding the idea of this fascinating concept of science fiction called artificial intelligence exhibited by machines to work and react like humans. This theory and development of computer systems are based on the fact that computers can perform tasks requiring human intelligence. Normally such tasks include visual perception, translation between languages and decision making. While to many, the theory still lies in the subconscious level of human mind development, to others it’s already a reality with vividly existing example like Google robots that are so far capable of interpreting related traits including internet of things and the invention of Google self-driven cars Will this be, or is it already the road to success for E-commerce businesses? The evolution of artificial intelligence is rolling out in business at a very skyrocketing speed, and it’s believed that, shortly it is going to be an indispensable tool especially in all commercial applications. According to research, the impact of artificial intelligence on growth in business could double annual economic growth by 2035.This is where there will be increased labor productivity and new relationships between man and machine. The E- Commerce industry is worth over $1.9trillions globally.As the e-commerce platform grows, it requires, even more, interaction and engagement of humans and machines like computers and mobiles. Has human intelligence already taken over retail business? Not only has e-commerce business taken on retail trade but also the internet.The use of technology (artificial intelligence) is constantly helping with the efforts of managing the marketing, finances and the overall operations of shopping activities.There are numbers of ways how artificial intelligence has influenced the experience of your e-commerce business.And these are explained as follows. • Voice powered search-IBM, the internet software giants created an interactive search engine software where customers engage in real- time conversations with virtual assistants by using the aspect of voice recognition. Customers can engage themselves in a series of questions and answers to make the better selection of desired products. • Visual search-With the use of artificial intelligence, the image of the desired item is inserted into the visual search bar, and through image recognition, the desired item is sorted and presented to the customer. • Pricing and check out carts-Assortment intelligence helps merchants track pricing and promotions of targeted sales in real time. • Intelligent Q&A –This intelligence software enables customers with getting answers to pre-generic questions There are several other e-commerce business platforms where artificial intelligence has been a driving factor behind their success.Some of these business platforms that have registered success include; Amazon. Not long ago Amazon launched Cloud service that allows companies to predictive models using their existing data. The service helps people to work with huge data sets to get statistical predictions.Essentially amazon’s data will integrate with the company’s data using specified algorithms to deliver results the company is looking for Google-Google uses artificial intelligent software to make real –time translations without humans.This way several e-commerce businesses have been managed using this service In the healthy sector, for instance, finding the Ebola vaccine.Several companies have come up with their algorithm(artificial intelligent software) to speed up drug research. Microsoft, Facebook which is now some of the leading online business entrepreneurs have built tools that recognize people’s faces and other parameters.For instance, this artificial intelligent software are capable of identifying a person’s photo, video, and names.You’ll also notice that, many e-commerce business platforms are surviving on the internet and they run their adverts through Google and Facebook.This is an indication that without artificial intelligence, there’s no internet and ultimately no e-commerce business. Handling finances-The best example is PayPal which is one of the preferred payment gateways for e-commerce retail stores. Paypal uses the super-intelligent software, where you sell online, or just pay for purchases and you’ll be able to track everything.This has greatly supported affiliate marketing business owners and the growth of e-commerce retail businesses like Amazon. Wrapping it up In a nutshell, artificial intelligence has and is changing the online retail and e-commerce business as a whole which is expected to increase by almost 85% by the year 2020.