How is AI going to Dominate the Future of E-commerce?
Every time the topic “artificial intelligence” comes up, one can’t help but avoid the suspicion over the notoriety the term has fallen into. On the other hand, its users and learners know exactly how beneficial it is in advancing the age of technology. Both the debates run parallel to each other, keeping the suspicion intact until the impacts of artificial intelligence come to the surface in full bloom.
People think that it may cause unemployment as artificial intelligence threatens the position of man. It is like the industrial revolution that had put a good number of people out of jobs as the machines had taken over the job of a common man. Much like, people who believe that machines could one day become the dictator of the world suffer from the fear of losing their worth in the future. This all seems true when one looks at the history and observes the decline in employment especially in the lower class of our society. The truth is a machine can only replace physical labor or calculative analysis. A machine cannot feel, believe, think, or react spontaneously. Much of a man’s work depends on such interactions that involve faith, beliefs, sentimentality, understanding, etc. – things that a machine can never do. Artificial intelligence seems to be replacing these areas but truthfully, it cannot function without a method or a system that a man himself determines. Therefore, on top of everything, there is still a man holding the strings to these puppets. If anything, artificial intelligence will only help in advancing methods of development. And to mention employment, there will be new areas under exploration once artificial intelligence actively serves the world. It has a great scope especially in the area of e-commerce. The world of the internet is huge. Internet of Things is becoming popular among the masses for the number of conveniences it is bringing into our lives. Many people who cannot keep a track of things become a victim of sleep-deprivation and a messed up routine, can, with the help of artificial intelligence or the Internet of Things, manage their lives. What all it takes care of are the little tasks that a person can’t do, efficiently, in less time. One cannot overlook mentioning the milestone artificial intelligence can achieve in the area of e-commerce. Machine learning and data mining are two of its most effective tools that help Google learn the interests, likes/dislikes of the internet spiders.
Here are a few benefits that artificial intelligence is expected of bringing in the world of technology:
- Better Sales
With artificial intelligence, the customer base can be strengthened, as the producers will know the demands of consumers. The basic key is in knowing the needs of the consumer base. The method of achieving this information is data mining and machine learning. If your computer can figure out the interests of the audience by data mining, your system will automatically learn to take action favorably. For example, if you are running an online store, your system will analyze the loopholes in your services by investigating through Google algorithms and as a result will try to combat those shortcomings, ultimately improving the sales of your business.
- Online Businesses
Artificial intelligence has enabled the running of businesses a lot more convenient and advanced. The areas of marketing, online campaigning, and much other internet-dependent business have improved a lot with artificial intelligence.
- Increases Efficiency
With computers handling small technical tasks and that too without the hint of errors, make the whole job a lot easier. Of course, if you have a system that does not require human labor, cuts extra costs, creates more jobs – your business will groom and get an upgrade. The efficiency of your work will increase with machinery guidance and this way you will have enough space and time to focus on the main projects.
- Cuts Down minor tasks
As said before, with AI installed in your system, you would no longer have to worry about small calculations and analysis. If your system can analyze the progress through the data analysis from Google algorithms, you will not have to worry about the statistics, analytical reports, etc. Your AI system will do that for you.
- Strengthens Economy
When you explore a new area where development can be done, you open a whole lot of vacancies where people can sit and think of ways the invention could play its role in the development of a respective business. In the same manner, with the intervention of AI in your business, you will need more workforce that learns how to employ AI in the work so to increase efficiency.
- Enhances Lifestyle and Work Quality
Needless to say, AI gives you an experience that no other invention could bring. Internet of Things that solely functions on artificial intelligence will make each of your routine tasks much more advanced, convenient, and, in fact, automatic. For example, if your phone receives an email about the postponement of a meeting, it will readjust all your alarm clocks according to it without your assistance. That’s how artificial intelligence brings a revolution to your life. What all a person would need is a good internet connection that can take the heat from all the connected devices and deal with several applications simultaneously. For that matter, a package from AT&T Internet would be a great help as they offer quality just as good as the quantity. Speeds go up to 1 GIG, the data allowance is unlimited, and coverage is rarely a problem.
- Avoids Mistakes and unforeseen Consequences
Humans make errors. Sometimes a person would not know what mistake they did and it completely ruins the whole project only to find out at the end how small the error was, especially when it comes to calculations and analysis – a small difference in a figure could bring great changes. A system running on artificial intelligence removes such discrepancies.
- Enhances Creativity
With all the numerical side of your business covered with the help of AI, there is a huge space for creativity left in the business for a human’s assistance. AI will, undoubtedly, bring a great revolution in all the fields of business.