IIT, IIM Alumni Company
ECommerce
Machine learning and artificial intelligence offer a wide range of applications for various industries especially retail industry and to be more specific ECommerce. By leveraging the advantages of AI, retail giants, as well as newbies/ start-ups, have managed to reduce operational as well as overall business cost and thus have delivered an amazing shopping experience to the consumers. With these technologies getting more advanced, the digital disruption in the retail industry is expected to happen at a more rapid pace.
Product Labelling
Product labelling means tagging of objects like price, expiry date and others in the images of products so that AI models can act upon this data.
Product Categorization
Having a wide variety of products listed under various categories doesn’t guarantee an increase in sales and revenues. What ensures an increase in customer visits and sales is the combination of a variety of options that e-commerce websites offer to their customers and how easily customers are able to find their desired products on the website.
While the number of options that eCommerce companies offer to their customers is dependent upon the scale they are operating at, proper product categorization is one process that all eCommerce companies must incorporate. Product categorization which is also known as product classification means proper placement and organization of products into relevant categories.