Since the birth of eCommerce giants (Amazon and eBay), online businesses are constantly seeking innovative solutions to enhance user experiences, streamline operations, and stay ahead of the competition.
As the digital realm continues to grow in complexity, the integration of Artificial Intelligence (AI) can offer unprecedented opportunities for eCommerce platforms. A recent report states that the AI-enabled eCommerce market size is projected to reach $16.8 billion by 2030, growing at a rate of 15.7% CAGR. But it isn't only expenses statistics, it reveals investments in technologies that are most likely to define the eCommerce industry in the coming years.
So eCommerce AI is not just a buzzword and represents a paradigm shift in the way online businesses operate. From personalized shopping experiences and predictive analytics to efficient inventory management and fraud detection, AI is actively reshaping the eCommerce ecosystem.
How is AI changing eCommerce? In this blog post, we'll try to find an answer to this question, shed light on its diverse use cases, understand a real-world impact of integrating AI into eCommerce platforms and, more specifically, how nopCommerce harnesses the potential of AI to prepare businesses for the future.