New Technologies to Impact E-commerce Business – Part 2 (AI/ML)

Contributed by: Anonymous
July 12, 2021

E-commerce is evolving by leaps and bounds every year and technological advancements are the main driver of this exponential growth. By the end of 2020, the global e-commerce market registered sales crossing $4.2 trillion. This represented 16% of the total share of global retail sales! While AI/ML continues to be one of the main impact areas, there are some more advanced technologies that are or going to influence the E-commerce dynamics in the coming years.

1. SOCIAL COMMERCE

Social media is an indispensable part of our daily activities. This effectively changes the buyer-seller landscape as well. Brands stay in touch with their clients via popular social networks to create a personal relationship. More advanced technical features are integrated into social media that are directed to shorten the buying cycle. In the future, the one-click “Buy” button will likely be adopted by most social networks. The combination of e-retail and social media has resulted in evolving P2P marketplaces. Facebook and Instagram are the greatest examples.

2. M-COMMERCE

Using applications on smartphones and tablets to buy and sell products is known as mobile-commerce or, more simply, m-commerce. Today, the percentage of consumers using mobile devices constitutes a half of all internet traffic, meaning it is of high importance that e-commerce shops adapt to mobile screens and, in some cases, even build a separate app for the specific purpose of reaching these buyers and following mobile e-commerce trends

3. ONE CLICK CHECKOUTS & E-WALLETS

One Click Checkout offers a completely new e-commerce experience formed from an analysis of former purchases and buyer behavior. Research shows that mobile users expect to have as easy of an e-commerce shopping cart process as possible. Electronic wallets are simplifying the payment process & payment integration with personal details & bank accounts are changing the way to do the online payments.

4. BEACONS

Retailers strategically place beacons around their store. The beacons connect to a customer’s Bluetooth enabled smartphone app. It sends a signal to the phone and the app is opened. The retailer can then provide the customer with a wealth of information. This increases the chances to use the app more often and actually complete the purchase.

4. DYNAMIC PRICING

Using AI/ML, businesses now can change the price of the product based on supply and demand in real time using dynamic pricing strategy. It leverages customer data, competitive pricing data, and sales transaction data to predict when to discount, what to discount, and dynamically calculate the minimum amount of discount needed to ensure a transaction.

5. DASH BUTTONS

This appliance from Amazon offers easy order-placement of the most regularly purchased goods. These button devices are tagged to a place where these goods are often used. Then, using the Amazon app, a user can preliminarily set up the orders. This new technology trend in e-commerce will likely soon be imitated by other top players

6. OMNI CHANNEL

According to Google, around 85% percent of users begin their shopping journey on one device and continue on another. It can start with an Instagram advert and end up at a leather jacket store down the street. This message from consumers has set the trend of aligning online and offline sales channels. This approach is called omni-channel, meaning all the means of interaction with a customer should provide the feeling of one entity. Each detail of a particular company, its brand, marketing content, and ads should communicate the same concept.

7. BLOCKCHAIN

E-commerce is one of the industries being changed by the revolutionary use of blockchain technology. With future of e-commerce growth, some side effects are bound to occur. There are issues with trust, slow transactions, higher fees and policies, and digital data ownership. With its concept of a distributed, genuine ledger of all digital transactions, blockchain helps to build trust in online payments. It also excludes frauds and provides a new payment method with the help of cryptocurrency (Bitcoin, Ethereum, Ripple, etc).

8. PROGRESSIVE WEB APPS (PWAS)

Progressive Web Apps (PWAs) are websites accessed directly in a browser that provide the high-converting features of a native app. These apps are not downloaded from an app store platform. While websites are optimized for users to get informational content, PWAs are designed to help shoppers accomplish tasks quickly. They have fast and reliable features and functionalities that create a highly engaging shopping experience.

9. ROPO / ROBO

ROPO (Research Online, Purchase Offline) or ROBO (Research Online, Buy Offline) has been a noteworthy trend for the last few years. With ROBO or ROPO, customers find it more convenient to search for products/services at the best probable prices. On the other hand, ROPO helps e-commerce business owners to track their offline conversions.

10. DRONE DELIVERY

This is one of those things which at this moment is not live yet and mostly has been in the testing phase at the commercial scale. But its possible that in 2021 itself, several companies introduce drone delivery at a mass scale. Companies like Amazon, Dominos are in the advanced stage of their drone delivery testing.

Copyright © 2020-21. AlCircleBiz All Rights Reserved.

  • worldpay

'Most searched' on AlCircleBiz

Raw Materials and Consumables:

Magnesite | Fluorspar | Propeller Scrap | Tin Brass Scrap | Gun Metal Scrap | Honey Brass Scrap | Silicon Metal 2202 | Silicon Metal 3303 | Silicon Metal 421 | Silicon metal 441 | Silicon metal 553 | Silicon Metal | Silicon metal 553 | Silicon metal 441 | Silicon metal 3303

Primary Aluminium:

Aluminium Ingots | Aluminium Scrap | Aluminium Ingot | Aluminium Alloy Ingot | Copper Billets | Aluminium Billets | ADC12 Ingot | Primary Aluminium Ingots

Machinery and Equipment:

Heat Sink | Dust Suppression & Control System | Alumina / Fly Ash / Lime Tanker | Y81-200 Metal Baler | Q91Y-360 Guillotine shear | Anode Transfer Vehicle - ATV | Crushed Bath Tanker

Aluminium Products:

Aluminium Scrap 6063 | 3004 Aluminium Foil | Aluminium powder | House on Wheels Interior | Radiator Door | Aluminium Caul Board | Aluminium Coil | Aluminium Corrugated Sheet | Aluminium Chequered Sheets | Aluminium Sheets | Aluminium Scrap 97 Purity

End User:

Screw Module Series | Aluminium Die- Casting | Aluminium Medical Equipment Profile | Led Aluminium Profile | Mobile frame series | Electronic Series | Chamber series | Bike Accessories | Aluminium Tope | Aluminium Circle | Aluminium Extrusion | Standard Geometric Profiles

Utility and Services:

Logistics Services | Equipment Assessment Service | Material Audits & Valuation Service | Remelting of Aluminium Scrap Service | Cable Recycling Service | Warehousing and Distribution Service | Sea Freight Service

Surplus Products:

Chlorine Supply Unit | Aluminium Extrusion Plant | MCT 160 Horizontal Double Spindle Machining Center

Aluminium Buying Leads:

Aluminium Ingot | Aluminium Ingot A7 | Aluminium Scrap 6063 | Low Purity Secondary aluminium Ingot

Aluminium Selling Leads:

Chlorine Supply Unit | Aluminum Cables | Aluminium ADC12 Ingots | High Quality Aluminium Extrusion Profiles

Sellers:

Hindalco Brasil | RIA Cast House Engineering | Prodigo Metals Recovery | Ceraflux India Pvt. Ltd. | Madina Metal | Hensfate Metal | Automation Innovation | Teeba Metals Trading LLC

AlCircleBiz: CONNECTING BUSINESS - IN THE GLOBAL ALUMINIUM INDUSTRY

Founded in 2019 and based out of Singapore, AlCircleBiz is the world's 1st online B2B marketplace for the global aluminium industry, connecting businesses. One of the biggest USPs of AlCircleBiz is – it covers the entire aluminium value chain i.e., from - raw materials and consumables, primary aluminium, equipment, aluminium products, scrap, technology, service providers – bringing everything under one roof.

When you register on AlCircleBiz, you can post business leads, get to explore all listed products and services and can send enquiries directly to the sellers. When you onboard as a registered seller, you can list unlimited products/services to get new customers & grow your business in the domestic as well as international aluminium industry.

BUY/SEND ENQUIRY FROM AlCircleBiz

Raw Materials and Consumables

Find quality & verified aluminium raw materials and consumables suppliers, manufacturers, exporters, importers and buyers around the world. Get contact details and address of companies & reach out to them through online enquiries. From Propeller Scrap, Tin Brass Scrap, Gun Metal Scrap, Honey Brass Scrap, Silicon Metal 3303 and more. Discover sellers like Xiamen JCX Import And Export Co.Ltd, Al-Azeem Enterprises, Madina Metal and more.

Primary Aluminium

Find Primary aluminium manufacturers and suppliers. Choose reliable and genuine primary aluminium manufacturers, suppliers, exporters at AlCircleBiz. Aluminium Ingot, Billet, Alloy Bar latest price from sellers like RADIANTA ALLOYS PVT. LTD., Shayona Impex, Silver Rush Exim and more.

Machinery and Equipment

Find quality aluminium machinery and equipment, suppliers, manufacturers, exporters, importers and buyers around the world. Send enquiries on aluminium machinery and equipment products to get price quotes and other information.

Aluminium Products

Find quality & verified aluminium products suppliers, manufacturers, exporters, importers and buyers around the world. Latest price on aluminium products. Get contact details and address of companies manufacturing and supplying aluminium products.

End User

Find quality aluminium end user product suppliers, manufacturers, exporters, importers and buyers around the world. Get contact details and address of companies manufacturing and supplying aluminium end user products.

Utility and Services

Find all different kinds of aluminium utility and services providers around the world at AlCircleBiz. Get contact details and address of companies providing utility and services for the aluminium industry.

Surplus Products

SURPLUS, a unique feature of AlCircleBiz, to help you sell any unused assets, with customized and dedicated marketing to attract immediate customer needs. If you have any unused product, raw materials, scrap or used equipment or machinery and you want to sell it off, then you can get verified enquiries from potential customers by availing this SURPLUS feature.

Aluminium Business Leads

Both sellers and buyers can post business leads for any specific requirements & can choose to respond to other active business leads.

Post Buying and Selling leads at AlCircleBiz is easy, fast & super affordable! We follow an authentic online method of reaching a niche audience and once you have posted a lead, you can get an unlimited number of responses against your lead. These business leads cover the entire aluminium value chain that includes Raw Materials and Consumables, Primary Aluminium, Machinery and Equipment, Aluminium Products, End User, Utility and Services and Surplus Products.

AUTHENTICITY

The in-house team of experts at AlCircleBiz is trained to check and verify the authenticity of online presence of all their registered sellers and business leads, hence you get a list of reliable product suppliers and only verified leads.

SERVICES AND PRICING

Registration on AlCircleBiz is FREE. With Registration, you get the following benefits -
- Explore AlCircleBiz platform to get connected with global sellers and buyers
- Check out all products/services & send unlimited enquiries directly to the sellers
- Post unlimited buying and selling requirements as Business Leads
- Get responses from potential customers against your posted Lead (First 10 responses in one year are free)
- Check out other active Business Leads and respond directly to the clients at No Cost - Unlimited Responses

If you onboard yourself as a registered seller for FREE, you get the following additional benefits
- Get free company profile page on AlCircleBiz website
- List unlimited number of products/services
- Get enquiries directly in your Inbox from potential clients (First 10 enquiries in one year are free)

We also have many paid offerings - like MyBiz, Surplus, Advertisement Solutions etc.

Visit us at: www.alcirclebiz.com

Top