AI is revolutionizing the e-commerce sector by enhancing the digitization process through AI-driven personalized stylists and shopping assistants. These AI assistants analyze consumer preferences, past shopping behavior, and current trends to offer tailored fashion advice and product recommendations, increasing efficiency and customer satisfaction. The future of e-commerce lies in harnessing the power of AI as technology evolves and AI becomes more sophisticated.
Global retail e-commerce sales reached $6.5 trillion in 2023, accounting for 22.9% of total retail sales, with India's e-commerce market expected to reach $350 billion by 2030. AI's influence on e-commerce is broad, affecting various aspects of the online purchasing experience, from personalized recommendations to chatbots for customer support. Experts like Milan Sharma and Yasin Hamidani highlight AI's transformative force in creating personalized shopping experiences and optimizing supply chains in the e-commerce sector.
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