Ecommerce firms see the big picture in AI adoption

Fashion startups believe AI will give them a competitive edge above increasing automation and reducing costs.NEW DELHI: Startups like SnapShopr, Staqu Technologies, Wazzat Labs, MadStreetDen and iLenze are experimenting with deep learning and image search technologies focused on powering fashion e-tailers to simplify catalogue search, drive customer engagement and get higher conversions.”Two big trends prompted us to start-up -increasing number of smartphones has eased access to smart cameras, which has triggered increased image-based content on the internet. Secondly, we realised that businesses would increasingly need deep learning technologies to understand and analyse visual content to gain valuable insights – which can be the difference between success and failure now,” said Ankit Sachan, cofounder of iLenze, which raised $500,000 from Singapore based Mercatus Capital.iLenze’s flagship product Visual Search lets customers in…


Link to Full Article: Ecommerce firms see the big picture in AI adoption

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!