Decades ago, the use of artificial intelligence or AI was something only seen in sci-fi movies. But technology has caught up with AI as it is now incorporated in digital products. Today, AI is proving to be an integral part of our daily lives especially those of consumers as it affects their buying behavior and purchasing decisions.
The digital marketing world is quickly becoming saturated and consumers are noticing it, too. One survey conducted in 2017 by market research firm eMarketer showed that 7 out of 10 respondents agree that digital ads are now more intrusive compared to what they were three years ago.
Big data is a buzzword these days. Referring to large data sets which are analyzed to draw out patterns, associations, and trends to human behavior, it is now used in various sectors from managing traffic in urban area to improving healthcare. For marketers, big data has also made their campaigns more personalized.
One of the few side effects online shopping is porch piracy or package theft. It’s the act of snatching packages from the front door. One survey done recently showed that some 11 million homeowners have been victims of porch piracy in 2017. Another home survey showed than 3 out of 10 Americans have had a package stolen from them.
Google Shopping is an advertising opportunity from the world’s biggest search engine. With it, online users can search and compare different products online. It is also consider a must-have for online retailers as they can put their products in full view of prospective customers the moment they begin their online search.
Brick and mortar retailers have heard it before– doomsday predictions about their industry and strip malls becoming ghost towns, for example. But the truth is that the sector has responded well to the challenges brought about by the e-commerce boom. According to PwC, there is a steady growth in the revenue of traditional retail stores over the last three years. This report suggests that retailers have adapted to the challenges.
The e-commerce sector is growing at a breakneck pace. It has attracted countless entrepreneurs wanting to grow their business online. If you are one of those people who want to become successful in selling online, you should keep in mind the following pointers in managing an online business:
The e-commerce sector has been very robust. In a recent report, total e-commerce sales grew to $127.3 billion in the United States for the second quarter of the year. In North America, the retail e-commerce sector is projected to grow by double digits until the turn of the new decade. But these figures also indicate that the competition among e-commerce businesses will become more intense as the sector further grows.
Bitcoin and blockchain technology have been hugging the headlines as of late.It’s crazy to think that seven years ago, the said type of cryptocurrency traded for a mere $1. Yet recently, a bitcoin was traded for an eye-popping $16,000.
There was a time, not too long ago, when Google was simply a search engine. People go to the website to find information about restaurants they want to dine in, or to find the nearest hotel in a place where they’re headed.