The global cart abandonment rate is approximately 77% and amounts to over $4.6 Billion in lost sales. It is estimated that around 40% of these lost sales are attributed to payment issues experienced by customers at the point of checkout. The optimization of your customer payment process will go towards addressing those payment issues experienced [...]
AI or Artificial Intelligence is emerging as one of the most important aspects in the ecommerce sector. It helps the industry to work smarter and better by predicting the trends. Whether it is for marketing, sales or inventory management, this can be of great help. It also helps to enhance the customer experience. AI is [...]
Businesses are not charity homes and are established to make profit. A business that does not make profits will definitely collapse. You require feedback periodically to make decisions that will sustain your business. As a business owner of an ecommerce site, it is very expedient that you are able to sell your product and services to [...]
Ecommerce and analytics are almost synonymous. Several e-commerce startups have burgeoned over the past few years and so has their investment in analytic tools. With Machine Learning and Big Data, Data Analytics is sought after in order to assist in boosting business by deriving insights from, otherwise complicated, chunks of data. E-Commerce merchants use various [...]
