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When someone says “artificial intelligence,” the first thing that comes to mind might be a vision from movies like Steven Spielberg’s 2001 film A.I. Artificial Intelligence, sci-fi thriller Ex Machina, or 1982 cult classic Blade Runner. But when it comes to the ecommerce sector, it’s less about human-like robotics and more about the learning technologies and algorithms that provide the foundation. AI can help today’s online retailers deliver an optimized customer experience on and off their ecommerce websites by using collected business and customer data to make better business decisions and more accurately predict the future. Artificial intelligence isn’t just a novel technology implemented for its “cool factor.” Implementing AI has the potential to impact any number of business functions across your organization.
Hypersonix works seamlessly with most ecommerce platforms and can produce results within weeks, not months or years. Hypersonix is the Enterprise AI Platform purpose-built for Ecommerce. It acts as an enterprise nervous system that senses and reacts to market conditions and customer demand for optimal results and profitable revenue. It looks at all available data to provide real-time, actionable intelligence. Hypersonix users take advantage of instantaneous changes in customer demand, supply chain fluctuations, inventory surpluses and shortfalls, and forecast and adjust pricing, optimize inventory, monitor supply chains, and drive profitable revenue growth.
Leveraging Cutting-Edge Technologies That are Revolutionizing the Ecommerce Industry
Profit Optimization for Retail: One of the most important eCommerce metrics for retailers is Average Order Value. The AOV of your eCommerce business has a direct impact on the revenue you generate and you can improve it with the help of Artificial Intelligence. Using the data collected, AI can impact customers’ decisions of buying products using its knowledge of searched products, previous orders, and browsing habits. When you provide on-point product recommendations, customers cannot ignore them and they end up spending more on your online store. A win-win for your business. Hypersonix also helps retail companies drive profitable revenue growth by providing a system of actionable intelligence. Their 11 proprietary AI-driven engines wake up and identify critical risks and opportunities for your business. They bring machine learning driven decision intelligence together with advanced forecasting and optimization to help monitor, diagnose, predict and prescribe key actions to drive profit growth. With end-to-end AI-powered profit optimization for retail, you can go beyond traditional processes to discover what happened, why it happened, and what you can do about it with personalized AI-driven recommendations. It offers evidence based recommendations with a 360-degree view on your customer, product, vendor, and channel intel. Hypersonix applies end-to-end AI-powered profit optimization analyses to business data, generating real-time, actionable recommendations you can implement every day. With solutions for demand, forecasting, autonomous inventory, and pricing intelligence, Hypersonix can guide your business through turbulent times and keep you on the path to success.
Profit Optimization for Ecommerce: eCommerce marketing is all about understanding your buyers’ behavior and modifying your offerings according to the same. Using AI, eCommerce marketers can understand their customers and identify their preferences easily and effectively to segment them into different groups for effective marketing. The delivery of personalized content and marketing will also lead to an increased customer retention rate. Inventory intelligence refers to the inventory data visibility necessary for businesses to forecast, order, and maintain optimal inventory levels, taking advantage of demand surge opportunities and minimizing excess storage and shipping costs when sales lag. Compared to approaches like JIT, inventory intelligence is holistic rather than minimalist. It means analyzing all available business data to identify patterns and trends and building out strategies and recommendations based on data-backed insights instead of expecting that conditions in the supply chain and the consumer market will remain stable. Hypersonix helps ecommerce companies drive profitable revenue growth by providing a system of actionable intelligence. They bring machine learning driven decision intelligence together with advanced forecasting and optimization to help monitor, diagnose, predict and prescribe key actions to drive profit growth. Make smarter, faster, trusted decisions by understanding your data and taking action when and where it counts. Maximize margin and impact across all aspects of your business by anticipating risks and opportunities, and taking action. Predict the future across your entire business with provably-accurate and channel-specific forecasts using real-time data. Users can auto-analyze your business health to uncover new profit and revenue insights that require attention. Plug and play with your ecommerce platform to ingest data and receive instant insights and continuous monitoring.
About | Prem Kiran
Prem Kiran is the Founder and Chief Executive Officer of Hypersonix. He is a serial entrepreneur & executive with passion to build and scale businesses. Prem has founded, scaled and exited multiple tech ventures. Prior founding Hypersonix Mr. Kiran worked as senior executive at SAP, STG, and other large to medium enterprises.