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The study also reveals that 97% of organizations believe that current last-mile delivery models are not sustainable for full scale implementation across all locations, and that free shipping costs cannot be maintained unless delivery costs are reduced thr
one of the retail majors deployed a model analysing the shopping pattern of customers and predicted their chances of Parents-to-be in recent future.
Flipkart is using machine learning (ML) to arrive at a structured address classification system for order deliveries addressing the challenge posed by Indias unstructured postal address systems.
Optimising the checkout process is crucial for e-commerce businesses to grow revenue and deliver a great online experience.
Only 55 percent of retailers worldwide have technology in place to manage unplanned absences: Global Study
The Indian retail industry is one of the most dynamic and fast-paced industries, poised to grow at a rate of 60 per cent to US$1.1 trillion by 2020.
As per the report from CBRE following are key trends that retailers can look for in holiday season.
A retail biz means lots and lots of data and in fact, a continuous stream of data.
In India, 68% of online shoppers are purchasing from a marketplace, as opposed to a shopping with an online brand.
Customer segmentations can be created with associative data of one group of buyers with other groups who have no connection whatsoever with the former.