Tag: #Artificial Intelligence

E-commerce Technology Trends of 2024

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E-Commerce Technology Trends of 2024

ecommerce in 2024

E-Commerce Technology Trends of 2024: 

By MAHINROOP PM

 

Editor: MAHINROOP PM is an Information Technology Consultant and Amazon International author with five published books to his credit. Mahinroop PM writes exclusively for premium USA-based publications on Information Technology topics. MAHINROOP PM is keen on making tech stuff engaging, lucid, and innovative.

Trends

Business organizations can enhance the customer experience and increase efficiency by implementing the e-commerce technology trends of 2024. Integrating the latest e-commerce technology trends will be helpful in online purchases and customer satisfaction. Artificial intelligence, mobile commerce, social commerce, cloud computing, and e-wallet technology will be the most prominent e-commerce technology trends of 2024.

Artificial Intelligence

Artificial intelligence will revolutionize the e-commerce industry by offering personalized customer experiences, effective supply chain management, and improved fraud detection in 2024. E-commerce businesses of 2024 can analyze customer behavior, and optimize product recommendations. Artificial intelligence plays a pivotal role in automating inventory management and the implementation of AI(Artificial Intelligence) in e-commerce leads to targeted marketing, seamless automation, and effective sales processes.

Mobile E-commerce

Mobile Commerce will become increasingly popular in 2024 since customers use mobile phones for online shopping than before. Progressive web apps will gain prominence as a promising e-commerce technology in the upcoming days. Mobile commerce will surge in the e-commerce landscape. Progressive web apps combine the best features of mobile applications and e-commerce websites. Most of the USA-based shoppers use mobile apps for shopping needs and it is a pathbreaking moment for Shopify store owners.

Social Commerce

Social commerce has become a powerful tool for e-commerce in 2024 and it will continue in the upcoming days. The integration of e-commerce functionalities into social media platforms is the primary objective of social commerce. Social commerce can be termed as the next growth in e-commerce and the future growth of e-commerce is intertwined with the integration of social media and online shopping. Innovation through new purchase models, effective audience targeting, and constant growth are the experiential benefits of social commerce. Social commerce is not confined to the boundaries of just consumption and it is interrelated with conversational commerce.

Cloud Computing

Cloud computing equips ecommerce businesses to scale their operations effectively and many ecommerce firms combine cloud computing and IaaS(Infrastructure as a Service). Ecommerce businesses can benefit from flexible computing resources, simple data management, and inexpensive solutions through the implementation of cloud-based ecommerce platforms. Scalability, enhanced speed, cost reduction, Artificial Intelligence/Machine Learning capabilities, and improved security are the marvelous advantages of taking a typical ecommerce business to the cloud. The integration of cloud in e-commerce paves the way towards a quick checkout journey and cloud computing guarantees increased speed for e-commerce businesses.

E-wallet Technology

E-wallets, also called digital wallets and mobile wallets, are groundbreaking solutions for virtual finance. The software side of e-wallet ensures that personal information is secured in a payment hub and the information component contains crucial data like names, shipping addresses, payment options, and credit or debit card information. E-commerce businesses can skip the limitations of traditional and outdated payment methods through the integration of e-wallets into their online stores. It is a reality that e-wallet technology is a cutting-edge technology that will shape the future of e-commerce. The integration of e-wallets into online stores streamlines transaction processes smoothly apart from driving sales. E-wallet technology will transform the way we engage in online transactions and convenience and increased security are its amazing features.

 

Facebook, AI, yi, yi

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Facebook, AI, yi,yi

Facebook

Facebook would rather cover up, deny, and deflect than fix inherent problems.

Facebook AI, yi, yi

By Wes Hessel

Facing IT

One of the largest trends in technology today is that of “Artificial Intelligence” or AI. The Merriam-Webster dictionary defines AI as “a branch of computer science dealing with the simulation of intelligent behavior in computers.”

Predictive Models

Facebook intends to connect with our brain waves

Facebook intends to literally connect with our brain waves.

The idea of bringing technological “thought processes” closer to human thought pattern isn’t a surprising goal. In particular, to aid companies in  handling repetitive tasks. But, more deeply, companies want to use a predictive modeling approach, to statistically glean an anticipated decision, occurrence, or reaction. Imagine a virtual coin toss. Statistically, how many times out of 100, 1000, 10,000 or ten million will a flip result in a heads or tails outcome? Or, that you will order a Marguerita, not a Tequila Sunrise.

Fuzzy Logic

A “fuzzy logic” algorithm evaluates the truth values of variables. It is employed to handle the concept of partial truth, where the truth value is measured across a range. Standard logic indicates completely true to completely false. Such “fuzzy logic” and other similar algorithmic programming methods are being used in many aspects of our life.  It is used from traffic management (be it vehicle, data, or human) to security (physical and virtual) to that “smart speaker” sitting on your table.  One place most of us (at least it seems) encounter such “machine intelligence” is with the king of social media, Facebook.

Book ‘Em, Mano A Mano…

Often simple thinks like posting and sharing are made difficult due to FB AI procedures.

Simple procedures like post and share are complicated by FB artificial intelligence platforms.

Parts of our interaction with others through Facebook are “one-on-one” connections – Messenger and so on; others are more like broadcasting, such as the classic “Post” and “Share”.  But behind those various communicative methods are multiple “back office”-type operations. Artificial intelligence systems and similar procedures are used more and more to do things as “easy” as suggesting your friends “Tag” up to these complex structures. For example, such structures are designed to help security people keep social medias safe, monitoring for prohibited language, identifying illicit bots, hacking, or illegal enterprises.

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Super AI: Genie in the Bottle

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Super AI: The Genie in the  Bottle

By Ross Turner

Daily Life

“Artificial intelligence” is hard to get away from these days.  Not merely its mention in tech circles and popular media, but its increasing application in daily life.  From Alexa to self-driving cars, from Google Maps to the US military’s drone programs, artificial intelligence is integrating itself into the vital functions of our social, economic, and political lives.  And it’s not slowing down.  On the contrary, it is growing at a clip that has many AI researchers and scientists both excited and alarmed.  Humanity now stands on a road that inevitably leads to artificial general intelligence (AGI), but one laden with pitfalls that demand caution.  In order to understand why this is so and what worries pioneers in the field, we must first examine what artificial intelligence is, how it works, and what it can potentially do.

What is AI?

Computers and cell phones all have weak AI

Computers, cell phones, calculators are weak AG

Artificial intelligence (AI) is simply any type of non-biological intelligence; that is, intelligent outcomes produced by machines.  By far the most common and familiar type of AI is narrow AI, (also weak AI), which is used to perform a specific function or functions.  It may possess superhuman abilities in limited areas, but it has no capacity to apply that intelligence broadly to other domains outside of its expertise.  Its intelligence is not generalized.

Narrow and Safe

This can be anything as simple as a calculator, to most of the apps on your smart phone, to commercial and municipal applications such as traffic lights, aviation navigation systems, medical diagnostics, and high-frequency stock trading.  Narrow AI is exactly as safe as the outcome it is designed to produce; it will never go beyond its limitations and develop its own goals and instruments for achieving them.  While this makes it incredibly safe, it also severely limits what it is able to do and thus constrains the full benefits — and risks — of machine intelligence.

Strong AI

As with every human technology, AI brings both benefits & dangers

As with every human technology, AI brings both benefits & dangers

With AGI (also strong AI), this is not the case.  An AGI is one able to perform across the full spectrum of human cognitive abilities, or better.  This includes the ability to reason, plan, infer, communicate, learn from experience, think abstractly, solve problems, evaluate with limited information, and to use these in service of its goals. Though vastly different in architecture and “lived” experience from a human being, an AGI ought to be intellectually indistinguishable.  Researchers have realized over the decades the difficulty in this given the extreme complexity of the human brain, but new developments such as deep reinforcement learning indicate significant progress in achieving a true AGI1.

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