Top Emerging Ecommerce Technology Innovations You Should Know

0
62

Ecommerce Technological Innovations

Internet and technology boost the B2B e-commerce future dramatically. Gradually but noticeably, companies have evolved to accept e-commerce as a viable growth channel. Reputable predictors forecast the e-commerce industry to be worth $6.54 trillion in 2022. Customers prefer to shop online because it’s convenient and cost-effective. Many positive trends support the growth of this vibrant industry.

Let’s examine various e-commerce future trends that technology supports.

7 Technological Innovations to Watch Out For

1. Customized User Experience

Industry experts predict customer experience to dominate the e-commerce future technology sphere. By customizing services, businesses reach the audience on any device that creates a smooth customer experience for them. 76% of buyers view personalization as a true testament of how much the brand values them.

The exponential growth of innovative technology seeks to solve retailer’s problems in providing customized services. A great way to personalize your user experience is to use contextual marketing to target your clients based on intent. This marketing technique aims to cater to the demographic’s current needs at the time of interaction. By focusing on greater immediacy and relevance, businesses can easily improve response rates, conversions, and revenue. Firms can also upgrade their online storefront to get more attention from viewers across the internet.

2. Magnificent Growth in Voice Searches

The explosion of voice search usage changes the way people shop online. Various voice-activated devices like Apple’s Siri, Amazon’s Alexa, and Google’s Assistant generate massive buzz in the e-commerce industry.

Further advancements in these tools point positively to a digital world where they become the new normal. Voice searches make online shopping simpler by curating recommendations and search results specifically for the user. For example, advanced voice assistants can match foods according to dietary preferences. Voice searches also make it easier for customers to perform their repetitive tasks efficiently. Taking feedback from users through voice typing services also makes the reviewing process easier.

3. Growth of Mobile Apps and E-wallet Technology

64% of users use their mobiles to make payments to stores. Another important e-commerce future technology is the use of e-wallet apps to ease payments. Companies can no longer just focus on mobile optimization and get away with it. They also need to integrate their interfaces with a helpful mobile wallet feature. Online shoppers wanting convenient and secure payment options opt for e-wallet payments. Adding e-wallet options may improve your conversion rates significantly.

The percentage of mobile traffic grew by 222 percent from 2013 to 2019. A great way to attract and retain this traffic is to launch an interactive mobile app that complements your website in engagement and sales. Also, building an app interface allows an easier shopping experience where your users can browse and shortlist their items effectively. Having the information about their products helps you create customized campaigns to compel them to buy.

4. Greater Use of Big Data and Analytics

Big Data Analytics elevates the industry by providing accurate e-commerce future predictions. Choosing big data analytics helps companies track the user buying experience to improve engagement and convert more clients. Furthermore, this technology makes precise e-commerce predictions for the future based on reliable data that it collects from your users intuitively. Analytics also aids optimal price formulation and targeted service improvements to boost sales. So, use analytics to recognize the best and worst elements of your business and improve accordingly to serve your customers well.

5. Adoption of Artificial Intelligence to Improve Searches

A Gartner study predicts by 2020, customers will manage 85% of their business relationship without interacting with a human. Artificial Intelligence (AI) dramatically changes the e-commerce industry by influencing each facet of business operations. AI helps e-commerce by providing better search results through Natural Language Processing (NLP).

Optimizing the search results inside the website helps customers locate your products through texts, voice, and images effectively. E-commerce firms can also use AI’s face recognition techniques to capture physical store customer’s data as potential buyers. The inclusion of AI in customer service by using virtual assistants helps businesses simplify their processes and provide enhanced client experience. Through AI, your store assistants can easily access inventory data and improve online/offline interactions significantly.

Read More: Applications of Artificial Intelligence in E-commerce Industry

6. Augmented Reality (AR) Becomes More Mainstream

63% of online shoppers believe AR improves their site purchases. 

Modern brands use AR to elevate the shopping experience and boost overall sales. AR helps customers visualize ideas of different custom products before they place their order. AR also keeps in line with the popular trend of personalization by helping buyers decide better. For example, Ikea’s app helps buyers see how Ikea furniture looks at their homes. Shoppers using Sephora can try out different products before buying. Apart from visualization, fashion websites use AR to provide a virtual stylist that helps pick out items according to the buyer’s style.

7. Use of Social Media as a Marketing Tool

87% of online shoppers believe social media helps them decide their purchases. With higher social media consumption, brands are switching to popular social media tools to reach out to their target audience. Many platforms provide link embedding features to boost sales through social media. You can take advantage of impulse buying behavior through these advertising tactics. Additionally, brands can sponsor social media influencers to create a great impression and grow business organically.

Final Thought

With COVID-19 spreading across the world, e-commerce sites pick up the demand from traditional stores and expand drastically. However, for sustainable growth, online businesses must invest in technology with a clear purpose on their agenda. Leadership should understand various issues in their organizations and find ways to fix or optimize their operations accordingly. They should also try to approach their customers humbly and take their feedback to optimize your operations. So, track these popular technology trends in e-commerce and decide what’s best for you.

For information on how Invensis Technologies will deliver value to your business through eCommerce Support Services, please contact our team on US +1-302-261-9036; UK +44-203-411-0183; AUS +61-3-8820-5183; IND +91-80-2659-5899; or write to us at sales {at} invensis {dot} net.

Last Updated on August 20, 2020

LEAVE A REPLY

Please enter your comment!
Please enter your name here