Image source: Pixabay Experimenting with generative artificial intelligence like ChatGPT may rather quickly lead to faster and more creative text ‘writing’, but the technology harbors many more opportunities for e-commerce. However, not without risk. Therefore, a look at strategy and concrete examples is in order. Firstly, the phrase ‘AI is everywhere’ has become quite …
Customers rely primarily on User-Generated-Content (UGC) when making purchasing decisions, according to a study by Bazaarvoice. Social media is also becoming increasingly established as an everyday distribution channel. UGC stands for “User-Generated-Content” and refers to content created and published by users, such as reviews, photos, or videos, on online platforms and social media. These contents …
Image source: Pixabay The pandemic propelled many businesses to adopt digital technologies faster than ever before. While the immediate rush to adopt new technologies and services that address pandemic-related challenges has subsided, investing in digital transformation has not. Worldwide spending on new technologies and services is steadily increasing year over year and will reach …
Image source: Pixabay Over the last decade, the burgeoning creator economy — which centers on individuals creating and monetizing digital content — has supercharged the growth of social commerce. The evolution of social media platforms making high-production value content, particularly video, more accessible has caused a boom in viewership. More consumers using social platforms …
The Amazon Prime Day offers unique opportunities for Amazon’s business partners to increase their sales and enhance their brand awareness. To make the most out of this important day, merchants should take some crucial steps. On July 11th and 12th – the Amazon Prime Day – the 1.7 million small and medium-sized independent businesses on …
According to a recent study conducted by Stripe, the majority of German companies expect an increase in revenue through subscription models, despite the current economic situation. Subscription models rely on international expansion, flexible pricing, and minimizing declined payments. As a result, they remain one of the biggest trends in e-commerce in 2023, even in the …
With more than 20 qualified submissions, the preparations for the International Scientific-Practical Conference (ISPC) 2023 have already started off on a very positive note. Once again, the ISPC is being organized by the East European University in collaboration with the E-Commerce Institute Cologne. The aim is to provide a platform for the presentation and discussion …
Image source: Pixabay There has recently been incredible progress in artificial intelligence (AI), due mainly to the advances in developing large language models (LLMs). These are the beating heart of text and code generation tools such as ChatGPT, Bard, and GitHub’s Copilot. These models are on course for adoption across all sectors. But serious concerns remain about …
Image source: Pixabay There isn’t an industry in the world that is immune to the influence of artificial intelligence (AI). From virtual reality (VR) gaming systems to AI robots in industrial manufacturing, the development of AI technology is revolutionizing the way we interact with the world. But e-commerce is especially susceptible to AI disruption, …
Prepare for ISPC 2023: news with our new partner! Get ready for the “International Scientific-Practical Conference (ISPC 20239”, where innovation and collaboration converge. We’re thrilled to announce a game-changing development—a new partner joining forces with us. As the countdown begins, we’re excited to share the latest updates that will make ISPC 2023 an unforgettable …
Image source: Pixabay The online shopping experience has evolved dramatically over the past few years, and the rise of chatbots has been just one of the factors contributing to this change. Chatbots offer online stores a unique way to engage with customers, assist with their needs and ultimately improve the user experience, particularly during …
Image source: Pixabay Most of us want to be superstars at our job – but it’s not always clear where to start. To succeed in the workplace, we need to become intrinsically motivated by our work. You can improve your overall performance and work satisfaction by identifying tasks that you perceive as boring or …
Image source: Pixabay If you’re looking to get more out of your Instagram marketing, it’s time you tried Instagram advertising. Instagram has 2 billion active Instagram users each month, and the average user scrolls through the platform for 53 minutes each day. With usage like that, Instagram ads can help you expand your reach …
Image source: Pixabay Digital transformation is the integration of digital technology into all areas of a business resulting in fundamental changes to how businesses operate and deliver value. It helps streamline operations, increase efficiency, gain deeper insights into customers’ needs and behavior, foster innovation, and drive business growth. Digital transformation is no longer a …
Image source: Pixabay Once upon a time, you could be an expert generalist in managing IT infrastructure. Today? Not so much. Modern digital environments encompass so many constituent services and specializations that it’s impossible for any individual to truly master them all. At the same time, the importance of IT infrastructure, and the …
Image source: Pixabay It’s been two years since The Harris Poll tried to understand how leaders view the state of social media and its impact on an organization. At that time, social as a channel and profession was undergoing a major evolution. Today, it’s clear that constant change is simply a part of the …
Image source: Pixabay The future of digital out-of-home is brighter than a Times Square billboard. As uncertain economic conditions continue and technological innovations bloom, digital out-of-home is growing into a popular form of digital marketing. According to the Digital Out of Home Advertising Market report, the digital out-of-home market is expected to grow at …
Image source: Pixabay The only constant in life is change. And the world of marketing is going through a tremendous change right now. Artificial intelligence (AI) marketing is taking on a bigger role with the advent of intelligent marketing tools and generative AI like ChatGPT, creating an abundance of opportunities for marketing teams to …
Image source: Pixabay Reports of mass layoffs are all over the headlines these days. As of April 2023, job cuts rose to 270,416—an increase of 396% from the same period a year ago. The tech sector, in particular, has taken a bruising, with 102,391 jobs slashed this year so far, an increase of 38,487%. The …
Image source: Pixabay During the height of the pandemic, consumer behavior changed at an unprecedented rate, resulting in the consolidation of ten years’ worth of e-commerce growth into just ninety days. Shoppers of all ages including millennials, generation Z and older shoppers turned to their devices to purchase groceries, clothing, and home furnishings. The …