The Yes Reimagines the Future of Commerce with Algorithms
Laura McQuarrie — May 20, 2020 — Business
References: prnewswire
The future of commerce is changing at an accelerated rate and at a time when retailers have the opportunity to innovate, The Yes is introducing itself as a next-gen shopping platform. The platform leverages artificial intelligence so that an algorithm can be used to understand an individua's personal sense of style and shopping instincts. With machine learning and computer vision, The Yes creates highly personalized and intelligent shopping experiences that get increasingly better with time.
Like some simple dating apps, The Yes encourages users to act on instinct and make quick decisions by indicating either a "yes" or a "no" response. According to the new platform, "Unlike every other ecommerce site today, The Yes is adaptive, in session, which means as a shopper taps a Yes or No, the algorithm re-ranks products in real-time."
Image Credit: The Yes
Like some simple dating apps, The Yes encourages users to act on instinct and make quick decisions by indicating either a "yes" or a "no" response. According to the new platform, "Unlike every other ecommerce site today, The Yes is adaptive, in session, which means as a shopper taps a Yes or No, the algorithm re-ranks products in real-time."
Image Credit: The Yes
Trend Themes
1. Adaptive AI Shopping Platforms - AI-powered shopping platforms will evolve to create hyper-personalized experiences that cater to customer's unique sense of style and shopping instincts.
2. In-session Algorithms - The integration of in-session algorithms in ecommerce platforms will enable the real-time customization of user experiences and anticipate customer behaviors.
3. Instinct-driven Shopping - Shopping platforms that leverage instinct and quick decision-making, similar to dating apps, will gain popularity among consumers.
Industry Implications
1. Ecommerce - Ecommerce platforms have the opportunity to leverage AI and machine learning to provide customers with highly personalized shopping experiences.
2. Fashion - Fashion retailers and brands can leverage adaptive AI shopping platforms to gain deeper insights into customer preferences and behaviors in real-time.
3. Technology - Advancements in AI, machine learning, and computer vision will continue to revolutionize the way consumers shop and interact with ecommerce platforms.
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