How Did GenAI Transform E-Commerce This Diwali?
- 5th Nov 2024
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As Diwali festivities came to an end, ecommerce giants like Amazon, Flipkart, Myntra, and Nykaa fully embraced GenAI (Generative AI) to supercharge their operations. With total sales reaching an impressive ₹1 lakh crore, here’s a look at the innovative AI tools that drove this shift.
Flipkart: AI’s Role in Precision and Prevention
Next-Gen Supply Chain and Fraud Detection:
Flipkart developed its own SLMs (specialized language models), which were applied across supply chain management, fraud detection, advertising, and search improvements.
"Flippi," The Conversational Guide:
Flipkart’s virtual assistant, "Flippi," helped users navigate complex shopping journeys through a conversational interface.
Multilingual AI for Seamless Searches:
Flipkart’s multilingual AI technology translated regional queries, such as converting “bacho ke liye dress” into “dress for kids,” simplifying searches for a diverse customer base.
Seller Support with AI-Generated Images:
AI streamlined the seller experience by generating stock images and improving cataloging.
Enhanced Fraud Prevention on High-Value Returns:
AI-powered checks protected high-value returns like smartphones from misuse, tightening return policies.
Myntra: AI-Enhanced Shopping Experience "MyFashionGPT" and "Maya":
Myntra’s chatbot, "MyFashionGPT," enabled users to navigate the platform with prompts like “Best clothes for a hike,” while "Maya," an AI avatar, provided tailored style advice.
Boosting Sales with AI Guidance: Myntra reported that shoppers using AI assistance were 3 times more likely to place an order, with average items per order rising by 16%.
Upcoming Innovations: Myntra planned to roll out voice search and virtual outfit previews, enhancing the shopping experience even further.
Nykaa: Virtual Try-Ons with ModiFace
Revolutionizing Beauty Shopping:
Nykaa partnered with L’Oreal to introduce "ModiFace," an AI-powered virtual try-on tool, delivering a realistic makeup experience for online shoppers.
Amazon: Personalized Shopping with "Rufus"
"Rufus"—An AI Shopping Assistant:
Launched in beta in India, Amazon’s assistant “Rufus” utilized shopping data, customer reviews, and Q&A interactions to provide tailored recommendations.
AI-Curated Product Descriptions:
Amazon’s AI generated compelling product descriptions and review summaries, helping shoppers make informed decisions faster.
This Diwali, GenAI gave ecommerce a dazzling upgrade, blending convenience with personalization and redefining the way India shopped online.
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