Lily AIs Revolutionary Platform Powers the Present and Future of Ecommerce
Martech Outlook | Friday, November 26, 2021
Lily AI's Universal language platform allows businesses all around the world to have a comprehensive understanding of their own products and customers.
Fremont, CA: Shoppers and retailers now live in a hyper-personalized environment, where customers expect to be presented what they want online before they even realize it. The ecommerce market is now substantially larger than it was in 2019, due to Covid's quick acceleration of digital transformation, but many merchants have failed to digitally adapt and keep their consumers - and their rapidly changing expectations - at the core of the experience. Lily AI's ground-breaking platform, which has already been deeply integrated with retail industry leaders such as Bloomingdale's, thredUP, Backcountry, and others, is now available globally to help retailers improve on-site search, personalized product discovery, recommendations, and demand prediction.
Lily AI's customer intent technology converts qualitative product qualities into a universal mathematical language at scale and with unrivaled precision. Lily AI allows merchants to configure 10x more parameters for each product by leveraging sophisticated, AI-powered image recognition to extract product data. This includes everything from fit to style, decorations to occasion, and much more. The company's technology is based on a universal language that may assist give each individual customer with exactly what they're looking for in real time. Lily AI supercharges retailers of all types by injecting robust product attribute data and unique consumer intent into the entire ecommerce stack, offering a depth and scale of attribution that no other solution can match.
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“What CDPs did for customer data, Lily AI is now doing for customer intent,’’ comments Purva Gupta, Lily AI CEO and Co-founder. “We believe every retail stack will require a customer intent platform to be the central system of record of customer intent, and that quickly sends this important data to all destination systems. It’s already leading to 8-9 digit boosts in additional revenues for our major retailing customers.”
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