Personalization – AI-Crafted Customer Experience
摘要
Products on search and category navigation pages are ranked to enhance their relevance to buyers, leading to increased engagement and improved business outcomes such as higher conversion rates and gross merchandising value (GMV). While ranking is generally influenced by product attributes and emerging trends, performance can be significantly enhanced through personalization, where products are ranked based on individual buyer affinities. This chapter explores the concept of personalized ranking and various other use cases of product personalization. Personalization has become a cornerstone of modern e-commerce platforms, yet its potential remains underutilized. While recommendations are a prominent example, personalization spans a far broader spectrum of use cases. This chapter delves into the transformative role of artificial intelligence and machine learning in delivering tailored experiences that enhance both customer satisfaction and business performance. From personalized search results and recommendations to targeted emails, personalization has the power to attract new customers, engage them effectively, and drive significant improvements in metrics like cart abandonment and conversion rates. It also plays a critical role in creating seamless, intuitive customer journeys. The author explores a wide array of practical use cases, demonstrating how personalization can reshape the e-commerce landscape and drive exceptional outcomes for both customers and businesses.