Artificial Intelligence (AI) is the artistry of computer algorithms to articulate an interpretation without leveraging any direct human input. Over time, many application potentials of artificial intelligence have drifted and many are yet to surface. Regardless of the advancements made by countless industries in the field of AI, loyalty and e-commerce remains the sector where they have truly left a deep impression that goes far beyond the niceties and strikingly influences our lives . AI is being implemented in many platforms such as internal operations, customer services, product packaging and delivery. It provides a personalized experience to e-commerce retailers as well as customers. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get an original essayAI, a prerequisite for survivalOne of the biggest disputes retailers face globally when they sell a product on an online e-commerce platform is the price. products. Today, the global marketplace calls for competition on a much different scale than in the past. The price of the product changes every day and it is quite stressful for a human to deal with this change. However, with the advent of AI, imposing new price tags on products is no longer a problem. Another example concerns two contrasting disasters: stockout and overstocking. These are perhaps the biggest torments for a retailer. These two cases are due to the obligation of additional income to meet rents and storage costs. In this very elusive market, with the help of AI, retailers have the advantage of visualizing their inventory requirements much earlier and with much more accuracy. Applications of AI in e-commerce Here are some applications of artificial intelligence in the e-commerce sector: Chatbots and virtual assistants built using AI help consumers at every stage, from searching for the right one product until its successful payment and payment. In case of any discrepancy, the chatbots will connect the customer with the service team so that the issue can be resolved. Using AI algorithms, predictive sales analysis is possible, which in turn will help catalog and manage inventory. collection and storage of customer data can be realized. Recommendation engines use AI algorithms that can easily predict a customer's search history and this is how online e-commerce platforms recommend products they are already interested in to their users. Keep in mind: This is just a sample.Get a custom paper from our expert writers now.Get a Custom EssaySince many transactions are carried out daily, cybercriminals can easily gain unauthenticated access to unless a highly secure algorithm is incorporated. AI ensures cybersecurity by acting against any type of fraudulent activity. Recent TrendsE-commerce has always been a very dynamic area in the retail industry. In 2016, gross retail trade represented 5.9 percent of federal GDP. With the advent of digitalization, competition has intensified and e-commerce conglomerates are looking for new techniques to implement AI to increase their brand's competitive advantage, without jeopardizing the confidence of..