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Personalized recommendations: AI is significantly influencing customer decisions through personalized recommendations. The survey states 48% of Indians trust AI for tailored promotion and deals compared to 23% globally.
E-commerce platforms, streaming services, and social media platforms leverage AI algorithms to analyse user preferences, past purchases, and browsing history. This data-driven approach enables AI to offer tailored product recommendations aligned with individual interests and preferences, leading to improved shopping experiences, customer satisfaction, and loyalty.
Confidence in AI-based purchase decisions: Indian customers are increasingly comfortable with using AI-based tools to make purchase decisions. The survey reveals that an impressive 82% of Indian participants are open to improving their purchase decisions using AI, while globally, only 58% express the same sentiment. Indian consumers exhibit higher confidence in AI-generated personalized recommendations and trust AI for tailored promotions and deals. 82 % of Indians are open to chatbots helping with their queries.
Industry use case: The world’s largest e-commerce platform uses a machine learning algorithm to analyse customers' purchase history, search records, and other behavioural data, to predict products the customer can be interested in, and recommend them in real-time.
Seamless checkout process: AI-powered checkout systems such as cashier-less stores, are becoming more prevalent. These systems use computer vision and sensor technologies to automatically detect and charge customers for the items they select, streamlining the checkout process and minimizing wait times.
Industry use case: A global sporting goods retailer has introduced the concept of a technology-powered, hassle-free shopping experience with self-checkout counters equipped with a scan and pay app for billing. The ‘scan and go’ app allows customers to scan and pay for items using their smartphone, automatically disabling the RFID security tag so as to leave them free to exit the store without any need to wait in a queue for checkout.