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ASKSID.AI: Shopping gets a tech push

We have done fairly well for ourselves...

Bengaluru-based AskSid AI leverages conversational AI to enable retail brands improve their conversion rates, that is, turning visitors into paying customers. The company does it with a combination of AI and analytics. “When visitors chat with our chatbot, we take their utterances and train our systems. Our systems today are capable of creating their own utterances which then are carefully identified by our data scientists to train the system in turn,” says Sanjoy Roy, co-founder, AskSid AI.
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Bengaluru-based AskSid AI leverages coinversational AI to enable retail brands improve their conversion rates, that is, turning visitors into paying customers. The company does it with a combination of AI and analytics. “When visitors chat with our chatbot, we take their utterances and train our systems. Our systems today are capable of creating their own utterances which then are carefully identified by our data scientists to train the system in turn,” says Sanjoy Roy, co-founder, AskSid AI.
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Scenario and prospects of Artificial Intelligence in retail & consumer goods sectors

This AI bot knows all about women’s tights. Here’s why that’s vital.

Bengaluru-based AskSid AI leverages coinversational AI to enable retail brands improve their conversion rates, that is, turning visitors into paying customers. The company does it with a combination of AI and analytics. “When visitors chat with our chatbot, we take their utterances and train our systems. Our systems today are capable of creating their own utterances which then are carefully identified by our data scientists to train the system in turn,” says Sanjoy Roy, co-founder, AskSid AI.
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AI-powered chatbots became a craze in 2016, thanks to advances in natural language processing, access to open source algorithms, and platforms like Facebook Messenger opening up to them. But the hype cycle soon hit a trough as more than two-thirds of the bots on FB turned out to be duds when they ventured beyond demos into real life.
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This startup by former Mindtree employees uses an AI platform to up the game of online shopping

Artificial Intelligence: Global scenario versus Indian landscape

AskSid is a Bengaluru-based startup that helps online brands train algorithms on their product data. Its AI bot also assists online buyers with easy product discovery and answers all their questions. Dolly Roy, an expectant mother working in the Netherlands, was looking for a pair of warm leggings. Logging on to some ecommerce websites, she was overwhelmed by the number of choices staring back at her. There were over 400 options of warm leggings, and Dolly was at sea. Confused, she decided to go to the nearby store and get a salesgirl's help. Finally, she purchased a pair of leggings.
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The McKinsey Global Institute has recently studied economic statistics from the United Nations, the World Bank, and the World Economic Forum and estimated that by 2030, AI can add 16 percent—or around $13 trillion—to the global economy and AI will boost global GDP by $15.7 billion. Since 2000, AI venture investments have risen six times and McKinsey also estimates that by 2030, at least 70 percent of businesses are likely to have implemented at least one type of AI technology.
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