Transcript Shopted
Shopted Shopping Sorted Stage1 Innovations What online shopping never provides is the experience of physical shopping. ❏ The experience of customers interacting with the salesmen in shops. ❏ The experience of being guided through the process of shopping and helped in choosing better products. This is the critical problem that we are addressing here.... Problem : Lack of interaction and curated advice during online shopping and also loss of time in choosing the right product during online shopping. Solution : A guided online shopping experience through a chat or call based solution based on AI and human to human interface and providing curated suggestions based on buyer inputs. Stage1 Innovations Team Sushanth Sampath Vimal Raj Team Leader ,Marketing, Governance Kishore Teja Engineering Support Engineering, Back End Krishna Harendra Engineering, Front End ViswasDesign Reddipilli Stage1 Innovations Product Mockups of how the product will look and function post-development The interaction with the chat bot Stage1 Innovations Example use cases Screencast links for: WhatsApp Chat Bot : https://youtu.be/7XW3chv5WVU Facebook Bot : https://youtu.be/SBJ1Yo2r32A Why now ? Conversational UIs are the new UI A massive shift in user behavior has already begun ❖ With the growing number of e commerce websites, customers are looking for new ways of interaction apart ● from the APIs general view ofin exploring themake products. New launched 2016 now it possible to reach over 1.5B users across the world's most popular messaging platforms. ❖ All the ecommerce websites being the same are losing edge over user ● In 2014, voice assistant usage was negligible. satisfaction and guidance for them Today, voice usage exceeds 15% of all search traffic. With the advent of technology ●growth in theAmazon domains of Aibecame and machine In 2015, Echo the fastestRecent AI❖breakthroughs make human-like language understanding possible for the learning, using a bot is the future, selling This is bluetooth now what is neededin tohistory. be done speaker first time since the dawn of AI Market Size 850B$ 675B$ 40 Million+ Online Shoppers ● ● ● 17.5B$ E-Commerce Market in India India's e-commerce market was worth about $3.9 billion in 2009, it went up to $12.6 billion in 2013.* According to Google India, there were 35 million online shoppers in India in 2014 Q1 and is expected to cross 100 million mark by end of year 2016.** By 2020, India is expected to generate $100 billion online retail revenue*** *Source ---- 470B$ 2011 2016 2020 India’s Retail Market est. CAGR of 10% * http://www.pwc.in/assets/pdfs/publications/2014/evolution-of-e-commerce-in-india.pdf ** http://m.timesofindia.com/tech/tech-news/Online-shoppers-in-India-to-cross-100-million-by-2016-Study/articleshow/45217773.cms *** http://m.timesofindia.com/tech/tech-news/Online-shoppers-in-India-to-cross-100-million-by-2016-Study/articleshow/45217773.cms Stage1 Innovations Financial Model Affiliate Marketing Selling Activity Data Revenue In-App Advertising Stage1 Innovations Business model A charge is levied per transaction for each purchase 17.5B$ 4% 70M$ Avg Commission for Affiliate program E-Commerce Market Share In India Revenue Stage1 Innovations Competition - 1 million+ downloads - 50,000+ downloads Price Comparison Personal Shopping E-Commerce App Service-based Chat Bots 1 million+ downloads 500,000+ downloads Artificial Intelligence Stage1 Innovations Future Prospects & Vision ★ Once enough user-base is acquired and retained through the present solution, this chat based solution will be open for local stores to sell their products in their local area/in city with a same day delivery option. Vision - The service as an integrable platform with all e-commerce stores, local cafes, restaurants, hotels, travel, shopping, etc. hence providing an online smartphone based conversational interface. Stage1 Innovations Contact [email protected] Stage1 Innovations