E-commerce is the largest growing thing on the internet using all the possible directions that are involved technically. Machine learning, business intelligence, and artificial intelligence-based solutions are a few of the best solutions developed to generate leads in e-commerce. The world’s business hubs just turned after the covid-19 breakthrough into online smart places. People overall recommend online market places more over the regular shopping markets. The trend is getting changed even in the developed world and underdeveloped countries, all just turned towards online market places [3].
Developing such online marketplaces can build the economy, can overcome the current fear of the pandemic, and develop more reliable technical smart markets to generate business leads. Developing such solution, which compete in the latest tech based problems, especially highly involvement of artificial intelligence-based solutions. Recommending items based on the search history of the person browsing, is one of example, telling the store owner what products are generating revenue and what products are still just filling up storage space. Adding more features liking responding to the voice of the customer is a new artificial intelligence-based solution [4]. Generating bill online and sending the items or products directly to the delivery address without the involvement of the human being is what amazon is achieving.
All aspects are part of the things either a part of business intelligence or a part of the artificial intelligence or some of the tech involved to progress fast. Customer churn is the process of realizing how many customers are still customers and how many customers are left buying the products. In terms of the business, it always matters if a platform’s regular customer left its place of buying. To analyze such a process to know how many customers are left buying the product is known as customer churn [5]. The ratio of the customer that stops buying the product in a certain period is considered as the customer churn impacts the e-commerce platforms. In E-commerce platforms, Amazon comes as the leading one.
Machine learning is developing clear difference in the history of e-commerce by setting up new solutions to the problems noticed in online shopping. Dealing and manipulating the data sets and concluding some clear decision that helps in real-world problems. Machine Learning problems get resolved using linear regression imparting and generating solutions that were hard to make manually, especially for unstructured data. Structured data can be handled by machine learning techniques and algorithms. Feature-based analysis helps in developing better decisions on the structured data. Machine learning paves the future by providing the optimum solutions to the problem [6]. The issues machine learning can handle in e-commerce are managing the whole platform related to sales and purchases, following up with the customers noticing the issues costumer face while purchasing the product. Understanding the scientific reasoning of big data and the analytics generated using machine learning algorithms.
Optimized big data or getting patterns generated using the data of the products helps in growing the product is what artificial intelligence and business intelligence are created. Taking care of the customer’s experience with the product helps increase the overall business. Improving customer concern problems and first analyzing them to create a clear terminology [7]. The terminology may involve artificial intelligence and machine learning to develop solutions in applied science. The telecom sector is the one example of that in the telecom sector feedback deducts information about user experience. That user experience feedback helps in improving services similarly, artificial intelligence and machine learning can find out meaningful information to help grow more businesses and also improve services [8].