Source:
Forbes.com
In 2011, eBay was looking to acquire companies that could speed up image recognition and augmented reality features for online retailers to capitalize on the mobile phone’s potential to help consumers make impulse purchases. In other words, photograph an image of what you want to purchase with your mobile phone and it will give you similar items which you can easily purchase from eBay.
A Swedish company, OculusAI, has refined image recognition to a science and rolled it into a new mobile app, Productify. The app lets consumers take a photo of a product and find and purchase similar products on the internet.
Emerging from a highly scientific background, the company first applied its image recognition technology to online retailers or businesses who wanted to remove pornographic images from their websites. Today, OculusAI is applying that same image recognition to a market that’s worried about keeping up with consumers on the go — eCommerce.
The global eCommerce industry generated $686 billion in 2011 and continues to grow steadily with 21% annually. At the same time, eCommerce and mCommerce retailers are faced with just for starters, a low conversion rates (only 2.85% of eCommerce visitors make a purchase) and increased product assortment translates into an obstacle for relevant search results.
Emerging from a highly scientific background, the company first applied its image recognition technology to online retailers or businesses who wanted to remove pornographic images from their websites. Today, OculusAI is applying that same image recognition to a market that’s worried about keeping up with consumers on the go — eCommerce.
The global eCommerce industry generated $686 billion in 2011 and continues to grow steadily with 21% annually. At the same time, eCommerce and mCommerce retailers are faced with just for starters, a low conversion rates (only 2.85% of eCommerce visitors make a purchase) and increased product assortment translates into an obstacle for relevant search results.
Read the rest of the story here.
Embedded system training: Wiztech Automation Provides Excellent training in embedded system training in Chennai - IEEE Projects - Mechanical projects in Chennai Wiztech provide 100% practical training, Individual focus, Free Accommodation, Placement for top companies. The study also includes standard microcontrollers such as Intel 8051, PIC, AVR, ARM, ARMCotex, Arduino etc.
ReplyDeleteEmbedded system training in chennai
Best Embedded system training in chennai
Best Embedded training in chennai
Embedded course training in chennai
Matlab training in chennai
VLSI training in chennai