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Digitalization influences how businesses operate and build and maintain relationships with customers. With the internet open 24/7, consumers can save time and shop online at their convenience. In 2017, global eCommerce sales accounted for 10.2 percent of all retail sales ($2.3 trillion US). This figure is projected to reach 17.5 percent in 2021. Revenue from eCommerce sales is expected to grow to $4.88 trillion US.…Continue
When you give customers advice that can help them save some money, they will pay you back with loyalty, which is priceless. Interesting fact: Fareboom users started spending twice as much time per session within a month of the release of an airfare price forecasting feature. This tool continues to grow conversion for our partner.
Besides travel, price predictions find their application in various scenarios. Commodity traders, investors, construction developers, or energy generators…Continue
Imagine you’re completing a mission in a computer game. Maybe you’re going through a military depot to find a secret weapon. You get points for the right actions (killing an enemy) and lose them for the wrong ones (falling into a pit or getting hit). If you’re playing on high difficulty, you might not conclude this task in just one attempt. Try after try, you learn which consecutive actions are needed to get out of a location safe, armed, and equipped with bonuses like extra health points or…Continue
As we make more cashless payments for retail purchases, restaurants, and transportation – not to mention the increase in online shopping – wallets loaded with legal tender may become a thing of the past. According to 2018 research by BigCommerce, software vendor and Square payment processing solution provider, 51 percent of Americans think that online shopping is the best option. Last year, 1.66 billion people worldwide bought goods online. And the…Continue