Electronic commerce with artificial intelligence
Enabling Ecommerce Sites to Create Augmented Reality and EGİAD A webinar titled “The Future of Ecommerce with Augmented Reality and Artificial Intelligence” was held with ART Labs, a tech startup that had previously received awards. investments of his angels. Art Labs co-founder Uğur Yekta Başak was the speaker for the event, and e-commerce and artificial intelligence, which is a great starting point for businesses, especially in the pandemic as a system next-generation trading, and the tricks of e-commerce have been passed on. .
How Can Augmented Reality (AR) Benefit Ecommerce Retailers? This is the question that companies that develop technology have been addressing in recent years! Online shoppers claim augmented reality will change their shopping experience. So how does augmented reality contribute to e-commerce? Here are all these questions EGİAD It was opened to the view and assessment of the business world at the event organized by the Association of Young Entrepreneurs of the Aegean Sea. One of the biggest challenges e-commerce retailers face is finding a way for consumers to interact with products before they buy them. Most people want to experience the product before making a purchase decision. Cart abandonment rates for customers who don’t have this experience may increase. However, technological advancements have come a long way in solving this problem through augmented reality. Augmented Reality is establishing itself as the latest trending technology that creates an efficient digital interface in the environment around a person by placing virtual objects in real time in the real world with the support of artificial intelligence.
E-commerce, the growing purchasing system with the pandemic
With the idea that electronic commerce will be more efficient and effective with this system, he offers promotion to young entrepreneurs. EGİADAlp Avni Yelkenbiçer, Chairman of the Board, said: “The outlook on stores is changing in a world that has changed with the pandemic. On the e-commerce side, there is permanent growth. Augmented reality allows customers to pre-experience the products they will buy. It thus offers the digital experience that is closest to the physical presence in the store and answers many customer questions during the decision-making phase. With the complete technology developed, e-commerce becomes easier for existing businesses.
Yelkenbiçer said that e-commerce revenue will quickly reach 2021 trillion US dollars in 4.88 billion dollars, and that includes about 20% growth every year. On the other hand, these estimates predict a 2025% increase through 20. Mobile e-commerce, on the other hand, is growing much faster and as of 2018, 70% of revenue started to come from mobile. Another study showed that by 2020, 80% of customer relations will be handled by decision-making systems assisted by artificial intelligence. Virtual reality solutions are rapidly adopting technology, thanks to virtual reality investments from Google, Apple and Facebook. Kazan was put into operation and began to be used. And research has shown that thanks to these Virtual Reality applications, a turnover of 2020 Billion USD has been exceeded from 120 on e-commerce. Additionally, Alibaba, Sony, Microsoft, Samsung, and HTC have also announced that they are working on virtual reality apps.
EGİAD in pursuit of the future
EGİAD Yelkenbiçer, who said he looked at generations in business under the headings of the future, said: “We are looking for ways to work in harmony with the generations. In addition, under the same heading, we want to follow current technologies and understand how they will change their industry. In this context, we have hosted important guests in webinars under titles such as NFT and E-Sports. In the future, we will also cover topics such as blockchain, cybersecurity, metaverse, web 3.0, tokenization. In the light of these activities, EGİAD d’Uğur Like us, we also attach particular importance to Generation Z, which is at the center of our concerns; I especially like looking at interns as the entrepreneurs of tomorrow and nurturing them. He contributes to the ecosystem as a worker of ideas by sharing entrepreneurship stories in entrepreneurship clubs and incubation centers. I believe that the bright future of our country is entrusted to successful entrepreneurs who follow the path of Ataturk like Uğur. noted.
Uğur Yekta Başak, co-founder and CEO of ART Labs, said they have opened up the technology they offer for use in high-volume markets and big brands through e-commerce. Stating that they are used in industries such as home decor, footwear, fashion and accessories, Başak said, “Businesses using the platform can add an augmented reality experience to their commerce sites. electronic. The creation of 3D visuals of the products to be presented is ensured by a cloud-based system powered by image processing and artificial intelligence algorithms. It is possible to showcase tens of thousands of products with AR experience. In this way, benefits such as increased sales and decreased return rates are maximized through a large catalog supported by AR. Başak pointed out that the outlook on stores has changed in the changing world with the pandemic, and said, “There is permanent growth on the e-commerce side. Augmented reality allows customers to pre-experience the products they will buy. It thus offers the digital experience that is closest to the physical presence in the store and answers many customer questions during the decision-making phase. As one of the pioneers of transformation, we are expanding our scope of work by increasing the number of countries we serve.
What is ART Labs?
In 2019 Uğur Yekta Başak, Dr. It was founded by Mahdi Kazempour and later Sercan Demircan joined this partnership. Cutting-edge tech startup ART Labs completed its pre-seed investment cycle with a valuation of $ 2 million. Kültepe Investment and Investing in the EGİAD investment cycle Besides Melekleri, foreign angel investors also participated. Uğur Yekta Başak received a gold medal from TÜBİTAK while still studying at Izmir Science High School. Kazanand subsequently EGİAD was also awarded. EGİAD Uğur Yekta Başak, who crossed paths with Art Labs since his high school years, EGİAD He is drawing attention as an investment partner with his angels. Businesses using the platform can add an augmented reality experience to their ecommerce sites without coding. The creation of 3D visuals of the products to be presented is ensured by a cloud-based system powered by image processing and artificial intelligence algorithms. It is possible to showcase tens of thousands of products with AR experience. In this way, benefits such as increased sales and decreased return rates are maximized through a large catalog supported by AR. Uğur Yekta Başak’s goal is to expand its operations in the US and European markets and reach a valuation level of $ 3 million in 4 to 100 years.