AI in E-commerce: What Digital Leaders Need to Know

The rapidly evolving landscape of AI in e-commerce is reshaping how digital commerce professionals, including e-commerce managers and heads of digital, approach strategy and innovation. For example, in our recent report on AI adoption report, over half of respondents (51%) told SAPinsider that a key benefit of AI implementation is improved customer experience (CX) and satisfaction.

In an exclusive webinar taking place November 13th, experts from Harvard Business Review Analytic Services, Coveo, and SAP will present key findings from a recent survey covering the rapidly evolving landscape of AI in digital commerce. Presented will be an in-depth exploration of the challenges organizations face when integrating AI into their e-commerce operations, including data integration, talent acquisition, and overcoming technology barriers. Additionally, the session will explore how successful e-commerce strategies are increasingly balancing AI-driven processes with human-centered approaches to maintain personalized and empathetic customer interactions. Experts will also discuss emerging trends and potential future directions for AI in digital commerce, offering a forward-looking perspective on where the industry is headed. This is a key opportunity for e-commerce leaders to benchmark their AI initiatives, identify areas for innovation, and stay ahead of the curve in an increasingly competitive digital marketplace.

AI in E-commerce: What SAP Insiders Need to Know

The research behind the webinar reveals the integration of AI into e-commerce is reshaping how businesses engage with consumers, driving more personalized, intuitive, and efficient shopping experiences. Experts cited agree that consumers increasingly expect websites to deliver experiences tailored to their individual preferences. AI, particularly machine learning and natural language processing, is becoming crucial in helping brands meet these expectations by personalizing marketing and content across the entire customer journey. AI can allow marketers to dynamically adjust experiences based on real-time customer data, without needing human intervention, which enhances engagement and loyalty.

• In addition, the importance of consumer trust is emphasized by experts, especially regarding data privacy. Sharing personal information is vital for AI’s effectiveness, but it requires businesses to handle that data with care and transparency to build lasting trust.
• The complexity of AI implementation also necessitates strong leadership, with the argument that organizations should appoint a dedicated Chief AI Officer (or similar role) within the C-suite to prioritize AI as a business strategy. Effective leadership ensures that AI adoption is aligned with company goals and drives profitability. Additionally, collaboration between IT and business leaders is essential for overcoming challenges and ensuring that AI initiatives align with broader business objectives while avoiding pitfalls.
• Experts also stress that human oversight is still critical. While AI can generate content and automate decisions, human validation ensures accuracy, particularly in customer service contexts. Human-AI collaboration, known as “human in the loop” (HITL), is seen as key to leveraging AI’s potential while minimizing errors and bias.
• Furthermore, AI’s role in e-commerce extends beyond just consumer-facing benefits. Businesses must establish a clear strategy for AI integration that also includes upskilling employees to work with new technologies. One expert highlights that organizations should empower employees to pursue certifications in AI, fostering internal expertise to ensure the workforce can fully leverage these tools.
• Finally, to fully benefit from AI, companies must ensure they have robust data governance frameworks. As one leader points out, the effectiveness of AI depends on the quality of the data it processes. Businesses must prioritize clean, usable datasets to unlock AI’s full potential. The key challenge remains identifying specific business problems AI can solve, ensuring its deployment is focused on tangible, measurable outcomes that directly contribute to business goals.

Find out more in the AI in E-commerce: New Research Insights for Digital Leaders webinar, taking place Wednesday, November 13, 2024, at 11:00 AM Eastern Standard Time. Its expert panel is made up of Alex Clemente, Managing Director, HBR Analytic Services, Simon Langevin, Vice President of Product, Coveo for Commerce, Coveo Solutions Inc, Jessica Dekker, SAP Customer Experience Go To Market, SAP and Steven Spears Product Marketing Lead – AI, SAP Customer Experience. Sign up here to enjoy the roundtable.