Artificial intelligence (AI) is the artistic ability of computer algorithms to articulate an interpretation without leveraging any direct human input. As time passes, numerous potentials of AI application have drifted away, and many are yet to emerge. Despite the progress that countless industries have made on the AI ​​front, e-commerce continues to be the sector where it has absolutely created a profound impression that goes far beyond niceties and amazingly influences our lives. AI is being implemented in numerous platforms such as internal operations, customer services, product packaging, and delivery. It provides a personalized experience to e-com resellers and customers. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Artificial Intelligence: A Prerequisite for Survival One of the biggest controversies that retailers face globally while selling a product on an online e-commerce platform is the pricing of the products. Today's global marketplace requires competition on a different scale than in the past. The price of the product is changed every day and it is quite unnerving for a human being to handle this change. However, with the advent of artificial intelligence, imposing new price labels on products is no longer a big problem. Another example includes two contrasting disasters: stock-outs and overstocks. These are perhaps the biggest torments for a retailer. Both of these cases are due to the requirement of additional revenue to meet rents and storage costs. In this extremely elusive market, with the help of artificial intelligence, retailers benefit from predicting their inventory needs much earlier and more accurately. Applications of artificial intelligence in e-commerceHere are some applications of artificial intelligence in the e-commerce sector:Chatbots and virtual assistants built using artificial intelligence, help consumers at every stage, from finding the right product to paying and successful verification. In case of discrepancies, the chatbots will connect the customer with the service staff so that the problem can be resolved. With artificial intelligence algorithms, predictive analysis of sales is possible, which in turn will help catalog and manage stocks. Structural you can achieve the collection and storage of customer data. Recommendation engines use artificial intelligence algorithms that can easily predict a customer's search history and this is how online e-com platforms recommend to their users products they are already interested in. Remember: this is just a example.Receive a custom paper from our expert writers now.Receive a custom essaySince there are many transactions taking place on a daily basis, cybercriminals can easily gain unauthenticated access unless a highly secure algorithm is incorporated. Artificial intelligence ensures cybersecurity by acting against any type of fraudulent activity. Recent TrendsE-commerce has always been a fast-paced realm in the retail industry. In 2016, gross retail trade represented 5.9% of federal GDP. With the advent of digitalization, competition has intensified and e-com conglomerates are looking for new techniques to implement artificial intelligence in order to increase their brand's competitive advantages,.