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4 in 10 Online Shoppers Give Product Discovery Experiences a ‘C’ Grade or Below, According to New Study

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Constructor survey highlights opportunities for retailers to ‘make the grade,’ as shoppers express interest in more tailored search results and AI-driven features that help them find the best items

SAN FRANCISCO, Sept. 16, 2024 /PRNewswire/ — Cookie-cutter online shopping experiences. Pages (and pages) of search results that don’t fit the bill. Filtering functionality that’s so limited, it might as well not be there. If scenarios like these sound familiar — and you have trouble finding the right items when shopping online — you’re not alone. According to a new survey from Constructor, more than 4 in 10 online shoppers (42%) give product discovery experiences on retail websites a “C” grade or below.

The data — part of Constructor’s second annual State of Ecommerce Search and Product Discovery report — highlights implications for retailers of not “making the grade,” along with high-impact opportunities for improvement. Nearly 900 shoppers across the US (585) and UK (311) participated in this year’s study, completing an online survey about their preferences and experiences when they search and browse on ecommerce websites, excluding Amazon.

Search struggles & slowdowns
Shoppers cite search difficulties — nearly 7 in 10 (68%) think the search function on retail websites needs an upgrade. This was felt more strongly in the US (71%) than UK (61%), with search challenges including:

Scrolling, scrolling, still scrolling… 44% of shoppers say it takes at least 3 minutes to wade through search results and locate the product they need. For more than 1 in 5 (21%), it takes at least 8 minutes. Only a quarter of shoppers (24%) describe finding products online as “quick.”Query doesn’t compute: 41% of shoppers say they have to “frequently” or “always” reformulate search queries to get ecommerce search engines to understand what they mean. 85% do so at least “sometimes.”That’s not quite right: For 42% of shoppers, although search results are technically relevant to their queries (e.g., they search for “shirts,” and shirts get returned), the products aren’t what they’re hoping to see and don’t reflect their preferences. This is a bigger pain point in the UK (48%) than US (38%).

Additional struggles across both search and product discovery include:

Have we met… ever? Despite their previous engagement and purchase history, more than 4 in 10 shoppers (44%) say that when they shop with their favorite retailer online, the site treats them like a total stranger — with generic recommendations and a total lack of personalization across the buyer journey.Can this be more fun? Less than 1 in 3 shoppers (32%) say finding products online is “enjoyable” — highlighting an opportunity for retailers to create experiences that drive deeper engagement.

The benefits of getting it right
Poor product discovery experiences often breed poor results. For instance, online shoppers say when they can’t find what they want, they’re more likely to leave the retail site (52%) and take their wallets elsewhere — buying the item(s) from a different retailer (48%) such as Amazon (38%) or through Google (27%).

But shoppers say if they knew an excellent search and product discovery experience awaited them at an ecommerce site, they would:

Shop more at that retailer — 62%Choose that retailer first for their shopping needs — 42%Leave a positive review — 41%Pay 5-10% more for the item(s) they’re searching for — 24% (up from 15% last year)

“Good product discovery experiences literally pay off,” said Nate Roy, strategic director of ecommerce innovation, Constructor. “The bar for a good digital experience continues to rise, and successful retailers work to meet and exceed shopper expectations. As technology and cost barriers drop, it’s even easier for retailers to make incremental changes that measurably improve both the shopper experience and business results.”

Charting a path for improvement
For retailers looking to enhance product discovery and realize more of the benefits above, shoppers provided a wishlist for improvements. They say their search experiences would be better with:

Results that better reflect what they’re looking for — 45%Better filtering of results — 1 in 3 (33%)Personalization of search results — 30% (however, only 18% among those 60 years and older)Autocomplete functionality — 27%Better integration of online and in-store experiences — 24%; a bigger priority in the US (28%) than UK (16%)

Mobile matters
Mobile commerce continues to soar; survey data shows more than 6 in 10 shoppers (61%) do at least half of their online shopping from their mobile device. What’s more, 1 in 5 shoppers (21%) do all their online shopping via mobile — underscoring the importance of unfettered product discovery in mobile environments.

Shoppers ages 60+ were just as likely as other age groups to do all their online shopping from a mobile device (21%). However, those 60+ were also far more likely than other age groups to do their online shopping exclusively from a computer (30%). In contrast, only 4% of those ages 18-29, 3% of those 30-44, and 10% of those 45-60 years old use only the computer (not mobile) for online shopping.

Tapping into GenAI
Generative AI (GenAI) is becoming increasingly pervasive across both business and consumer landscapes. More than half of shoppers (51%) say they’ve tried ChatGPT and other GenAI tools (e.g., Bing Chat, Google Bard) in their daily lives — up significantly from 29% last year. Usage varies by age group: Among those 60+, 26% have tried GenAI tools, while those 18-29 years old report the greatest use (64%).

This increased comfort and familiarity has important implications across ecommerce product discovery — highlighting opportunities for retailers to take advantage of the technology:

More receptive to GenAI: More than half of shoppers (52%) say they’d be “very” or “somewhat” comfortable using ChatGPT and other GenAI tools that understand human language to help discover the best products for them — up 10 points from last year (42%).This varies by age: Among those 60+, only 34% note they would be “very” or “somewhat” comfortable.Let’s be clear: Nearly half of shoppers (49%) say it’s “very important” that retailers are transparent about their use of GenAI (53% in the US and 41% in the UK).

Given shoppers’ interest in, and openness to, the technology, it’s incumbent on retailers to identify use cases that will drive the most value. And with 80% of shoppers “often” or “sometimes” going to ecommerce websites unsure of what to buy (e.g., when they’re looking for a gift, starting a new hobby, etc.), there’s an opportunity to use GenAI to improve search processes and paradigms.

That’s because when shoppers are uncertain or wavering, sites often don’t help them out: Nearly 1 in 3 shoppers (32%) say when they’re unsure what to buy, retail sites make it “somewhat difficult” or “nearly impossible” to find the right item(s). But shoppers think GenAI-based features and technologies can help, and it behooves retailers to listen:

Searching in sentences: 44% of shoppers would like the ability to explain themselves in longform sentences in search (not just typing terse keywords) — and have the search bar understand.Engaging with AI assistants: When they’re unsure, more than 6 in 10 shoppers (61% — and 44% of those 60+) would “definitely” or “probably” be willing to let an AI shopping assistant help them — for example, explaining to the assistant through the search interface what they’re trying to accomplish, and getting personalized, in-stock suggestions.

In addition to AI assistants, looking across the ecommerce landscape, shoppers think GenAI has high potential to improve areas including:

Product recommendations — 41%Visual/image search — 36%Personalization — 33%Fraud detection — 25%; a bigger priority in the US (29%) than UK (19%)Virtual try-on — 21%Customer support — 20%

“There’s great interest in applying GenAI to ecommerce and, correspondingly, there’s also been a great pace of innovation,” said Nate Roy, strategic director of ecommerce innovation, Constructor. “But implementing GenAI for GenAI’s sake isn’t a smart move, and retailers are moving beyond what’s simply flashy to what’ll drive sustained value for them and their customers. Uses like AI assistants are already meeting shoppers’ needs and improving retail results. We encourage retailers to look at where product discovery is heading, and how consumers will increasingly want to engage — and then use AI and other technology strategically to cement themselves as leaders in this future.”

For more information, and to download the full State of Ecommerce Search and Product Discovery report, please visit bit.ly/state-of-ecommerce-2024

About Constructor
Constructor is the only search and product discovery platform tailor-made for enterprise ecommerce where conversions matter. Constructor’s AI-first solutions make it easier for shoppers to discover products they want to buy and for ecommerce teams to deliver personalized experiences in real time that drive impressive results. Optimizing specifically for ecommerce metrics like revenue, conversion rate and profit, Constructor generates consistent $10M+ lifts for some of the biggest brands in ecommerce, such as Sephora, Petco, Birkenstock, The Very Group, home24, Grove Collaborative and Fisheries Supply. Constructor is a U.S.-based company that was founded in 2015 by Eli Finkelshteyn and Dan McCormick. For more, visit: constructor.com

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Doo Group Strengthens Global Reach with CySEC License for Doo Financial

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LIMASSOL, Cyprus , Nov. 15, 2024 /PRNewswire/ — Doo Group is proud to announce that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC). This achievement strengthens Doo Group’s commitment to providing a secure and regulated trading environment for its clients globally.

Expanding Regulatory Reach

The addition of the CySEC license highlights Doo Group’s extensive regulatory framework, which already spans across multiple financial jurisdictions, including the United Kingdom, Australia, Hong Kong and Malaysia. This strategic milestone reflects Doo Group’s dedication to ensuring compliance with international regulatory standards and prioritizing client security. As a European Supervisory Authority, CySEC offers a robust regulatory environment and is expected to enhance client confidence. For Doo Group, this new regulatory milestone reinforces its reputation as a trusted, reliable financial services provider.

“Acquiring the new license from CySEC is a significant milestone for Doo Financial, marking a key step in our ongoing growth and strategic expansion. This achievement not only reinforces our commitment to maintaining the highest standards of regulatory excellence but also solidifies our position as a trusted, reliable financial institution within Europe. By aligning with CySEC’s rigorous requirements, we are better positioned to offer enhanced services to our clients, foster greater transparency, and ensure long-term stability in an increasingly complex and dynamic financial landscape.” Costas Kappai, Doo Financial EU

Strengthening Client Confidence

Doo Financial EU, the European branch of Doo Financial, is now positioned to serve clients across Europe under the guidelines of a European Supervisory Authority. European clients will benefit from CySEC’s regulatory protections, including client fund safety and transparent business practices, ensuring a secure and trustworthy trading experience. This development allows Doo Financial EU to offer its suite of financial services and trading products to a wider audience, backed by the credibility and oversight of CySEC.

By expanding its regulatory reach, Doo Group continues to strengthen its position in the global financial market, enabling clients to trade with confidence. The CySEC license is another step toward achieving Doo Group’s vision of becoming a leader in financial services.

About Doo Group

Founded in 2014 and headquartered in Singapore, Doo Group is an international financial services provider with a focus on FinTech. With operations across 10 major business lines—including Brokerage, Wealth Management, Payments, and Digital Marketing—we are dedicated to delivering comprehensive financial solutions that empower our clients to explore a better future.

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Liberty General Insurance Continues to Drive Insurance Awareness and Inclusion with ‘Suraksha ka Vaada Bima ke Saath’ Initiative Across Delhi and Punjab

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NEW DELHI, Nov. 15, 2024 /PRNewswire/ — Liberty General Insurance, one of the leading non-life insurance companies in India and the lead insurer for Delhi under the Insurance Regulatory and Development Authority of India’s (IRDAI) State Insurance Plan, is spearheading an insurance awareness initiative in Delhi. While there are no gram panchayats in Delhi, Liberty continues to drive insurance awareness through grassroots and digital outreach.

In parallel, Liberty is fulfilling its rural and social obligations by focusing on underserved areas in Punjab. This effort includes a recently initiated awareness campaign across 400 gram panchayats in Punjab to expand insurance penetration and increase accessibility in these regions.

In Delhi, Liberty continues to create awareness under ‘Suraksha ka Vaada Bima ke Saath’ initiative launched in 2023. This October Liberty began with a Door-to-Door Campaign across North-West and North East Delhi, reaching over 1600 households in Karala Village, Budh Vihar, Kanjawala Village and Begumpur, Burari, Kanhiya Nagar, Rampura, and Jahangirpuri, achieving over 25000 impressions. Over nearly a month, Liberty’s teams engaged with residents, distributing leaflets and explaining the benefits of motor and health insurance. This campaign was followed by the ‘Nukkad Natak’ (Street Play) initiative in South Delhi, targeting key neighborhoods of Sarojini Nagar, Lajpat Nagar, Nirman Vihar, Lakshmi Nagar, and Begumpur chowk market. The street plays used interactive performances to educate communities on the importance of insurance and dispel common myths. To reinforce the message, Liberty’s team also disseminated copies of the ‘Wise Ways of Insurance’ booklet—a unique resource developed to demystify insurance products and promote informed decision-making. The booklet, which is being translated into vernacular languages, is also being distributed in other states as part of Liberty’s commitment to financial literacy across India.

Complementing its on-ground efforts, Liberty General Insurance continues to leverage social media to drive targeted insurance awareness campaigns. Recognizing that widespread mobile access allows more people to connect online, Liberty reaches both rural and urban audiences, empowering individuals everywhere with the knowledge needed to make informed financial decisions.

Commenting on this awareness drive, Mr. Parag Ved, CEO & Whole-Time Director, Liberty General Insurance said, “Our ‘Suraksha ka Vaada Bima ke Saath’ campaign is an effort in line with IRDAI’s ‘Insurance for All by 2047’ vision, towards empowering communities across Delhi, Punjab, and beyond with the financial security that insurance provides. With general insurance penetration in India still at less than 1% of its GDP, there is a pressing need to educate communities and break down the barriers to understanding the importance of insurance. Liberty will ensure that its wide distribution network makes policies accessible to all, so that every citizen—no matter where they are—can access the financial safety net that insurance offers.”

“Liberty is committed to fostering a culture of financial resilience where every Indian can feel secure about their future. Together, we are building a future where insurance isn’t just a product but a promise of protection and peace of mind,Mr. Ved added.

Looking ahead, Liberty will be rolling out a transit media campaign across South Delhi in December, utilizing branded auto rickshaws to increase visibility and connect with residents in this vibrant area of the capital. By leveraging transit media, Liberty aims to bring insurance awareness into people’s daily routines, making information accessible in familiar, everyday settings. This campaign builds on the success of previous awareness initiatives and reinforces Liberty’s commitment to educating and empowering individuals about insurance.

About Liberty General Insurance

Liberty General Insurance Ltd. (LGI) is a joint venture between Summit Asia Investment Holdings PTE Ltd.— a group company of Liberty Mutual Insurance Group, a diversified global insurer with over 900 offices across the world, headquartered in the U.S., Enam Securities, and Diamond Dealtrade. LGI commenced operations in 2013 with the aim of providing comprehensive retail, commercial and industrial insurance solutions. The company has an employee strength of 1100+ with presence across 100+ locations in 28 states and UTs. Its partner network consists of about 6000+ hospitals and more than 5000 auto service centres. The company offers health and personal accident insurance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, engineering insurance, marine insurance, liability insurance and property insurance among other products in India.

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Hikvision unveils WonderHub and elevates smart collaboration across industries

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HANGZHOU, China, Nov. 15, 2024 /CNW/ — Hikvision unveiled its fully upgraded smart collaboration business. The event showcased a range of innovative products designed to transform collaboration in education, meetings, retail, and more. Among the highlights were cutting-edge solutions like WonderHub interactive displays, digital signage, and video conference devices. These products underscore Hikvision’s commitment to driving digital transformation and enhancing user experiences in an increasingly connected world.

At the heart of this ecosystem is WonderHub, which features WonderOS, an AI-powered platform that seamlessly connects devices and enhances collaboration. With tools like WonderSpark for interactive whiteboards and WonderCast for wireless content sharing, WonderHub enables users to communicate, create, and collaborate more effectively than ever.

Boosting Classroom Engagement with Innovative Solutions

In education, WonderHub is designed to elevate classroom experiences. The interactive displays enable students to share and express ideas effortlessly, creating a more engaging and dynamic learning environment. The built-in WonderSpark smart whiteboard software uses AI to recognize equations, provide solutions, and generate interactive 3D teaching materials across subjects like mathematics, chemistry, and natural sciences. Teachers can also access licensed images and videos through Creative Commons integration, enriching lesson content and boosting student engagement.

Classrooms equipped with WonderHub also benefit from multi-window modes and a suite of 19 educational tools. These include subject-specific templates and interactive applications. For remote learning, WonderHub integrates seamlessly with third-party conferencing platforms, allowing students to collaborate in real-time, no matter their location.

Empowering Business Meetings with Intelligent Features

Hikvision’s smart collaboration solutions transform business meetings into more efficient and immersive experiences. The WonderHub Ultra Series allows users to easily connect personal devices and leverage the interactive display’s camera, speakers, and microphone for high-quality remote conferencing. The HiSpire meeting management system streamlines meeting logistics, including room scheduling, attendee notifications, post-meeting summaries, and distribution of materials.

Advanced AI features, such as auto-framing and speaker tracking, ensure optimal video quality. Meanwhile, app-free screen casting allows for easy sharing of presentation materials. The X12 and X28 audio-video cameras offer enterprises tailored setups to suit meeting rooms of any size, ensuring seamless communication with high-definition video and precise audio capture.

Transforming Retail Spaces with Dynamic Digital Signage

Hikvision has also advanced its digital signage solutions to enhance customer engagement in retail scenarios. The vibrant displays and centralized content management allow retailers to effectively capture attention. High-brightness window displays attract passersby with promotions and new product highlights. Meanwhile, floor-standing signage supports interactive features, such as self-service ordering. The HikCentral FocSign platform enables retailers to remotely manage and distribute content across multiple locations, improving operational efficiency and ensuring consistent branding.

These digital signage solutions, including the DP and DL series, boast superior brightness and clarity, ensuring visibility even in strong lighting conditions. The displays run on Hikvision’s self-developed platform and support WonderCast wireless casting, enabling quick and easy content sharing from various devices.

Since entering the smart collaboration market in 2017, Hikvision has rapidly become a leading global player. With over 300,000 units sold across more than 140 countries and regions, Hikvision’s smart collaboration business exemplifies the company’s commitment to innovation, quality, and user-centric design. As a key highlight of this evolution, the fully upgraded WonderHub represents the next leap forward in smart collaboration technology.

By bridging advanced technology with practical applications, WonderHub, along with Hikvision’s broader range of smart collaboration solutions, is leading the way in providing more efficient and intelligent solutions for users worldwide.

For more information about Hikvision’s smart collaboration products and solutions, please visit Hikvision’s official website.

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