Product recommendation systems can help enterprises boost revenue by presenting customers with products that they are more likely to be interested in. This can lead to more impulse purchases and higher average order values. We leverage OpenAI capabilities to analyze customer data, understand the meaning of customer queries and to generate personalized product recommendations that are relevant to the query.
Leveraging OpenAI capabilities to analyze customer data, such as past purchases, browsing history, and search terms, to identify patterns and trends in their behavior. And NLP capabilities to understand the meaning of customer queries and generate creative text for product recommendations.
ThirdEye Data builds advanced Product Recommendation systems for retail industry to boost revenue by presenting customers with products that they are more likely to be interested in.
We have developed advanced Product Recommendation systems which are ready to be deployed.
All the reviews are independently verified by Clutch.
Before leveraging the product recommendation systems, businesses may have some common asks. We are trying to answer them here.
Product recommendation systems use a variety of algorithms to analyze user behavior and make recommendations. Some of the most common algorithms include collaborative filtering, content-based filtering, and hybrid filtering.
There are two main types of product recommendation systems: collaborative filtering and content-based filtering.
Collaborative filtering: Collaborative filtering systems recommend products based on the behavior of other users. For example, if you have purchased a product that other users who have purchased also purchased, then you may be recommended those products.
Content-based filtering: Content-based filtering systems recommend products based on the content of the products that you have previously purchased or interacted with. For example, if you have purchased a book about cooking, then you may be recommended other books about cooking.
Generative AI has been used to improve product recommendation systems in a number of ways, including:
Generating product descriptions: Generative AI (GAI) has been used to generate product descriptions that are more engaging and informative than traditional descriptions. This helps to improve the customer experience and make it more likely that customers will click on a product recommendation.
Creating personalized product recommendations: GAI creates personalized product recommendations based on a user's past purchases, browsing history, and other factors. This ensures that customers are only seeing products that are relevant to their interests.
Suggesting similar products: Generative AI is been used to suggest similar products to the ones that a user has already viewed or purchased. This helps customers to discover new products that they might be interested in.
Generating product reviews: Generative AI can be used to generate product reviews that are more objective and helpful than traditional reviews. This can help customers to make more informed decisions about which products to purchase.