Online shopping has significantly democratized product buying in India by overcoming geographical limitations and eliminating physical barriers to shopping. We have more information and more choices.
There's wider product availability with price transparency across retailers, letting consumers make informed decisions and find the best deals.
Buyers have more bargaining power as well, with online marketplaces often having multiple sellers offering the same product. The other big advantage is the reviews and ratings, which allows users to make informed choices based on real experiences. The rise of smartphones has made shopping more accessible than ever before, particularly in a mobile-driven country like India.
This exciting space is now all set for a revamp, thanks to advances in Artificial Intelligence (AI).
Role of Large Language Models (LLMs)
Benefits for the Consumer
• Personalized Product Recommendations: LLMs can analyze vast amounts of data about your past purchases, browsing behavior, and even social media activity. This allows them to suggest products and visually present them in a way tailored to your interests. Imagine seeing clothes on models that resemble your body type or makeup shades that complement your complexion.
• Enhanced Product Visualization: LLMs can create high-quality, dynamic images and even videos of products. This goes beyond static pictures. Features like 360° product views, where you can virtually rotate and zoom in on an item, or even AR (augmented reality) experiences that allow you to see how furniture might look in your home, are all set to become a reality.
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