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ICCIS 2021 Paper 440
ICCIS 2021 Paper 440
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University of Presov in Presov
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stefan.kral@smail.unipo.sk
3 Faculty of Management and Business, University of Presov, Prešov, Slovakia
igor.fedorko@unipo.sk
The modern information age has brought along new possibilities, software and tech-
nological innovations that could be used in marketing and shopping. New technolo-
gies lead companies to think creatively, help raise the quality, efficiency, and cost-
effectiveness of services offered by organizations [1,2]. Current trends in creativity
are mainly based on the development of information and communication technolo-
gies, which extensively affect the advancement of the business environment [3]. One
of the sectors where the digital transition and the significance of electronic commerce
is principally pronounced is retail, where digital tools, for instance websites largely
replace or complement traditional commerce [4].
2
The Internet advancement and the progress of digital technologies have led to mod-
ification of consumer habits. Nowadays, people are more and more using e-commerce
to shop instead of visiting brick-and-mortar stores in person [5].
Electronic commerce/ e-commerce takes place in the online environment of the In-
ternet, with the Internet being considered a single platform that connects the seller and
the buyer [6]. According to Ullman [7], e-commerce includes all commercial transac-
tions carried out online. This can be described as digitally empowered business trans-
actions between companies and their customers [8].
Online purchasing is thus a type of electronic commerce in which consumers
browse the Internet and buy products or services directly from a retailer's website [9].
Online shopping is becoming a regular, everyday activity. In recent years, this way of
shopping has become very popular, especially because people appreciate the conven-
ience and ease of making a purchase from the comfort of their own home [10]. B2C e-
commerce is the most common type of e-commerce. Within it, merchants try to attract
and win individual customers. Over the next 5 years, B2C e-commerce is projected to
grow by 20% annually [11]. Online retailing is currently the fastest growing retail
channel with the fastest growing customer base and an ever-expanding range of goods
[12].
The advantages e-commerce brings to online retailers and customers are shown in
Fig.1 [13,14].
Innovations and more efficient application of technologies have led to the creation
of intelligent systems that can manage and control business models with limited hu-
man involvement [18]. The advancement of artificial intelligence has generated tre-
mendous economic benefits to humanity, to almost all aspects of life, and greatly
promoted social development and taken it into a new era [19].
Artificial intelligence is considered a new interdisciplinary technological branch of
science that advances theoretical approaches, technologies and applications for the
simulation and expansion of human intelligence [20]. The use of artificial intelligence
has been examined in sectors such as healthcare, business, education, manufacturing,
marketing and financial management [21,22,23].
Russell and Norvig [24] summarized the different definitions of artificial intelli-
gence systems within two dimensions. The first dimension is Behavior dimension =
Reasoning, which speaks of artificial intelligence as a system that think and act like
human. The second dimension is Rationality dimension = Human performance, which
speaks of artificial intelligence as a system that thinks and acts rationally.
Artificial intelligence can perform mental work by simulating and augmenting the
intelligence of humans. Artificial intelligence systems can work autonomously and to
some extent adapt their behavior based on the analysis of the previous steps [15,18].
Key generated artificial intelligence capabilities include prediction, planning, and
learning. More significantly, however, artificial intelligence abilities are not inde-
pendent - they mutually cooperate with human skills to generate business values in
view of efficiency and effectiveness [25]. Artificial intelligence has the potential to
transcend human intellectual and physical abilities, offering opportunities to increase
productivity and performance. In order for artificial intelligence to work best in the
company, it is necessary to integrate it with existing business processes [26,27]. Arti-
ficial intelligence can reliably perform computer tasks and automate repetitive learn-
ing. It is also able to analyze large amounts of data more accurately and get the most
out of them. Artificial intelligence adapts through progressive learning algorithms
which become a classifier or predictor [28].
Artificial intelligence systems should have capabilities such as information pro-
cessing for natural sounding communication, the ability to store and present infor-
mation, automatic reasoning - the use of stored data to respond to questions and reach
new inferences, machine learning to cope with new conditions and to discover new
patterns of behaviour [29].
4
Improving
work
efficiency
Creating Reducing
new jobs costs
ADVANTAGES
OF ARTIFICIAL
INTELLIGENCE
Optimizing
human Better
resources decision
structure making
Improving
product
quality
In order for artificial intelligence systems to advance, they must be able to learn.
Machine Learning helps a lot here. Machine Learning is a combination of statistical
and mathematical models that intelligent systems use to perform their tasks. They will
do so without the need for a thorough input [36].
The history of Machine Learning dates way back. In 1952, a computer program
was created that could play a game of draught. In 1958, the first artificial neural net-
work was built. It was a machine learning algorithm which was based on the general
neuron structure of the human brain. Machine Learning evolved over the next dec-
ades. In 1997, IBM created the Deep Blue computer, which successfully defeated the
world chess champion [37].
Machine Learning is a subcategory of artificial intelligence (see Fig.4). It can be
described as a technique for proposing a series of sequential steps to solve a particular
problem (algorithm) that is automatically optimized based on experience with reduced
or no human involvement. These techniques can be used to find patterns in large data
sets from as diverse and innovative sources as possible [38]. Machine learning algo-
rithms are a group of computer algorithms that apply statistical tools to learn from
instances, called "Training data," in an effort to forecast new data, allowing the algo-
rithm to better capture difficult patterns in the data [39,40]. Machine learning algo-
rithms are designed in a way the machine attempts to learn on its own without being
explicitly coded for every individual instruction and relying on human experts [41].
Algorithms "learn" primarily by recognizing patterns based on as much data as possi-
ble. They then analyze the information and find the trends that are involved in it. Fi-
nally, the algorithm is "intelligent" enough to use what it has learned in the new da-
tasets [37].
Artificial
Intelligence
Machine
Learning
Deep
Learning
hance the experience. Deep learning is a subcategory of machine learning and allows
the calculation of a multilayer neural network. It works on the basis of layers and uses
an artificial neural network, a design that is inspired by a biological neural network.
The human brain typically processes the received information and attempts to recog-
nize it based on the past information that the brain has recorded. The brain does this
by tagging and classifying information into different categories in a fraction of a mil-
lisecond. Deep Learning just takes data connections among all the artificial neurons
and modifies them following a data pattern. If the data size is too large, more neurons
are needed. It automatically offers multi-level abstraction learning, allowing the sys-
tem to learn to map difficult features without dependance on any particular algorithm
[41].
Today, e-commerce is one of the industries that uses artificial intelligence to the best
of its ability by creating a huge customer base, trying to understand the needs of cus-
tomers, doing real-time research, coming up with final solutions to problems and
perform many other activities [35].
Table 1 outlines selected studies that focus on the role of Artificial Intelligence and
Machine Learning in E-commerce. It contains authors of the study, objective of the
study, study theme and main findings.
Table 1. Selected studies about Artificial Intelligence and Machine Learning in E-commerce.
[46] and artificial intelligence ap- Business management, include sales growth, profit maximi-
plications in e-commerce, E-commerce and Finance zation, sales forecasting, inventory
corporate management, and management, security, fraud detec-
finance tion, and portfolio management.
Zhang et al. [55] To explain how Artificial Artificial Intelligence in The key Artificial Intelligence capa-
Intelligence technology, peo- E-commerce bilities generated include forecast-
ple, and processes should be ing, planning, and learning. They are
managed to successfully gen- not independent – they cooperate
erate value with human skills to create business
value.
Shankar [56] To present a framework for Artificial Intelligence in Artificial Intelligence will allow
understanding Artificial Intel- Retailing retailers to improve their under-
ligence, outline standing of consumer psychology by
applications of it in various appoximating to what the consumer
aspects of retail and discuss the brain is thinking at any given mo-
perspective of Artificial Intel- ment.
ligence in retailing
Makridakis [64] To present changes caused by The Potential Effects of Relationship between artificial intel-
Artificial Intelligence, con- Artificial Intelligence on ligence and humans will strengthen,
trasts with the industrial revo- Businesses, Manufactur- companies will focus on creating
lution, the effect on developed ing, and Commerce values through collaboration be-
and developing countries, and tween the human workforce and
the dominant firms in Aritficial artificial intelli-gence tools.
Intelligence
Luo et al. [65] To study the impact of Artifi- Impact of Artificial Intel- Prior experience with AI induces
cial Intelligence Chatbot dis- ligence on customer more customer purchases and is
closure on customer purchases purchases helpful in reducing the negative
disclosure effect.
Loureiro et al. To give an insight into the Artificial Intelligence in Future trends in Artificial Intelli-
[68] current state of research in the Business gence are the development of ad-
field of Artificial Intelligence vanced automated systems, integra-
in the business context and tion of neurostimulators and na-
propose an agenda for further nochips into the brain, smart devices
research connected to Artificial Intelligence
systems.
Martinéz et al. To develop machine learning Prediction of online Important characteristics are number
[51] framework for predicting fu- consumer behavior by of purchases, mean time between
ture purchasing Machine Learning purchases, time since last purchase,
mean value of purchase.
Cui et al [52] To develop a good data-driven Prediction by Machine Predicting variables were sales,
model to forecast the quantity Learning time, product features, retailer, pro-
of returned products in the duction process and resources, mul-
future ti-product order and historical re-
turns. Sales are the most significant
variable.
8
Orogun and To develop Predicting model Prediction of online Important predicting attributes are
Onyekwelu [53] of Consumer Behavior in Digi- consumer behavior by invoice number, product code,
tal Market Machine Learning description of product (item) name,
quantity of purchase of each item
per transaction, invoice date and
time of each transaction., unit
price, customer ID and country.
Piramuthu [54] To develop a dynamically Prediction of supply The suggested framework automati-
configurable supply chain chain problems in E- cally shapes the supply chain dy-
framework using Machine commerce namically according to incoming
Learning orders and the constraints from
suppliers upstream.
Digital commerce has evolved over the years, and as customer demand and require-
ments continue to change, the involvement of artificial intelligence is now required.
Artificial intelligence technology is one of the driving forces of innovation in e-
commerce. By introducing artificial intelligence, online stores can not only streamline
the shopping process itself, make it easier for customers and avoid complaints or re-
turns, but also save the cost of running an e-shop. This technology offers a number of
benefits that allow owners to increase their chances of success in the highly competi-
tive environment of a growing number of e-shops [42].
Artificial intelligence can take several forms. When it comes to software artificial
intelligence, AI can take form of so-called virtual assistants, image analysis software,
text analysis software, search engines, and speech and face recognition systems.
When it comes to an artificial intelligence built into material devices, AI can take
form of robots, self-propelled cars or drones [18].
the chatbot is to automatically answer customer queries, react to simple voice com-
mands, and give product recommendations using a natural language processing sys-
tem. Chatbots can also be defined as a type of software application that uses artificial
intelligence to conduct an online conversation via text or voice media with consumers
visiting a given website or application. Chatbots are able to respond to customer ques-
tions and requests, can help consumers find suitable products, check order status,
compare different products and help consumers pay for their orders. In case of com-
plaints or questions, they will direct customers to the customer support service staff
who will take over the issue [15,43,44].
Recommendations Tool.
Using an artificial intelligence algorithm, it is possible to do statistical programming,
forecasting and analyzing the behavior of consumers and huge data sets to anticipate
which products could interest potential customers. From recent searches by prospec-
tive customers, the algorithm can capture key information of the searched product.
The recommendation tool then generates appropriate suggestions for the search en-
gine and displays what will ultimately help customers find the product quicker
[15,45,46].
Increased
conversions
More
Better fraud relevant
detection campaigns
ADVANTAGES
Better FOR RETAILERS Better
customer internal
service efficiency
Better
Better
decision-
personalization
making
Martinez et al. [51] in their study focused on the development of the Machine
Learning Framework, which focused on predicting customers' shopping behavior over
the next month. The main attributes they used were the number of purchases, the av-
erage time between purchases, the time since the last purchase, and the average value
of the purchase. Cui et al. [52] developed a model using Machine Learning, aimed at
predicting future product returns. They examined the variables of sales, time, product
characteristics, vendor, production process and resources, order of several products
and historical revenues, with sales proving to be the most significant attribute. Orogun
and Onyekwel [53] also developed a model for predicting consumer behavior using
Machine Learning. The predictive attributes they used included invoice number, in-
voice date, transaction time, product code, product description, price, customer ID,
and country. In his research, Piramu-thu [54] focused on the development of a model
11
that would use Machine Learning to predict supply chain problems when placing an
order, taking into account the supplier's options.
3 Conclusion
The aim of the paper was to outline the essence of e-commerce, artificial intelligence,
machine learning and the benefits they bring. The paper also provides an insight into
the evaluation of the importance of artificial intelligence, machine learning and their
use in the future in the context of e-commerce based on an overview of available stud-
ies on this issue.
In the current world of commerce and digital technology, people use the Internet
every day, are willing to test new products and brands, but at the same time they are
critical in this regard. In this case, e-commerce seems to be a suitable way to satisfy
their requirements. The use of artificial intelligence and its tools in electronic com-
merce has become the subject of interest of many scientists and business experts.
Previous research has highlighted the need for further research that would contribute
to the development of knowledge and strategies in the application of artificial intelli-
gence in e-commerce. It is expected that artificial intelligence will continue to be used
in electronic commerce and will become an integral part of all e-commerce compa-
nies.
Acknowledgments
This paper is one of the partial outputs under the scientific research grants VEGA
1/0609/19 “Research on the development of electronic and mobile commerce in the
aspect of the impact of modern technologies and mobile communication platforms on
consumer behavior and consumer preferences” and VEGA 1/0694/20 “Relational
marketing research—perception of e-commerce aspects and its impact on purchasing
behavior and consumer preferences”.
13
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