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Home » Blogs » Think Tank » How 3D Visuals and AI-Based Analytics Benefit Retail

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How 3D Visuals and AI-Based Analytics Benefit Retail

A MAN AND A WOMAN DELIGHTEDLY OPEN GIFTS IN FRONT OF A CHRISTMAS TREE968.jpg

Photo: iStock.com/Jelena Danilovic

February 28, 2024
Kosta Popov, SCB Contributor

Innovative technologies can transform the way businesses interact with customers and stay ahead of the competition in today’s fast-paced retail landscape. Two key technologies that have gained significant traction in recent years are 3D product imaging and artificial intelligence-based analytics. By harnessing the power of these cutting-edge tools, retailers can realize a myriad of benefits, from enhancing customer engagement and personalization to driving sales growth.

The amount of time a customer spends on a product page directly influences their purchasing decisions. Research has shown that the highest probability of making a purchase occurs when a person spends approximately 50 seconds on a product page. However, Google Benchmarking has revealed that the average time spent on e-commerce websites was just 38 seconds in 2019. So how can retailers improve time on page in order to boost sales?

Most experts agree that providing engaging and interactive visual content is the key to increase the average time on a product page. This is where 3D product visuals come into play. The average interaction time with a product's 3D image is 15-30 seconds, depending on the product category. As a result, the average time on a product page increases by 40%, reaching the desired 50-60 seconds associated with the highest possible purchase probability. 

Visual information holds immense importance for customers, with 59% considering it the decisive factor when making a purchase. In terms of importance for the buyer, it ranks even higher than both product description and price. However, traditional 2D photos lack interactivity and fail to engage customers effectively. The same is true for video. A staggering 95% of shoppers find product pages with interactive 3D visuals to be more captivating than those featuring product videos.

Unlike photos and videos, 3D visuals offer full interactivity, enabling customers to explore items from every angle and zoom in to examine intricate details. This immersive experience closely resembles real-life inspection, empowering customers to make confident purchases with a comprehensive understanding of product quality and features. Results show a remarkable 33% improvement in client experience, 23% enhancement in product perception, and 29% increase in deliberate purchasing behavior.

AI offers significant advantages to retailers, improving efficiency and customer satisfaction. Many brands utilize AI to predict customer preferences and create personalized marketing strategies. AI-powered chatbots are available 24/7, providing prompt customer service and resolving inquiries efficiently. Additionally, AI plays a crucial role in protecting businesses from fraud by monitoring transaction activities closely.

Moreover, AI can enhance the advantages of immersive tech applications, enabling brands to elevate both customer experiences and product offerings. Some tools for 3D content production come with AI-based analytics, helping brands to measure consumers’ engagement with the immersive content (for example, rotating the item or zooming in.). Online retailers can use AI-based analytics to study customer interactions with 3D content and conduct A/B testing. This means of visual testing is indispensable when it comes to designing product packaging.

The integration of detailed 3D product visuals elevates the online shopping experience, enabling consumers to immerse themselves in products and make more informed purchasing decisions. This heightened engagement on product pages translates into increased confidence and ultimately drives more sales. Additionally, AI plays a pivotal role in personalizing marketing strategies and products. By combining these technologies, retailers can deliver a seamless and personalized shopping experience that not only boosts sales, but also cultivates lasting customer relationships. 

Kosta Popov is chief executive officer and founder of Cappasity.

Artificial Intelligence Consumer Packaged Goods Retail

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