Amazon Business’ Post

Stay Ahead in AVNs by Aligning with Amazon's Focus 🎯 Amazon’s core incentives have shifted significantly over the past years. To help brands pin down the retail giant’s focus, Adam Ziemba breaks down the key insights from Amazon CEO Andy Jassy's shareholder letter: ✔️ Profitability through cost-cutting ✔️ Enhanced customer experience via new algorithms and Generative AI ✔️ Faster deliveries with a regionalized fulfillment network ✔️ Innovation for consumers and vendors 🔗 Watch the full webinar ➡️ https://hubs.li/Q02nnD2h0 📄 Read the recap on our website ➡️ https://hubs.li/Q02nnqj70 #Amazon #VendorStrategy #EcommerceSuccess #AVN

Top Trends for Financial Services 2024, according to Amazon Q !!! Capturing value from data and AI Not only financial institutions, but every enterprise is taking seriously their data. Leverage data was one of the names I first came up to for Data-pulley, but it was already taken. I came with pulley since it's a very interesting device to apply force in the desired direction 😎 Let's get updated and make our data the most valuable resource!

The Best is Yet to Come for Amazon: Positioning as an AI Player and Benefiting from GenAI Adoption 💪💼🌱 Summary: Amazon, the e-commerce behemoth, is poised to enter a new era of growth and innovation as it positions itself as a prominent player in the field of artificial intelligence (AI). With the growing adoption of GenAI (General Artificial Intelligence) across various industries, Amazon is well-positioned to capitalize on this trend and unlock incredible value for its shareholders. As a leader in e-commerce, Amazon has already harnessed the power of AI through its highly sophisticated recommendation algorithms and voice-enabled virtual assistant, Alexa. However, the company's ambitions go far beyond that. By investing heavily in research and development, acquiring cutting-edge AI startups, and expanding its talent pool, Amazon is gearing up to revolutionize sectors such as healthcare, logistics, and smart homes. With the increasing importance of Health Savings Accounts (HSAs) in managing healthcare expenses, investing in companies like Amazon offers a unique opportunity for HSA account holders to grow their funds while supporting the growth of innovative healthcare solutions. By combining the power of technology with healthcare expertise, Amazon aims to transform the delivery of medical services and improve patient outcomes. Don't miss out on the exciting journey that lies ahead for Amazon and the potential it holds for your HSA investments. Seize the opportunity to invest in a company at the forefront of AI advancements and healthcare innovation. Act now to tap into the future of health, wellness, and financial growth. #HSA #Investing #Healthcare #Health #Family #Wellness 🚀💰💡

Andy Jassy, Amazon CEO, this morning on CNBC: “People have moved from largely trying to save costs to figuring out how to modernize their infrastructure again…to think about how to use generative AI to change their business.” “AI will transform every customer experience that we know.” While I can hear your eye-rolls from here - this is not another AI post. What I found notable about Andy Jassy’s comments this morning, is that businesses are coming out of the “cutting-costs to bare bones” phase of expense management. Even Amazon wasn’t immune to customers down-sizing their AWS contracts. However, sentiment is turning back to opportunity and growth. This is good news for companies that were able to successfully navigate the last 18 months of moving from growth-at-all-costs to profitability-at-all-costs. For B2B marketers, it’s time to pay close attention and listen to your customer’s latest business priorities. It’s time to be adaptable, not fixed in your messaging and approach. These are positive signals - take it as a sign to double-down on staying close to your customer as we all navigate these notable shifts. #b2bmarketing #GTMstrategy #customerinsights

Discover the intricacies behind Amazon's AI-driven rating systems and their battle against fake reviews. Dive deep into the role of AI in understanding customer sentiments and enhancing the online shopping experience. From the mysteries of star ratings to innovations in customer reviews, explore how Amazon is revolutionizing the eCommerce landscape. https://lnkd.in/gEvv6P3f #Amazon #AI #Ratings #Reviews #eCommerce #VerifiedPurchase #CustomerExperience #MachineLearning #ProductReviews #FutureOfRetail #Amazon #AI #Ratings #eCommerce #Reviews #Innovation #Verified #Shopping #Insights #MachineLearning #CustomerExperience #Retail #Online #Products #Revolution #Sentiments #VerifiedPurchase #Future #Wonder #Discovery

Amazon has launched a 'Private Investigator' to flag damaged products even before they reach the customer! Is this a game-changer for sellers? This new AI model, 'Private Investigator,' identifies products with defects before they ever leave the warehouse. By doing so, it enhances the customer experience by ensuring that no defective products are delivered Ultimately reducing the rate of returns due to wrong sizes, product defects, and more. Does this mean sellers will benefit from fewer returns, saving on costs, and potentially boosting ratings that might have been compromised by product defects? What do you guys think? #AmazonSellers #FBASellers #AmazonAI #PrivateInvestigator #AmazonUpdates

Insider. has skyrocketed up the Best Software Product Charts to take the #5 position, with the most #1 rankings, according to @G2. This recognition underscores our commitment to innovation and solving the most pressing challenges faced by marketing and CX leaders.  Our first-half 2024 updates include: 💥 Welcoming 290+ new customers and expanding its global partnerships 🎉 The latest product developments in #AI, #ConversationalCX, #SearchMerchandising, and #CDP for enterprise-grade customer journey orchestration. 👯 New and improved integrations with @Snowflake, @Census, and @Amazon Simple Storage Service (S3), to help marketers create their ideal ecosystem. 📰 Read all the latest news at > https://bit.ly/468ahkl

💰With the potential to generate tens of billions in revenue, AI is emerging as a key player in Amazon's future growth. Not surprisingly, all tech giants are getting ready to invest billions of dollars in AI in anticipation of future returns. In this episode, Annie Palmer and Rohit Kulkarni explore the ways in which Amazon plans to leverage AI, not only for operational efficiencies but also for creating new revenue streams. Tune in! 👉 https://lnkd.in/ghcv9uJm #AI #amazon #tech #amazonseller

I hear you about today’s AI being overhyped, but let’s take a trip down memory lane with Amazon versus Sears just before the dot-com bubble burst. (Sears was once a retail innovator with its famous catalog!) 📉 Sears’ annual revenue (1998-2000): ~$40B 📈 Amazon’s annual revenue (1998-2000): Under $3B Fast forward to 2018: 📉 Sears’ last full year of revenue before bankruptcy: ~$17B 📈 Amazon in 2018: $233B (and for FYI, Amazon in 2023: ~$575B) Standing here two decades later, was eCommerce overhyped? 🤔 #AI #TechBubble #Innovation #CFO #BusinessStrategy #TechTrends https://lnkd.in/gTzFGY24 Source for Sears 1998-2000 revenue: https://lnkd.in/gWNB54u5

Good news for #procurement?!? Yes, you read that right. So what is it? In the Amazon Business 2024 State of Procurement Report, 53% of respondents say their procurement budgets will be higher in 2024 compared to 2023. Additionally, 98% of respondents are planning investments in analytics and insights tools, automation, and AI for their procurement operations in the next few years. Will 2024 be the year of #procuretech? 🔮 psst, psst, sell-side SIG|ORG members 🤫👂 44% of respondents listed efficiency and complexity as a challenge facing procurement. They’re ranked as the No. 1 challenge today. Can your solution help? #sourcingandprocurement (Amazon Business 2024 State of Procurement Report The Trends Shaping the Future of Business Buying 👇)