Artificial intelligence is shaping the future of online commerce. One of the most underpublicized trends is the growing role of AI in peer to peer marketplaces. AI is beginning to solve a number of the most pressing challenges in the shared economy industry.
The Evolving Role of AI in Peer to Peer Marketplaces
The online shopping experience has changed remarkably over the past decade. One of the biggest changes has been the sudden popularity of peer to peer marketplaces. A recent study by PWC shows that the market for peer to peer platforms will rise to $355 billion by 2025.
As the growth of peer to peer marketplaces accelerates, some of the shortcomings are becoming more widely understood. A growing number of peer to peer platforms are turning to artificial intelligence to solve these challenges. Some of the problems that AI can solve include:
Helping inexperienced sellers set the right prices for their listings
Detecting and eliminating spam
Removing sellers that use misleading information in their listings
Matching customers with the most appropriate listings
The potential applications of AI are virtually endless. AI will become more important to peer-to-peer platforms as it is more impregnated into their business models. Entrepreneurs aspiring to build a peer to peer marketplace ...
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