AI-powered B2B sourcing engine by Alibaba
Letztes Update: 27. August 2024
Alibaba International introduces a groundbreaking AI-powered B2B sourcing engine set to debut in September. This innovative tool leverages advanced AI to revolutionize procurement for SMEs, offering intuitive and highly efficient global sourcing solutions.
Alibaba Unveils the World's First AI-Powered Conversational Sourcing Engine
Alibaba International has announced the launch of a groundbreaking AI-powered conversational sourcing engine, set to debut this September. This innovative sourcing engine aims to revolutionize the global procurement process for small and medium-sized enterprises (SMEs), making it more intuitive and highly efficient.
A Sourcing Engine for B2B E-Commerce
The new sourcing engine from Alibaba International leverages the latest advancements in AI technology and is tailored for B2B e-commerce. It synthesizes vast amounts of information, interprets procurement needs using natural language processing, matches buyers with products and suppliers with unprecedented accuracy, and offers advanced tools for seamless sourcing decisions.
Developed based on over a billion product listings and industry-specific knowledge accumulated on Alibaba platforms and beyond, this conversational sourcing engine is designed to overcome the complexities of traditional B2B e-commerce navigation. This innovative solution addresses the inefficiencies of conventional search methods, which are often time-consuming, require manual effort, and involve tedious data categorization processes just to find suitable business partners and products.
Revolutionizing Procurement with Advanced AI for SMEs
Kuo Zhang, President of Alibaba.com, explained in media interviews in Paris during the Olympic Games, "Traditional search engines rank the relevance of web pages based on linkages, credibility, and advertising spend. In the age of artificial intelligence, the B2B search engine offers an intuitive and organic way to query and quickly and accurately match buyers and sellers based on their proven track record."
A Completely New Experience for Global B2B Trade
Unlike traditional search methods, where buyers and sellers sift through web pages and manually compile information, Alibaba International's new AI-powered sourcing engine will redefine the user experience in global trade. Highlights of the new sourcing engine include:
- Advanced natural language processing to understand and interpret procurement needs.
- Accurate matching of buyers with products and suppliers based on extensive data analysis.
- Seamless integration with existing procurement processes for enhanced efficiency.
Continuous Efforts in AI
Last November, the Alibaba International Digital Commerce Group introduced its generative AI toolkit named "Aidge," which is now utilized by around 500,000 merchants, with daily API usage reaching 50 million calls. The AI is deployed in over 40 e-commerce scenarios, including refining product listings, marketing, customer service, and automation, significantly improving content quality, click-through rates, conversion rates, and customer satisfaction. Notable features include a virtual try-on tool for clothing and a 24/7 AI customer service function, which boosted AliExpress Choice's pre-sale inquiry conversion rates by 29% in June.
Since April last year, Alibaba International has assembled an AI business team of 100 experts and continues to recruit new members.
About Alibaba International Digital Commerce Group
The Alibaba International Digital Commerce Group is committed to advancing the development of global digital commerce with AI-powered technology. It operates various platforms with different business models, covering multiple countries and regions worldwide.
Implications for SMEs
The introduction of this AI-powered B2B sourcing engine is particularly significant for SMEs. Traditionally, smaller enterprises have faced numerous challenges in the procurement process, including limited resources, time constraints, and the difficulty of navigating vast amounts of information to find the right suppliers and products. This new engine promises to level the playing field by providing SMEs with the tools they need to compete more effectively in the global market.
By leveraging AI to streamline and enhance the procurement process, SMEs can expect to see improvements in efficiency, cost savings, and overall competitiveness. The ability to quickly and accurately match with suppliers and products means that SMEs can focus more on their core business activities and less on the often cumbersome procurement process.
Future Prospects
The launch of Alibaba's AI-powered conversational sourcing engine marks a significant milestone in the evolution of B2B e-commerce. As AI technology continues to advance, we can expect to see even more sophisticated tools and solutions that further enhance the procurement process. For SMEs, this means staying ahead of the curve and leveraging these innovations to drive growth and success in an increasingly competitive global market.
In conclusion, Alibaba's new AI-powered B2B sourcing engine represents a major leap forward in the world of global trade. By harnessing the power of AI, this innovative solution promises to transform the procurement process for SMEs, making it more efficient, intuitive, and effective. As the technology continues to evolve, the future of B2B e-commerce looks brighter than ever.
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