35
Supercharging the Future of Retail with Commerce Cloud Einstein Retail Connect | Melbourne

Supercharging the Future of Retail with Commerce Cloud Einstein

Embed Size (px)

Citation preview

Page 1: Supercharging the Future of Retail with Commerce Cloud Einstein

Supercharging the Future of Retail withCommerce Cloud EinsteinRetail Connect | Melbourne

Page 2: Supercharging the Future of Retail with Commerce Cloud Einstein

Florent BenoitPrincipal Success Specialist

[email protected]

Page 3: Supercharging the Future of Retail with Commerce Cloud Einstein

“Artificial intelligence will reach human levels by around 2029. Follow that out further to, say, 2045, we will have multiplied the intelligence, the human biological machine intelligence of our civilization a billion-fold.”Ray KurzweilAmerican Author, computer scientist, inventor and futurist

Page 4: Supercharging the Future of Retail with Commerce Cloud Einstein

What is Einstein, and how does it work?Personalised recommendations based on the Shopper’s preferences and onsite behaviour

Page 5: Supercharging the Future of Retail with Commerce Cloud Einstein
Page 6: Supercharging the Future of Retail with Commerce Cloud Einstein

Product Recommendations for Digital

Leverage Commerce Data• Put the power of retailer’s data in their own hands

Personalise Across Channels

• Seamless shopper experience across mobile, desktop, and store touchpoints

Focus on Your Business

• Simplify merchandising for retailers- no data scientist required

Personalise recommendations across channels

Page 7: Supercharging the Future of Retail with Commerce Cloud Einstein

Building Blocks of PersonalisationOne-to-All > One-to-Some > One-to-One

IndividualizationOne-to-One

SegmentationOne-to-Some

Dynamic Merchandising

Static Content

PersonalisationO

ne-to-All

Predictive Recommendations

Dynamic Customer GroupsSource Code Groups

DynamicSorting Rules

Page 8: Supercharging the Future of Retail with Commerce Cloud Einstein

Commerce Cloud Einstein Data Sources

Product data• Learns about products, attributes, prices,

inventory

Order data• Learns about product relationships

(i.e. which products are bought together)• Learns about user affinity (i.e. who bought what)

Clickstream data• Learns about session behaviour

(i.e. who looked at what)

Page 9: Supercharging the Future of Retail with Commerce Cloud Einstein

How Product Recommendations Work

Shopper comes to site and Commerce Cloud

Engine is called

Engine returns the product IDs

Storefront page displays best product

recommendations

Create & assign recommender

145637

876539

727457

554612

665390

Page 10: Supercharging the Future of Retail with Commerce Cloud Einstein

Benefits of Commerce Cloud Einstein

Tracking & data learning already running (automatically activated after release 16.1)

• Recently Viewed Items

• User ID

Content slot integration• Scheduling

• Customer groups

• A/B Test

• Content vs. Products

• Campaigns

Flexible configuration of rules

Built into the platform

Page 11: Supercharging the Future of Retail with Commerce Cloud Einstein

Type Home Page Footer

Any other page

(Account, Wishlist)

CategoryLanding

Page

Category Grid Page

Product Detail Page Cart Page

Recently Viewed Items

★ ★ ★ ★ ★ ★ ★

Based on all Categories ★ ★ ★ ★ ★ ★ ★

Based on current

Category★ ★

Based on current

Product(s)★ ★

Currently Supported Types and Locations

Page 12: Supercharging the Future of Retail with Commerce Cloud Einstein

Types of Recommenders based on their Location

Type Description Anchor Expected

Typical Placement

Default Strategies

Product to Product Given a product or list of products, recommends similar/related affinity products

Product-id PDP • Customers who viewedalso viewed

• Product Affinity Algorithm

Products in A Category

Given a category, recommends products from within that category

Category-id Category Pages • Real-time personalised• Recent Top Sellers

Products in ALL Categories

Recommends products from across ALL categories

None Home PageAccount PageFooterCartMini-CartWish List

• Real-Time Personalised• Recent top sellers

Recently Viewed Shows products recently viewed by the shopper

None Any Page • Recently Viewed

Page 13: Supercharging the Future of Retail with Commerce Cloud Einstein

Step by Step enablementWhat is required?

Page 14: Supercharging the Future of Retail with Commerce Cloud Einstein

First Step – Data Enablement

Set up your data feeds• Product catalogue feed

• Order history (or legacy sites, store data)

• Clickstream data

The PI engines “digests” your data and uses machinelearning algorithms to process it:

• Collaborative filtering

• Unsupervised, semi-supervised, supervised learning

• Deep learning

The feeds have to be enabled by the Site Administratoron Production

More details in Commerce Cloud Einstein Help

Page 15: Supercharging the Future of Retail with Commerce Cloud Einstein

Optimising Your RecommendationsElaborate a strategy and test, test, test!

Page 16: Supercharging the Future of Retail with Commerce Cloud Einstein

Einstein AB Test Use CasesAlternate Product Recommendations on the PDP

Section Settings

Recommender Type Products to Product

Strategy Primary: Customers who viewed also viewedSecondary: Product Affinity Algorithm

Rule Any Product > DEMOTE > product_type = Match Anchor

Hypothesis Updated recommender will produce more revenue specific to recommendations and increase basket size of global experience.

Enabled Yes

Key Metric Average Units Per Order

Participation Trigger Pipeline Call: Pipeline: Product-Show

Control (50%) Existing slot configuration

Test Segment A (50%) New slot configuration containing new recommender with settings/configurations recommended above

Page 17: Supercharging the Future of Retail with Commerce Cloud Einstein

Einstein AB Test Use CasesProduct Recommendations on the Basket Page

Section Settings

Recommender Type Products in ALL Categories

Strategy Primary: Real Time PersonalizedSecondary: Recent Top Selling

Hypothesis Including recommendations on the basket page increases AOV, but adversely affects Avg. Revenue per Visit.

Enabled Yes

Key Metric Avg. Revenue per Visit

Participation Trigger Pipeline Call: Pipeline: Cart-Show

Control (50%) No recommendation displayed

Test Segment A (50%) Einstein Slot – Products in ALL Categories

Hypothesis Including recommendations on the cart page increases AOV but adversely affects Avg. Revenue per Visit.

Page 18: Supercharging the Future of Retail with Commerce Cloud Einstein

Commerce InsightsCorrelations You Had Not Thought Of

Page 19: Supercharging the Future of Retail with Commerce Cloud Einstein

Discover the previously undiscoverable• Learn from your own Commerce data by

uncovering key product purchase correlations

Plan Store & Site Merchandising Smarter• Discern which products should be grouped

together for product bundles, deals and store merchandising

Truly understand your customers• Dig into purchase patterns to gain true awareness

Commerce Insights

Page 20: Supercharging the Future of Retail with Commerce Cloud Einstein

The Commerce Insights Dashboard has various views:

• First view (previous slide), allows a retailers to choose a key item and see the items most commonly purchased with it.

• Second view (here), allows a retailer to click into that key items and discover additional insights (i.e. correlated products baskets and percentage rates)

Commerce Insights

Page 21: Supercharging the Future of Retail with Commerce Cloud Einstein

Discover Product Sets You Had Not Thought Of

What are Shoppers buying together?

Use Einstein Ecommerce Insights to provide input on set combinations your merchandising team hasn’t thought of – that customers did!

Page 22: Supercharging the Future of Retail with Commerce Cloud Einstein

Create Content to Support Seasonal Trends

Identify Seasonal Trends• Commerce Insights shows a high volume of

baskets with complementary winter camping products

Revisit and Refresh Existing Content• The ”Winter Camping Essentials” story has been

evergreened but obviously people are still purchasing items from it.

Page 23: Supercharging the Future of Retail with Commerce Cloud Einstein

Feedback From Our Customers

Page 24: Supercharging the Future of Retail with Commerce Cloud Einstein

“If you’re not using Commerce Cloud, you’re missing out on quite an opportunity.”Brian Hoven, Global Head of eCommerce, Icebreaker

Icebreaker Uses Einstein to Power Product Recommendations Outerwear and lifestyle clothing – 5,000 stores across 50 countries.

Web site powered by Commerce Cloud with product recommendations from Einstein.

40% more clicks, 11% higher average order value, 28% more revenue from recommended

products.

Page 25: Supercharging the Future of Retail with Commerce Cloud Einstein

Predictive SortPromote the right product, first

Page 26: Supercharging the Future of Retail with Commerce Cloud Einstein

Einstein Predictive Sort – Available now!

Create 1:1 Grid Pages• Personalise search and category pages for every

shopper, anonymous or logged in

Show the Best Products, First• Drive conversion by showing shoppers what they

want, especially in micro moments on mobile devices

Eliminate the Sorting Rule Guessing Game• Increase productivity with easy to use tools in

existing user interfaace

Infuse personalised product assortments into the shopper journey

Page 27: Supercharging the Future of Retail with Commerce Cloud Einstein

How does Predictive Sort work?

With every click, Einstein collects the shopper’s browsing events and updates this shopper’s predictive model, in real-time, to calculate the most relevant products for each shopper.

Activities tracked:• viewCategory

• clickCategory

• viewProduct

The data is then used to re-order the results of site searches or grid pages.

Predictive Sort also available as dynamic attribute for your Sorting Rules.

Page 28: Supercharging the Future of Retail with Commerce Cloud Einstein

Why You Should Use Predictive SortBenefits:

• Personalise search and category page for each shopper (know or unknown)

• Ensures your shoppers see the most relevant products to them, first

• Saves time by enabling sort personalisation within your existing business tools

• Increases revenue by leading your customers down a more direct path to purchase

• No data scientist needed!

• Eliminates time-consuming tasks of merchants determining the right sorting rules for various

customer groups and product categories

Page 29: Supercharging the Future of Retail with Commerce Cloud Einstein

Einstein Predictive SortSteps to enable Predictive Sort on your PIG

Request Participation with your CSM

Data Enablement (if not already done)

Product Grid Template Change

Sorting Rule Configuration & Validation

Use Predictive Sort in your Storefront

Page 30: Supercharging the Future of Retail with Commerce Cloud Einstein

“Predictive Sort eliminates the guessing. Being able to sort products, automatically per customer is huge.”Director ecommerce, CPO Commerce

Predictive Sort at CPO Commerce

America’s leading tool retailer known for offering customers high quality tools at great prices

Goal: Show each customers the best products for them

Predictive Sort ensures that anonymous and known shoppers see the best products in category and search resultsSimple implementation- “less than 5 minutes of work”

Page 31: Supercharging the Future of Retail with Commerce Cloud Einstein

The Future of EinsteinProduct Roadmap

Page 32: Supercharging the Future of Retail with Commerce Cloud Einstein

Forward-Looking Statements

Statement under the Private Securities Litigation Reform Act of 1995:

This presentation may contain forward-looking statements that involve risks, uncertainties, and assumptions. If any such uncertainties materialize or if any of the assumptions proves incorrect, the results of salesforce.com, inc. could differ materially from the results expressed or implied by the forward-looking statements we make. All statements other than statements of historical fact could be deemed forward-looking, including any projections of product or service availability, subscriber growth, earnings, revenues, or other financial items and any statements regarding strategies or plans of management for future operations, statements of belief, any statements concerning new, planned, or upgraded services or technology developments and customer contracts or use of our services.

The risks and uncertainties referred to above include – but are not limited to – risks associated with developing and delivering new functionality for our service, new products and services, our new business model, our past operating losses, possible fluctuations in our operating results and rate of growth, interruptions or delays in our Web hosting, breach of our security measures, the outcome of any litigation, risks associated with completed and any possible mergers and acquisitions, the immature market in which we operate, our relatively limited operating history, our ability to expand, retain, and motivate our employees and manage our growth, new releases of our service and successful customer deployment, our limited history reselling non-salesforce.com products, and utilization and selling to larger enterprise customers. Further information on potential factors that could affect the financial results of salesforce.com, inc. is included in our annual report on Form 10-K for the most recent fiscal year and in our quarterly report on Form 10-Q for the most recent fiscal quarter. These documents and others containing important disclosures are available on the SEC Filings section of the Investor Information section of our Web site.

Any unreleased services or features referenced in this or other presentations, press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase our services should make the purchase decisions based upon features that are currently available. Salesforce.com, inc. assumes no obligation and does not intend to update these forward-looking statements.

Page 33: Supercharging the Future of Retail with Commerce Cloud Einstein

Einstein Search Dictionaries (GA FEB 2018)

Discover Search Gaps Automatically• Uncover gaps between your search settings and

the way customers are searching for products

Seamless and Easy to Use• Fully integrated feature allows you to improve

search results with a few clicks

Never miss a search term again

Page 34: Supercharging the Future of Retail with Commerce Cloud Einstein

Einstein Search Suggestions (BETA Q1 2018)

Show the right product, First• Autocomplete search, tailored to the individual

shopper

Promote search discovery• Power recommended, related, popular, and

recent searches

Anticipate shopper search intent before she/he types

Page 35: Supercharging the Future of Retail with Commerce Cloud Einstein