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Deep Dives 15 minutes

Innovator Intelligence: Syte — Providing Retailers With AI-Powered Visual Search

Coresight Research

What's Inside

The Internet is where product search starts: Some 87% of shoppers begin product searches online. And, people spend more time than ever on social media – which is boosting the social media:

  • Influencer marketing industry, now estimated to be growing at a CAGR of 56%.
  • Around 8 in 10 US purchases are discovered on social media post.
  • But finding the right product can be challenging if the consumer does not know the search terms: Visual search technology could solve this problem.
  • Visual search technology has evolved and now includes many features that hold the promise of better customer fit – and lower return rates.

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