December, period of winter holidays, brings to the shops online sales 28% higher than in the annual monthly average, according to a study made by a platform SaaS based on Artificial Intelligence (AI)."The Christmas holidays are a new peak shopping period in eCommerce. And this time, we looked at a representative sample of online stores, and the measurements show an overall sales increase of 28%. What we see differently from Black Friday, another peak period we just passed, is a greater focus on furniture, equipment and accessories, and a reduction in growth for a key Black Friday area, the electronics category," says Vlad Marincas, CEO and co-founder of Aqurate. The top 7 online sales growth categories in December were: furniture (+58.8%), equipment and accessories (+53.4%), children and baby products (+50.9%), books and multimedia (+48.8%), arts and entertainment (+27.8%), food, beverages and tobacco (+27.6%) and electronics (+23.5%). According to the press release of the company, Aqurate helps with the collection of data with which the users of online shops interact, and the introduction of the data in the browser of products recommendation. The AI solution is based on the analysis and interpretation of huge volumes of data regarding the behavior of the clients – products bought, clicks, products in the basket and others. This compares the similar actions of different users and estimate, through AI, what would be interesting for each user.Aqurate Personalize increases income from Commerce by 23% through product recommendations AI generated, personalised to each visitor of the sites. The service increases both the conversion rate from eCommerce and the average value of the order.In the first month of the year, Aqurate announced that they surpassed 1,600,000 orders processed through online shops which use its AI product recommendation algorithm.
Romanian prosecutors at the Directorate for Investigating Organized Crime and Terrorism in Bucharest, or DIICOT, expanded the investigation into the defunct real estate developer Nordis, after receiving 300 new complaints from victims, Digi24 reported. Nordis, a premium developer, allegedly collected...
Foreign minister Oana Țoiu conveyed Romania’s offer to host the EU Maritime Security Hub during the Ministerial Meeting on Security and Trans-Regional Connectivity in the Black Sea region, organized on the sidelines of the Foreign Affairs Council on Monday, October 20. The meeting represented a first opportunity for an in-depth high-level discussion regarding the implementation […]
More than half of Romanians (55.6%) believe that modern technologies such as 5G and artificial intelligence (AI) are being used to manipulate the population, while nearly 60% think pandemics and economic crises are part of secret plots by global powers, according to a new survey by polling agency Inscop, as quoted by Biziday.ro. The
Romanian president Nicușor Dan said he would like to run for a second term “in principle,” in an interview given on Monday, October 20. However, he noted that it is too early to make a decision. Dan said he would need another 5-year term, aside from the one just beginning, because it takes time to accomplish things. […]
Romanian state-owned railway operator CFR announced on Tuesday, October 21, the cancelling of around 70 trail routes across the country due to debts of RON 100 million (EUR 20 million). The company failed to pay railway usage fees. Initially, CFR SA announced that 37 trains will be temporarily suspended, only to later increase the figure. The […]
The Romanian Intelligence Service (SRI), in cooperation with national and international partners, has foiled a sabotage operation allegedly orchestrated by Russia on Romanian territory, the agency announced on Tuesday, October 21. According to SRI, the planned attack involved two Ukrainian citizens acting under the direct coordination of Russian intelligence operatives. The pair...
