Femiza Technologies Private Limited

In their own words

E-Commerce Sector: Globally, the electronic commerce, or e-commerce, market is worth around $22.1 trillion, according to latest UNCTAD estimates. China is the world’s largest business-to-consumer (B2C) e-commerce market, both in terms of sales and in a number of online shoppers, followed by the US and Japan.India, the 10th largest market in terms of buyers, was ahead of Brazil and Russia in per capita e-commerce spend. In 2017, retail e-commerce sales worldwide amounted to 2.3 trillion US dollars and e-retail revenues are projected to grow to 4.88 trillion US dollars in 2021. The top 3 online stores' revenue amounted to almost 100 billion US dollars in 2017. Online shopping is one of the most popular online activities worldwide. AI/MI now days play important role in e-commerce to create more personalized marketing opportunities is by using AI to eliminate redundancies and automate processes. Chatbots, for example, can help businesses save on customer service costs by Speeding up response time. Not only might this lead to cost reductions of up to 30%, but it will also lead to a more customer-centric approach. After all, the freed-up agents will now be able to focus on what they do best: get in touch with their customers in person. Apart from offering customer service, artificial intelligence can enable conversational commerce. This is real-time, the human-style interaction between a consumer and a bot, messenger or voice-chat. Using automated and intelligent services. this leads to higher customer satisfaction and, consequently, more sales. So Femiza Technologies Private Limited aims at revolutionizing the e-commerce space by connecting the offline retail/trade sector with online and making the Omnichannel smooth. Femiza Technology Private Limited: Initially Femiza Started on 24th of July 2016 as an independent E-Commerce shop(www.femiza.com) by Miss Shabnam. Targeting ladies products and to empower women. After the launch, we are working on a revolutionary e-commerce product named by Femiza Technology Pvt. Ltd. which is scheduled to launch on Dec 1 2018. Our Product is a true application of Artificial Intelligence and Machine Learning. About Product: The product is AI/ML and image processing equipped ‘Smart product Upload’ system which will take products in the form of catalogs from different sellers, do all the required processing and upload everything on different destination marketplaces of the seller. The highlight of Product: • AI/ML empowered intelligent & automatic product upload • Sellers don’t need to install a new app. WhatsApp /Facebook-messenger empowered upload • Intelligent regular alerts on WhatsApp /Facebook-messenger for the stock update. Product Components: The whole system consists of the following components, which make for an intelligent and enhanced e-commerce system: • Whatsapp and Facebook bots: To automatically accept data from sellers and dump at some intermediate location. • AI Engine: An intelligent and continuously improving Artificially Intelligent component to automatically process all details. This system extracts all useful info embedded in the messages about the products. It includes product images, description, price, color, discards useless images and text, identifies images of the same product, predicts category, subcategory, collection type of the product. It also automatically creates SEO keywords, description and tags. • Review Portal: Portal to review the extracted information before sending to Femiza Marketplace. The smarter the AI Engine gets the review portal will become obsolete with time for a particular product domain. Useful mostly for training the system for the new domain of products Why Femiza (Product): Due to the complex and time-consuming process of uploading a product on an e-commerce site Millions of offline sellers are not coming to online. Furthermore Existing online sellers facing problem in uploading and managing their shops in results of that they need to engage some manpower to manage their online shops on different e-commerce sites which results in extra cost and hardware. On an average, a seller takes 20-30 mins to upload a product on a marketplace. Our products will reduce this time to 1-2 minutes. Plus, also reduces extra cost. We believe that our product would change the way, how sellers/homepreneurs / small and large businesses sell products online and bring new talents in the market all over the world. Revenue Model: Our product will have to the business model. 1. The subscription model 2. License model

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