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1
Accelerate Path to
Purchase with
Product Discovery
Garrett Schwegler
Program Manager, Digital Commerce, Lucidworks
Garrett.Schwegler@lucidworks.com
2
3
4
5
6
7
Functional
8
TA KE CO NTRO L O F
ME RCHA NDIS ING
• Disjointed browsing
experiences
• Leading with wrong products
• Impeding the product discovery
journey
9
TA KE CO NTRO L O F
ME RCHA NDIS ING
• Disjointed browsing
experiences
• Leading with wrong products
• Impeding the product discovery
journey
10
TA KE CO NTRO L O F
ME RCHA NDIS ING
• Disjointed browsing
experiences
• Leading with wrong products
• Impeding the product discovery
journey
1111
DO N’ T MA KE YO UR
S HO PPE RS GUES S HOW TO
F IND PRO DUC TS
• 31% of all product
discovery ends in vein
• Hiding products conveys
you don’t sell it
• Avoid contributing to traffic
attrition with poor search
1212
DO N’ T MA KE YO UR
S HO PPE RS GUES S HOW TO
F IND PRO DUC TS
• 31% of all product
discovery ends in vein
• Hiding products conveys
you don’t sell it
• Avoid contributing to traffic
attrition with poor search
13
STO P WA STING YO UR
TIME IN THE DR E DGES
• More resources is not the
answer
• Impact dwindles
• Hundreds of hours wasted
annually without scalability
14
DO N’ T MIS S THE MA R K
O N PE RS O NA LIZATIO N
• 44% of shoppers are frustrated
by personalization fails
• Personalization is polarizing
• Don’t impede path to purchase
15
Deliver the Winning
Experience
16
TA KE CO NTRO L O F
ME RCHA NDIS ING AT S CA LE
• Curate engaging experiences
• Accelerate product discovery
• Drive cart adds
17
TA KE CO NTRO L O F
ME RCHA NDIS ING AT S CA LE
• Curate engaging experiences
• Accelerate product discovery
• Drive cart adds
18
TA KE CO NTRO L O F
ME RCHA NDIS ING AT S CA LE
• Curate engaging experiences
• Accelerate product discovery
• Drive cart adds
19
TA KE CO NTRO L O F
ME RCHA NDIS ING AT S CA LE
• Curate engaging experiences
• Accelerate product discovery
• Drive cart adds
20
TA KE CO NTRO L O F
ME RCHA NDIS ING AT S CA LE
• Curate engaging experiences
• Accelerate product discovery
• Drive cart adds
21
STO P WA STING YO UR
TIME IN THE DR E DGES
• More resources is not the
answer
• Impact dwindles
• Hundreds of hours wasted
annually without scalability
22
HA NDS F R E E S EA RCH
R E LE VA NCY
• Leverage Machine Learning to
analyze and improve
• Review and approve with
broader solutions
• Drive strategic initiatives to
experiment different approaches
23
HA NDS F R E E S EA RCH
R E LE VA NCY
• Leverage Machine Learning to
analyze and improve
• Review and approve with
broader solutions
• Drive strategic initiatives to
experiment different approaches
24
DO N’ T MIS S THE MA R K
O N PE RS O NA LIZATIO N
• 44% of shoppers are frustrated
by personalization fails
• Personalization is polarizing
• Don’t impede path to purchase
25
DO N’ T MIS S THE MA R K
O N PE RS O NA LIZATIO N
• 44% of shoppers are frustrated
by personalization fails
• Top strategy to accelerate path
to purchase
• Impact from recommendations
to recall, relevance, and ranking
26
DO N’ T MIS S THE MA R K
O N PE RS O NA LIZATIO N
• 44% of shoppers are frustrated
by personalization fails
• Top strategy to accelerate path
to purchase
• Impact from recommendations
to recall, relevance, and ranking
27
DO N’ T MIS S THE MA R K
O N PE RS O NA LIZATIO N
• 44% of shoppers are frustrated
by personalization fails
• Top strategy to accelerate path
to purchase
• Impact from recommendations
to recall, relevance, and ranking
28
29
Thank You
G A R R E T T S C H W E G L E R
P R O G R A M M A N A G E R , D I G I TA L C O M M E R C E , L U C I D W O R K S
G A R R E T T. S C H W E G L E R @ L U C I D W O R K S . C O M

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Accelerate The Path To Purchase With Product Discovery at Retail Innovation Conference (RIC20)

  • 1. 1 Accelerate Path to Purchase with Product Discovery Garrett Schwegler Program Manager, Digital Commerce, Lucidworks Garrett.Schwegler@lucidworks.com
  • 2. 2
  • 3. 3
  • 4. 4
  • 5. 5
  • 6. 6
  • 8. 8 TA KE CO NTRO L O F ME RCHA NDIS ING • Disjointed browsing experiences • Leading with wrong products • Impeding the product discovery journey
  • 9. 9 TA KE CO NTRO L O F ME RCHA NDIS ING • Disjointed browsing experiences • Leading with wrong products • Impeding the product discovery journey
  • 10. 10 TA KE CO NTRO L O F ME RCHA NDIS ING • Disjointed browsing experiences • Leading with wrong products • Impeding the product discovery journey
  • 11. 1111 DO N’ T MA KE YO UR S HO PPE RS GUES S HOW TO F IND PRO DUC TS • 31% of all product discovery ends in vein • Hiding products conveys you don’t sell it • Avoid contributing to traffic attrition with poor search
  • 12. 1212 DO N’ T MA KE YO UR S HO PPE RS GUES S HOW TO F IND PRO DUC TS • 31% of all product discovery ends in vein • Hiding products conveys you don’t sell it • Avoid contributing to traffic attrition with poor search
  • 13. 13 STO P WA STING YO UR TIME IN THE DR E DGES • More resources is not the answer • Impact dwindles • Hundreds of hours wasted annually without scalability
  • 14. 14 DO N’ T MIS S THE MA R K O N PE RS O NA LIZATIO N • 44% of shoppers are frustrated by personalization fails • Personalization is polarizing • Don’t impede path to purchase
  • 16. 16 TA KE CO NTRO L O F ME RCHA NDIS ING AT S CA LE • Curate engaging experiences • Accelerate product discovery • Drive cart adds
  • 17. 17 TA KE CO NTRO L O F ME RCHA NDIS ING AT S CA LE • Curate engaging experiences • Accelerate product discovery • Drive cart adds
  • 18. 18 TA KE CO NTRO L O F ME RCHA NDIS ING AT S CA LE • Curate engaging experiences • Accelerate product discovery • Drive cart adds
  • 19. 19 TA KE CO NTRO L O F ME RCHA NDIS ING AT S CA LE • Curate engaging experiences • Accelerate product discovery • Drive cart adds
  • 20. 20 TA KE CO NTRO L O F ME RCHA NDIS ING AT S CA LE • Curate engaging experiences • Accelerate product discovery • Drive cart adds
  • 21. 21 STO P WA STING YO UR TIME IN THE DR E DGES • More resources is not the answer • Impact dwindles • Hundreds of hours wasted annually without scalability
  • 22. 22 HA NDS F R E E S EA RCH R E LE VA NCY • Leverage Machine Learning to analyze and improve • Review and approve with broader solutions • Drive strategic initiatives to experiment different approaches
  • 23. 23 HA NDS F R E E S EA RCH R E LE VA NCY • Leverage Machine Learning to analyze and improve • Review and approve with broader solutions • Drive strategic initiatives to experiment different approaches
  • 24. 24 DO N’ T MIS S THE MA R K O N PE RS O NA LIZATIO N • 44% of shoppers are frustrated by personalization fails • Personalization is polarizing • Don’t impede path to purchase
  • 25. 25 DO N’ T MIS S THE MA R K O N PE RS O NA LIZATIO N • 44% of shoppers are frustrated by personalization fails • Top strategy to accelerate path to purchase • Impact from recommendations to recall, relevance, and ranking
  • 26. 26 DO N’ T MIS S THE MA R K O N PE RS O NA LIZATIO N • 44% of shoppers are frustrated by personalization fails • Top strategy to accelerate path to purchase • Impact from recommendations to recall, relevance, and ranking
  • 27. 27 DO N’ T MIS S THE MA R K O N PE RS O NA LIZATIO N • 44% of shoppers are frustrated by personalization fails • Top strategy to accelerate path to purchase • Impact from recommendations to recall, relevance, and ranking
  • 28. 28
  • 29. 29 Thank You G A R R E T T S C H W E G L E R P R O G R A M M A N A G E R , D I G I TA L C O M M E R C E , L U C I D W O R K S G A R R E T T. S C H W E G L E R @ L U C I D W O R K S . C O M