What is Marqo Ecommerce Embedding Models?
We have launched two foundation models for ecommerce that deliver much higher performance for product search and recommendations. These models outperform those from Amazon, Google, and Cohere, as well as the leading open source models.
Problem
Users struggle with low-performance product search and recommendations models on their ecommerce websites, leading to poor user experience and reduced conversion rates.
Solution
A new foundation model for ecommerce that significantly improves onsite product search by 31%, outperforming models from Amazon, Google, Cohere, and other leading open source models.
Customers
Ecommerce managers, online retailers, and businesses looking to enhance their website's product search and recommendation capabilities to boost user experience and increase conversion rates.
Unique Features
Outperforms models from established tech giants like Amazon and Google, high-performance foundation models exclusive for ecommerce, significantly better product search and recommendations performance.
User Comments
Superior performance compared to existing models
Drives higher engagement and conversions on ecommerce websites
Greatly improved user experience
Easy to implement and integrate
Impressive results in boosting sales and customer satisfaction.
Market Size
The global ecommerce software market size was valued at approximately $6.53 billion in 2020 and is projected to reach $16.5 billion by 2027, growing at a CAGR of 12.4%. In the US alone, the ecommerce industry reached $791.7 billion in 2020, with a significant portion focused on optimizing user experience and conversions through advanced technologies like AI-powered search and recommendation models.
