eCommerce

By: Reflektion • December 2, 2019

eCommerce, also known as electronic commerce, digital commerce, or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. eCommerce is often used to refer to the sale of physical products or services online, but it can also describe any kind of commercial transaction that is facilitated through the internet. eCommerce enables businesses to buy or sell products at a global scale, twenty-four hours a day, without incurring the same overhead as running a brick and mortar store. There are various types of eCommerce models:

  • Business-to-business (B2B) eCommerce refers to the electronic exchange of products, services or information between businesses rather than between businesses and consumers.
  • Business-to-consumer (B2C) is the retail part of eCommerce on the internet. B2C commerce occurs when businesses sell products, services or information directly to consumers. 
  • Consumer-to-consumer (C2C) is a type of eCommerce in which consumers trade products, services and information with each other online. 

Consumer-to-business (C2B) is a type of eCommerce in which consumers make their products and services available online for companies to bid on and purchase. This is the opposite of the traditional commerce model of B2C.

Reflektion
Reflektion

Reflektion’s AI-powered personalization platform listens to the behaviors of each individual shopper, utilizes Artificial Intelligence to calculate their preferences and intent, and then responds to every moment-to-moment interaction by displaying the most relevant content and products in real-time and across the digital touchpoints that matter most—including preview and site search, product recommendations, category and landing pages, and email.

Leading retail brands such as Hanes, Marmot, Skechers, and Ulta rely on Reflektion’s platform.

Founded by pioneers in Artificial Intelligence and awarded both the Best eCommerce Solution and Best Overall Business Technology Solution by SIIA in 2019, Reflektion combines individual shopper insights, product intelligence, and AI to create more relevant and impactful eCommerce experiences.