DIY : How Artificial Intelligence is Transforming the Future of Home Improvement Industry?
According to the recent reports from the Fifth Global DIY Summit held last year in Berlin; “the Amazon is soon going to be the market leader in the German home improvement industry, with the involvement of Artificial intelligence, IoT (internet of things) and robots which have become an essential part of an industrial revolution and giving more access to the consumers to work efficiently for their home renovation projects.”
The delegates at the convention keenly observed different aspects of the home improvement industry and discussed various things that can be contributed to the future growth of the home improvement sector. They also talked about multiple trends, techniques, and technologies that will be continued to transform the home industry.
Here is a small overview described after the research of Fifth Global DIY Summit:
Leaving the past behind with technological innovation:
We discussed earlier that Amazon is soon going to take over the brand leadership in the home improvement sector of Europe, and the speed of this transformation is dramatically different. Therefore, it doesn’t matter where your shop/store is actually located, but whether you are ranking on the first page of Google search results. So, in Germany, Amazon will become the market leader only in Germany which is down to the technology and will be focused on customers’ desires.
Voice recognition software that put customers first:
The ‘click generation’ demographic has now been transformed into the special ‘voice recognition’ software which ensures that the customer is put first before anything. According to research, many people in Europe wish that Amazon incorporate a customer-centric organization by realizing customers’ desires. This would be helpful for a customer as whenever he will make a call; the automatic software will understand the requirements and will respond the queries accordingly.
Computer vision- deployed by home improvement experts
Computer vision is another efficient technology that has been deployed by the retailer. Like, there are multiple small cameras that can be mounted at the upper area of the shelves in some high-touch departments, and stream real-time details on the shelf-stock areas. For instance, the technology can easily detect when the hole starts to appear in the roofing section; then the system sends a notification to the main devices, so one of the members of the company can head to the stock room and fix the item within minutes.
Virtual Reality visualization for a clearer vision:
With virtual reality visualization applications, the customers can be able to observe how the products are going to look like in their homes. Companies are working to deliver an immersive virtual reality experience to the users that will allow them to test the power equipment in a real life. The companies utilize their living labs to test their prototype and gather some real-life feedback on all the new experiences they are providing to demystify the home renovation.
Using Artificial intelligence to sharper your website’s search engine:
Another technique is to use AI technology to sharpen the website search engine, so that it may know about “leaky roof damage,” for instance, actually relating to the certain products or the siliconized reflective roof coatings. It’s also possible to input particular AI-driven insights and different results being captured from various searches to offer the consumer a right place. And in order to do it successfully, it’s important to comprehend the human language and finding people on the website search engine who ask different questions as like a real human.
According to the studies, Artificial intelligence is now at the beginning to reshape the future of the home improvement industry. Despite all the progress has made to this date, the AI efforts are still in the very early stages and need more improvement. The research has also revealed the fact that there are only 3% of retail organizations that are completely deploying the tools of artificial intelligence; while there are just 26% of the companies that have become a necessary part of the business. And the majority of the retail companies such as 64% are considering they are quite slow at the implementation of this technology.