Business

Automation could be the Answer to Powerful Growth in your eCommerce Business

Published

4 years ago

March 26, 2020

We are in the midst of an ongoing revolution in artificial intelligence, and in automation more broadly. Jobs which were once performed by people are now, increasingly, being performed by machines. And this transition is taking place more quickly with every passing day.

Economic circumstances, like the dip in labour supply following the coronavirus pandemic, might accelerate the pace of change still further – but this is a longer-term transition to an entirely different sort of economy.

Certain sectors might benefit from automation right now. Among these is eCommerce.

What is automation in eCommerce?

Running an eCommerce business relies on many tasks being performed. These can often be repetitive, dull, and time consuming. Tasks of this nature are best left to machines.

What forms might eCommerce automation take?

Marketing Cohesion

The launch of a new product can be a tricky and complicated process. Not only does the product in question need to be added to the storefront; it also needs to be advertised through a diverse range of targeted channels. Automation will remove much of the administrative work from this process, and ensure that errors and downtime are kept to a minimum.

Streamlining Tracking

The modern customer expects packages to be delivered as quickly as possible. But they also expect to be kept informed at every stage of a given package’s progress. If there are hundreds of items out for delivery at any one time, then tracking these might be a full-time job. If there are thousands of them, this might be impossible.

Identifying high-risk orders

Sometimes, your system might receive an order that anyone could recognise as a risk. If dozens, or hundreds, of the same item are to be delivered to a domestic address, then this might be cause for concern. But an artificial intelligence might be able to identify more subtle forms of risk, and pick out potential fraudsters using modelling and statistics.

Warehousing

The Covid-19 pandemic means that warehouse operators will find themselves unable to come into work. This is likely to kick the adoption of robotic alternatives into overdrive. Robotic Process Automation is an increasingly important pillar of the online shopping industry – and it was likely to become ubiquitous even before the intervention of world events.

Shipping Comparison

Settling on just a single courier can often lead to wasted money in the long-term. By instead considering a range of options, you’ll be able to identify the cheapest, and thereby limit your spending on shipping – which will constitute a sizeable portion of your variable costs. You can perform this comparison via services like Parcel2Go.

Identifying high-value customers

A minority of customers can often make up a majority of an e-commerce business’s income. And, in the case of some businesses, this is especially likely. Artificial intelligence allows these customers to be flagged automatically according to pre-selected criteria, so that they can be targeted later by tailored advertising. Retaining these customers can be hugely important for small businesses, particularly during trying economic times.

Business

EFX Algo’s April Ascendancy: Commanding $37.63 Million in Deposits with Profits Soaring to $3.27 Million

Published

20 hours ago

April 30, 2024

Matthew Wiles

As of April 11, 2024, EFX Algo stands out as a formidable force in the automated trading industry, showcasing extraordinary growth with a record-breaking $39 million in deposits across over 520 accounts. This month alone, EFX Algo realized gains of $321.24k, contributing to an impressive yearly profit of $2.75 million, cumulating a total profit of $3.5 million.

This financial technology powerhouse, co-founded by industry leaders Danny Reardon, Bogdan Padua, and Joe Amara, revolutionized the investment landscape by merging advanced technology with deep market insight to deliver a truly automated, hands-free trading experience.

EFX Algo is marking a significant footprint in the financial technology landscape. This article delves into the remarkable achievements of EFX Algo, spotlighting its rapid growth and the exceptional monthly gains that captivate investors globally.

A Financial Phenomenon

EFX Algo began as an idea between co-founders with a shared ambition to democratize the trading market. Today, it stands as a juggernaut in automated trading, having processed over $39 million in deposits across hundreds of accounts. As of recent evaluations, EFX Algo manages these substantial funds and delivers impressive gains, with reports showing an upward trajectory of $1.43 million in profits in just one month.

“We created a platform that exhibits robust performance and reliability time and again,” Reardon said. “I think I speak for all of us at EFX Algo when I say we are proud to show our numbers, because they reflect our aims: Democratized trading profits for all.”

Innovative Trading Strategies and Performance Metrics

At the heart of EFX Algo’s success are its innovative trading strategies, designed to cater to various investor profiles from conservative to aggressive. The platform’s ability to yield consistent returns is evidenced by its performance metrics, boasting gains that significantly outperform traditional investment benchmarks.

“We employ a diversified approach, meticulously back-tested and refined, to ensure stability and growth amidst the volatile financial markets,” said Reardon.

Unparalleled Support and Client Success Stories

Beyond its financial accomplishments, EFX Algo shines in customer support and satisfaction. The platform has been likened to having a personal assistant, akin to ‘Alfred from Batman,’ always ready to assist and enhance the investment journey.

Testimonials abound of users experiencing substantial portfolio growth, with one investor highlighting a 20.5% increase in just four months.

“We care about empowering investors with the tools and support necessary for success,” Reardon shared.

A Transparent and Trustworthy Trading Partner

Transparency and trust form the cornerstone of EFX Algo’s philosophy. Through real-time data verification with Myfxbook, clients and would-be clients alike can independently assess the platform’s performance, ensuring that their investment decisions are based on genuine and untampered data.

“We believe our openness cements our reputation as a reliable partner in the automated trading industry,” Reardon said. “We are building a community of informed and enabled investors.”

A Visionary Leap into the Future of Trading

EFX Algo is a vision realized, transforming the space of automated trading and setting new benchmarks in financial technology innovation. As it continues to grow and expand its horizons, EFX Algo proves to be a gateway to financial equipment and independence. With its impressive growth, consistent performance, and dedication to client success, EFX Algo stands as a paragon of investment excellence, reshaping the future of trading one transaction at a time.

About EFX Algo

Founded by Danny Reardon, Bogdan Padua, and Joe Amara, EFX Algo is an innovative, fully-automated trading bot designed to provide 100% hands-free, high-return investment opportunities by transforming yearly gains into monthly profits, previously exclusive to an educational network and now available to the general public. The software is designed to manage investments and execute trades in the financial markets without the need for manual intervention. For more information, please visit: https://www.efxalgo.com