NEWS
Alibaba . com witnesses notable increases in US based SME buyers during annual March Expo
US SMEs are increasingly turning to online B2B marketplaces to create their own distinctive products , says Alibaba . com
The strong demand on the Alibaba . com platform in the US reflects a broader shift toward online sourcing for US-based SMEs .
The leading platform for global business-to-business ( B2B ) e-commerce , has seen a 14 % increase in the number of active B2B buyers across the US between March 1 and March 18 during this year ’ s March Expo – Alibaba . com ’ s annual online trade fair that connects buyers and sellers from around the world to help them discover new products , services and possibilities to grow their business .
A recent survey conducted by Alibaba . com , which included input from over 500 U . S . business owners and decision-makers , revealed that 66 % of respondents are planning to boost their engagement in online cross-border purchasing .
Along with the increase in active buyers in 2024 , Alibaba . com has seen 10 % year-over-year growth in the average daily transaction volume for the US market for the same period ( March 1 – 18 ) versus last year .
The year-over-year increase in active buyers and average daily transaction volume comes as small and medium-sized enterprises ( SMEs ) explore opportunities to source more efficiently and costeffectively while navigating macroeconomic uncertainty , supply chain pressures and a consumer market that prioritizes delivery speed .
“ Alibaba . com remains committed to delivering efficient , costeffective solutions to small and medium-sized businesses for all of their sourcing needs ,” said Rah Mahtani , Head of Marketing for North America , Alibaba . com .
Nintex introduces AI-powered automation capabilities to improve organizational efficiency
Nintex has announced new generative AI-powered product capabilities designed to simplify how customers build and translate content as part of automated workflows .
Also new to the platform is Nintex Assistant , an intelligent chatbot that provides customers with just-in-time information based on their natural language questions .
RPA , natural language processing and more to speed up core business process automation .
Popular Nintex features like the Intelligent PDF Converter in Nintex Automation Cloud and the automated Workflow Generator demonstrate the long-standing commitment to AI making it easier for non-technical teams to deploy high-powered automation .
Nintex has pioneered the use of AI within its automation platform for years , embedding advanced technologies such as computer vision ,
The latest features showcase the role of generative AI in powering process automation and making it much easier for customers to design on Nintex Process Platform . It also forms the first release in a series of AI-powered capabilities being added throughout the platform .
“ Every business is on a mission to eliminate manual , repetitive tasks and streamline organizational processes . Now , our customers can strategically integrate advanced AI technologies into their daily operations through straightforward , practical solutions within the Nintex Process Platform ,” said Niranjan Vijayaragavan , CPO , Nintex .
Niranjan Vijayaragavan , CPO , Nintex
“ For every business , adopting generative AI into its workflow will be an ongoing , staged effort . Automation , fundamentally an AIdriven effort , is essential to deriving value from these generative AI initiatives . It creates the foundation for our customers to leverage generative AI for increased organizational efficiency .”
www . intelligentcio . com INTELLIGENTCIO NORTH AMERICA 11