Algolia’s report in partnership with Escalent reveals how AI-driven search technologies are revolutionising B2B ecommerce strategies, emphasizing digital-first approaches to meet customer expectations and maintain competitiveness.
As the digital landscape rapidly evolves, B2B ecommerce organisations are increasingly turning to advanced technologies to meet the growing expectations of their customers. Algolia’s latest report, conducted in partnership with Escalent, dives deep into the burgeoning role of AI-driven search technologies in shaping the future of B2B ecommerce strategies across the globe. The insights derived from 700 decision-makers illuminate a path towards embracing digital-first initiatives to stay competitive and meet the shifting business models head-on.
In the competitive realm of B2B commerce, Algolia uncovers a significant lean towards scalable ecommerce models. With 69% of respondents eyeing revenue and profitability scale as a core objective for the coming year, it’s evident that the pivot from in-person to online channels is more than just a trend – it’s a crucial business strategy. A notable 53% of those surveyed are keen to shift their revenue streams online, indicating a robust confidence in digital platforms’ ability to attract and retain customers. This shift is not just about expanding reach but also about tapping into the frequent purchasing behavior of online customers, with 58% reportedly making purchases at least once a week.
The quest for differentiation in a saturated market is pushing B2B organisations to rethink their approach to online search functionalities. Around 45% of decision-makers see advanced search capabilities not just as a tool but as a strategy to stand out, while 41% view it as essential for meeting rising customer expectations. The concept of “searchandising,” a blend of search and merchandising, is on the agenda for 43% of businesses looking to leverage search solutions to enhance online visibility and sales.
Further, the report sheds light on the perception gap between B2B and B2C ecommerce enterprises, particularly in adopting AI technologies. B2B organisations are rapidly catching up, with a strong majority (86%) prioritising AI in their search solution strategies. Personalisation emerges as a top motivator for adopting AI search, identified by 46% of respondents, followed closely by the desire to reduce manual labor and improve the accuracy of product discovery. These priorities underscore a growing awareness among B2B decision-makers of the necessity to adopt AI-driven solutions to refine their ecommerce strategies.
Algolia, a front-runner in AI search solutions, is at the center of this transformation. The company services over 17,000 businesses and half a million developers worldwide, showcasing the vast potential and trust in AI-enhanced search technologies to streamline the customer journey. With 1.75 trillion searches facilitated annually on its platform, Algolia stands as a testament to the critical role of AI search in navigating the complex digital marketplace of today.
The B2B Ecommerce Site Search Trends report not only highlights the changing dynamics within the B2B ecommerce landscape but also accentuates the optimism among industry leaders regarding the potential of AI search technologies. As search solutions become increasingly sophisticated, their ability to drive personalization, reduce operational complexities, and enhance product discovery will undoubtedly cement their position as the cornerstone of successful digital-first B2B ecommerce strategies.