visual search & product recognition - irene yu

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How do you quickly find out what you are looking for? Irene Yu, Co-founder, CEO of FindEssence Twitter@Ireneyu05

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Page 1: Visual search & product recognition - Irene Yu

How do you quickly find out what you are looking

for? Irene Yu, Co-founder, CEO of FindEssence

Twitter@Ireneyu05

Page 2: Visual search & product recognition - Irene Yu

Introduction

Irene YuCEO

● Biz Dev Director APAC @Clickky

● Head of Marketing@Viscovery

● Columnist● Girl in Tech 40 under

40 in 2016

© 2016 FindEssence. All Rights Reserved.

Page 3: Visual search & product recognition - Irene Yu

Where can I buy this dress?

© 2016 FindEssence. All Rights Reserved.

Orange? Red?

Pleat?

No sleeves?

With Belt?

Page 4: Visual search & product recognition - Irene Yu

Keyword Search

96.3%

Could not find it within 1.5 mins

Page 5: Visual search & product recognition - Irene Yu

How does it work?

© 2016 FindEssence. All Rights Reserved. Source: m-commerce daily

See/Snap BuyRecommend

Page 6: Visual search & product recognition - Irene Yu

Problems

© 2016 FindEssence. All Rights Reserved. www.madstreetden.com

Conversion Rate?

User Engagement?

Page 8: Visual search & product recognition - Irene Yu

APIUser Case-B2B

M-Commerce

Zalando

© 2016 FindEssence. All Rights Reserved.

Fashion Lifestyle App

Comb

Chatbot

Chatshopper

Page 9: Visual search & product recognition - Irene Yu

Chatbot

Page 10: Visual search & product recognition - Irene Yu

APPUser Case-B2C

© 2016 FindEssence. All Rights Reserved.

ASAP 54

Page 11: Visual search & product recognition - Irene Yu

BenefitUpload Search

© 2015 FindEssence. All Rights Reserved.

Find Similar

Source: Visenze

Recommendation

Find similar

Shop the look

Page 12: Visual search & product recognition - Irene Yu

26-50%

Conversion Rate

Source: O’Neill Clothing Company © 2016 FindEssence. All Rights Reserved.

17%

Avg Order Size

Page 13: Visual search & product recognition - Irene Yu

85%

User Engagement

Source: O’Neill Clothing Company © 2016 FindEssence. All Rights Reserved.

Page 14: Visual search & product recognition - Irene Yu

How to measure ROI?

Key Metrics :● Conversion Rate● Click Through Rate● Basket Size● Product view numbers● Bounce rate and exit rate

Page 15: Visual search & product recognition - Irene Yu

Costs? ● Usage Cost● Integration Effort● Database Maintenance

For example, if I spend $50 and make $75, my net return is $25. ROI % = 25/50 x 100 = 50%

ROI % = (Return – Investment Cost)/Investment Cost x 100

Page 16: Visual search & product recognition - Irene Yu

Why Visual Search Will Become a

Marketing Obsession in the

Coming YearsCES 2016

Wenda Harris Millard, president and COO of

MediaLink

Page 17: Visual search & product recognition - Irene Yu

The intelligent Visual Recognition Platform

Page 18: Visual search & product recognition - Irene Yu

© 2015 FindEssence. All Rights Reserved.

No Cropping Material & Texture

Crop images Material& Texture Categorize

Why are we better?

Auto-Categorizatio

n

Page 19: Visual search & product recognition - Irene Yu

Why are we better?

© 2016 FindEssence. All Rights Reserved.

Snap a Photo

Cropping

Categorization

Cart Abandonment

Recommendation

Page 20: Visual search & product recognition - Irene Yu

Cloud Based API ● B2B SAAS

Model ● Integration

Cost● Customizabl

e● Free Trial

© 2016 FindEssence. All Rights Reserved.

Digital Image Management

Management of images and items are the

competitive advantages in the

future of humanized search technology

Chatshopper, DE

Developer

Startup Enterprise

349€ 79€ 1399€

Page 21: Visual search & product recognition - Irene Yu

Roadmap

Jan Visual search

library

Woman Bag

MarNo cropping Women Shoes/

ClothesRecommendation

feed

Page 22: Visual search & product recognition - Irene Yu

Product Roadmap

AprTest with Chatbot

Shopping messenger

May

Case study

Jun-JulAnalytic toolLaunching

Page 23: Visual search & product recognition - Irene Yu

ThanksAny Questions?

Twitter@ireneyu5Medium@entre_diary

our office

© 2016 FindEssence. All Rights Reserved. 2016-02-21