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AIB Project

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0% found this document useful (0 votes)
36 views18 pages

AIB Project

Uploaded by

somaninitesh123
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Framing the Future

Lenskart's AI-AR
Revolution in Eyewear
About Us
Founded in 2010 by Peyush Bansal, Amit Chaudhary,
and Sumeet Kapahi, Lenskart is a leading eyewear
retailer and manufacturer in India. The company has
over 1,000 stores nationwide, combining online and
offline retail through an omnichannel approach.
Lenskart is known for its innovative use of Artificial
Intelligence (AI) and Augmented Reality (AR) in
eyewear retail. Key offerings include eyeglasses,
sunglasses, and contact lenses, along with services
like home eye check-ups and virtual try-ons. The
company's mission is to revolutionize eyewear
purchasing in India with high-quality, affordable
products and cutting-edge technology, setting new
standards in customer experience and convenience.
AI in Eyewear Retail
AI is transforming eyewear retail by enhancing
customer experiences and optimizing operations.
Personalized shopping is driven by AI
recommendations and AR virtual try-ons, allowing real-
time frame fitting. AI also improves inventory
management through demand prediction and stock
optimization. AI-powered chatbots offer 24/7 support,
and targeted marketing boosts engagement and
conversions. Lenskart exemplifies this with its AI-driven
virtual try-on and recommendations, enhancing
customer satisfaction and sales. However, challenges
like data privacy, implementation costs, and technical
expertise remain. Overall, AI offers significant
opportunities for innovation and efficiency in eyewear
retail.
Lenskart's AR/VR Campaign
Goals and Objectives
Enhance online Increase customer
01 shopping experience 02 engagement and time
through immersive spent on app/website
technology

Reduce return rates due Drive higher conversion


03 to style mismatch 04 rates and average order
value
AI TECHNIQUES AND TOOLS USED

Augmented Reality (AR) for


virtual try-ons and 3D Computer Vision for
modeling for accurate frame facial feature recognition
representation

Machine Learning for Use of Chatbots to


frame recommendations interact with customers
Home Service About Us Contact Search . . . .

HOW LENSKART AR WORKS


Facial scanning and
01
measurement

02 3D modeling of glasses

Real-time rendering of frames


03
on user's face

Allowing users to view frames


04
from different angles
Leveraging Data and Analytics

User behavior data Product data Contextual data Sentiment Analysis

Browsing history: Frame Styles: Identifies Device Type: Optimizes Monitors customer
Aiding in personalized trending frames. user interface for devices. feedback to adjust
recommendations Pricing: Utilizes dynamic Time of Day: Times strategies and improve
Try-on patterns: pricing based on demand. marketing messages satisfaction.
Informing customer Popularity: Promotes top- effectively.
Preferences selling items.
PERSONALIZATION IN LENSKART'S AR/VR CAMPAIGN

Personalized
Employ AI-powered recommendation
promotions
systems to suggest products.
based on user
preferences and
behavior

Customized AR
Utilize computer vision and augmented experiences for
reality techniques to overlay virtual frames. different product
categories.

Tailored frame
Leverage AI and facial recognition recommendations
technology to accurately analyze a based on face
customer's face. shape
Benefits of AI in Lenskart's
Campaign
Improved customer satisfaction and confidence
01 in online purchases.

02 Reduced return rates and associated costs

03 Increased average order value

Enhanced brand differentiation in competitive


04
market

Data-driven insights for product development and


05
inventory management
CHALLENGES FACED

1 2 3 4
Technical Ensuring accurate Privacy concerns User adoption and
limitations of AR on representation of regarding facial learning curve for
some mobile frame colors and data collection new AR features
devices materials and usage
INDUSTRY COMPARISON
Warby Parker: Similar to Lenskart, Warby Parker uses
virtual try-on and personalized recommendations.
Comparing both can highlight differences in AI
implementation and customer engagement strategies.

Zenni Optical: Another competitor using AI for personalized


marketing and virtual try-ons. Comparing their approaches
can provide insights into industry standards and
innovations.

Lenskart's approach: More advanced AR with precise


measurements and wider frame selection
Case Study: Customer Experience

User Journey Through Impact on Decision- Customer Testimonials


AR Features Making Process and Feedback
Increase in app/website Higher conversion rates
engagement time for AR-enabled products

Impact on Business Metrics

Reduced Operational
Growth in customer
Costs and
acquisition
reduction in
and retention
return rates
ROI AND BUSINESS IMPACT

Positive impact on
Increase in overall revenue Enhanced inventory turnover
Lenskart's market share in
from online channels rates
Indian eyewear market
AREAS FOR IMPROVEMENT
Addressing
privacy concerns
with transparent
data policies

Enhancing AR
accuracy for
complex frame
designs

Expanding AR
features to
more product
categories
FUTURE ENHANCEMENTS AND
RECOMMENDATIONS

1. AI-powered eye health


recommendations
2. Collaborative virtual try-ons for
social shopping experiences
3. Expansion of AR features to in-
store kiosks for omnichannel
consistency
4. Development of a virtual stylist
using AI for personalized
consultations
Wardiere Inc. Home Service About Us Contact Search . . . .

Thank You
For Watching
www.reallygreatsite.com

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