Yahoo Adds Shopping Choices
Source: - InternetNews.com
Yahoo Shopping added
two new tools to help consumers find more
things to buy.
Thursday's launch of Yahoo Shopping Gift
Finder aims to expose more of merchants'
inventory to browsers, while making suggestions
more relevant. Yahoo also enabled RSS feeds
for some product categories.
Gift Finder, still in beta mode, is powered
by the ChoiceStream Personalization Platform.
ChoiceStream's software creates and updates
a database of "consumer affinities"
then matches them with products.
ChoiceStream's technology "merchandises"
product inventories based on an individual's
profile and aggregated demographic data.
With Gift Finder, shoppers fill out a short
form characterizing the gift recipient.
The ChoiceStream recommendation engine matches
the data provided with inventory available
and the database of previous choices to
determine which items were most popular
with similar shoppers.
"With most gift sites, you're usually
seeing the usual types of gift items. ChoiceStream
CEO Steve Johnson said. "This is actually
pulling from a huge inventory of gift products,
making most of a merchant's entire inventory
available for gift-buying. Our engine understands
what's giftable and what's not."
For example, the technology wouldn't suggest
a battery for a specific digital camera,
because the recipient would not necessarily
possess that brand. "As the gift buyer
selects a gift to buy, we update the engine
a bit to recognize popular types of gifts
for a particular person," he added.
Johnson said ChoiceStream can expose a lot
more of Yahoo Shopping's 60 million or so
products, resulting in more interesting
and unexpected choices for shoppers and
better sales for merchants.
This is the first major license of ChoiceStream
technology by Yahoo, although Yahoo already
uses ChoiceStream to provide recommendations
for the recently launched My Yahoo Movies.
Also on Thursday, Yahoo enabled RSS feeds
for several shopping categories. Consumers
can sign up to receive feeds via My Yahoo
or third-party RSS readers. They can subscribe
to news for several categories of music,
DVDs and videos, and a variety of consumer
electronics products, such as cell phones,
PDAs, MP3 players and networking equipment.





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