Industry:
Retail

Recommendation System for Sneakers E-commerce

The Challenge

Creating a cutting-edge platform for sneaker enthusiasts presented a unique set of challenges. At the core of our mission was the ambition to revolutionize the way sneaker aficionados discover, evaluate, and purchase their favorite kicks. The first hurdle was integrating a robust recommendation system tailored to the nuanced preferences of individual users. This system had to be intuitive yet sophisticated, capable of learning from each interaction to refine its suggestions. Furthermore, integrating real-time price prediction posed a significant technical challenge.

 

Another pivotal aspect was the development of a state-of-the-art text-to-image search function. In the sneaker world, where specific designs, colorways, and collaborations hold great significance, a standard search function wouldn't suffice. Our goal was to create a system that not only understands the textual input but also visualizes and matches it with the vast array of sneaker images in our database. This feature needed to be smart enough to interpret various search queries accurately, from specific model names to abstract style descriptions, bridging the gap between imagination and the physical product. Overcoming these challenges was crucial to delivering a seamless and engaging experience, ensuring our platform stands out in the highly competitive sneaker market.

 

The Solution

Our solution to navigating the intricate world of online sneaker retailing is built on three foundational pillars: an advanced recommendation system, a smart search feature, and a comprehensive price prediction model.

  • Advanced Recommendation System: We implemented a machine learning-driven recommendation engine that personalizes the shopping experience for each user. By analyzing browsing habits and purchase history, this system dynamically tailors sneaker suggestions, ensuring that every recommendation resonates with the user's unique style preferences.
  • Smart Search Feature: Our search tool, combining image recognition and natural language processing. It adeptly handles everything from precise model queries to abstract style descriptors, efficiently guiding users to the sneakers they seek. This not only simplifies the search process but also adds an element of discovery and excitement.
  • Comprehensive Price Prediction Model: In the volatile sneaker market, having accurate price insights is crucial. Our price prediction model is fed by a diverse range of data sources beyond StockX, including direct market analytics, historical sales trends, and current demand fluctuations. This approach ensures our users receive the most relevant and timely pricing information, aiding in smarter purchasing decisions.
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The Framework Is
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Results

Since the implementation of these solutions, the impact on our platform and user experience has been remarkable.

Increase user engagement 65%

Our recommendation system has led to a significant increase in user engagement and satisfaction. Customers report finding exactly what they're looking for much faster, and our data shows a notable rise in return visits and longer session durations.

Search time reduction 45%

The smart search feature has revolutionized how users interact with our platform. We've observed a dramatic reduction in search time and an increase in successful search outcomes, indicating that users can find their desired sneakers with unprecedented ease.

Boost sales conversion 230%

With our price prediction model, users are more confident in their purchases. We've seen a substantial uptick in sales conversions, with many users citing the accuracy of our pricing information as a key factor in their decision-making process.

Collectively, these advancements have not only streamlined the sneaker shopping experience but have also positioned our platform as one of the best in the digital sneaker marketplace. Our commitment to innovation and user-centric design continues to drive our growth and success, as we redefine what it means to shop for sneakers online.

Technologies

GPT-3.5 & GPT-4
RoBERTa
Pytorch
HuggingFace
Sklearn
Sentence-
transformers

Guillaume Bouchard

CEO at Checkstep

I highly recommend the LyraTech team for their exemplary work at Checkstep where they showcased great expertise in building AI solutions for content moderation systems. They showed a clear proficiency in designing and fine-tuning LLMs, meticulously evaluating 3rd party APIs to flag online harm, and rigorously testing foundational models. Moreover, their ability to iterate on prompts and professionally present their findings to a large audience significantly contributed to advancing our project

Anna Lytvynenko

Co-founder and CCO of Business Logic Group

Our company is a developer of the proprietary ВР2М platform, which is a solution for commercial performance and planning management. To catch momentum from external AI expertise, we invited Lyratech, led by Kateryna Stetsiuk, for a collaborative workshop with our development team. From the very beginning, Kateryna made the discussions engaging. She shared captivating and systematically structured materials, and with her friendly way of explaining complex things, our team quickly got involved in lively talks, looking at real cases from our work. The collaboration with Lyratech brought quick results: our platform unveiled an AI-driven "Talk-to-Data" feature, which empowered the data discovery and decision-making process.
Our cooperation with Lyratech led to the momentum we require!

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