Developing an AI-driven & Secure Online Marketplace

Local Project Bangladesh Chapter

Coordinated by the Lead of Bangladesh, Juber Rahman,

Status: Completed

Project Duration: 09 Oct 2021

Open Source resources available from this project

Partnership.

LightCastle, https://www.lightcastlebd.com/

Project goals.

Developing an AI-driven & Secure Online MarketplaceThe ProblemRetail e-commerce in Bangladesh is growing at a rate of 72 percent every month. This industry currently employs over 35,000 people and over 25,000 small and medium businesses (SMEs). Up to 2018, there were 2,500 e-commerce business sites and 150,000 e-commerce pages, respectively. Currently, the number of deliveries per day is believed to be between 15,000 and 20,000 [1]. Despite the fact that the e-commerce business has grown over time, it still faces a number of challenges including a shortage of data science and machine learning driven platforms, enterprise applications powered by AI, tools for developing conversation interfaces, etc. Further obstacles include a lack of trust in the e-commerce ecosystem, product quality control and a fear of shopping online. Another important flaw is the absence of a proper procedure for resolving customer complaints. Moreover, there is a reluctance to incorporate banking facilities in the e-commerce industry [2]. As per Statista, Bangladesh is in the 47th position in the world of e-commerce and the share of e-commerce sales is a small percentage of total retail sales of the country.In this study, we aim to analyze the online market places available in Bangladesh e.g. daraz, bikroy.com, chandal, foodpanda, etc. to analyze the currently offered technologies, products, compare prices with physical stores, identify the shortcomings from user reviews, and finally propose a data-driven solution for improving the market places including fraud detection/prevention in the context of Bangladesh.The project results will be made open source. The aim being to help regulatory bodies, policy makers, e-commerce companies, consumers etc. while educating aspiring data scientists in solving real-world problems.The Project GoalsThe goal of the project is to Collect data from online market places in Bangladesh related to product, technology in use, user-reviews, complaints, survey-reports etc. process the data following a systematic methodology, and do exploratory data analysis Develop an AI-driven product and deal recommendation system. outline an AI-driven solution to improve the online marketplace eco-system in Bangladesh.The Learning OutcomesWeb Scraping Data Cleaning Sentiment Analysis Bengali NLP Machine Learning Recommendation System Cyber SecurityThe Tasks & Timeline Week 1: Collecting the data from/about online market places in Bangladesh. Week 2: Conduct exploratory data analysis and sentiment analysis Week 3: Develop a product recommendation/ fraud detection system Week 4: Deploy the recommendation/ fraud detection system and summarize a comprehensive business insights from the study[1] e-commerce-in-bangladesh-where-are-we-headed-1578666791 [2] the-growth-of-e-commerce-during-the-pandemic-in-bangladesh

Project plan.

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