Book Image

AI-Powered Commerce

By : Andy Pandharikar, Frederik Bussler
Book Image

AI-Powered Commerce

By: Andy Pandharikar, Frederik Bussler

Overview of this book

Commerce.AI is a suite of artificial intelligence (AI) tools, trained on over a trillion data points, to help businesses build next-gen products and services. If you want to be the best business on the block, using AI is a must. Developers and analysts working with AI will be able to put their knowledge to work with this practical guide. You'll begin by learning the core themes of new product and service innovation, including how to identify market opportunities, come up with ideas, and predict trends. With plenty of use cases as reference, you'll learn how to apply AI for innovation, both programmatically and with Commerce.AI. You'll also find out how to analyze product and service data with tools such as GPT-J, Python pandas, Prophet, and TextBlob. As you progress, you'll explore the evolution of commerce in AI, including how top businesses today are using AI. You'll learn how Commerce.AI merges machine learning, product expertise, and big data to help businesses make more accurate decisions. Finally, you'll use the Commerce.AI suite for product ideation and analyzing market trends. By the end of this artificial intelligence book, you'll be able to strategize new product opportunities by using AI, and also have an understanding of how to use Commerce.AI for product ideation, trend analysis, and predictions.
Table of Contents (17 chapters)
1
Section 1:Benefits of AI-Powered Commerce
5
Section 2:How Top Brands Use Artificial Intelligence
11
Section 3:How to Use Commerce.AI for Product Ideation, Trend Analysis, and Predictions

Summary

As we've seen in this chapter, Commerce.AI's Product AI features make it easy for product teams to explore new ideas, gain insights into user behavior, and pivot rapidly. It can also help teams launch products earlier and with a stronger, data-driven approach.

One of the first places teams should use Product AI is during product discovery. Whether you're working at a small, local commerce firm or an international conglomerate, it may be wise to take some time to understand what customers actually need before diving into developing new features.

Using Commerce.AI's Product AI features during this discovery phase will give you valuable insights into customer needs and behavior, and this can inform both your product strategy as well as your feature prioritization once you have advanced your idea.

Once a product is ready for launch, Product AI can be used to optimize its performance. This means you'll be able to test ideas quickly and with minimal...