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

Managing your locations

Now that we understand how to empower your service's front line, let's take a look at how to manage your store locations. Your store locations are a vital factor in the success of your brand, so it's vital to optimize everything you can for them. In particular, we'll look at the following:

  • Optimizing your branch
  • Optimizing your employees
  • Optimizing your service

These three areas are interrelated, and it's important to optimize them all. Let's look at each in detail.

Optimizing your branch

People post reviews about everything, and retail locations are no exception. With the right approach, you can leverage reviews as a source of competitive intelligence to help you understand what's working well at your stores and how you can make them work even better.

You'll be able to answer questions like these: What do customers like most about your stores? What do they criticize? Are there any common...