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)
Section 1:Benefits of AI-Powered Commerce
Section 2:How Top Brands Use Artificial Intelligence
Section 3:How to Use Commerce.AI for Product Ideation, Trend Analysis, and Predictions


In this chapter, you've learned how to use AI to empower your front line, manage your locations, and enhance your service offerings.

By analyzing customer data, you can extract customer affinities, purchase reasons, and challenges. This information will empower your front line to better empathize with and serve your customers. When it comes to your physical locations, you can analyze data around your branch, employees, and service to optimize processes at every level. Finally, you can enhance and even transform your service offerings by identifying growth areas, finding new uses, boosting customer loyalty, and minimizing bottlenecks.

By putting AI to work on your service data, you'll unlock new insights and opportunities for growth, and you'll further differentiate your company in the marketplace. You'll become an AI-first company.

In our next chapter, you'll learn how to apply AI to market intelligence to generate actionable insights that...