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

Chapter 2: Creating Product Ideas

Coming up with great product ideas isn't easy. It's both an art and a science, and those with the ability to come up with great ideas are remembered in history, from people such as Steve Jobs to Mark Zuckerberg.

In this chapter, we'll explore the five pillars of AI, which are driving new and innovative ways to create product ideas: language understanding, visual understanding, information extraction, information organization, and creative AI. Understanding the pillars of AI will help you become more strategic about how you plan, manage, and invest in your AI projects.

For instance, some product teams might like to use AI to generate new product designs, which would focus on the pillar of visual understanding, while others might like to use AI to understand desired customer features that will lay the framework for new products, which would involve pillars such as language understanding and information extraction.

After covering...