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

Using Commerce.AI for creative AI

As we've established, creative AI is powered by language understanding, visual understanding, information extraction, and information organization. With Commerce.AI, these components come together to let you generate new product ideas at will.

Commerce.AI's standard analytics include a product leaderboard, graphs of the top products and brands by market share over time, a review breakdown of the top products and brands (by stars), a market landscape graph, and more. The creative AI component uses this data, in addition to selected customer wishlist information, to generate new product ideas. Similarly, you can generate ad copy as well, which is typically a tedious, manual task, that can now be done effortlessly.

As we can see, AI can be creative, and a powerful tool for product teams to expedite their innovation process. Now that we have a background in AI and product ideation, let's use this knowledge to learn how to build, select...