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

Using Commerce.AI for luxury brands

Commerce.AI's solutions help clients gain a competitive advantage by providing them with actionable insights that enable them to make more informed decisions and improve the overall customer experience. This allows brands to connect with their customers in new ways, which in turn drives growth and profitability.

Let's dive deep into four areas where Commerce.AI is used.

Design and user research

Commerce.AI delivers insights into consumer behavior that help companies develop products that are better aligned with changing needs and preferences. Our technology helps brands understand their customers' behavior by learning more about what they buy and how they buy it.

For example, we can help luxury brands such as Gucci or Burberry understand the preferences of their most valuable customers so they can deliver personalized experiences to those consumers across all touchpoints – from product design to shipping and handling...