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

Summary

In this chapter, we've explored how AI has the potential to help luxury brands overcome key product-related challenges, including brand and social media management, meeting eccentric customer preferences, and standing out amid an increasingly competitive market.

In a traditional product intelligence environment, analysts must manually sort through copious amounts of data to find market opportunities, analyze competitors, and create innovative new products.

With an AI solution, billions of products data points can be analyzed effortlessly to create a competitive advantage in the luxury market. By understanding challenges and AI-based solutions in the luxury market, you can begin to see how AI can be useful for any product team.

In the next chapter, we'll explore how to apply AI for innovation in the wireless networking space. As with luxury brands, wireless networking firms face a unique set of product-related challenges, which can be addressed with AI due...