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

Chapter 6: Applying AI for Innovation –Consumer Electronics Deep Dive

As we've explored in previous chapters, AI is no longer just a buzzword. It has become a critical component for the growth strategies of many companies, with the majority of leading executives saying that their company is investing in AI or machine learning. This chapter will explore how consumer electronics brands can leverage AI to improve their product innovation and drive growth.

Consumer electronics brands have long relied on their ability to innovate new products to keep pace with the rapidly changing trends in technology. Innovating new products enables these brands to stay relevant and attract consumers who want to experience new ways of engaging with technology.

This applies as much today as it ever has. For example, when consumers are choosing from an array of smart home devices at their fingertips, they need compelling reasons to choose your brand over someone else's. By taking...