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

Understanding the challenges of restaurants

The restaurant industry is one of the most staid and stagnant in retail, with little appetite for change. Think about it: historically, restaurants have had a tough time competing with other forms of entertainment such as TV and movies, or even just socializing with friends. Why would you go out when you could stay at home, order in from Seamless or Just Eat, and watch Netflix?

Traditional brick-and-mortar retail is struggling mightily to reinvent itself as consumers shift their spending habits online. Meanwhile, the restaurant industry has remained largely unchanged since its inception – there's not much innovation that can occur once a business model becomes so ingrained in society.

But times are changing. In recent years, data has become democratized – accessible to anyone with an internet connection and a computer – allowing companies to make better decisions than ever before based on evidence rather than...