propelling consumer businesses using artificial intelligence
TRANSCRIPT
Propelling Consumer Business Using Artificial
Intelligence
In simple terms, artificial intelligence is the
quest to develop systems that are self-learning.
Globally, consumer businesses are leveraging Artificial
Intelligence (AI) to improve efficiency
Businesses are finding ways to integrate artificial intelligence into
consumer business to maximize efficiency, streamline operations
and achieve a scalable business construct.
The Most Common Applications of AI in Consumer
Business include:
A. Natural Language Processing
B. Text Mining
C. Virtual Digital Assistants
Artificial Intelligence is being used to derive Consumer
Insights…
Improve Inventory management to reduce out-of-stock
situations, lower costs and improve customer satisfaction
AI is also being used to determine consumer choices
based on previous purchase history…
According to Research and Web intelligence company,
Quid, over $27 billion has been invested in AI to date.
AI will continue to evolve and become more powerful and
accurate in the years ahead.
Businesses that invest in AI are likely to benefit in the long-term by
offering a differentiated experience to their customers.
Artificial Intelligence
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