Download or read book Artificial Intelligence for Automated Pricing Based on Product Descriptions written by Nguyen Thi Ngoc Anh and published by Springer Nature. This book was released on 2021-08-28 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights artificial intelligence algorithms used in implementation of automated pricing. It presents the process for building automated pricing models from crawl data, preprocessed data to implement models, and their applications. The book also focuses on machine learning and deep learning methods for pricing, including from regression methods to hybrid and ensemble methods. The computational experiments are presented to illustrate the pricing processes and models.

Download or read book Artificial Intelligence for Marketing Management written by Park Thaichon and published by Taylor & Francis. This book was released on 2022-11-10 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial intelligence (AI) has driven businesses to adopt new business practices rapidly, enhance product development and services, has helped to power AI-based market intelligence and customer insights, and improve customer relationship management. This timely book addresses the use of AI in marketing. This book also explores the dark side of AI in marketing management and discusses ethics and transparency of automated decision-making in AI applications, data privacy, cyber security issues, and biases in various facets of marketing. Emerging applications of AI such as DeepFakes which use deep learning technology could increase risks of manipulation and deception. Hence, apart from leveraging AI capabilities and advantages, the book cautions the need for prevention strategies to deal with potential issues that could arise from the adoption of AI in marketing management. This book will provide practical insights into the role of AI in marketing management. It will be a useful reference for those researching marketing and marketing professionals.

Download or read book Algorithms Artificial Intelligence and Simple Rule Based Pricing written by Qiaochu Wang and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Automated pricing comes in two forms - rule-based (e.g., targeting or undercutting the lowest price, etc) and artificial intelligence (AI) powered algorithms (e.g., reinforcement learning (RL) based). While rule-based pricing is the most widely used automated pricing strategy today, many retailers have increasingly adopting pricing algorithms powered by AI. Q-learning algorithm (a specific type of RL algorithm) is particularly appealing for pricing because it autonomously learns an optimal pricing policy and can adapt to any evolution in competitors' pricing strategy and market environment. It is commonly believed that the Q-learning algorithm has a significant advantage over simple rule-based pricing algorithms; therefore, in a competitive environment, most firms should adopt Q-learning based pricing algorithms if their competitors are using such algorithms. However, through extensive pricing experiments in a workhorse oligopoly model of repeated price competition, we show that a firm's best response to its competitor's Q-learning based algorithms is to use simple rule-based pricing algorithms. We find that when a Q-learning algorithm competes against a rule-based pricing algorithm, higher prices are sustained in the market in comparison to when multiple Q-learning algorithms compete against each other. The high prices are sustained because the rule-based algorithm introduces stationarity into the repeated price competition, which allows the Q-learning algorithm to more effectively search for the optimal policy benefiting both sellers. Further, the experimental phase where the Q-learning algorithm learns the optimal pricing policy is significantly shorter when it competes against a rule-based pricing algorithm in comparison to when it competes against another Q-learning algorithm. Our results are robust to alternative modeling assumptions on market structure, algorithm type, number of players, etc.

Download or read book Artificial Intelligence Products in the United States written by Syarif M and published by Pocket Analytica. This book was released on 2023-11-14 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research, conducted through desk research, offers key insights into the ever-changing AI landscape in the United States. These findings are a valuable resource for businesses, policymakers, and stakeholders seeking to navigate and leverage the evolving AI landscape in the United States. Details: 50 Pages 20+ Charts Projections for the market size of each AI sector from 2023 to 2030 in the United States, including the Compound Annual Growth Rate (CAGR) for each sector. Data Sources: Mainly obtained from Statista Premium, which exceeded 3000 USD for the data alone. AI's Impact on Business: Gain a deep understanding of the positive impact of AI technologies on increasing revenue and reducing costs across various business functions. Table of Content: Chapter 1: Executive Summary Scope and Limitation Chapter 2: Market Overview Historical Development of AI Software Current Market Landscape Key Approaches in AI business Strategy Leading U.S. AI Product Companies AI Software Ecosystem Companies Chapter 3: AI Segments AI Robotics Autonomous & Sensor Technology Computer Vision Generative AI Machine Learning Natural Language Processing Chapter 4: Market Growth and Projections User Share in Generative AI Businesses User Segmentation in United States Generative AI Adoption Across U.S. Generations U.S. 2021 Public Opinion Segmentation in AI Control Factors Driving Market Growth Investment and Funding Trends Chapter 5: Market Challenges Ethical and Regulatory Challenges Data Privacy and Security Concerns Talent Shortage Chapter 6: Competitive Analysis Competitive Landscape, AI Robotics Competitive Landscape, Autonomous & Sensor Technology Competitive Landscape, Computer Vision Competitive Landscape, Generative AI Competitive Landscape, Machine Learning Competitive Landscape, Natural Language Processing Competitive Strategies in AI Business Against Industry Giants Chapter 7: Global AI Business Impact by Function Increased Revenue in 2021 Cost Reduction in 2022 Supply Chain Benefits 2022 Chapter 8: Breakthrough Technologies Artificial Emotional Intelligence Reinforcement Learning Deep Learning Sequential Learning Chapter 9: Conclusion Chapter 10: Appendices Methodology: Extensive Desk Research, emphasizing data collection primarily from statista.com

Download or read book Automated Machine Learning for Business written by Kai R. Larsen and published by Oxford University Press. This book was released on 2021 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book teaches the full process of how to conduct machine learning in an organizational setting. It develops the problem-solving mind-set needed for machine learning and takes the reader through several exercises using an automated machine learning tool. To build experience with machine learning, the book provides access to the industry-leading AutoML tool, DataRobot, and provides several data sets designed to build deep hands-on knowledge of machinelearning.

Download or read book AI Powered Commerce written by Andy Pandharikar and published by Packt Publishing Ltd. This book was released on 2022-01-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn how to use artificial intelligence for product and service innovation, including the diverse use cases of Commerce.AI Key FeaturesLearn how to integrate data and AI in your innovation workflowsUnlock insights into how various industries are using AI for innovationApply your knowledge to real innovation use cases like product strategy and market intelligenceBook Description 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. What you will learnFind out how machine learning can help you identify new market opportunitiesUnderstand how to use consumer data to create new products and servicesUse state-of-the-art AI frameworks and tools for data analysisLaunch, track, and improve products and services with AIRise above the competition with unparalleled insights from AITurn customer touchpoints into business winsGenerate high-conversion product and service copyWho this book is for This AI book is for AI developers, data scientists, data product managers, analysts, and consumer insights professionals. The book will guide you through the process of product and service innovation, no matter your pre-existing skillset.

Download or read book Dynamic Pricing and Automated Resource Allocation for Complex Information Services written by Michael Schwind and published by Springer Science & Business Media. This book was released on 2007-04-24 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops allocation mechanisms that aim to ensure an efficient resource allocation in modern IT-services. Recent methods of artificial intelligence, such as neural networks and reinforcement learning, and nature-oriented optimization methods, such as genetic algorithms and simulated annealing, are advanced and applied to allocation processes in distributed IT-infrastructures, or grid systems.

Download or read book Artificial Intelligence in Practice written by Bernard Marr and published by John Wiley & Sons. This book was released on 2019-04-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cyber-solutions to real-world business problems Artificial Intelligence in Practice is a fascinating look into how companies use AI and machine learning to solve problems. Presenting 50 case studies of actual situations, this book demonstrates practical applications to issues faced by businesses around the globe. The rapidly evolving field of artificial intelligence has expanded beyond research labs and computer science departments and made its way into the mainstream business environment. Artificial intelligence and machine learning are cited as the most important modern business trends to drive success. It is used in areas ranging from banking and finance to social media and marketing. This technology continues to provide innovative solutions to businesses of all sizes, sectors and industries. This engaging and topical book explores a wide range of cases illustrating how businesses use AI to boost performance, drive efficiency, analyse market preferences and many others. Best-selling author and renowned AI expert Bernard Marr reveals how machine learning technology is transforming the way companies conduct business. This detailed examination provides an overview of each company, describes the specific problem and explains how AI facilitates resolution. Each case study provides a comprehensive overview, including some technical details as well as key learning summaries: Understand how specific business problems are addressed by innovative machine learning methods Explore how current artificial intelligence applications improve performance and increase efficiency in various situations Expand your knowledge of recent AI advancements in technology Gain insight on the future of AI and its increasing role in business and industry Artificial Intelligence in Practice: How 50 Successful Companies Used Artificial Intelligence to Solve Problems is an insightful and informative exploration of the transformative power of technology in 21st century commerce.

Download or read book Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Download or read book Intelligent Systems and Networks written by Ngoc Le Anh and published by Springer Nature. This book was released on 2022-07-19 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents Proceedings of the International Conference on Intelligent Systems and Networks (ICISN 2022), held at Hanoi in Vietnam. It includes peer reviewed high quality articles on Intelligent System and Networks. It brings together professionals and researchers in the area and presents a platform for exchange of ideas and to foster future collaboration. The topics covered in this book include- Foundations of Computer Science; Computational Intelligence Language and speech processing; Software Engineering Software development methods; Wireless Communications Signal Processing for Communications; Electronics track IoT and Sensor Systems Embedded Systems; etc. ​

Download or read book Artificial Intelligence in Marketing written by K. Sudhir and published by Emerald Group Publishing. This book was released on 2023-03-13 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Review of Marketing Research pushes the boundaries of marketing—broadening the marketing concept to make the world a better place. Here, leading scholars explore how marketing is currently shaping, and being shaped by, the evolution of Artificial Intelligence (AI).

Download or read book AI Unleashed Harnessing Artificial Intelligence to Start and Grow Your Business written by Cassandra Fenyk and published by Fenyk Enterprises LLC. This book was released on 2023-05-15 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: AI Unleashed: Harnessing Artificial Intelligence to Start and Grow Your Business is a comprehensive guide that takes entrepreneurs on a transformative journey into the world of AI. From understanding the potential of AI to implementing it strategically in various aspects of business, this book provides invaluable insights and practical strategies for leveraging AI to achieve success. In this nine-chapter book, readers will explore the fascinating intersection of AI and entrepreneurship. Beginning with an introduction to AI in business, the book dispels common misconceptions and showcases real-world examples of organizations that have harnessed AI to revolutionize their operations. Readers will learn how to identify opportunities for AI integration within their business models and conduct market research to stay ahead of emerging trends. Practical guidance is provided for setting up the necessary infrastructure and acquiring the hardware and software resources to embark on the AI journey. The book delves into the intricacies of building and training AI models, offering readers a solid foundation in understanding different AI models and their applications. Step-by-step instructions are provided for collecting and preparing data for training, and popular AI frameworks and platforms are explored. This book may contain affiliate links. Using these links does not impact the amount that you are charged, but it does allow me to continue to create and offer amazing content and programs. Thank you for your support. With a focus on practical implementation, the book guides entrepreneurs through the process of integrating AI solutions into existing business processes. It covers topics such as enhancing customer experience through AI-powered chatbots and personalization, optimizing operations through automation and predictive analytics, and leveraging AI in marketing and sales for customer segmentation, pricing optimization, and more. As AI continues to evolve, ethical considerations are paramount. The book addresses these concerns, emphasizing the importance of transparency, accountability, and ethical decision-making in AI applications. It also highlights emerging trends and future possibilities, encouraging entrepreneurs to stay informed and adaptable. AI Unleashed is a must-read for business owners, managers, and aspiring entrepreneurs who are eager to leverage AI's transformative power. With its practical approach, real-world examples, and expert guidance, this book equips readers with the knowledge and tools to unlock the potential of AI and drive sustainable growth in their businesses. Embrace the AI revolution and propel your business forward with AI Unleashe

Download or read book Assessment of the Commercial Applicability of Artificial Intelligence in Electronic Businesses written by Thomas Kramer and published by diplom.de. This book was released on 2002-04-18 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Artificial intelligence has already been applied to many areas since its official birth in 1956, but most of the applications ended up in great disappointments as the benefits they reaped were very low. Due to this reason the vast interest in applying this relatively young technology to business calmed down in the late seventies when scientists recognized that the current intelligent systems were not yet plug-and-play solutions, hence mature enough to fully meet the business needs and requirements at that time. However, the limited commercial applicability of artificial intelligence in the past has to be rethought today as with the significant progress in artificial intelligence research and the growth of electronic commerce conducted over the World Wide Web new opportunities for business applications of artificial intelligence have emerged consequently. Nowadays horizontal and vertical electronic commerce is significantly driven by intelligent applications. Their employment in electronic businesses may well generate huge returns on investments, providing a technology-based response to increasing competition, the volatility of business models, and the pace of technology change . Despite the wide assumption that artificial intelligence will have a major impact on Internet-related businesses today and especially in the next years to come, it is uncertain to what extent it performs and will perform that way. The purpose of this thesis is to analyse, assess and evaluate the potential of commercial applications of artificial intelligence in electronic businesses. Therefore the main research question of this paper is whether artificial intelligence is reasonably applicable in Internet-related businesses, first in terms of effectiveness and second in terms of efficiency. In the assessment the application of artificial intelligence in electronic businesses is represented by the employment of intelligent agents. In harmony with the major research question emphasized above, the paper provides a thorough discussion about the economic impact of the most common and relevant application types of intelligent agents on electronic commerce environments. In addition the driving underlying technologies of intelligent agents are analysed with respect to artificial intelligence techniques and methods, and current standardisation efforts. [...]

Download or read book Smart and Sustainable Interactive Marketing written by Irani, Hamid Reza and published by IGI Global. This book was released on 2024-01-22 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's world, sustainability is no longer just a buzzword; it is a fundamental concern for businesses seeking to thrive. Traditional marketing strategies often fall short of aligning with the values and expectations of today's socially conscious consumers. Marketers are grappling with the issue of reconciling traditional marketing with the demands of the modern, environmentally conscious consumers. The marketing landscape is rapidly evolving, and businesses are challenged to embrace sustainability while leveraging transformative digital technologies. Smart and Sustainable Interactive Marketing is designed to address this very challenge. This book recognizes this issue as the first step toward its resolution. It delves into the intricate dimensions and features of sustainable marketing, shedding light on how it can harmonize with the contemporary economy and the principles of sustainable development. The book identifies the need for transformation and integration of digital technologies, such as artificial intelligence, to bridge the gap between traditional marketing and sustainability.

Download or read book Handbook of Artificial intelligence in psychology written by Farzin Forouzani Fard and published by Elyasbook. This book was released on 2024-01-14 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the vast expanse of human understanding, few domains captivate and baffle as much as the interplay between artificial intelligence (AI) and the intricacies of human psychology. It signifies the merging of two separate realms, each teeming with its unique complexities, mysterious enigmas, and profound implications. Our journey through this book manifests as an exploration, a quest to reveal the intricate dimensions of intellect, language, emotions, cognition, character, and neuropsychology in this AI-defined era.

Download or read book AI Innovation in Services Marketing written by Correia, Ricardo and published by IGI Global. This book was released on 2024-05-13 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of artificial intelligence (AI) has ushered in a transformative wave, disrupting trends and reshaping the landscape of services marketing. As businesses grapple with the interplay between evolving consumer behaviors and the progression of AI, a critical need emerges for a guide to navigate this complex terrain. The stakes are high, and the challenges are multifaceted – from redefining customer experiences to addressing ethical considerations in the age of automation. In response to these pressing issues, AI Innovation in Services Marketing stands out as a source of insight, unraveling the complexity surrounding the integration of AI in services marketing. This book endeavors to equip readers with an understanding of how AI is not just a tool but a force driving profound transformation in services marketing. Through a lens focused on real-world examples and insightful case studies, it illuminates the impact of AI on productivity and customer experiences. Beyond the transformative power, the book grapples with the ethical considerations that arise in the wake of AI adoption in services marketing. It seeks to guide both academics and practitioners, offering a resource to harness AI strategically, optimize services, and maintain a competitive edge in the global market.

Download or read book Reimagining Capitalism in a Post Globalization World written by Silvia L. Fotea and published by Springer Nature. This book was released on with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: