Download or read book Big Data Gathering Predicts Sevice Industry Consumption Behavior written by Johnny Ch LOK and published by . This book was released on 2018-11 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to explain why and how future artificial intelligent technology ( big data gathering method) can be applied to assit businesses to predict why and when and how consumer behavior changes in service industry. I shall explain why traditional psychological and statistic and marketing methods are applied to predict consumer behaviors, human's judgement and analytical effort will be worse to compare AI machine's judgement and analytical effort in srvice industry. Also, I shall indicate different business organizations why they apply AI big data gathering method to help them to design any questionnaires ( surveys) questions which will be more valid and useful to conclude human's questionnaires ( surveys) design questions method to predict what service requirements can be satisfied to their potential service consumers' needs.This book has these two research questions need to be answered?(1)Can apply (AI) learning machine predict what and how consumers service to satisfy their needs ?(2)Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict consumers service needs more accurate?Nowadays, many businessmen or marketing research professional hope to apply different methods to predict consumer service needs in order to know what will be future market activities and market changes to help them to choose to implement what kinds of service marketing strategies more accurately. The methods include economic environmental change prediction method, consumer individual psychological change prediction method, micro or macro behavioral economic environmental change prediction method, marketing environmental change prediction method etc. different kinds of methods which can be applied to predict how consumer service needs changes to influence whose behavioral consumption to the service providers within one to two years short term or three to five years middle term, even above five years long term business plans.Hence, if the service providers can apply the most suitable consumer service needs prediction method to predict how consumers' service needs will be changed to attract their entertainment or public transportation service or catching air plan etc. different kinds of service choice easily. It will have more beneficial intangible and tangible advantages to achieve the their service attraction aim to ensure their businesses' future market share to be increased more easier to their countries' choice target service markets. Otherwise, if they applied the inaccurate service needs prediction methods to predict how their service need changes wrongly. Then, it will influence their market shares to be same level, even it will decrease their market shares, when their consumer service needs prediction inaccurately.

Download or read book Big Data Gathering Predicts Retail Industry Consumer Behavior written by Johnny LOK and published by . This book was released on 2018-09-27 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter EightWhat are (AI) predict consumer behavioral functions and features? On analyzing customers behavior in the big data aspect: (AI) technology can gather data effiiently in short time, which is a series of events from a website, it is human's consumer behavioralpredictive effort can not achieve. Big data can help businesse to gain a wide view of customer activity across channels, discover what influences buyingbehavior, tailo businesses' services and products towhat whose customer wants, improve customer satisfaction, drive customer loyalty, optimize existing customers, adapt whose prices to the market, drive the profit and performance of mareting campaigns, net budget without cutting performance and innovte speed of predictive customer behavioral when, how and why changes.For example, although an airline company has lot customers tell happy and satisfactory to itsservice on average a people about their experience, when dissatisfies ones feel frustrations to 22 pers ons. Just one airline passenger complaints. If the airline can gather data to predict when, how and why whose passengers' service needs will change. Then, it can implement service strategy to be changed to attempt to satisfy whose undiscovered needs more clearly.So, today's organizations are facing a very public cycle of buying and service needs changinginfluences. As the airline case, it doesn't attempt to predict when, how and why its passengers' service needs with changes. So, it is possibly that if still has some passengers feel dissatisfactory to its service. As the airline case, big data gathering will help the airline company to build loyalty for long time if it could attempt to apply (AI) big data gathering tool to predict its passengers' service needs. As the airline case, loyalty is needed to build long relevant time between itself and it's plane passengers. So, the airline company needs to keep its passengers' satisfactory service feeling, interested to choose to catch its air planes to fly, feeling its staffs can provide considerate services when any time they expect its service can reward their needs in exactly the way they want when they are catching the plane to fly. So, big data gather method is as a consumer psychological tool to predict when, how and whytheir needs will change in order to gather all pastconsumers' behavioral date to make more accuratepredictive behavioral changes analysis.Pretty databases can fill with laze data and intelligence that takes hours, days and even weeks be delivered with no longer do. When markets become networks of intelligence. Businesses need to keep moving faster. They need systems that can deliver the intelligence immediately. Businesses can need for closing gap betwen their promises or intentions and what their customer wants in " variety".

Download or read book Learning Big Data Gathering to Predict Retail and Service Industry Consumer Behavior written by Johnny Ch LOK and published by . This book was released on 2018-10-05 with total page 691 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book researchs how to apply big dta gathering tool to predict retail and service industry consumer behavior. This book first part aims to explain why and how future artificial intelligent technology ( big data gathering method) can be applied to assit businesses to predict why and when and how consumer behavior changes in retail industry. I shall explain why traditional psychological and statistic and marketing methods are applied to predict consumer behaviors, human's judgement and analytical effort will be worse to compare AI machine's judgement and analytical effort. Also, I shall indicate different business organizations why they apply AI big data gathering method to help them to design any questionnaires ( surveys) questions which will be more valid and useful to conclude human's questionnaires ( surveys) design questions method.This book has these two research questions need to be answered?(1)Can apply (AI) learning machine predict consumer behaviors in retail industry?(2)Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict consumer behaviors more accurate in retail industry?Nowadays, many businessmen or marketing research professional hope to apply different methods to predict consumer behaviors in order to know what will be future market activities and market changes to help them to choose to implement what kinds of marketing strategies more accurately. The methods include economic environmental change prediction method, consumer individual psychological change prediction method, micro or macro behavioral economic environmental change prediction method, marketing environmental change prediction method etc. different kinds of methods which can be applied to predict how consumer behavioral changes to influence whose behavioral consumption to the manufacturer products sale within one to two years short term or three to five years middle term, even above five years long term business plans.Hence, if the product manufacturers can apply the most suitable consumer behavioral prediction method to predict how consumers' choice will be changed to influence their products sale easily. It will have more beneficial intangible and tangible advantages to achieve the their product easier sale aim to ensure their businesses' future market share to be increased more easier to their countries' choice target sale markets. Otherwise, if they applied the inaccurate consumer behavioral prediction methods to predict how their consumers' behavioral changes wrongly. Then, it will influence their market shares to be same level, even it will decrease their market shares, when their consumer behavioral prediction inaccurately.In my this book first part, I concentrate on indicate whether any artificial intelligence (AI) tools will be one kind of good consumer behavioral prediction method to be choose to apply to predict consumer behaviors. I shall indicate some examples, cases to give reasonable evidences to analyze whether (AI) tools will be one kind suitable tool to be applied to predict when and how consumer behavioral changes. If (AI) can be one kind tool to attempt to be applied to predict when and how consumer behavioral changes. Will it replace other kinds of methods to predict consumer behaviors? Does it have weaknesses to be applied to predict consumer behaviors, instead of strengths? Can it be applied to predict consumer behaviors depending on any situations of only some situation? Finally, I believe that any readers can find answers to answer above these questions in this book.

Download or read book Learning Big Data Gathering to Predict Travel Industry Consumer Behavior written by Johnny Ch Lok and published by Independently Published. This book was released on 2018-10-04 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: PrepareI write this book aim to let readers to judge whether it is possible to predict future travel behaviour from past travel behaviour for travel agents benefits as well as big data gathering technology can be applied to predict travel consumption behavior if travel agents can gather any past travel consumer data to predict future travel consumption behavior from AI ( big data gathering tool). This book is suitable to any readers who have interest to predict any individal or family or friend groups of travel target's psychological mind to design the different suitable travel packages to satisfy their needs from big data gathering tool prediction method in possible.This book researchs how to apply big dta gathering tool to predict future travel consumer behavior from past travel consumer data. This book first part aims to explain why and how future artificial intelligent technology ( big data gathering method) can be applied to assit businesses to predict why and when and how consumer behavior changes in entertainment industry, e.g. cruise travel and vehicle leisure activities. If AI, big data gathering tool can be applied to predict such as leisure market consumption behavior, it is possible that future big data gathering tool can be used to gather past travel consumer behavioral data in order to conclude more accurate information to predict future travel behavioral need changes.This book has these two research questions need to be answered?(1)Can apply (AI) learning machine predict future travelling consumer behaviors from past travelling consumer behavioral data gathering?(2)Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict future travelling consumer behavioral need changes more accurate in travelling industry?This book second part aims to explain why and how future artificial intelligent technology ( big data gathering method) can be applied to predict why and when and how travelling consumer behavioral need changes in travelling industry. I shall explain why traditional psychological and statistic and marketing methods are applied to predict consumer behaviors, human's judgement and analytical effort will be worse to compare AI machine's judgement and analytical effort in travel industryNowadays, many businessmen or marketing research professional hope to apply different methods to predict travelling consumer behavioral needs in order to know what will be future travelling market activities changes to help them to choose to implement what kinds of travelling service marketing strategies more accurately. The methods include economic environmental change prediction method, consumer individual psychological change prediction method, micro or macro behavioral economic environmental change prediction method, marketing environmental change prediction method etc. different kinds of methods which can be applied to predict how travelling consumer needs changes to influence whose travelling behavioral consumption for every travels season changes.Hence, if the travelling service providers can apply the most suitable travelling consumer service needs prediction method to predict how travelling consumers' different kinds of travelling package design needs will be changed to attract their travel journey entertainment or journey public transportation service or catching air plan etc. different kinds of travelling service choice easily.

Download or read book Learning Big Data Gathering Tool to Predict Retail and Service Industry written by Johnnny Ch LOK and published by . This book was released on 2018-10-08 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: (AI) digital data gather technology predicts food consumer behavior's main barriersWhat are the main barriers to food industry? When the food manufacturer applies (AI) big data gather technology to predict food consumer behavior? The barriers include that the food manufacturer / provider needs to decide whether when the right time is applied to the right (AI) digital big data prediction tool channel to find the right food consumers to be chose to full food consumption satisfactory questionnaires, how to gather multi-class food consumption classifiers on real-world food consumers transactional data from the food sale domain consistently to show the critical numbers of different kinds of food items at which the predictive performance most accurate? So, any food manufacturer / provider's advanced in (AI) digital data gather warehousing and management technologies can provide that opportunities for food business to enhance long term relationship with the food providers' clients. However, food industry's (AI) digital data gather aims to improve food customer product targeting, increase food customer loyalty and food purchase probability to the food supplier. To effective identify, understand and satisfy the needs of their food customers, the food suppliers need to develop the right (AI) digital questionnaire questions and find the right food customers to fill every right questions from every digital questionnaire at the right time through the right channel. Above of all these, they will be the barriers when one food supplier expects its (AI) digital data gather questionnaires which can conclude the most accurate prediction concerns any kinds of consumer food product choices. So, such as (AI) digital data prediction model, it is needed to incorporate into the food market segmentation, food customer targeting, and food challenging decisions with the goal of maximizing the total food customer lifetime. For example, (AI) big data gather transaction data is reasonable and accurate for building predictive models. Transaction data can be electronically collected and readily made available for data mining in lot quantity at minimum extra costs.Suggestion to apply (AI) prototypes of food customer profiles method to predict food customer behavioral changes. Prototypes of food customer profiles mean to be extracted from the discovered bins and multi-class classifies models are built using those prototypes. The learned models can than be used to predict the class of food customer profiles ( e.g. restaurants, school canteens, supermarkets etc. food suppliers) based on their food purchases. The approach is validated on the case study of a food retail and food service company operating in food and beverages market.

Download or read book Big Data Gathering Can Predict written by Johnny Ch LOK and published by . This book was released on 2019-01-02 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter sixMain barriers influence artificial intelligence consumer behavioral predictionIn future, it is possible that these barriers will influence how to apply (AI technology) to predict consumer behavior in success. The barriers may include: Lacking of a (AI) digital data gathering vision and strategy, lacking of efficient workforce readiness, (AI) technology constraints., non reaching (AI) consumer behavioral prediction mature stage, time and money and resource constraints, law and regulations prohibition to develop (AI) consumer behavioral prediction bug data gather technology.However, the recommendation of solutions to attack the barriers to influence artificial intelligence consumer behavioral prediction not success, it may include gaining employee buy in to participate and develop (AI) consumer behavioral prediction technology, making customer experience to a concern (AI) big data gather questionnaire investigation, providing compensation, training to employees in order to achieve (AI) consumer behavioral big data questionnaire investigation research digital technological goals and strategy, task senior leaders manage any (AI) digital big data gather technology changes, putting policies and (AI) big data gather digital technology in place to support a fully remote, flexible workforce in any (AI) digital big data gather questionnaires research projects, teaching all employees how to code/understand (AI) big data gather consumer behavioral prediction software development, appointing a chief (AI) officer to manage any (AI) big data gather customer behavioral prediction projects and automate everything and encourage customers to attempt experience to self-service and (AI) big data gather questionnaire research to earn beneficial consumption aim after they gave feedback to any (AI) digital questionnaire researches. So, in the future, the (AI) digital big data questionnaire researches can include these industries surveyed, such as automat m financial services, public healthcare, private healthcare, technology, telecoms, insurance, life sciences, manufacturing, media and entertainment , oil and gas, retail and consumer products etc. Hence, in the future, any of these industries can attempt to apply (AI) digital big data gather technology to predict how and why consumer behaviors will change in order to avoid reducing consumer number threat occurrence.6.1(AI) digital data gather technology predicts food consumer behavior's main barriersWhat are the main barriers to food industry? When the food manufacturer applies (AI) big data gather technology to predict food consumer behavior? The barriers include that the food manufacturer / provider needs to decide whether when the right time is applied to the right (AI) digital big data prediction tool channel to find the right food consumers to be chose to full food consumption satisfactory questionnaires, how to gather multi-class food consumption classifiers on real-world food consumers transactional data from the food sale domain consistently to show the critical numbers of different kinds of food items at which the predictive performance most accurate? So, any food manufacturer / provider's advanced in (AI) digital data gather warehousing and management technologies can provide that opportunities for food business to enhance long term relationship with the food providers' clients. However, food industry's (AI) digital data gather aims to improve food customer product targeting, increase food customer loyalty and food purchase probability to the food supplier. To effective identify, understand and satisfy the needs of their food customers, the food suppliers need to develop the right (AI) digital questionnaire questions and find the right food customers to fill every right questions from every digital questionnaire at the right time through the right channel.

Download or read book Big Data in Practice written by Bernard Marr and published by John Wiley & Sons. This book was released on 2016-03-22 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The best-selling author of Big Data is back, this time with a unique and in-depth insight into how specific companies use big data. Big data is on the tip of everyone's tongue. Everyone understands its power and importance, but many fail to grasp the actionable steps and resources required to utilise it effectively. This book fills the knowledge gap by showing how major companies are using big data every day, from an up-close, on-the-ground perspective. From technology, media and retail, to sport teams, government agencies and financial institutions, learn the actual strategies and processes being used to learn about customers, improve manufacturing, spur innovation, improve safety and so much more. Organised for easy dip-in navigation, each chapter follows the same structure to give you the information you need quickly. For each company profiled, learn what data was used, what problem it solved and the processes put it place to make it practical, as well as the technical details, challenges and lessons learned from each unique scenario. Learn how predictive analytics helps Amazon, Target, John Deere and Apple understand their customers Discover how big data is behind the success of Walmart, LinkedIn, Microsoft and more Learn how big data is changing medicine, law enforcement, hospitality, fashion, science and banking Develop your own big data strategy by accessing additional reading materials at the end of each chapter

Download or read book Artificial Intelligent Data Gathering Tool Predicts Retail and Service Industry written by Johnny Ch LOK and published by . This book was released on 2018-10-10 with total page 697 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thus, I believe that artificial intelligent "big data" gathering method can be suggested to be applied to attempt to predict consumer behavioral changes in global business environment, the reasons are as below: On the consumer's beneficial hand, Consumers can apply this method to attempt to gather any global manufacturers data to be analyzed by this artificial intelligent learning system. Then, it analyzed all the different brands of specific similar product manufacturer' data to compare what are the range of the best past manufacturing history and sale data to the group of best manufacturers, and what are the range of the better past manufacturing history and sale data, and what are the range of the good past manufacturing history and sale data, and what are the range of the common past manufacturing history and sale data. Finally, the (AI) learning system will compare all the specific similar product, e.g. mobile phone or computer, television, car etc. different kinds of specific products of global manufacturers to conclude the result is such as whether which brands will be the best manufacturers to let the consumer to buy the television or mobile phone or computer or car etc. different kinds of products. It can make more accurate judgement to compare general human's phone or questionnaire surveys investigation method, newspapers, television, radios, internet searches etc. different manufacturing news or data gathering channels to find which brands are the most worth confidence to consumers to choose to buy the specific product in the global consumption market.On the manufacturers' beneficial hand, manufacturers can apply (AI) data gathering method to predict consumer emotion and buying behavioral changes more accurate. For example, the vehicle manufacturer, it plans to gather data to predict potential driving fast speed sport vehicle consumers' preferences trends in order to make the accurate judgement how to design its sport vehicles to attract many sport vehicle buyers who will choose to buy it's brand of any driving fast speed sport vehicles. It can attempt to apply (AI) intelligent learning system to gather global different brands of sport vehicle data concerns that all past driving fast speed sport vehicle buyer's preference of sport vehicle design. Then, the (AI) intelligent learning system gather global different brands of driving fast speed sport vehicle which had ever been purchased by the different country's driving fast speed sport vehicles consumers. After, it can compare divide the range of similar driving fast speed sport vehicle design and similar price to be different groups. The (AI) intelligent learning system can attempt to follow the past number of different brands of driving fast speed sport vehicle buyers to calculate how many driving fast speed sport vehicle buyers who choose to buy the brand of driving fast speed sport vehicle as well as it will analyze and make judgement to find whether the cheaper price reason attracts the different countries sport vehicle buyers choose to buy the brand of driving fast speed sport vehicle or the attractive design reason attracts the different countries sport vehicle buyers choose to buy the brand of sport vehicle or fast speed reason attracts the sport vehicle buyers choose to buy the brand of sport vehicle.

Download or read book Artificial Intelligence Predicts Product and Service Industry Consumption written by Johnny Ch LOK and published by . This book was released on 2018-10-25 with total page 573 pages. Available in PDF, EPUB and Kindle. Book excerpt: PrepareThis book aims to explain why and how future artificial intelligent technology ( big data gathering method) can be applied to assit businesses to predict why and when and how consumer behavior changes. I shall explain why traditional psychological and statistic and marketing methods are applied to predict consumer behaviors, human's judgement and analytical effort will be worse to compare AI machine's judgement and analytical effort. Also, I shall indicate different business organizations why they apply AI big data gathering method to help them to design any questionnaires ( surveys) questions which will be more valid and useful to conclude human's questionnaires ( surveys) design questions method.This book has these two research questions need to be answered?(1)Can apply (AI) learning machine predict consumer behaviors?(2)Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict consumer behaviors more accurate?Nowadays, many businessmen or marketing research professional hope to apply different methods to predict consumer behaviors in order to know what will be future market activities and market changes to help them to choose to implement what kinds of marketing strategies more accurately. The methods include economic environmental change prediction method, consumer individual psychological change prediction method, micro or macro behavioral economic environmental change prediction method, marketing environmental change prediction method etc. different kinds of methods which can be applied to predict how consumer behavioral changes to influence whose behavioral consumption to the manufacturer products sale within one to two years short term or three to five years middle term, even above five years long term business plans.Hence, if the product manufacturers can apply the most suitable consumer behavioral prediction method to predict how consumers' choice will be changed to influence their products sale easily. It will have more beneficial intangible and tangible advantages to achieve the their product easier sale aim to ensure their businesses' future market share to be increased more easier to their countries' choice target sale markets. Otherwise, if they applied the inaccurate consumer behavioral prediction methods to predict how their consumers' behavioral changes wrongly. Then, it will influence their market shares to be same level, even it will decrease their market shares, when their consumer behavioral prediction inaccurately.In my this book first part, I concentrate on indicate whether any artificial intelligence (AI) tools will be one kind of good consumer behavioral prediction method to be choose to apply to predict consumer behaviors. I shall indicate some examples, cases to give reasonable evidences to analyze whether (AI) tools will be one kind suitable tool to be applied to predict when and how consumer behavioral changes. If (AI) can be one kind tool to attempt to be applied to predict when and how consumer behavioral changes. Will it replace other kinds of methods to predict consumer behaviors? Does it have weaknesses to be applied to predict consumer behaviors, instead of strengths? Can it be applied to predict consumer behaviors depending on any situations of only some situation? Finally, I believe that any readers can find answers to answer above these questions in this book.

Download or read book What Are Marketing Information and Artificial Intelligence Customer Psychological Predictive written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-04 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: (AI) digital data gather technology predicts food consumer behavior's main barriersWhat are the main barriers to food industry? When the food manufacturer applies (AI) big data gather technology to predict food consumer behavior? The barriers include that the food manufacturer / provider needs to decide whether when the right time is applied to the right (AI) digital big data prediction tool channel to find the right food consumers to be chose to full food consumption satisfactory questionnaires, how to gather multi-class food consumption classifiers on real-world food consumers transactional data from the food sale domain consistently to show the critical numbers of different kinds of food items at which the predictive performance most accurate? So, any food manufacturer / provider's advanced in (AI) digital data gather warehousing and management technologies can provide that opportunities for food business to enhance long term relationship with the food providers' clients. However, food industry's (AI) digital data gather aims to improve food customer product targeting, increase food customer loyalty and food purchase probability to the food supplier. To effective identify, understand and satisfy the needs of their food customers, the food suppliers need to develop the right (AI) digital questionnaire questions and find the right food customers to fill every right questions from every digital questionnaire at the right time through the right channel. Above of all these, they will be the barriers when one food supplier expects its (AI) digital data gather questionnaires which can conclude the most accurate prediction concerns any kinds of consumer food product choices. So, such as (AI) digital data prediction model, it is needed to incorporate into the food market segmentation, food customer targeting, and food challenging decisions with the goal of maximizing the total food customer lifetime. For example, (AI) big data gather transaction data is reasonable and accurate for building predictive models. Transaction data can be electronically collected and readily made available for data mining in lot quantity at minimum extra costs.Suggestion to apply (AI) prototypes of food customer profiles method to predict food customer behavioral changes. Prototypes of food customer profiles mean to be extracted from the discovered bins and multi-class classifies models are built using those prototypes. The learned models can than be used to predict the class of food customer profiles ( e.g. restaurants, school canteens, supermarkets etc. food suppliers) based on their food purchases. The approach is validated on the case study of a food retail and food service company operating in food and beverages market.So, a food customer profile, it is a description (AI) data gather tool will record every of food customer using available information, which help in understanding their background and food consumption behavior. (AI) data gather tool can well develop every food customer profile, every food customer data is essential in food market analysis as they aid food suppliers in saving time and money by highlighting the real potential food consumers whose needs are to be met rather a range of individuals.So, (AI) data gather tool can record every food consumer profile and every can be factual or behavioral food consumption. A factual food customer profile consists of a set of characteristics for (AI) big data gather record, e.g. demographic information, such as food customer name, gender, birth date, when a behavioral food customer profile consists of what the food customer is actually doing and is usually derived from (AI) digital transactional data gather record.

Download or read book Artificial Intelligent Data Gathering Tool Predicts Travel Industry Consumer Behavior written by Johnny Ch LOK and published by . This book was released on 2018-10-13 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenges of (AI) big data gather shapingthe future of retail for consumer industriesThe future of retail for consumer industries' (AI) big data gather challenges are similar to future travelling industry's entertainment consumption challenges. Another challenge of (AI) big data gather is that how to shape the consumer behavior to let business owner to feel or know oe predict. It means that how it express it's conclusion or opinion for every consumer behavior after it had gather all big data in any data gather period, e.g. three months, half year or one year consumer shopping model data gather period.Because every kind of industry, consumers will continue to demand price and quality change , with a wide range of convenient fulfilment options among of different kinds of products or services supply. Overall, the (AI) big data gather procedure gives opinion concerns every time retail experience will become more exciting, simple and convenient, depending on the consumer's ever-changing needs. So, I believe that (AI) big data gather every conclusion or result will be different, due to consumer's price and quality demand will often change to every kind of product or service supply in retail industry. So, how to shape (AI) big data gathering's analytical conclusion or result more clear. I shall recommend organizations need to build great understanding of and a stronger connection to increasingly empowered consumers before they plan and implement how to apply (AI) big data gather tool to predict consumer behavior as below:Firstly, (AI) is empowered by technology, the consumer is redefining value. The traditional measures of cost, choice and convenience are still relevant, but not control and experience are also important. Globally, consumers have access to more than 2 billion different products choice by a wide range of traditional competitors and dynamic new entrants, all experimenting with new business models and methods of client engagement. As choice increases, loyalty becomes more difficult familiarity and the consumer becomes more empowered. Businesses will have no choice and constantly innovate and disrupt themselves by meeting new technologies of high standards and expectations of consumers. So, (AI) data gather tool will need to follow different target group of consumers' needs to follow their different kinds of product design or style choice preferable to gather data in order to conclude the different target groups of consumer behavior to give opinion more clear and accurate to let businessmen to understand more clear how its customers' behavioral choice trend in the future half month, even to two years period.Secondly, businessmen need to adopt changing technologies rapidly. Technology will be the key driver of this retail industry. Industry participants will only success if they have a clear prediction to focus on how to using technology to increase the value added to consumers. They must , however, do so will I realistic assessment of their costs and benefits. Hence, (AI) big data gather technological tools will need to design to help them to gather data efficiently by these ways, such as the internet of things ( IOT), artificial intelligence (AI) machine learning, augmented reality (AR)/virtual reality (VR), digital traceability. So, future (AI) big data gather tool are predicted to be most influential customer behavioral positive emotion changing tool for retail , due to their widespread applications , ability to drive efficiencies and impact on labor in order to impact consumer behavior changing effort from negative emotion to positive.

Download or read book How Artificial Intelligence Influences Consumer And Labour Market Change written by Johnny Ch Lok and published by . This book was released on 2020-10-17 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: (AI) big data gather tool will encounter the challenge: How can predict customer behavior be represented as sequential data describing the interactions of the customer with a company or an (AI) data gather system through the time, e.g. these interactions are items that the customer purchase or views ? So, every customer data gather, (AI) needs to spend time to analyze how and why to cause whose consumption behavioral choice. It is too difficult matter or judgement for (AI) learning. So, (AI) needs to spend time to learn how to analyze every customer's shopping behavior or actin in order to gather all different consumers' past shopping action information in order to help business owners to predict future its potential customer shopping behavior how to change more clear and accurate prediction. (AI) big data gather tool needs to learn to know that how to judge every customer interaction likes purchases over time can be represented with sequential data. Sequential data has the main property that the order of the information is important. Many (AI) machine learning models are not suited for sequential data, as they consider each input sample independent from previous ones. Therefore, at the end of the sequence, (AI) big data gather learn machines need to keep in their internal state of every customer purchase data, kind of product or service, price, whole year consumption times form all previous inputs, making them suitable for this type of data.However, consumer behavior can be represented as sequential data describing the interactions through the time. Examples of these interactions are the items that the user purchases or views. Therefore, the history of interactions can be modeled as sequential data, which has the particular trial that an incorporate a temporal aspect. For example, if a user buys a new mobile phone, who might purchase accessories for this mobile phone in the near future or it the user buys a electronic book or paper book, he might be interested in books by the same author. Therefore, to make accurate predictions is important to model this temporal aspect correctly. To solve this predictive challenge of consumers to buy the product. One count the number of purchased products of a particular category in the last N days, or the number of days since the last purchase.So, the (AI) big data gather designers can attempt to produce a feature vector which can be fed into a machine learning algorithm such as " logistic regression" will be the main feature and function to any (AI) big data gather machine to learn how to apply this " logistic regression" function or feature to predict any customer behavioral change for any product purchase or service consumption to the (AI) predictive consumer behavioral business users. Every different kinds of product purchases or services consumption will be needed to design " different model of logistic regression" in order to follow the kind of business to predict whose consumer purchase or service consumption behavior to predict more accurate.

Download or read book Artificial Intelligence Big Data Gathering Predicts Consumer Behavior written by Johnny Ch LOK and published by Independently Published. This book was released on 2018-09-19 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has these two research questions need to be answered? (1) Can apply (AI) learning machine predict consumer behaviors? (2) Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict consumer behaviors more accurate? Nowadays, many businessmen or marketing research professional hope to apply different methods to predict consumer behaviors in order to know what will be future market activities and market changes to help them to choose to implement what kinds of marketing strategies more accurately. The methods include economic environmental change prediction method, consumer individual psychological change prediction method, micro or macro behavioral economic environmental change prediction method, marketing environmental change prediction method etc. different kinds of methods which can be applied to predict how consumer behavioral changes to influence whose behavioral consumption to the manufacturer products sale within one to two years short term or three to five years middle term, even above five years long term business plans. Hence, if the product manufacturers can apply the most suitable consumer behavioral prediction method to predict how consumers' choice will be changed to influence their products sale easily. It will have more beneficial intangible and tangible advantages to achieve the their product easier sale aim to ensure their businesses' future market share to be increased more easier to their countries' choice target sale markets. Otherwise, if they applied the inaccurate consumer behavioral prediction methods to predict how their consumers' behavioral changes wrongly. Then, it will influence their market shares to be same level, even it will decrease their market shares, when their consumer behavioral prediction inaccurately. In my this book first part, I concentrate on indicate whether any artificial intelligence (AI) tools will be one kind of good consumer behavioral prediction method to be choose to apply to predict consumer behaviors. I shall indicate some examples, cases to give reasonable evidences to analyze whether (AI) tools will be one kind suitable tool to be applied to predict when and how consumer behavioral changes. If (AI) can be one kind tool to attempt to be applied to predict when and how consumer behavioral changes. Will it replace other kinds of methods to predict consumer behaviors? Does it have weaknesses to be applied to predict consumer behaviors, instead of strengths? Can it be applied to predict consumer behaviors depending on any situations of only some situation? Finally, I believe that any readers can find answers to answer above these questions in this book. In my this book second part, I shall explain why and how human can possible apply (AI) tool to predict consumer individual emotion. I shall indicate case studies to explain how consumer individual better or worse emotion how to influence whose consumption behavior in different situation. Finally, I shall indicate evidences to conclude how and why (AI) tool that can be used to predict consumer individual emotion and it will have direct relationship to influence consumption behavior, as well as how (AI) tool can assist businessmen to judge whether what reasons case the customer does not choose to buy its product, it is possible because the product high price factor, poor product quality or poor staff service performance or attitude etc. different factors to influence the consumer decides to choose to buy the other product consequently, when the (AI) tool can confirm consumer has good or bad emotion to judge what factors are the causes his decision making at the moment. Readers can understand why and how (AI) tool can be attempt to be applied to predict customer emotion and it can influence positive or negative consumption behavior to the product clearly in this part.

Download or read book Big Data Analytics in the Insurance Market written by Kiran Sood and published by Emerald Group Publishing. This book was released on 2022-07-18 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Big Data Analytics in the Insurance Market is an industry-specific guide to creating operational effectiveness, managing risk, improving financials, and retaining customers. A must for people seeking to broaden their knowledge of big data concepts and their real-world applications, particularly in the field of insurance.

Download or read book Why Is Big Data Gathering the Best Method to Predict Consumer Behavior written by Johnny Ch Lok and published by Independently Published. This book was released on 2018-10-26 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt: I write this book aim to explain how and why whether artificial intelligence ( big data gathering tool) is better method to compare economic or statistics or psychological methods to predict consumer behavior. If future artificial intelligent technology can be developed to apply to predict consumer behavior, what requirements does it need to achieve consumer psychological prediction function? This book aims to explain why and how future artificial intelligent technology ( big data gathering method) can be applied to assit businesses to predict why and when and how consumer behavior changes. I shall explain why traditional psychological and statistic and marketing methods are applied to predict consumer behaviors, human's judgement and analytical effort will be worse to compare AI machine's judgement and analytical effort. Also, I shall indicate different business organizations why they apply AI big data gathering method to help them to design any questionnaires ( surveys) questions which will be more valid and useful to conclude human's questionnaires ( surveys) design questions method.This book has these two research questions need to be answered?(1)Can apply (AI) learning machine predict consumer behaviors?(2)Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict consumer behaviors more accurate?Nowadays, many businessmen or marketing research professional hope to apply different methods to predict consumer behaviors in order to know what will be future market activities and market changes to help them to choose to implement what kinds of marketing strategies more accurately. The methods include economic environmental change prediction method, consumer individual psychological change prediction method, micro or macro behavioral economic environmental change prediction method, marketing environmental change prediction method etc. different kinds of methods which can be applied to predict how consumer behavioral changes to influence whose behavioral consumption to the manufacturer products sale within one to two years short term or three to five years middle term, even above five years long term business plans.Hence, if the product manufacturers can apply the most suitable consumer behavioral prediction method to predict how consumers' choice will be changed to influence their products sale easily. It will have more beneficial intangible and tangible advantages to achieve the their product easier sale aim to ensure their businesses' future market share to be increased more easier to their countries' choice target sale markets. Otherwise, if they applied the inaccurate consumer behavioral prediction methods to predict how their consumers' behavioral changes wrongly. Then, it will influence their market shares to be same level, even it will decrease their market shares, when their consumer behavioral prediction inaccurately.In my this book first part, I concentrate on indicate whether any artificial intelligence (AI) tools will be one kind of good consumer behavioral prediction method to be choose to apply to predict consumer behaviors. I shall indicate some examples, cases to give reasonable evidences to analyze whether (AI) tools will be one kind suitable tool to be applied to predict when and how consumer behavioral changes. If (AI) can be one kind tool to attempt to be applied to predict when and how consumer behavioral changes. Will it replace other kinds of methods to predict consumer behaviors? Does it have weaknesses to be applied to predict consumer behaviors, instead of strengths? Can it be applied to predict consumer behaviors depending on any situations of only some situation? Finally, I believe that any readers can find answers to answer above these questions in this book.

Download or read book Marketing Information Prediction and Artificial Intelligence Customer Psychological Prediction written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-12 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: (AI) digital data gather technology predicts food consumer behavior's main barriersWhat are the main barriers to food industry? When the food manufacturer applies (AI) big data gather technology to predict food consumer behavior? The barriers include that the food manufacturer / provider needs to decide whether when the right time is applied to the right (AI) digital big data prediction tool channel to find the right food consumers to be chose to full food consumption satisfactory questionnaires, how to gather multi-class food consumption classifiers on real-world food consumers transactional data from the food sale domain consistently to show the critical numbers of different kinds of food items at which the predictive performance most accurate? So, any food manufacturer / provider's advanced in (AI) digital data gather warehousing and management technologies can provide that opportunities for food business to enhance long term relationship with the food providers' clients. However, food industry's (AI) digital data gather aims to improve food customer product targeting, increase food customer loyalty and food purchase probability to the food supplier. To effective identify, understand and satisfy the needs of their food customers, the food suppliers need to develop the right (AI) digital questionnaire questions and find the right food customers to fill every right questions from every digital questionnaire at the right time through the right channel. Above of all these, they will be the barriers when one food supplier expects its (AI) digital data gather questionnaires which can conclude the most accurate prediction concerns any kinds of consumer food product choices. So, such as (AI) digital data prediction model, it is needed to incorporate into the food market segmentation, food customer targeting, and food challenging decisions with the goal of maximizing the total food customer lifetime. For example, (AI) big data gather transaction data is reasonable and accurate for building predictive models. Transaction data can be electronically collected and readily made available for data mining in lot quantity at minimum extra costs.Suggestion to apply (AI) prototypes of food customer profiles method to predict food customer behavioral changes. Prototypes of food customer profiles mean to be extracted from the discovered bins and multi-class classifies models are built using those prototypes. The learned models can than be used to predict the class of food customer profiles ( e.g. restaurants, school canteens, supermarkets etc. food suppliers) based on their food purchases. The approach is validated on the case study of a food retail and food service company operating in food and beverages market.So, a food customer profile, it is a description (AI) data gather tool will record every of food customer using available information, which help in understanding their background and food consumption behavior. (AI) data gather tool can well develop every food customer profile, every food customer data is essential in food market analysis as they aid food suppliers in saving time and money by highlighting the real potential food consumers whose needs are to be met rather a range of individuals.So, (AI) data gather tool can record every food consumer profile and every can be factual or behavioral food consumption. A factual food customer profile consists of a set of characteristics for (AI) big data gather record, e.g. demographic information, such as food customer name, gender, birth date, when a behavioral food customer profile consists of what the food customer is actually doing and is usually derived from (AI) digital transactional data gather record.

Download or read book Artificial Intelligence Big Data Gathering Consumer Behavior Prediction written by Johnny Ch Lok and published by Independently Published. This book was released on 2018-09-24 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding food industry marketing communication ( pull marketing communication strategy) In food industry, it needs have an efficient marketing communication strategy in order to the food providers can persuade their food consumers to choose to buy their food easily. Firstly, the food provider needs to understand the global consumer's prefence to find how any why to persuade they to choose to buy their food products. It is important to develop marketing communication strategies to solve challenges and find or seek opportunities in the communicaion process between the food providers (manufacturers) and its food retailers, food wholesalers ( supermarkets, food stores). In its communication marketing strategy, it needs to consider two channels: The first channel is supply chain development and management channel. The food supplier ( manufacturer) needs to learn how to manage its differene kinds of food supply chain, learn how to manage its food quality and food transportation logistics methods and learn how to communicate to its food retailers or food wholesalers how to help it to sell its different kinds of food to let consumers to buy attractively. The another channel is that it needs to learn how drive food consumer behavioral consumptionand learn hoe to predict why whose consumption behavioral change. Hence, the food supplier ( manufacturer) needs to learn how to communicate with its food retailers and food wholesalers to know how any why its food consumers' choices to but its foods behavioral change. It concerns that it needs to communicate with them to learn how and why its old food consumers' taste change, researchs and builds new food product brand development as well as learns how to achieve efficient marketing communication strategy and point of sale strategies. Finally, the food supplier ) manfacturer) will gather all data from there both channels to brings all data together to implement strategy revisited and revised the weaknesses and keep strengths in order to find the most useful solvable method to attract new potential food consumers to choose to buy to food or keep its old consumers to continue to choose to buy its food. Hence, one efficient marketing communication strategy which can represent the " PROMOTION" element of the marketing mix. Such on this food industry case, food marketing is all about food selling and communicating ideas be they to buy a good taste of food or good food salespeople service or take notice of a publis health apeal ( e.g. eat fruit and vegetabl). None of this is possible without a good and effective communication strategy between the food supplier ( manufacturer) and its food retailers or food wholesalers. In many food and agricultural markets, the food and agriculture suppliers ( producers and supply chain/ channel partners, it has become increasingly difficult to differentiate between food or agricultural product offerings. So, the number of available and visable positioning opportunities also diminishes. So, it implies that efficient communication strategy can assist them to create long-life marketing communication opportunities to promote their any agriculturl food success. Some of the key roles that promotion can play in food marketing include as below: