Ai In E Commerce
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Artificial Intelligence
This comprehensive reference text discusses the fundamental concepts of artificial intelligence and its applications in a single volume. Artificial Intelligence: Fundamentals and Applications presents a detailed discussion of basic aspects and ethics in the field of artificial intelligence and its applications in areas, including electronic devices and systems, consumer electronics, automobile engineering, manufacturing, robotics and automation, agriculture, banking, and predictive analysis. Aimed at senior undergraduate and graduate students in the field of electrical engineering, electronics engineering, manufacturing engineering, pharmacy, and healthcare, this text: Discusses advances in artificial intelligence and its applications. Presents the predictive analysis and data analysis using artificial intelligence. Covers the algorithms and pseudo-codes for different domains. Discusses the latest development of artificial intelligence in the field of practical speech recognition, machine translation, autonomous vehicles, and household robotics. Covers the applications of artificial intelligence in fields, including pharmacy and healthcare, electronic devices and systems, manufacturing, consumer electronics, and robotics.
Role of Explainable Artificial Intelligence in E-Commerce
The technological boom has provided consumers with endless choices, removing the hindrance of time and place. Understanding the dynamic and competitive business environment, marketers know they need to reinforce indestructible customer experience with the support of algorithmic configurations to minimize human intrusion. World Wide Web (WWW) and online marketing have changed the way of conducting business; with artificial intelligence (AI), business houses can furnish a customized experience to fulfil the perceived expectation of the customer. Artificial intelligence bridges the gap between business and prospective clients, provides enormous amounts of information, prompts grievance redressal system, and further complements the client’s preference. The opportunities online marketing offers with the blend of artificial intelligence tools like chatbots, recommenders, virtual assistance, and interactive voice recognition create improved brand awareness, better customer relationshipmarketing, and personalized product modification. Explainable AI provides the subsequent arena of human–machine collaboration, which will complement and support marketers and people so that they can make better, faster, and more accurate decisions. According to PwC’s report on Explainable AI(XAI), AI will have $15.7 trillion of opportunity by 2030. However, as AI tools become more advanced, more computations are done in a “black box” that humans can hardly comprehend. But the rise of AI in business for actionable insights also poses the following questions: How can marketers know and trust the reasoning behind why an AI system is making recommendations for action? What are the root causes and steering factors? Thus, transparency, trust, and a good understanding of expected business outcomes are increasingly demanded.
AI in E-Commerce
Author: Oluchi Ike
language: en
Publisher: Independently Published
Release Date: 2024-12-29
In recent years, the e-commerce landscape has undergone a seismic transformation, driven by the rapid adoption of artificial intelligence (AI). From personalized product recommendations to real-time inventory management and intelligent customer service, AI is redefining how businesses connect with consumers. This book is a comprehensive guide to understanding how AI technologies are being integrated into e-commerce platforms to create smarter, more adaptive shopping experiences. Whether you are an e-commerce entrepreneur, a developer, or simply an enthusiast, this book offers insights into the strategies, tools, and techniques needed to leverage AI for success in the competitive digital marketplace. Through 12 detailed chapters, we will explore various aspects of AI in e-commerce, including its foundational concepts, practical applications, and future trends. Each chapter builds on the previous one, providing a step-by-step journey into this transformative domain. Let us embark on this exciting journey together as we uncover how AI is shaping the future of online shopping!