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konnanath

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If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."

However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …

How AI taps data to make ecommerce more dynamic

#artificialintelligenceOct-19-2022, 00:22:21 GMT

This article is part of a VB special issue. Read the full series here: How Data Privacy Is Transforming Marketing. Product pricing plays a critical role for every product, especially in ecommerce. According to Shopify, global ecommerce sales are expected to total $5.7 trillion worldwide in 2022. However, determining the right price for your goods and services can be tricky and requires large volumes of data to be effective: Should you use static prices, monitor those of your rivals or mix the two?

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#artificialintelligence

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Information Technology > Security & Privacy (0.89)
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Information Technology > e-Commerce (0.93)
Information Technology > Artificial Intelligence > Representation & Reasoning (0.33)
Information Technology > Artificial Intelligence > Machine Learning (0.31)

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