Uploaded on Dec 9, 2020
PPT on How Artificial Intelligence improves variability across B2C enterprises.
How Artificial Intelligence improves variability across B2C enterprises.
HOW ARTIIFIICIIAL
IINTELLIIGENCE IIMPROVES
VARIIABIILIITY ACROSS B2C
ENTERPRIISES
INTRODUCTION
• Artificial Intelligence and solutions for machine
learning allow B2C businesses to build the right plan
for business development.
• The speed of digital transformation through global
B2C industries is driven by artificial intelligence and its
subsets.
Source: www.sentinelassam.com
OPERATION
• Disruptive innovations such as AI, machine learning,
and natural language processing were promptly
introduced throughout the industry well before the
COVID 19 epidemic stopped company operations.
• A United Nations Conference on Trade and
Development (UNCTAD) report reports that in 2017,
the digital economy accounted for 15 percent of
global GDP.
Source: www.analyticsinsight.net
B2C FIRMS
• Many variables derailed effective market processes
with the outbreak of COVID 19.
• Any of the problems faced by B2C firms is sustained
tight lockdowns, volatility in consumer requests, and
a disrupted supply chain.
Source: www.top.studio.com
CUSTOMER EXPECTATIONS
• Since B2C companies are driven by customer
expectations, the secret to business success is to
recognise shifts in customer expectations.
• From now on, businesses that have incorporated
artificial intelligence, machine learning performed
comparatively well from those which did not opt such
adoption.
Source: www.analyticsinsight.net
IMPROVED PRODUCTS AND
SERVICES
• New products are designed based on consumer needs
and expectations through the integration of AI and
NLP.
• This will help in raising revenues and increasing the
income of the company.
Source: www.trustedexpert.io
CUSTOMISED CONVERSATION
WITH CUSTOMER
• A very typical consumer characteristic is that
wherever possible, they demand answers for their
questions.
• Owing to variations in time ranges, it is also not
practical for human customer assistants to answer
such questions.
• AI-chatbots and conversational AI are now reducing
the pressure on B2C businesses to provide their
clients with 24*7 assistance.
Source: becominghuman.ai
UNDERSTANDING THE CONTEXT
BEHIND CUSTOMER BEHAVIOUR
• It is important to consider consumer behaviour for
every organisation to succeed.
• Surveys, ratings and comments are common places
where the context behind the reaction of the
consumer is established.
• The related knowledge on consumer preference can
be collected and classified to show goods and services
according to customer demand by integrating text
analytics.
Source: www.pinterest.com
MANAGING THE BACK
OFFICE DATA WORK
• On a routine basis, the unstructured and organised
data generated is huge and explosive.
• Gaining information from this data allows the
enterprise to better grasp the needs of the consumer
and demand optimal performance for successful
business.
• This organised and unstructured knowledge can now
be conveniently managed and tracked by
downloading AI and ML algorithms.
Source: www.investopedia.com
MANAGING SUPPLY AND
DEMAND CHAIN
• In market production and expansion, supply and
demand play an integral role.
• The data can be interpreted reliably by integrating
predictive modelling, which aims to recognise the
market for goods across various geographies and
regions.
• This allows companies to deliver goods on an ongoing
basis without affecting business growth.
Source: Wikipedia
PREDICTING THE REVENUE
• In the context of a spreadsheet, AI-based solutions
and ML-algorithms analyse the cumulative data on
various goods and categorise them according to the
number of transactions and the sum of revenue.
• Based on this, businesses can understand patterns,
correlate sales and income, evaluate the variables
underlying sales volatility, and forecast a given
quarter's cash flow and revenue.
Source: www.truesky.com
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