Artificial Intelligence and E-Commerce: Applications and Opportunities There are a plethora of applications and opportunities available to those with an interest in artificial intelligence, chatbot technology, and e-commerce. Many industries are currently exploring ways to implement intelligent systems into their business model. Automated decision-making, analytical processing, and decision support systems will become more prevalent throughout every industry in the years to come. In the near future we will have machines that do nearly everything that a human could possibly do. One area of immediate concern is machine vision which will allow machines to see objects that humans can’t. In addition to visual recognition, this technology will also allow machines to recognize voice commands, recognize speech patterns, and even understand and compose emails or web pages.
Artificial Intelligence and E-Commerce
This article is my opinion, and not legal advice. I am a computer scientist by training, and business people by practice. If you ever need any legal advice or a strategy to use, please contact a lawyer. In the areas of personal branding, E-Commerce, Internet marketing, MLM, affiliate marketing, online businesses and much more, I’ve been blogging for many years. Occasionally I’ll write about stuff that I’m very interested in, such as artificial intelligence, business strategies, internet marketing, etc. Some of the topics of discussion that I am most passionate about include; how E-Commerce can enhance your life, why machine vision is so important, what type of business should you start, what type of market you should target, and much more.
When I was younger I used to dream about getting a computer. I would play games on the Apple II, create my own graphics applications, and print pictures out on fancy paper. Today, I am much happier. In fact, many of my friends now have E-Commerce sites, and most of them are running E-Commerce programs. In fact, some of my best friends are the creators of some of the hottest businesses online today! I am fascinated by the potential applications of Artificial Intelligence and E-Commerce.
Also read: Understanding Artificial Intelligence
The other day, I was thinking about all the possible applications of Artificial Intelligence and E-Commerce: artificially intelligent robots doing menial jobs in the retail business, chat rooms for small business owners, smart phone programs doing tasks like taking pictures of items for catalogs, weather stations recording pollen counts, weather reports for local farmers, weather information and street traffic in cities around the world. In fact, there are already many companies out there whose product lines are entirely based on artificial intelligence. And how long will it be before every single human being on the planet has a robotic assistant? It’s going to be a very interesting future indeed, isn’t it? As you might imagine there are many different applications of Artificial Intelligence and E-Commerce.
In the past the Internet has lagged behind other communication technologies, but that trend is quickly changing. Many people now surf the web for virtually everything they need, and one such thing they do very frequently is shop. Indeed, the future of e-commerce and artificial intelligence lies in all forms of online commerce. It’s simply too important a topic to ignore. There are so many ways to facilitate online commerce these days, it’s difficult to predict where all the technology is headed.
But what about businesses with limited budgets? Can they also take advantage of artificial intelligence and e-commerce? Indeed they can. There are actually quite a few business models for online business, which don’t require high tech gadgetry or the internet itself. All they really need is to have a good business plan, reliable customers, and a great idea.
For instance, many physical businesses are turning to predictive dialing software to automatically call potential customers based on their unique data. predictive dialing makes it possible for businesses to capture information about their potential customers, sort through that data to find those people most likely to be potential customers, and then contact them via the automated phone system. In this way, businesses not only make it easy for customers to contact them, they also get the information they need to actually contact them.
Of course, this type of application isn’t limited to physical businesses. Real estate owners can use artificial intelligence to detect issues concerning their potential tenants before they ever come into the picture. Real estate agents can pre-qualify prospective tenants before they even show up at the property, and then use the data they’ve built up from past data matches to evaluate whether or not that prospective tenant really does have the income to fit the income level and needs of the real estate transaction. This is just the tip of the iceberg when it comes to applications and opportunities arising from artificial intelligence and e-commerce.
image credit: forbes