Artificial Intelligence Marketing and Predicting Consumer Choice PDF Download

Author: Steven Struhl
Publisher: Kogan Page Publishers
ISBN: 0749479566
Category : Business & Economics
Languages : en
Pages : 273

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Book Description
The ability to predict consumer choice is a fundamental aspect to success for any business. In the context of artificial intelligence marketing, there are a wide array of predictive analytic techniques available to achieve this purpose, each with its own unique advantages and disadvantages. Artificial Intelligence Marketing and Predicting Consumer Choice serves to integrate these widely disparate approaches, and show the strengths, weaknesses, and best applications of each. It provides a bridge between the person who must apply or learn these problem-solving methods and the community of experts who do the actual analysis. It is also a practical and accessible guide to the many remarkable advances that have been recently made in this fascinating field. Online resources: bonus chapters on AI, ensembles and neural nets, and finishing experiments, plus single and multiple product simulators.

Author: Johnny Ch Lok
Publisher: Independently Published
ISBN: 9781793104038
Category : Business & Economics
Languages : en
Pages : 254

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Book Description
Economic science or economic art methods predict consumer behaviorEconomic is both a science and art. Economic is considered as science because systematic knowledge derived from observation, study and experimentation. An art is the practical application of knowledge for achieving definition ends. A science teaches us to know a phenomenon and art traches us to do a thing. How to apply economic science or art method to predict consumer behavior? for example, there is a inflation US this year. This information is derived from positive science. The government takes certain fiscal and monetary measures to bring down to general level of prices in the country. The study of the monetary measures to bring down inflation makes the subject of economics as an art. Hence, as this case, if US government applies economic science or art method to predict this year will have inflation in US, then US government will attempt to avoid social general product prices to be raised, due to inflation influence. It aims to avoid US consumers reduce consumption desire in this year.For another example, nothing could be more useful than water. But in much of the world waste is plentiful enough that another glass more or less matters little to a fresh water supply agent businessman. So, water is chap. But, if any offices buy bottle of glass fresh water to let employees to drink. It will bring advantages that they do not spend time to buy water to drink when they are working in the office time in any offices as well as employees do not need to heat water to drink to waste time to work in offices. So, the bottle of fresh drinking water supply agent is one kind of drinking water product monopoly fresh drinking water supplier to supply fresh drinking water to satisfy office employees who do not need to spend time to heat water to drink in offices. Hence, it is possible that replace other different kind taste of drink or office employees themselves heat water drink in offices. It is general office employees' drinking habits and drinking choice in offices popularly. So, the bottle of fresh drinking water supply agents will concentrate on selling their fresh drinking water to office employee customers only in global fresh drinking water consumption target market. The office employees must be fresh drinking water companies' main target consumers.What is economic laws qualitative or quantitative method to predict consumer behavior? Law of economic are qualitative in nature. They are not exactly stated in quantitative terms. They tell the direction of change which is expected rather than the amount of change. For example, according to the law of consumer demand, the quantity demanded varies inversely with price, We don't say that 10% rise in price will lead to 30% fall in the customers' quantity demand.What is economic merits of deduction method? This method is near to reality. It is less time consuming and less expensive. the use of mathematical techniques in deducing theories of economics brings exactness and clarity in economic analysis. The deductive method is highly abstract. It require a great deal of care to avoid bad logic or faulty economic reasoning. This method makes conclusions to predict consumer behavior, due to reliance on imperfect and correct assumptions. It involves the process of reasoning from particular facts to general principle on the basic of experimentations, observations and statistical methods. In this method, data is collected about a certain economic phenomenon. There are systematically arranged and the general conclusions are drawn from them.What are the advantages of inductive method to predict consumer behavior? It is based on facts as such the method is realistic. In order to test the economic principles, method makes statistical techniques. The inductive method is therefore more reliable, inductive method is dynamic

Author: Stuart Russell
Publisher: Createspace Independent Publishing Platform
ISBN: 9781537600314
Category :
Languages : en
Pages : 626

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Book Description
Artificial Intelligence: A Modern Approach offers the most comprehensive, up-to-date introduction to the theory and practice of artificial intelligence. Number one in its field, this textbook is ideal for one or two-semester, undergraduate or graduate-level courses in Artificial Intelligence.

Author: Omer Artun
Publisher: John Wiley & Sons
ISBN: 1119037336
Category : Business & Economics
Languages : en
Pages : 217

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Book Description
Make personalized marketing a reality with this practical guide to predictive analytics Predictive Marketing is a predictive analytics primer for organizations large and small, offering practical tips and actionable strategies for implementing more personalized marketing immediately. The marketing paradigm is changing, and this book provides a blueprint for navigating the transition from creative- to data-driven marketing, from one-size-fits-all to one-on-one, and from marketing campaigns to real-time customer experiences. You'll learn how to use machine-learning technologies to improve customer acquisition and customer growth, and how to identify and re-engage at-risk or lapsed customers by implementing an easy, automated approach to predictive analytics. Much more than just theory and testament to the power of personalized marketing, this book focuses on action, helping you understand and actually begin using this revolutionary approach to the customer experience. Predictive analytics can finally make personalized marketing a reality. For the first time, predictive marketing is accessible to all marketers, not just those at large corporations — in fact, many smaller organizations are leapfrogging their larger counterparts with innovative programs. This book shows you how to bring predictive analytics to your organization, with actionable guidance that get you started today. Implement predictive marketing at any size organization Deliver a more personalized marketing experience Automate predictive analytics with machine learning technology Base marketing decisions on concrete data rather than unproven ideas Marketers have long been talking about delivering personalized experiences across channels. All marketers want to deliver happiness, but most still employ a one-size-fits-all approach. Predictive Marketing provides the information and insight you need to lift your organization out of the campaign rut and into the rarefied atmosphere of a truly personalized customer experience.

Author: Johnny Ch Lok
Publisher: Independently Published
ISBN: 9781793961334
Category :
Languages : en
Pages : 254

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Book Description
Chapter Three(AI) tool judges the difference between utility factor and emotionto influence consumer decision making In economic utility or immediate (expected) emotion aspects, whether which is more influential to excite consumption. To analyze whether it is economic utility or immediate ( expected) emotion more influential to excite consumption. It depends on the consumer individual consumption choice is in which situations. For example, if the industry's general consumer individual consumption decision is concentrate on emotion influential aspect, such as cruise entertainment industry, hospital care service industry, theme park entertainment industry, movie watching entertainment industry etc. Above all these industries have same nature, it is service. So, it seems that service industry's main influential factor is immediate ( expected) emotion influence, it is not economic utility influence. Otherwise, product sale industry's main influential factor is utility. 3.1(AI) judges consumer utility factorFor this toy choice situation example, parent choose to buy one toy to give whose child to play. They usually considerate which kind of toy is attractive to their child whom like to play. In many different kinds of toys choice, if the child likes to choose the kind of toy to play. After the child's parents had purchased the kind of toy to let whose child to play one period time, e.g. six month. Then, when the child feel that who has need to buy another new toy to play, due to he/she feels bored to play this toy. So, it seems that the child feels this toy has less utility or it's utility is decreased. So, he/she expects whose parent can buy another new kind of toy to let whom to play. It also implies that it is not emotion factor to influence the child to feel boredom and unfunny to play this kind of old toy after six months. It is the product's utility factor which can not attract the child to play it any more. So, this old toy's utility is decreased when this child spends six months to play it. This toy's value is only six month utility to this child to play. Otherwise, if this kind of toy is bought by another parent. It is possible that the another child like to play this kind of toy one year or more. So, it's utility to another child is one year or more period. So, product's utility period is difference, it depends on how long time of the user's satisfactory time.

Author: J. Jonathan Gabay
Publisher: Taylor & Francis
ISBN: 1040098924
Category : Business & Economics
Languages : en
Pages : 347

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Book Description
Practical Digital Marketing and AI Psychology explores how successful brands utilise both psychology and cutting-edge artificial intelligence technologies to maximise digital marketing strategies. Psychology has long been a foundation for successful marketing strategies, and evolving AI technologies are opening up new opportunities for marketers to help brands build trust and loyalty online. In this exceptional book, award-winning writer Jonathan Gabay delves into fascinating psychological digital marketing techniques and concepts, explaining the practical psychology and science you need to lift your marketing career to the next level. Gabay explores how new technologies can be harnessed to increase their impact significantly. The book provides practical tips and contemporary best-practice examples, including prompt engineering, the psychology behind mission statements and logo design, gamification, the possibilities and pitfalls of social media, among many more areas that will ensure your brand is trusted, valued, and desired. This definitive book is perfect for marketing students up to PhD level and digital marketing, PR, and sales professionals looking for a fascinating, compelling read, packed with ideas and examples, that combines academic excellence with practical advice – all written and presented in a highly accessible style.

Author: Nripendra P. Rana
Publisher: Springer Nature
ISBN: 3030243745
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
This book examines issues and implications of digital and social media marketing for emerging markets. These markets necessitate substantial adaptations of developed theories and approaches employed in the Western world. The book investigates problems specific to emerging markets, while identifying new theoretical constructs and practical applications of digital marketing. It addresses topics such as electronic word of mouth (eWOM), demographic differences in digital marketing, mobile marketing, search engine advertising, among others. A radical increase in both temporal and geographical reach is empowering consumers to exert influence on brands, products, and services. Information and Communication Technologies (ICTs) and digital media are having a significant impact on the way people communicate and fulfil their socio-economic, emotional and material needs. These technologies are also being harnessed by businesses for various purposes including distribution and selling of goods, retailing of consumer services, customer relationship management, and influencing consumer behaviour by employing digital marketing practices. This book considers this, as it examines the practice and research related to digital and social media marketing.

Author: Niladri Syam
Publisher: Emerald Group Publishing
ISBN: 1800438826
Category : Business & Economics
Languages : en
Pages : 177

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Book Description
Machine Learning and Artificial Intelligence in Marketing and Sales explores the ideas, and the statistical and mathematical concepts, behind Artificial Intelligence (AI) and machine learning models, as applied to marketing and sales, without getting lost in the details of mathematical derivations and computer programming.

Author: Catherine Prentice
Publisher: Springer Nature
ISBN: 9819918650
Category : Computers
Languages : en
Pages : 180

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Book Description
This book takes a fresh stance and views EI and AI as services that are provided by service employees and machines as organisational offerings to customers. As emotional intelligence (EI) and artificial intelligence (AI) have been cited to have broad effects on individuals, businesses and beyond, this book is focused on the organisational context, specifically how they affect employees and customers from a marketing perspective. The stance in this book is consistent with the conceptualisation of a service. This book holds that intelligence in businesses must turn into organisational assets to manifest their values. Further, this book explores this service-dominant logic era, and compared to tangible products, service plays a key role in organisational performance and customer relationship with the organisation. Intelligence exhibited either by human or machine is not a tangible product, but can be utilised as a service to assist employees in performing tasks and delivering services as well as facilitating business transaction and customer experience. This book is structured as follows. Chapters 2 and 3 demystify emotional and artificial intelligence, from different perspectives, including conceptualisations, the history and evolution of the concepts, how they function and where they can apply to. These discussions help readers understand what exactly these two intelligences are. Chapters 4 and 5 analyse how emotional intelligence is related to employees and customers, respectively, with a focus on service organisations. Chapters 6–8 are dedicated to anatomising AI and how it is operationalised as a service to influence employees and customers. Specifically, viewing AI as a service, Chapter 6 examines the impact of AI service quality and how it is related to employee service quality. Chapter 7 analyses the influence of AI service quality on customers. Based on the discussion in Chapters 6 and 7, Chapter 8 is extended to develop a scale to measure such AI service, named AI service quality. The last three chapters of this book integrate EI and AI to analyse their respective impacts on employees and customers. Chapter 9 proposes EI as a moderator of AI, whereas Chapter 10 proposes AI as a moderator of EI. Chapter 11 employs service profit chain to integrate EI and AI in the chain relationship to understand their effects on both employees and customers. This chapter broadly covers the service industry with a focus on tourism and hospitality sector. The discussion on the impact of EI and AI is complemented with empirical studies conducted in tourism or hospitality context to address their effects in these sectors.

Author: Johnny Ch LOK
Publisher:
ISBN: 9781794161436
Category :
Languages : en
Pages : 253

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Book Description
Marketing communication function in clothing industry What marketing communication tools are the most useful or suitable to clothing industry? I shall indicate mailings, telephones and personal interview marketing communication tools to reflect the useful function to clothing industry.Nowadays, clothing fashion products total change of market had changed rapidly and its new trends which has changed too rapidly suddenly after 1950 year. So, the different brands of clothing products need to be designed unique to satisfy clothing buyer individual specific groups and / or lifestyle needs. Also, the different design of fashion clothing products can represent every different clothing brand's image. However, sufficient promotion will be one influential tool to help the clothing product designer to promote is any kinds of cloths to let potential cloth clients to know or help it to build familiar brand image in the clothing market.Good fashion design can challenge conventional views. It should be recognized their consumers very in the conservation they have towards fashion styles and also speed and readiness with which change their opinions. So, an efficient marketing communication strategy will let the clothing products designer to gather whose cloth clients' opinions in order to predict how they ought to decide to design preferable fashion styles choices more easily in order to let it follow general clothing product buyers' fashion styles design choice to design many attractive fashion styles of clothing products to let them to persuade them to choose to buy its clothing products more easily.So, clothing buyer personal interviews or telephone individual contact or posting mail questionnaire enquiry promotion method will be one suitable to be used to promote in clothing industry. Because these market communication tools can gather any clothing buyer individual opinions in order to help the designers to understand. Then, clothing market can enhance the clothing design creating process and marketing personnel appreciate that within the fashion industry design can lead as well as respond to customer requirements progress can be made more easily. Thus, telephone, clothing buyers individual interview or questionnaire researching or post mailing questionnaire researching marketing communication tools will have effort to help the brand of clothing designer to predict how to design its cloths styles which can persuade potential clothing buyers to choose to buy its brands of any kinds of styles clothing products to wear more easily in possible. So, any clothing designer needs have a fashion marketing concept and have demonstrated equal concern for design, customers and profits. Thus, any clothing designer's marketing communication strategy needs to concentrate on fashion design promotion. It means that when the clothing product provider has good different styles of clothing design products and the suitable place( clothing stores) and the reasonable price setting , then it needs have good promotion ( communication tool) e.g. telephone, TV, radio, magazine etc. to its target audience ( e.g. child, young , old age , expensive or cheap clothing product buyer group, traditional design or popular fashion design style clothing product preference cloth buyers.