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AI-Powered Commerce

You're reading from   AI-Powered Commerce Building the products and services of the future with Commerce.AI

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Product type Paperback
Published in Jan 2022
Publisher Packt
ISBN-13 9781803248981
Length 256 pages
Edition 1st Edition
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Authors (2):
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Andy Pandharikar Andy Pandharikar
Author Profile Icon Andy Pandharikar
Andy Pandharikar
Frederik Bussler Frederik Bussler
Author Profile Icon Frederik Bussler
Frederik Bussler
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Toc

Table of Contents (17) Chapters Close

Preface 1. Section 1:Benefits of AI-Powered Commerce
2. Chapter 1: Improving Market Opportunity Identification FREE CHAPTER 3. Chapter 2: Creating Product Ideas 4. Chapter 3: Understanding How to Predict Industry-Wide Trends Using Big Data 5. Section 2:How Top Brands Use Artificial Intelligence
6. Chapter 4: Applying AI for Innovation – Luxury Goods Deep Dive 7. Chapter 5: Applying AI for Innovation – Wireless Networking Deep Dive 8. Chapter 6: Applying AI for Innovation –Consumer Electronics Deep Dive 9. Chapter 7: Applying AI for Innovation – Restaurants Deep Dive 10. Chapter 8: Applying AI for Innovation – Consumer Goods Deep Dive 11. Section 3:How to Use Commerce.AI for Product Ideation, Trend Analysis, and Predictions
12. Chapter 9: Delivering Insights with Product AI 13. Chapter 10: Delivering Insights with Service AI 14. Chapter 11: Delivering Insights with Market AI 15. Chapter 12: Delivering Insights with Voice Surveys 16. Other Books You May Enjoy

Improving customer loyalty

Customer loyalty is important because it helps companies grow and retain customers over time. In turn, growing and retaining a customer base will help a business to succeed – and a company that fails to meet the needs of its customers will eventually suffer from a decline in loyalty.

Indeed, poor customer loyalty results in high rates of churn and decline, which can lead to significant financial losses and a company's eventual demise.

But customer loyalty isn't just about keeping customers; it's also about attracting new customers. To do this, companies must be able to offer products and services that are truly valuable for their target customers – and that means becoming an expert on what those customers want.

With voice surveys, you can obtain feedback directly from consumers, wherever they are. With increased response rates and engagement, you can better understand your customers and their needs, which will allow you...

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