AI Use Case

Predict market potential for new product proposition

Predict market potential for new product proposition - e.g. based on product innovation. This may involve scanning social media feeds to understand consumer activity and react to emerging trends, for example in fashion. The analysis may be used for production planning, pricing or marketing purposes.

Function

R And D

Product Development

Benefits

Operational Support - Demand forecasting,Revenue - New customer discovery

Case Studies

Choosy~Choosy plans to design and sell apparel according to popular social media trends

Industry

Data Sets

Structured / Semi-structured

AI Technologies

Traditional AI,Machine Learning (ML),ML Task - Prediction - Regression

Potential Vendors