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KIROI - Artificial Intelligence Return on Invest
The AI strategy for decision-makers and managers

Business excellence for decision-makers & managers by and with Sanjay Sauldie

KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

KIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

Start » Opportunities Mining with AI (Glossary)
12 September 2024

Opportunities Mining with AI (Glossary)

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(1565)

AI-driven opportunity mining is primarily found in the fields of Artificial Intelligence, Big Data and Smart Data, and Digital Transformation. It involves using Artificial Intelligence (AI) to discover new opportunities, trends, and potential for businesses.

Imagine opportunity mining by AI as a digital treasure hunt: AI systems analyse vast amounts of data, recognise patterns, and find hidden opportunities that are often overlooked with traditional methods. This can help, for example, to find new target groups for a product or to tap into previously unexploited markets.

A vivid example: An online retailer uses opportunity mining through AI to better understand their customers' purchasing behaviour. The AI discovers that many customers buy accessories together with a specific main product at the weekend. With this knowledge, the retailer can create targeted offers and increase their revenue.

In summary, AI-powered opportunity mining enables companies to react faster and more precisely to changes and to identify growth opportunities early on.

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