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AI helps small sellers choose products
MIT Tech Rev·T1·
Artificial intelligence is transforming how small online businesses make product decisions. Previously, sellers relied on intuition and past sales data to determine what to stock. Now, AI tools can analyze vast amounts of information, including customer feedback, market trends, and competitor offerings, to predict demand with greater accuracy. This allows entrepreneurs like Mike McClary, who previously struggled to gauge interest in discontinued items, to better understand what their customers truly want. By leveraging AI, small online sellers can optimize their inventory, reduce waste, and increase profitability by focusing on products with the highest potential for success.
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ai
product
Original Source
MIT Tech Rev — technologyreview.com