This article discusses five business applications of artificial intelligence–price optimization, forecasting, upselling and cross-selling, lead scoring, and managing for performance–that museums might adopt for their own operations.
“The challenge for any company is always finding new ways to grow their revenue, reduce costs, and expand market share, while at the same time minimizing risks.”
Executive Summary Companies are using AI in all kinds of innovative ways to advance their businesses. Sales is a key area where AI can be particularly valuable. Sales managers face the daunting challenge of trying to predict where their team's total sales numbers will fall each quarter.