L2 Session 4 Tech Entrepreneurship Q2

How do AI/ML technologies contribute to customer experiences?

• By providing personalized experiences

• By automating manual tasks

• By enhancing cybersecurity measures

• By improving supply chain management

What is the impact of personalized recommendations and offers based on customer data?

• Increased customer satisfaction

• Streamlined inventory management

• Enhanced market research capabilities

• Improved supply chain efficiency

Robust security measures protect sales data from _ access.

What does sentiment analysis using AI/ML aim to analyze?

• Customer demographics

• Customer purchase history

• Customer feedback and opinions

• Customer loyalty programs

What is the role of data in boosting sales strategies for businesses?

• It is a secret weapon for advertising.

• It helps in managing employee performance.

• It provides insights into competitor strategies.

• It enables data-driven decisions for increased sales and customer satisfaction.

Why is accurate and relevant data crucial for effective analysis?

• To track employee performance

• To identify market trends and customer preferences

• To measure advertising effectiveness

• To determine competitor strategies

What does market segmentation ensure?

• Effective targeting and increased sales

• Cost savings in marketing efforts

• Reduced competition

• Random customer targeting

How do Spotify's algorithms use AI/ML technology?

• To track user locations and recommend nearby concerts

• To analyze lyrics and suggest similar songs

• To identify popular artists and create trending playlists

• To analyze user data and create personalized playlists

Uber adjusts cab fares based on demand and _ using AI/ML.