Artificial intelligence (AI) has proven to be useful in many applications from automating cars to providing customer service responses. However, though many firms want to take advantage of AI to improve marketing, they lack a process by which to execute a Marketing AI project. This article discusses the use of AI to provide support for marketing decisions. Based on the established Cross-Industry Standard Process for Data Mining (CRISP-DM) framework, it creates a process for managers to use when executing a Marketing AI project and discusses issues that might arise. It explores how this framework was used to develop three cutting-edge Marketing AI applications.
Online reviews significantly impact consumers’ decision-making process and firms’ economic outcomes and are widely seen as crucial to the success of online markets. Firms, therefore, have a strong incentive to manipulate ratings using fake reviews. This presents a problem that academic researchers have tried to solve for over two decades and on which platforms expend a large amount of resources. Nevertheless, the prevalence of fake reviews is arguably higher than ever. To combat this, we collect a dataset of reviews for thousands of Amazon products and develop a general and highly accurate method for detecting fake reviews. A unique difference between previous datasets and ours is that we directly observe which sellers buy fake reviews. Thus, while prior research has trained models using laboratory-generated reviews or proxies for fake reviews, we are able to train a model using actual fake reviews. We show that products that buy fake reviews are highly clustered in the product reviewer network. Therefore, features constructed from this network are highly predictive of which products buy fake reviews. We show that our network-based approach is also successful at detecting fake review buyers even without ground truth data, as unsupervised clustering methods can accurately identify fake review buyers by identifying clusters of products that are closely connected in the network. While text or metadata can be manipulated to evade detection, network-based features are more costly to manipulate because these features result directly from the inherent limitations of buying reviews from online review marketplaces, making our detection approach more robust to manipulation.
Online user-generated reviews provide a unique view into consumer perceptions of a business. Extant research has demonstrated that text mining provides insight from textual reviews. More recently, we haven seen the adoption of image mining techniques to analyze visual content as well. With data comprising of user-generated imagery (UGI) and textual reviews, we propose to perform a combination of text-and image mining techniques to extract relevant attributes from both modalities. The analysis allows for a comparison between textual and visual content in online reviews. For the UGI analysis, we use a Deep Embedded Clustering model and for the User Generated Text Analysis we use a TF-IDF based mechanism to obtain attributes and polarities.The overall goal is to extract maximum information from text and images and compare the insights we gather from both. We analyze if any modality is self-sufficient or better than the other and also if both modalities combine to give similar or contrasting insights.
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