Exploring untapped market niches with deep learning models

Yadav, Mohit, Mittal, Arun and Jayarathne, P. G. S. Amila (2024) Exploring untapped market niches with deep learning models. In: Empowering entrepreneurial mindsets with AI. IGI Global, pp. 119-138. ISBN 9798369376584

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Abstract

The paper looks at how deep learning models work, analyse emerging and hidden markets, and apply the information to discuss how to develop business development strategies. Applying deep learning in market research involves demonstrating methodologies such as Systematic Literature Review (SLR) and PRISMA. By going over how neural networks compute, determining which business sectors to target, and illustrating how deep learning can help in market analysis, this paper shows businesses how these will be able to discover and thus dominate specific niches. Therefore, the summative integration of artificial intelligence and comprehensive data analysis methods offers an initial prototype design of the reference architecture to be used by organisations to improve strategic market designs and optimise incremental modifications necessary to build markets. The optimistic trend regarding DL in the market analysis is connected to the new prospects and potentialities that can offer new opportunities for deepening the learning process to cover the market and create enhanced models.

Item Type: Book Section
Subjects: Social Sciences and humanities > Business, Management and Accounting > Management Information Systems
Social Sciences and humanities > Economics, Econometrics and Finance > Banking and Finance
Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal Global Business School
Depositing User: Subhajit Bhattacharjee
Date Deposited: 31 Aug 2024 12:31
Last Modified: 31 Aug 2024 12:31
Official URL: https://doi.org/10.4018/979-8-3693-7658-4.ch006
URI: https://pure.jgu.edu.in/id/eprint/8389

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