24 November 2023
Integrating AI in our Trade Intelligence Resources
Artificial intelligence (AI) is rapidly transforming the global landscape of international trade. From automating market research to optimizing customs processes AI is helping to make international trade more efficient, transparent, and cost-effective; and eexpand is on board for this trip.
What does it mean for eexpand:
What are the most attractive countries for my business? What are their market size, the regulations, the main counterparts, the entry modes, the customs duties for my product in a given country? These are the kind of questions that over 1 millions of our users try to address when they browse eexpand’s trade platforms. Since our databases provide such info, soon our end users will be able to find such information much easier and faster using a conversational AI layer added to our trade resources database.
A first Proof of Concept (POC) in the works:
A POC has been performed concerning our market reports databases. This AI has scanned through 25,000 market reports and thus far the first results are quite astonishing and optimistic. Nevertheless, to make this information practical for our users, we are integrating additional concepts in the AI such as adding sources, so that the users can verify the sources in order to avoid any misleading information. Progressively we’ll be feeding our AI with additional resources as we move forward. We will keep you posted on more about the POC as it becomes more successful. Eventually we might be able to build a “super trader” with holistic business knowledge of world markets. Quite exciting times ahead!