You are the marketing manager for a renowned worldwide clothing line. With the economic recession after COVID, the company is investing in new markets with alternatives to supplement the reduced revenues. The management has appointed you as a team leader in an AI project for their e-commerce platform. The platform contributes 65% of their sales. Using the AI phases, draft a memo for management that addresses the following: 

Briefly describe the implementation plan.

How would prediction be used in this project?

Briefly describe the appropriate data for use in this implementation.

If the existing e-commerce has monthly sales of $150000 with maintenance costs of $2000, with AI implementation, the sales rise to $250000 with maintenance costs of $3000.How much is the operating profit per year?

The company is planning to invest $100,000 in this project. How long will it take to break even? 

How will AI accomplish this in this project?

Discuss the user experience presented by AI in this project. 

You need to include 3-4 references in your memo,

Answer rating: 100% (QA)

Memo AI Implementation Plan for Ecommerce Platform Enhancement To Management Team From Your Name Marketing Manager Date Date Subject AI Project Implem... View the full answer