I know what you will buy next –[Power of AI & Machine Learning]

Today, we are surrounded by a variety of products which makes it difficult for one to identify the best or the combination of the best products. Businesses are flooded with millions of transactions every day and it becomes ever more important to understand the choices and preferences of customers’ buying behaviour. People use a variety of strategies to make choices about what to buy and how much to spend. Recommender Systems automate some of these strategies with the goal of providing affordable, personal and high-quality recommendations. Given below are the approaches to develop a state-of-the-art Recommender System. WHAT IS A RECOMMENDER SYSTEM? Recommender System or algorithms start by finding a similarity score over the customers’ purchased and rated items which ov